Lyxor Asset Management
|
|
- Reginald Garrett
- 6 years ago
- Views:
Transcription
1 2017 Lyxor Asset Management REPORTING ON INTEGRATION OF ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) CRITERIA Article 173 (D ) of the French Law on the Energy Transition for Green Growth
2 CONTENT 1. General overview of ESG approach (D II-1 ) 3 2. Impact on investment policies and decisions (D II-2 ) 7 2
3 INTRODUCTION LYXOR PUTS SRI AT THE HEART OF ITS INVESTMENT SOLUTIONS. IN CREATING SOLUTIONS THAT ACCOUNT FOR ENVIRONMENTAL, SOCIAL AND GOVERNANCE FACTORS, WE ADDRESS THE CHALLENGES OF THE FUTURE AT THE CORE OF OUR CLIENT S CONCERNS. Lyxor is a group of asset management companies that provides transparent and customized solutions to investors, via alternative, indexing, structured and other research-based investments. We are a signatory to the Principles for Responsible Investment set out by the United Nations ( We are committed to adhering to these principles: 3
4 21- GENERAL OVERVIEW OF ESG APPROACH (D II-1 ) Pursuant Article 173 (D ) of the French Law on the Energy Transition for Green Growth, The following section provides a general overview of ESG reporting requirements (article 1, subsection II, paragraph 1) 1. General approach with regard to the inclusion of ESG issues in the investment policy and risk management within Asset Management Company At present the SRI Policy includes the following key areas: A SRI approach in line with our Commitments. In compliance with the Environmental & Social Policies and sector specific Policies, LYXOR applies exclusions of the firms associated with serious and repeated violations of regulatory requirements related to controversial sectors and products Shareholder Engagement: As part of the SRI Policy, Lyxor Voting Policy has been published as an independent document but referenced in Lyxor's SRI Policy. UN PRI: Lyxor is a signatory of the UN Principles for Responsible Investment since Content, frequency, and means used by the entity to inform subscribers, affiliates, contributors, beneficiaries or clients about the integration of ESG criteria as reflected in the investment policy and risk management Lyxor's SRI Policy is available under its website and is revised each year. Several others publications are available on Lyxor.com: Lyxor Voting Policy is published as an independent document but referenced in Lyxor's SRI Policy, Lyxor voting reports Pursuant Article 173, Lyxor will integrate a description of the main criteria s nature considered for ESG issues and the reasons for choosing them in relevant fund annual reports in
5 3. List and the % share of funds (in assets under management) that integrate ESG criteria As of December 31st 2016, 49% of Lyxor s Assets under Management is covered by an ESG approach. 4. The use of (or membership in) labels, initiatives, charters, and codes related to informing on the quality of ESG practices At Lyxor Level: We are a signatory to the Principles for Responsible Investment set out by the United Nations ( We are committed to adhering to these principles. By incorporating ESG (Environmental, Social and Governance) issues in our policies and practices we will influence companies to move towards more sustainable practices. Our organization is involved in discussions conducted at domestic and European level within our trade associations (AFG, EFAMA) via dedicated working groups on Responsible Investment. Lyxor is member of the AFG's Socially Responsible Investment Committee. 5. Identification and description of the risks associated with ESG issues, including exposure to climate risks As part of Lyxor's reputational and ESG risk management, we identify companies that are associated with serious and repeated breaches of norms and standards adopted by Lyxor and/or mandatory requirements related to controversial sectors and products. Lyxor s other actions: Development of Sustainability Themed Investment solutions: Sustainability themed investments inherently contribute to addressing social and/or environmental challenges such as climate change, eco-efficiency and health. Transparency: Lyxor extends gradually an ESG & Carbon rating capacity with a proprietary approach for its vehicles. Measuring the GHG emissions of its investments is seen as a first step. This will provide investors with an indication of their current financed emissions. Analysis of direct exposure should be the primary focus. Shareholder engagement: Lyxor through its active ownership encourages Companies to determine the environmental and social impact of the company s operations and identify the potential business and reputational risks, while ensuring that appropriate controls and procedures are in place to manage them. 5
6 REPORTING ON INTEGRATION OF CLIMATE RISKS AND THE CONTRIBUTION TO THE ENERGY TRANSITION After carefully analyzing the Indicators and data available to take into account and measure the transition risks that climate change poses to Issuers, Lyxor will not report on those matters at this time. We will work with our external providers in order to enhance our knowledge to report and better reflect the risk of transition in the coming years. 6
7 2- IMPACT ON INVESTMENT POLICIES AND DECISIONS (D II-2 ) SRI IS NOW A CORE INVESTMENT ISSUE FOR OUR CLIENTS. TAKING EXTRA-FINANCIAL CRITERIA INTO CONSIDERATION PLAYS A KEY ROLE IN THE GROWTH OF OUR BUSINESS. Capitalizing on our financial engineering expertise and ability to innovate, we are already creating solutions for our clients that wish either to have a positive and measurable impact on their investments or to restrict or refrain from investing in companies with a major ESG risk profile. Pursuant Article 173 (D ) of the French Law on the Energy Transition for Green Growth, 1. Description of LYXOR s ESG approaches Funds that apply exclusion lists: To restrict or refrain from investing in companies with a major ESG risk profile, our clients can benefit both from applying our exclusion lists and from implementing dedicated online lists with their own concerns. Themed Investment Funds: Sustainability themed investments inherently contribute to addressing social and/or environmental challenges such as climate change, eco-efficiency and health. Funds with ESG selection: This approach involves the selection or weighting of the best performing or most improved companies or assets as identified by ESG analysis, within a defined investment universe. This approach includes Best-in-Class, best-in-universe, and best-effort. Funds with ESG integration: The explicit inclusion of ESG risks and opportunities into traditional financial analysis and investment decisions based on a systematic process and appropriate research sources. The integration process focuses on the potential impact of ESG issues on company financials (positive and negative), which in turn may affect the investment decision 7
