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METROPOLE Gestion

PRI reporting framework 2020

You are in Strategy and Governance » ESG issues in asset allocation

ESG issues in asset allocation

SG 13. ESG issues in strategic asset allocation

13.1. Indicate whether the organisation carries out scenario analysis and/or modelling, and if it does, provide a description of the scenario analysis (by asset class, sector, strategic asset allocation, etc.).

13.3. Additional information. [OPTIONAL]

At this stage we do not carry out scenario analysis models even if as a signatory of the TCFD we are following the 11 recommendations of the TCFD and specifically regarding scenario analysis. Nevertheless, companies are not yet disclosing this kind of analysis in a large majority. Our engagement try to prompt companies to do so and we will apply this kind of calculation in our portfolios as companies will improve their disclosures.


SG 13 CC.


SG 14. Long term investment risks and opportunity

14.1. Some investment risks and opportunities arise as a result of long term trends. Indicate which of the following are considered.

14.2. Indicate which of the following activities you have undertaken to respond to climate change risk and opportunity

14.3. Indicate which of the following tools the organisation uses to manage climate-related risks and opportunities.

14.4. If you selected disclosure on emissions risks, list any specific climate related disclosure tools or frameworks that you used.

Emissions calculation for our portfolios are based on companies disclosures.

14.5. Additional information [Optional]


SG 14 CC.

14.6 CC. Provide further details on the key metric(s) used to assess climate-related risks and opportunities.

Metric Type
Coverage
Purpose
Metric Unit
Metric Methodology
Climate-related targets
          
        
          
        
          
        
Weighted average carbon intensity
          Inform investment décisions and monitoring
        
          Tonnes of CO2 per Million euro revenue
        
          This metric  comes from the companies disclosures and is shared with clients on a monthly base. The change is explained  in our impact report published annually on our website
        
Carbon footprint (scope 1 and 2)
          Inform investment decisions and monitoring
        
          Tonnes of CO2 per Million euro revenue
        
          This metric comes from the companies disclosures and is shared with clients on a monthly base. The change is explained  in our impact report published annually on our website
        
Portfolio carbon footprint
          Inform investment decisions and monitoring
        
          CO2 emissions by Million euro invested
        
          This metric is calculated on a monthly basis but not disclosed in our monthly reports. We disclose it on any demand from investors
        
Total carbon emissions
          Inform investment decisions and monitoring
        
          Tonnes of CO2
        
          Not disclosed but available on demand
        
Carbon intensity
          Inform investment decisions and monitoring
        
          Tonnes of CO2 emissions by Million euro revenue
        
          Published monthly on our public reporting to clients and changes explained annually in our impact report available on our website
        

14.7 CC. Describe in further detail the key targets.

Target type
Baseline year
Target year
Description
Attachments
          2016
        
          2030
        
          As we practice an active engagement with companies, we aim to prompt them to improve their targets by 2030 respecting the Paris agreement
        

          
        
          
        
          
        

          
        
          
        
          
        

          
        
          
        
          
        

          
        
          
        
          
        

14.8 CC. Indicate whether climate-related risks are integrated into overall risk management and explain the risk management processes used for identifying, assessing and managing climate-related risks.

Please describe

Climate risk indicators are integrated into our ESG framework, which is representing 35 indicators out of 150. Those 35 indicators allows us to measure a climate score and risk management processes are included in a few indicators. This climate score will be further improved in 2020 following the 11 recommandations of the TCFD especially regarding risk management as companies improved their disclosures on those topics.

14.9 CC. Indicate whether your organisation, and/or external investment manager or service providers acting on your behalf, undertake active ownership activities to encourage TCFD adoption.

Please describe

We started in 2019 a collaborative engagement with the CDP, the "Non Disclosure Campaign" in order to prompt companies to disclose their climate related risks and opportunities or to improve it. We report on this engagement in our engagement report available on our website.


SG 15. Allocation of assets to environmental and social themed areas

15.1. Indicate if your organisation allocates assets to, or manages, funds based on specific environmental and social themed areas.

15.4. Please attach any supporting information you wish to include. [OPTIONAL]



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