Today, we must go beyond simply developing specific ‘SRI’ processes and products; the aim now is to ensure that environmental, social and governance (ESG) criteria are taken into consideration in all management products and processes.
The depth and precise forms of this integration may vary according to asset class and investment process, but the common goal behind this broader integration is to improve the consideration of the ESG risks that can have a significant impact on the value of a sovereign asset or a company.
The strategy of Groupama AM is founded on the company’s support for the major universal principles internationally agreed by the UN, the OECD and the Principles for Responsible Investment (PRI), and focuses on three main ambitions:
Internally, monitoring and control metrics are specially adapted to the defined SRI targets and implemented for each investment process. For example, in the case of the “best in class” management process for the RI products “Euro Capital Durable” and “Groupama Crédit Euro ISR”, three levels of control are exercised:
There is no specific external control procedure for monitoring the ESG methodology of Groupama Asset Management. However, for several years now, the transparency of the company’s RI/SRI investment policy has been regularly evaluated/vetted by external rating agencies and by external clients, in the course of: