Climate related risks and opportunities have been taken into account quite early as Metropole Gestion is an asset manager based in France and is subject to the implementation of the French Law voted in 2015. In 2015, France decided to introduce an innovative extra-financial reporting system. Article 173-VI of the law of 17 August 2015 on Energy Transition for Green Growth includes greater transparency obligations for investors regarding the consideration of criteria relating to compliance with environmental, social and governance quality (ESG) objectives in their investment strategies, that specifically include taking climate risks into account within these obligations and the means implemented to contribute to the Energy and Ecological Transition.
Therefore, an annual report is available on our website for the Company and for most of our equity funds.
We also became signatory of the TCFD in 2019 and started to build a climate score for each equity fund that is going to be improved in 2020 following the TCFD recommandations as companies will improve their climate risks and opportunities disclosures under the TCFD framework.