8 Shareholder engagement: Our clients also benefit from our involvement as a shareholder in certain vehicles managed by Lyxor. This stake lets us motivate companies to improve their ESG practices in the long term. By developing these solutions at Lyxor and leveraging on our fund selection expertise, we will be able to advise our clients on how to successfully transition their investments towards greater transparency and environmental & social responsibility. Hereafter, the detail by different ESG approaches by AUM: ESG Approach Outstanding ( 31/12/2016) % of Outstanding Negative Screening 38,444,224, % SRI ESG themed investment 492,459, % Selection of ESG issues 6,339, % Integration of ESG issues 23,607, % Total 38,966,631, % ESG Approach Outstanding ( 31/12/2016) % of Outstanding Shareholder Engagement 12,965,942, % Total 51,932,573, % Base AUM = 106,250,528,089 excluding AUA, including SG Fortune 2. Shareholder Engagement and Active Ownership practices Within the 'domain of engagement' a variety of engagement strategies can be distinguished to influence corporate and managerial behavior. At present Lyxor s engagement activities includes the following key areas: Proxy voting at annual general meetings (AGMs): Lyxor Voting Policy has been published as an independent document but referenced in Lyxor's SRI Policy. Class-action Lawsuits after evaluation of the process and benefits in the best interest of its clients Thematic engagements on a sector level Lyxor is convinced that good corporate governance should in the long term result in improved corporate performance and therefore improved shareholder value. In exercising its voting rights Lyxor can contribute to the enhancement of the economic and financial performance of the companies of which shares it manages on behalf of its clients, with the aim of driving best practice and reducing the risk of corporate failure. 8
9 The key areas of good corporate governance in the context of Lyxor's Voting Policy are the following: Protection of the long term interests and rights of shareholders, supporting the "one share, one vote" principle, where shareholders have voting rights in direct proportion to their economic interest in a company. Independence and diversity of boards to avoid conflicts of interests and to foster optimal effectiveness and efficiency of boards. Fair and transparent executive remuneration in line with the performance of the company. Quality and integrity of financial information and related communication to shareholders. Integration of corporate environmental and social responsibility in the company's operations for the benefit of the company, its shareholders and other stakeholders. Our voting Policy and voting reports are available on Lyxor website: Lyxor reserves the right to modify this document at any time in order to reflect the evolution of Responsible Investments standards and market practices. The Responsible Investment Policy is publicly available on Lyxor s website. This document cannot be interpreted as a contractual commitment. 9
10 DISCLAIMER This material has been provided to you at your demand on a strictly confidential basis, has been prepared solely for informational purposes and does not constitute an offer, or a solicitation of an offer, to buy or sell any security or financial instrument, or to participate in any investment strategy. This material does not purport to summarize or contain all of the provisions that would be set forth in the prospectus of the Fund. Any purchase or sale of any securities may be made only pursuant to the prospectus of the Fund. There is no assurance that a transaction will be entered into on any indicative terms. The information contained in this material should not be construed as a recommendation or solicitation to buy or sell any security or financial instrument, or to participate in any investment strategy. It does not have regard to specific investment objectives, financial situations, or the particular needs of any specific entity or person. Investors should make their own appraisal of the risks and should seek their own financial, legal and tax advice regarding the appropriateness of investing in any securities or financial instrument or participating in any investment strategy. Potential investors should be aware that any direct or indirect investment in any investment vehicle described herein is subject to significant risks, including total loss of capital, such investments may be highly volatile, and there are significant restrictions on transferability and redemption of an interest in such investment vehicle. Liquidity of the Fund described herein is not guaranteed and there are circumstances under which such liquidity may be restricted or may not be possible. Investors should be able to bear the financial risks and limited liquidity of this investment. No assurance can be given that the investment objectives of the investment Fund presented herein will be achieved or that an investor will not lose all or substantially all of his or her investment. Hedge fund investment managers may use investment strategies and financial instruments that, while affording the opportunity to generate positive returns, also provide the opportunity for increased volatility and significant risk of loss. The Fund described herein is also subject to the risk of counterparty or issuer default. This brief statement does not disclose all the risks and other significant aspects in connection with transactions of the type described in the materials. Potential investors should refer to the prospectus of the Fund which includes important information, including related risk factors. Historical data relating to the assets described herein is provided for information only. All performance information set forth herein is based on historical data and, in some cases, hypothetical data, and may reflect certain assumptions with respect to fees, expenses, taxes, capital charges, allocations and other factors that affect the computation of the returns. An individual investor may have experienced different results for the period in question had it been an investor during such period. These figures may also be unaudited and subject to material change. Past performance is not indicative of future results, and it is impossible to predict whether the value of any fund or index will rise or fall over time. Under normal market conditions, Lyxor intends to offer weekly or monthly liquidity for its funds. However, weekly or monthly liquidity is not guaranteed and there are circumstances under which such liquidity may not be possible, including, but not limited to: 1. Periods during which there are a large number of redemption requests, or where there are one or more large redemption requests; 2. Where Lyxor s risk management guidelines would prohibit additional liquidity; 3. Where the underlying investments impose additional restrictions on liquidity. While the information (including any historical or hypothetical returns) in this material has been obtained from sources deemed reliable, neither Société Générale ( SG ), Lyxor Asset Management, S.A.S. ( Lyxor AM ), nor their affiliates guarantees its accuracy, timeliness or completeness. Neither SG, Lyxor AM nor any of their affiliates is under any obligation to update, modify or amend this communication or otherwise notify you that any matter contained herein has changed or subsequently become inaccurate. Any opinions expressed herein are statements of our judgment on this date and are subject to change without notice. SG, Lyxor AM and their affiliates assume no fiduciary responsibility or liability for any consequences, financial or otherwise, arising from an investment in any security or financial instrument described herein or in any other security, or from the implementation of any investment strategy. This material should not be construed as legal, business or tax advice. SG, Lyxor AM and each of their affiliates expressly disclaims all responsibility for any use of or reliance upon this document. Lyxor AM and its affiliates may from time to time deal in, profit from the trading of, hold, have positions in, or act as market-makers, advisers, brokers or otherwise in relation to the securities and financial instruments described herein. Service marks appearing herein are the exclusive property of SG and its affiliates, as the case may be. This document is exclusively for your use and may not be reproduced, distributed or published by any person for any person without the prior written consent of SG or Lyxor AM. The Investment Manager will operate in accordance with the policy he has put in place to manage potential conflict of interest. Notice to European investors: Any potential investment in any securities or financial instruments described herein may not be suitable for all investors. Any prospective investment will require you to represent that you are a professional client, as defined in the Markets in Financial Instruments Directive (MiFID). The securities and financial instruments described herein may not be available in all jurisdictions. Investments in or linked to hedge funds are highly speculative and may be adversely affected by the unregulated nature of hedge funds and the use of trading strategies and techniques. Also, hedge funds are typically less transparent in terms of information and pricing and have much higher fees than registered funds. Investors in hedge funds may not be afforded the same protections as retail investors as defined in the MiFID. 10
11 Lyxor Asset Management Tours Société Générale 17 Cours Valmy La Défense Cedex France - solutions@lyxor.com Lyxor Asset Management (Lyxor AM) is a French société par actions simplifiée (simpled private limited company) with a capital stock of 161,106,300 euros Nanterre Trade Register n Lyxor AM is an investment managment compagny autorized by the Autorité des marchés financiers under the UCITS Directive (2009/65/EC) and the AIFMDirective (2011/31/EU). Copyright February 2016 Lyxor AM. All rights reserved. 11
LYXOR Asset Management Group
2018 LYXOR Asset Management Group REPORTING ON INTEGRATION OF ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) CRITERIA Article 173 (D 533-16) of the French Law on the Energy Transition for Green Growth Content
More informationLYXOR ASSET MANAGEMENT
2017 LYXOR ASSET MANAGEMENT Proxy Voting Report Year 2017 Voting Report 2017 1- Governance and Voting Principles LYXOR Asset Management SAS (hereafter referred to as LYXOR ) is a fully-owned subsidiary
More informationCONFLICT OF INTEREST MANAGEMENT POLICY
CONFLICT OF INTEREST MANAGEMENT POLICY LYXOR ASSET MANAGEMENT LYXOR INTERNATIONAL ASSET MANAGEMENT Subtitle CONTENTS Purpose and regulatory framework 1. Detecting conflicts of interest 1.1 Definition 1.2
More informationLET S OPEN PERSPECTIVES. We create solutions for your future
LET S OPEN PERSPECTIVES. We create solutions for your future ETFs & INDEXING Standing among the most experienced ETF providers, Lyxor ETF ranks 3 rd in Europe with more than $54.4bn* of ETF assets under
More informationResponses to investor questions on the mergers by absorption of Lyxor CAC 40 Daily (2x) Leveraged UCITS ETF
Responses to investor questions on the mergers by absorption of Lyxor CAC 40 Daily (2x) Leveraged UCITS ETF Table of contents Key information on the merger 3 Lyxor CAC 40 Daily (2x) Leveraged UCITS ETF
More informationResponses to investor questions on the mergers by absorption of Lyxor FTSE USA Minimum Variance UCITS ETF.
October 2017 Responses to investor questions on the mergers by absorption of Lyxor FTSE USA Minimum Variance UCITS ETF. Table of contents Key information on the merger 3 Lyxor FTSE USA Minimum Variance
More informationLYXOR ID CARD JANUARY 2019 MORE THAN AN ASSET MANAGER, AN ARCHITECT MANAGER.
LYXOR ID CARD MORE THAN AN ASSET MANAGER, AN ARCHITECT MANAGER. A UNIQUE PARTNER, ANCHORED IN EUROPE SERVING INSTITUTIONAL AND PRIVATE CLIENTS Founded in 1998. Wholly-owned subsidiary of Societe Generale
More informationEuropean SRI Transparency Code Version 3:0
European SRI Transparency Code Version 3:0 December 2014 The European SRI Transparency Code (the Code) focuses on SRI funds distributed publicly in Europe and has been designed to cover a range of assets
More informationAre your bonds really green?
Are your bonds really green? How the Solactive index chooses high quality green bonds This document is for the exclusive use of investors acting on their own account and categorised either as eligible
More informationENVIRONMENTAL, SOCIAL AND GOVERNANCE RISK ANALYSIS SOLUTIONS
ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISK ANALYSIS SOLUTIONS By the first and only global custodian to become a Signatory of the UN Principles for Responsible Investment TREVOR ALLEN LUGANO, 20/11/2017
More informationTransparency Code for SRI funds open to the public
This document has been completed by AXA Investment Managers Paris in accordance with the Transparency Code. The French Asset Management Association and the Forum for Responsible Investment assume no responsibility
More informationFonds de Compensation FDC SICAV Obligations EUR Actif 3
Fonds de Compensation FDC SICAV Obligations EUR Actif 3 Sustainable Approach March 2018 Amundi Sustainable Approach Sustainable and Responsible Investing has been a long standing and essential part of
More informationPRI Reporting Framework Main definitions 2018
PRI Reporting Framework Main definitions 2018 November 2017 reporting@unpri.org +44 (0) 20 3714 3187 Table of Contents Introduction 2 ESG issues 3 Active/ Passive investments 4 ESG incorporation 5 Active
More informationAPPLICABLE FINAL TERMS FINAL VERSION APPROVED BY THE ISSUER
Investors should have sufficient knowledge and experience of financial and business matters to evaluate the merits and risks of investing in a particular issue of Euro Medium Term Notes as well as access
More informationAPPLICABLE FINAL TERMS. Dated 4 April 2012
APPLICABLE FINAL TERMS Dated 4 April 2012 SOCIÉTÉ GÉNÉRALE EFFEKTEN GMBH acting in its own name but for the account of Société Générale Issue of up to EUR 50,000,000 Notes Series DE3609/12.6, Tranche 1
More informationTransparency Code for SRI funds open to the public
This document has been completed by AXA Investment Managers Paris in accordance with the Transparency Code. The French Asset Management Association and the Forum for Responsible Investment assume no responsibility
More informationEuropean SRI Transparency Code
European SRI Transparency Code The European SRI Transparency Code (the Code) focuses on SRI funds distributed publicly in Europe and is designed to cover a range of assets classes, such as equity and fixed
More informationAegon N.V. Responsible Investment Policy 2017
Aegon N.V. Responsible Investment Policy 2017 The Hague, October 2017 1 Introduction Aegon N.V. (hereafter referred to as Aegon ), as a global insurance company, asset manager and investor, has a large
More informationSocially Responsible Investment Guidelines. Carmignac Portfolio Emerging Patrimoine
Socially Responsible Investment Guidelines Carmignac Portfolio Emerging Patrimoine Carmignac s Overarching Sustainable Framework UNPRI Signatory since 2012 SRI Objective in prospectus* Investment Team
More informationResponsible Investing Making sense of investing
Responsible Investing Making sense of investing Working with you since 1831 Making sense of investing Socially Responsible Investing (SRI) allows investors to take a more proactive role in the economy
More informationVoting Policy August 2016
Voting Policy August 2016 Ossiam is a French UCITS management company, managing investment funds, including ETFs, based on systematic investment processes. Given the type of management exercised, Ossiam
More informationEnvironmental, Social and Governance Investing
NORTHERN TRUST ASSET MANAGEMENT Environmental, Social and Governance Investing Avantika Saisekar ESG Product Specialist 1 NORTHERN TRUST RESPONSIBLE INVESTING OVERVIEW WHO WE ARE AUM PROFILE $65B INNOVATIVE
More informationFOR PROFESSIONAL CLIENTS ONLY. Environmental, social and governance (ESG) investment policies
FOR PROFESSIONAL CLIENTS ONLY Environmental, social and governance (ESG) investment policies 2016 1. Does your organisation have a policy regarding the integration of environmental, social and corporate
More informationThe asset manager for a changing world
INVESTING FOR A SUSTAINABLE WORLD For professional and institutional investors only 2017 The asset manager for a changing world INVESTING for a sustainable world I 2017 I 2 OUR INVESTMENT PHILOSOPHY The
More informationESG investing is not just about ethics, but risk management too November 2017
PERSPECTIVES ESG investing is not just about ethics, but risk management too November 2017 Socially responsible investing (SRI) aims to generate returns for investors while taking the sustainability and
More informationAPPLICABLE FINAL TERMS FINAL VERSION APPROVED BY THE ISSUER
Investors should have sufficient knowledge and experience of financial and business matters to evaluate the merits and risks of investing in a particular issue of Debt Instruments as well as access to,
More informationGear Up 3X 5X 7X. your investment with Daily Leverage Certificates. Listed on SGX. For Specified Investment Products (SIP) qualified investors only
For Specified Investment Products (SIP) qualified investors only Gear Up your investment with Daily Leverage Certificates 3X 5X 7X L o n g S h o r t Listed on SGX Find out more, go to our website DLC.socgen.com
More informationSG93 FTSE 100 Defensive Autocall 7.30% Warrant Linked Note GLOBAL EQUITY FLOW
SG93 FTSE 100 Defensive Autocall 7.30% Warrant Linked Note GLOBAL EQUITY FLOW CONTACT INFORMATION SG Listed Products Team Global Equity Flow London listedproducts@sgcib.com 0800 328 1199 Indicative Terms
More informationAPPLICABLE FINAL TERMS
APPLICABLE FINAL TERMS Investors should have sufficient knowledge and experience of financial and business matters to evaluate the merits and risks of investing in a particular issue of Euro Medium Term
More informationMIFID II LEAFLET CORPORATE INVESTMENT BANKING (SGCIB)
Since its implementation in November 2007, the Markets in Financial Instruments Directive ( MiFID I ) has been the cornerstone of capital markets regulation in Europe. MiFID I was recast by the Markets
More informationSUPPORTING THE POSITIVE IMPACT OF YOUR BUSINESS
N O VEMB ER 2 0 1 7 SUPPORTING THE POSITIVE IMPACT OF YOUR BUSINESS SOC I E T E G E N E R ALE C IB PIONE E R S PO SI T I V E I M PACT FINANC E S OLU TIONS As the global population approaches eight billion,
More informationMIFID II LEAFLET CORPORATE INVESTMENT BANKING (SGCIB)
Since its implementation in November 2007, the Markets in Financial Instruments Directive ( MiFID I ) has been the cornerstone of capital markets regulation in Europe. MiFID I was recast by the Markets
More informationLYXOR MSCI EMU GROWTH UCITS ETF
Paris, La Défense, 12 May 2017 RE: Modification of the following fund: FUND NAME LYXOR MSCI EMU GROWTH UCITS ETF ISIN CODE FR0010168765 Dear Unit-holder, We hereby inform you that Lyxor International Asset
More informationRE: Modification of Sub-fund No. 31 of the MULTI UNITS FRANCE SICAV fund (the Fund ), indicated below:
Paris, La Défense, 18 may 2017 RE: Modification of Sub-fund No. 31 of the MULTI UNITS FRANCE SICAV fund (the Fund ), indicated below: SUB-FUND NAME LYXOR EURO STOXX BANKS UCITS ETF ISIN CODE C-EUR share
More informationAllianz Global Investors. ESG Policy
Allianz Global Investors ESG Policy ESG Policy Allianz Global Investors is one of the world s leading active asset managers, providing a diverse range of active investment strategies and solutions for
More informationResponsible Investment Position Statement.
Responsible Investment Position Statement. October 2017 BT Financial Group ( BTFG ) provides wealth management services to Australians across superannuation, insurance, investments and advice. Our mission
More informationCORPORATE GOVERNANCE & RESPONSIBLE INVESTMENT
2015 ANNUAL REPORT CORPORATE GOVERNANCE & RESPONSIBLE INVESTMENT 2015 Corporate Governance & Responsible Investment Annual Report Contents Message from Daniel E. Chornous, CIO, RBC Global Asset Management...
