Echiquier Major SRI Growth Europe in the top 10 European funds based on climate-performance
Echiquier Major SRI Growth Europe, a French SRI-certified fund, received one of the Climetrics Funds Awards on 19 February from among 430 European equity funds.
Launched by the Carbon Disclosure Project (CDP) and ISS-Ethix Climate Solutions, Climetrics assigns a climate-performance score to almost 4900 funds domiciled in Europe managing almost 3000 billion euros of assets. The score is based on climate governance, portfolio composition and fund strategy.
Didier Le Menestrel, chairman of La Financière de l’Echiquier, said “This prize is a magnificent recognition of the passionate work accomplished by the Echiquier Major SRI Growth Europe management team and the SRI team. It reflects our bedrock conviction creating sustainable value requires a balanced approach and consideration of the world of tomorrow”.
Sonia Fasolo, SRI manager, adds “We select leaders for their ESG excellence and the example they set in managing climate risks. The entire Echiquier Major SRI Growth Europe team is delighted at having won this prize, which, on top of its carbon footprint, recognises its strong climate performance.”
About La Financière de l’Echiquier – www.lfde.com
Established in 1991 by Didier Le Menestrel and Christian Gueugnier, La Financière de l’Echiquier (LFDE), with Christophe Mianné as managing director, is one of France’s top independent investment firms, with more than 9 billion euros in assets under management. Its business is managing savings and financial investments on behalf of retail clients, wealth-management advisors, and institutional investors. LFDE, which is 40%-owned by the Primonial group, is also on the ground in Italy, Germany, Switzerland, Spain and the Benelux. It has been a signatory of the UN PRI since 2008 and the Carbon Disclosure Project since 2013. LFDE has also joined the Montreal Carbon Pledge and the French Social Investment Forum (FIR).
About Climetrics – www.climetrics-ratin
Climetrics is the first rating that provides a holistic assessment of a fund’s climate-related risks and opportunities. It independently rates thousands of actively managed funds and ETFs and its ratings are free-to-search, providing investors with transparency on climate change-related risks when comparing funds. Climetrics looks inside each fund, measuring its portfolio holdings’ exposure to climate risks and opportunities, as well as the fund’s investment policy and the asset manager’s public action on climate change. It was developed by two recognized climate specialists, non-profit CDP and ISS-climate. The project was catalyzed and funded by Climate-KIC, the EU’s main climate innovation initiative.
About CDP – www.cdp.net
CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$87 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 7,000 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2018. This is in addition to the over 750 cities, states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP, formerly Carbon Disclosure Project, is a founding member of the We Mean Business Coalition.
About ISS ESG – issgovernance.com/esg.
ISS ESG is the responsible investment arm of Institutional Shareholder Services Inc., the world’s leading provider of environmental, social, and governance solutions for asset owners, asset managers, hedge funds, and asset servicing providers. Under the ISS ESG umbrella are three discrete units that draw on deep historical and industry expertise, including: ISS-ethix, which enables investors to develop and integrate responsible investing policies and practices, engage on responsible investment issues, and monitor portfolio company practices through screening solutions; ISS-climate, which provides data, analytics and advisory services to help financial market participants understand, measure, and act on climate-related risks across all asset classes; and ISS-oekom, which provides corporate and country ESG research and ratings and enables its clients to identify material social and environmental risks and opportunities including through advisory services. ISS ESG clients rely on the expertise of all three to help them integrate responsible investing policies and practices into their strategy and shareholder voting decisions.