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Sycomore Asset Management

PRI reporting framework 2020

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Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Sycomore AM has been a PRI signatory since July 2010 and we have published an RI report since 2011.

In 2019, Sycomore AM:

  • Participated in the PRI-lead collaborative engagement on tax responsibility (started in 2018)
  • Sponsored the FIR-PRI Research Award and actively participated in the jury
  • Suggested panel topics for PRI-in person in Paris, moderated a panel dedicated to climate change and presented the Net Environmental Contribution that Sycomore AM developped in partnership with Quantis and I Care & Consult

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Sycomore AM is a signatory of the CDP since 2013. In 2019, we exchanged on environmental methodologies and also discussed future engagement possibiities regarding climate-related matters beyond disclosure.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Sycomore AM is a signatory of the CDP Forests. In 2019, we exchanged on environmental methodologies regarding biodiveristy-related matters.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Sycomore AM is a signatory of the CDP Water. In 2019, we exchanged on environmental methodologies regarding water-related matters.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We joined the initiative in 2019 and discussed engagement options with targeted companies.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Sycomore AM is a member of the GIIN since December 2016. The GIIN's publications and recommandations contribute to the continuous improvement of our responsible investment approach. In 2019, we participated in the surveys regarding impact measurement and impact investment strategies. We also discussed integration of new metrics into the IMP ecosystem.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Sycomore AM is a signatory of the IIGCC since 2018. In 2019, we participated in various calls and meetings regarding scenario analysis and provided them with feedback on investors practices.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We are involved in ICCR through the Investor Alliance on Human Rights that we joined in 2018 as a member. In 2019, Sabrina Ritossa Fernandez, one of our ESG specialists, was a panelist during the conference "Rightscon" dedicated to digital rights to raise awareness on the role investors need to play. We helped draft a letter to the European Parliament to include Human Rights in the European sustainable finance taxonomy. https://investorsforhumanrights.org/news/investors-representing-1.9-trillion-voice-support-legislation-mainstream-esg-risk-management. Sabrina was also a speaker on a webinar on human rights: https://www.business-humanrights.org/en/webinar-on-investor-responsibility-to-respect-human-rights. Finally we participated in engagement actions and initiatives on human rights.

 

          FIR (Forum pour l'Investissement Responsable) and Eurosif
        

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Sycomore AM has been elected to the board of the FIR in 2017 and reelected in 2019. Our Head of Sustainable & Responsible Investment Bertille Knuckey is Vice-Chairman of the board (and our head of environmental strategy Jean-Guillaume Peladan is her substitute). 

Sycomore AM has been a sponsor and jury member of the FIR-PRI academic award on RI research since 2011.

In 2019, we were also members of the three commissions of the FIR: Sara Carvalho de Oliveira is a member of the Engagement Commission, Jean-Guillaume Peladan is a member of the Research Commission and Anne-Claire Imperiale is a member of the Public Communication Commission. We also participated in a working group led by the French-SIF on the French SRI label, co-producing recommandations to enhance the label framework. We participated in the conception of an event dedicated to human rights and hosted the event.

          AFG (Association Française de la Gestion financière)
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Anne-Claire Imperiale, co-head of ESG research, is an active member of the RI commission of the AFG. We are also part of dedicated working groups when relevant (in 2019, we were involved in a working group on the SRI label).

          SFAF (Société Française des Analystes Financiers - French CIIA)
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Alban Préaubert, a Sycomore AM's fund manager and ESG analyst, is an active member of the Sustainable Development commission of the SFAF. He led training sessions dedicated to ESG integration as part of the EFFAS diploma. 

          Workforce Disclosure Initiative (WDI)
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Sycomore AM is a signatory of the initiative. We contributed to making the initiative known to other French and Indian investors, and provided sollicited feedback on how to make the questionnaire work best for companies and investor signatories. 


SG 09.2. Assets managed by PRI signatories

Indicate approximately what percentage (+/- 5%) of your externally managed assets under management are managed by PRI signatories.

50 %

SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          - Training sessions on SRI to institutional clients and Independant Financial Advisors including courses given at SFAF, First Finance and Novethic
- SRI courses for students (Kedge Business School, ESSEC, HEC, Polytechnique, Dauphine, ENSAE)
        

Frequency of contribution

Description

          - Sponsored the FIR-PRI academic prize
- Became sponsor of the new Chaire "Good In Tech" as well as a member of its scientific committee launched by the Mines-Télécom Business School Institute, Sciences Po's school of management and innovation, in partnership with the Risk Fundation of Louis Bachelier Insistute, Télécom Paris and Télécom SudParis.
- Membership as a founding partner of the NEC initiative which led to the launch of the website and the publication of the methodology NEC 1.0 (nec-initiative.org)
        

Frequency of contribution

Description

          - Actively participated in the jury of the FIR-PRI academic prize
- Actively participated in the definition of the ambition of the Chaire "Good in Tech" and became member of its scientific committee
        

Frequency of contribution

Description

          We participated to two working groups on the French SRI label with an objective to promote SRI best practices and improve the label accordingly.
We replied to the consultation of the French financial market authority (AMF) regarding the formalisation of guidelines for SRI/ESG funds to avoid SRI/ESG/green-washing in the industry.
In addition we participated in many initiatives with IFAs and industry organisations (e.g. Patrimonia, Actionaria) to raise awareness and transparency accross the industry.
The NEC initiative launched in 2018 finalized in 2019 its website and we participated to the publication of the NEC 1.0 methodology at nec-initiative.org, a pre-competitive platform.
        

Frequency of contribution

Description

          Representatives of Sycomore AM very frequently speak at public French and international events to promote responsible investment (spoke at approx 25 events in 2019). Here are some examples:
- Fonds Kongress Mannheim, January 2019 : Human is capital, but cash is king!
- CFA Society France, roundtable on extra financial communication of companies, March 2019 
- Salone del Risparmio, Milan, April 2019, AAA cercasi performance sostenibile : e se la soluzione fosse il valore condiviso?
- Produrable, Paris, April 2019, presentation on the Net Environmental Contribution
- The Annual General Meeting of the Future, Paris, April 2019, in partnership with Prophil
- GFSI, the carbon footprint doesn't tell us everything, the Net Environmental Contribution, May 2019
- EOS Capital, roundtable on SRI, May 2019
- CFA event Lisbon, June 2019, roundtable on ESG
- Conference Responsible Investment, Société Générale Security Services, June 2019
- PRI in person, Paris, September 2019, "Innovative investor solutions for the low-carbon transition"
- Summer University of the economy of tomorrow, ESG integration in listed and non listed equities, September 2019
- Impact Summit France, September 2019, 2 breakout sessions on Sycomore Eco Solutions and Sycomore Happy@Work
- FEE only summit Verona, October 2019, roundtable on ESG
- National Day of Investor, December 2019, Impact Investing
- Citywire, Berlin, November 2019, “Why human capital is the best long-term asset”
- The Fabrik of the Future, 2019, participation to the preparation of a call for a finance of social and environmental progress
- Roundtable "Good in Tech" in the context of the launch of the Chaire Good in Tech
- Annual conference of the IFACI (internal control and audit professionnals), roundtable on extra financial communication of companies, December 2019
- etc.
        