More informationINDICATIVE TERMS OF THE CREDIT LINKED NOTES
INDICATIVE TERMS OF THE CREDIT LINKED NOTES PLEASE READ AND CONSIDER CAREFULLY THE DISCLAIMERS ON THIS COVER PAGE AND UNDER THE SECTION "IMPORTANT WARNINGS" AND "IMPORTANT INFORMATION" BELOW PRIOR TO INVESTING
More informationFree translation for information purposes only
Free translation for information purposes only Public Limited Company With a Share Capital of EUR 1,009,641,917.50 Company Registered Office: 29, boulevard Haussmann, 75009 Paris RCS Paris 552 120 222
More informationAdrian Bertrand Principles for Responsible Investment. Responsible Investment
Adrian Bertrand Principles for Responsible Investment Responsible Investment An investor initiative in partnership with Responsible Investment 31 August 2016 - R E S P O N S I B L E I N V E S T M E N T
More informationTIAA-CREF Asset Management. Responsible Investing Primer
TIAA-CREF Asset Management Responsible Investing Primer Responsible Investing Primer This document explains responsible investing, its four primary approaches, and potential benefits for investors. Executive
More informationJyske Invest. An investor initiative in partnership with UNEP Finance Initiative and UN Global Compact
RI TRANSPARENCY REPOR T 201 6 Jyske Invest An investor initiative in partnership with UNEP Finance Initiative and UN Global Compact About this report The PRI Reporting Framework is a key step in the journey
More information***I DRAFT REPORT. EN United in diversity EN. European Parliament 2018/0179(COD)
European Parliament 2014-2019 Committee on Economic and Monetary Affairs 2018/0179(COD) 2.8.2018 ***I DRAFT REPORT on the proposal for a regulation of the European Parliament and of the Council on disclosures
More informationAllianz Global Investors. ESG Policy Framework
Allianz Global Investors ESG Policy Framework Introduction Allianz Global Investors (AllianzGI) is one of the world s leading active investment managers, providing a diverse range of active investment
More informationIreland Strategic Investment Fund. Sustainability and Responsible Investment Strategy
Ireland Strategic Investment Fund Sustainability and Responsible Investment Strategy December 2017 Ireland Strategic Investment Fund (ISIF) Sustainability and Responsible Investment Strategy This strategy
More informationPublic consultation on long-term and sustainable investment
Luxembourg, 23 rd March 2016 Public consultation on long-term and sustainable investment Introduction The Association of the Luxembourg Fund Industry (ALFI) is the representative body of the Luxembourg
More informationResponsible investment primer
Responsible investment primer Executive summary Responsible investment primer This document explains responsible investment, its four primary approaches and potential benefits for investors. The many facets
More informationESG Charter. PRUDENTIA CAPITAL is a signatory to the PRI (Principles for Responsible Investment) sponsored by the United Nations.
ESG Charter With the launch of its first investment fund, the portfolio management company is committed to applying ESG (Environment, Social and Governance) financial management standards. 1. STRONG CONVICTIONS
More informationAPPLICABLE FINAL TERMS FINAL VERSION APPROVED BY THE ISSUER
Investors should have sufficient knowledge and experience of financial and business matters to evaluate the merits and risks of investing in a particular issue of Euro Medium Term Notes as well as access
More informationNOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN
CANADA OR JAPAN KLM (together, the Securities ) in the United States or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the US Securities Act of 1933, as amended (the
More informationConsidering Environmental, Social and Governance Factors in the Investment Decision-Making Process. September 2018
Considering Environmental, Social and Governance Factors in the Investment Decision-Making Process September 2018 STOXX Ltd. / Deutsche Börse Group 1 Content 02 ESG is here to stay 03 Does investing in
More informationPRI REPORTING FRAMEWORK 2018 Direct Listed Equity Incorporation
PRI REPORTING FRAMEWORK 2018 Direct Listed Equity Incorporation November 2017 reporting@unpri.org +44 (0) 20 3714 3187 Understanding this document In addition to the detailed indicator text and selection
More informationAutocall SX5E Weekly 10y 3.35% INDICATIVE TERMS AND CONDITIONS Autocall SX5E Weekly 10y 3.35%
INDICATIVE TERMS AND CONDITIONS Autocall SX5E Weekly 10y 3.35% Autocall SX5E Weekly 10y 3.35% CONTACT INFORMATION Virginie DANON Paris Global Markets Cross Asset Solutions virginie.danon@sgcib.com 33142135996
More informationSRI-labelling A European perspective. Norsif SRI Seminar, Oslo
SRI-labelling A European perspective Norsif SRI Seminar, Oslo September 13, 2016 Dominique Blanc, Head of research NOVETHIC A RESEARCH CENTRE DEDICATED TO SRI An expert in responsible investment, Novethic
More informationCorporate Governance Policy for Xact Kapitalförvaltning Adopted by the Board of Directors of Xact Kapitalförvaltning AB on September 26, 2018.
