French manager Tobam has announced that all but two of its open ended fund range have been awarded the LuxFLAG ESG label, which identifes products incorporating environmental, social and governance considerations.
In Tobam's case the label has been applied across equity, fixed income and multi-asset portfolios. The manager's approach applies a systematic carbon footprint reduction to all portfolios, proprietary exclusion policy, engagement and active ownership policy.
The UN Principles for Responsible Investment assessment report this year give Tobam an A+ score for its strategy and governance approach.
Yves Choueifaty, CEO (pictured), said: "Since the beginning, sustainable development has been central to our values. We believe that integrating ESG criteria is instrumental in managing risk and makes sense in the context of long-term investments - and we are proud to say that 100% of our Anti-Benchmark equity, fixed income and multi-asset strategies as well as our Maximum Diversification indices follow our SRI policy."
"We count among our clients some of the largest institutional investors in the world and by sharing expertise and best practices, the dialogue with those long term investors has tremendously contributed to enhancing our SRI policies since 2007. What matters most to us is integrating ESG as far as possible without impacting the integrity of our Maximum Diversification approach. The recognition by the LuxFlag ESG label is an evidence of how seriously we take this approach."
Christophe Roehri, deputy CEO at Tobam outlined the overall approach in a podcast previously published by InvestmentEurope: https://soundcloud.com/user-233821844/podcast-exclusive-tobams-christophe-roehri-discusses-esg-sustainability
Sachin Vankalas, director general of LuxFLAG, said: "We are pleased to announce that the range of TOBAM's Anti-Benchmark® strategies have been granted the use of the LuxFLAG ESG label. The LuxFLAG ESG label recognizes today TOBAM's SRI investment policy, ESG integration efforts as well as their transparency to investors, which are all key components of the eligibility criteria of the LuxFLAG ESG label."
The LuxFLAG Sustainable Investment Week takes place 22-24 October at multiple venues across Luxembourg. Further details are available here: https://www.lsiw19.luxflagevents.lu/agenda
Funds awarded the LuxFLAG ESG label:
- Anti-Benchmark All Countries World Equity
- Anti-Benchmark Canada Equity
- Anti-Benchmark Emerging Markets Equity
- Anti-Benchmark Euro Equity
- Anti-Benchmark France Equity
- Anti-Benchmark Japan Equity
- Anti-Benchmark Pac ex-Japan Equity
- Anti-Benchmark US Equity
- Anti-Benchmark World Equity
- Anti-Benchmark Global Investment Grade
- Anti-Benchmark Global High Yield
- Anti-Benchmark Multi-Asset
Two additional open ended funds were not awarded the label for technical reasons, although they apply the same processesa and SRI policy as the other funds, Tobam added.