Frequency of contribution

Description

          In the context of the launch of the Net Environmental Contribution initiative website, Sycomore AM have worked together with ICare&Consult and Quantis on the publication of the detailed methodological papers by valuechain. The resulting sectorial handbooks are publicly available here: https://nec-initiative.org/methodology/sectorial-handbook/
        

Frequency of contribution

Description

          Sycomore AM is contributing on a regular basis to the promotion of responsible investment in the media. In 2019, we contributed to more than 1000 publication in the media, many of them relating to SRI or sustainability. Medias covered include both general medias (Le Point, Challenges, ParisMatch, etc.) and financial medias (Agefi, OptionsFinance, BFM Business etc). In 2019, we can highlight the following articles and adverts related to SRI in the media: 
- Sponsoring and co-designing the Annual General Meeting of the Future with Prophil - https://www.sycomore-am.com/Notre-magazine/2018/11/594-Sycomore-AM-soutient-l-AG-du-Futur
- Article in AGEFI on Social Capital
- Several BFM Business interviews on Finance with a Purpose, serie launched in December 2018 and continued in 2019, topics covered were: inequalities, responsible Tech, governance, retail investors and responsible finance, biodiversity, human rights and just transition. Links to the replays:  https://www.sycomore-am.com/Notre-magazine/2018/12/599-Hors-Serie-BFM-Business-la-Finance-Utile-en-Actions; https://www.sycomore-am.com/Notre-magazine/2019/06/642-La-Finance-Utile-en-actions-La-gouvernance; https://www.sycomore-am.com/Notre-magazine/2019/04/630-La-finance-utile-comment-l-epargnant-peut-il-etre-acteur-de-l-amelioration-de-l-etat-du-monde; https://www.sycomore-am.com/Notre-magazine/2019/09/659-La-finance-utile-en-actions-la-Tech; https://www.sycomore-am.com/Notre-magazine/2019/12/685-La-finance-utile-en-actions-la-biodiversite; https://www.sycomore-am.com/Notre-magazine/2019/12/688-La-finance-utile-en-actions-Transition-juste-et-droits-humains.
- SRI flash on Annual General Meetings - https://www.sycomore-am.com/Notre-magazine/2019/06/643-FLASH-ISR-ASSEMBLEES-GENERALES-une-nouvelle-saison-haute-en-couleurs
- Interview on Human Capital and sustainable performance: https://www.sycomore-am.com/Notre-magazine/2019/05/637-Cyril-Charlot-l-engagement-des-collaborateurs-vecteur-de-creation-de-valeur
- Continuous support to the media "Info Durable" dedicated to sustainable development: we contributed to several articles through interviews 
- Sycomore AM publishes, two to four times a year, a RI newsletter on specific RI topics (SRIWay). In 2019, our SRIWay #10 was focusing on "Transformation" (https://www.sycomore-am.com/Notre-magazine/2019/03/619-Une-decennie-pour-proposer-un-modele-alternatif) and our SRIWay #11 was focusing on "Tech - TechforGood / GoodinTech" (https://en.sycomore-am.com/Our-Magazine/2019/09/661-Responsible-Way-11-The-Good-in-Tech).
        

Frequency of contribution

Description

          Sycomore AM was elected to the board of directors of the FIR (French SIF) in 2017 and reelected in 2019.
Our Head of Sustainable & Responsible Investment Bertille Knuckey is Vice-Chairman of the board and our head of Environmental Strategy Jean-Guillaume Péladan is her substitute.
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

All our publications are available in French and English on our website: https://en.sycomore-am.com/Our-Magazine/Our-Publications 


SG 11. Dialogue with public policy makers or standard setters

11.1. Indicate if your organisation - individually or in collaboration with others - conducted dialogue with public policy makers or regulators in support of responsible investment in the reporting year.

If yes

11.2. Select the methods you have used.

11.3. Where you have made written submissions (individually or collaboratively) to governments and regulatory authorities, indicate if these are publicly available.

11.4. Provide a brief description of the main topics your organisation has engaged with public policy-makers or regulators on.

In 2019, Sycomore AM has engaged with public policy-makers on the following topics: 

  • EU Green Taxonomy;
  • EU Ecolabel criteria for financial products;
  • French SRI label;
  • French financial market authority roadmap on sustainable finance;
  • French financial market authority guidelines for SRI/ESG/green funds.

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