Corporate Governance Policy for Xact Kapitalförvaltning Adopted by the Board of Directors of Xact Kapitalförvaltning AB on September 26, 2018. The Corporate Governance Policy and its purpose Xact Kapitalförvaltning
More informationGUIDANCE ON PRI PILOT CLIMATE REPORTING
GUIDANCE ON PRI PILOT CLIMATE REPORTING BASED ON THE RECOMMENDATIONS OF THE FSB TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES An investor initiative in partnership with UNEP Finance Initiative and
More informationForm F2 Information Required in an Investment Fund Prospectus. Table of Contents
This document is an unofficial consolidation of all amendments to National Instrument 41-101F2 Information Required in an Investment Fund Prospectus, effective as of September 1, 2017. This document is
More informationPRI REPORTING FRAMEWORK 2018 Overview and Guidance
PRI REPORTING FRAMEWORK 2018 Overview and Guidance December 2017 reporting@unpri.org +44 (0) 20 3714 3187 THE SIX PRINCIPLES 1 2 3 4 5 6 We will incorporate ESG issues into investment analysis and decision-making
More informationSG Issuer. Launch Date 3 July Expiry Date
KEY TERMS SHEET 3 July 2017 SG Issuer 12 million European Style Cash Settled Long Certificates expiring on 14 July 2020 relating to the SGI 5x Daily Leveraged Index on MSCI Singapore Index (the Certificates
More informationMSCI ESG FUND METRICS METHODOLOGY
MSCI ESG FUND METRICS METHODOLOGY MSCI ESG FUND METRICS METHODOLOGY. Executive Summary May 2017 CONTENTS 1 Executive Summary... 3 1.1 MSCI S Approach To Fund Metrics... 3 1.2 MSCI ESG Fund Metrics Features...
More information2Y Lufthansa Fix Kupon Express Anleihe
General Issuer: 2Y Lufthansa Fix Kupon Express Anleihe Indicative Termsheet 26 November 2018 Commerzbank AG (Moodys A1 / S&P A- / Fitch A- (structured debt instruments)) Commerzbank intends to sell its
More informationAPPLICABLE FINAL TERMS FINAL VERSION APPROVED BY THE ISSUER
Investors should have sufficient knowledge and experience of financial and business matters to evaluate the merits and risks of investing in a particular issue of Euro Medium Term Notes as well as access
More informationEuropean Working Group
European Working Group ESG Data Standardisation for disclosure & suitability tests Ghislain Périssé 7th February 2019 TISA MIFID II Seminar Agenda technical principles ESG & Mifid : ESMA consultation-
More informationMACRO AND EUROPEAN L/S EQUITY FUNDS TAKE THE LEAD
EXPERT OPINION 11 A p r i l 2 0 1 7 MACRO AND EUROPEAN L/S EQUITY FUNDS TAKE THE LEAD - The Lyxor Hedge Fund Index was up +0.9% in March, with 7 out of 10 Lyxor indices in positive territory. - L/S Equity
More informationLYXOR INTERNATIONAL ASSET MANAGEMENT (LIAM) LYXOR WORLD WATER UCITS ETF
LYXOR INTERNATIONAL ASSET MANAGEMENT (LIAM) LYXOR WORLD WATER UCITS ETF FISCAL YEAR ENDING ON: 30.06.2017 Information on the investments and management... 3 Activity report... 10 Statutory auditor's report...
