Carmignac has received three SRI labels from the French Government's Independent Accreditation Body (AFNOR). The labels were each issued to two of the Company's equity funds, Carmignac Emergents and Carmignac Portfolio Grande Europe, and to the multi-asset emerging market fund, Carmignac Portfolio Emerging Patrimoine.
Based on the investment style of Carmignac, all three funds adopt an approach that is not based on a benchmark. They integrate ESG analyses as well as an appropriate scoring into their investment process. They differ particularly from the other funds because of their approach of selecting companies with low-carbon emissions, the positive effects of which they can incorporate thematically into their investment strategy.
Sandra Crowl, stewardship manager, said: "This label reflects our commitment to Responsible Investments. For the first time since the launch of the label, a multi-asset emerging market fund has received such accreditation. "
Since its inception, Carmignac has developed strong ethical principles against investing in polluting industries, especially for tobacco and coal producers. "We are determined to continue this meaningful path to offer our investors sustainable, long-term investments. We can achieve this goal by pursuing our mainstream approach to ESG integration and active voting policy, as well as our specific SRI fund range, based on sound and transparent processes. Since 2012, we have publicly committed to adopt and apply the Principles for Responsible Investment of the United Nations (UNPRI). "
Crowl joined Carmignac in 2007 and is a member of the Investment Committee and stewardship manager. She began her career in 1987 at the Bankers Trust Australia. In 1991, she moved to the Paris office to lead the Foreign Exchange team. In 1993, she moved to the London office, where she was appointed managing director of the European Foreign Exchange Team. She joined the fund management industry in 2003 and joined the new hedge fund seeding firm New Alpha Advisers, a subsidiary of the alternative fund boutique ADI.