More informationCarrefour places US$500 million non-dilutive cash settled convertible bonds
This press release does not constitute or form a part of an offer of or solicitation to purchase securities in the United States of America or to, or for the account or benefit of, U.S. Persons (as defined
More informationPrincipal Global Fixed Income s ESG principles
Principal Global Fixed Income s ESG principles Guided by our responsibility to our clients Our clients long-term best interests define the responsibility of Principal Global Fixed Income. And that responsibility
More informationESG AND RESPONSIBLE INVESTMENT PHILOSOPHY
ESG AND RESPONSIBLE INVESTMENT PHILOSOPHY February 2017 AMP CAPITAL ESG AND RESPONSIBLE INVESTMENT PHILOSOPHY 1 AMP Capital is one of Asia Pacific s largest investment managers. We have a single goal in
More informationbcimc Responsible Investing Newsletter
Vol. 4 No. 1 MAY 2017 ENVIRONMENTAL SOCIAL GOVERNANCE bcimc Responsible Investing Newsletter TOPIC: WATER bcimc is a global investor that provides investment management services to British Columbia s public
More informationResponsible Investing at Parametric
April 2017 Jennifer Sireklove, CFA Director, Investment Strategy at Parametric Principles-based investing has a long history in the United States, and recently there has been a surge of interest in incorporating
More informationLYXOR INTERNATIONAL ASSET MANAGEMENT (LIAM) LYXOR MSCI WORLD UCITS ETF
LYXOR INTERNATIONAL ASSET MANAGEMENT (LIAM) LYXOR MSCI WORLD UCITS ETF FISCAL YEAR ENDING ON: 31.03.2017 Information on the investments and management... 3 Activity report... 10 Auditor s report... 16
More informationESG Policy & Process. 1. Overview and Philosophy
Wells Capital Management ESG Policy & Process Updated March 2018 1. Overview and Philosophy Through our independent and specialized investment teams, Wells Fargo Asset Management ( WFAM ) 1 brings together
More informationFINAL TERMS DATED 17 APRIL BNP Paribas Arbitrage Issuance B.V. (incorporated in The Netherlands) (as Issuer)
FINAL TERMS DATED 17 APRIL 2013 BNP Paribas Arbitrage Issuance B.V. (incorporated in The Netherlands) (as Issuer) BNP Paribas (incorporated in France) (as Guarantor) (Warrant and Certificate Programme)
More informationInvesco 2016 Investment Stewardship and Proxy Voting Annual Report Our commitment to responsible investing
Invesco 06 Investment Stewardship and Proxy Voting Annual Report Our commitment to responsible investing Invesco s commitment to sound investment stewardship Dear Investor, Invesco is committed to delivering
More informationGreen Bond Framework
Green Bond Framework ENGIE is committed to successfully addressing the energy challenges of coming decades by producing energy that emits low CO 2. The environment, universal access to energy and the quest
More informationThe next frontier. UBS Asset Management ESG integration in fixed income
For professional / qualified / institutional clients and investors only. For marketing purposes. The next frontier UBS Asset Management ESG integration in fixed income By: Charlotte Baenninger, Head of
More informationLYXOR UCITS ETF EURO STOXX 50 DAILY LEVERAGE PROSPECTUS
LYXOR UCITS ETF EURO STOXX 50 DAILY LEVERAGE PROSPECTUS 1 LYXOR UCITS ETF EURO STOXX 50 DAILY LEVERAGE Compliant with DIRECTIVE 2009/65/EC PROSPECTUS GENERAL CHARACTERISTICS FUND TYPE A French common fund
More informationBest practice in fixed income and environmental issues. Hilkka Komulainen, Project Manager, Fixed Income and Infrastructure
Best practice in fixed income and environmental issues Hilkka Komulainen, Project Manager, Fixed Income and Infrastructure ESG strategies in fixed income Both globally and in the Nordics, screening is
More informationINFORMATION FOR UNIT-HOLDERS OF THE Lyxor MSCI AC Asia Pacific Ex Japan UCITS ETF FUND
Paris, 15 January 2019 INFORMATION FOR UNIT-HOLDERS OF THE Lyxor MSCI AC Asia Pacific Ex Japan UCITS ETF FUND ISIN Code Lyxor MSCI AC Asia Pacific Ex Japan UCITS ETF Acc FR0010312124 Lyxor MSCI AC Asia
More informationReponse to European Commission consultation on long-term and sustainable investments. ECO-LTI Date: 25 March 2016
Position Paper Reponse to European Commission consultation on long-term and sustainable investments Our reference: ECO-LTI-16-025 Date: 25 March 2016 Referring to: EC consultation on long-term and sustainable
More informationENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) INVESTMENT TRENDS
FROM MSCI ESG RESEARCH LLC. ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) INVESTMENT TRENDS Michelle Lapolla Friedman, Executive Director, MSCI ESG Research August 2017 INTRODUCING MSCI ESG RESEARCH 170+ ESG
More informationTransparency code for SRI funds open to the public
This document has been completed by AXA Investment Managers Paris in accordance with the Transparency code. The French Asset Management Association and the Forum for Responsible Investment assume no responsibility
More informationResponsible Investment Policy Framework
Responsible Investment Policy Framework April 2016 CC&A/Corporate Citizenship Contents 1. Introduction 3 1.1 Objectives 3 1.2 Mandate 3 1.3 Scope 3 1.4 Foundation 4 1.5 Structure 4 2. Responsible Investment:
More informationCarrefour launches an offering of US$500 million non-dilutive cash settled convertible bonds
This press release does not constitute or form a part of an offer of or solicitation to purchase securities in the United States of America or to, or for the account or benefit of, U.S. Persons (as defined
More informationPosition AMF Recommendation Guide to the organisation of the risk management system within asset management companies DOC
Position AMF Recommendation Guide to the organisation of the management system within asset management companies DOC-2014-06 References: Articles 313-1 to 313-7, 313-53-2 to 313-58, 313-60, 313-62 to 313-71,
More informationGOVERNANCE AND VOTING POLICY
GOVERNANCE AND VOTING POLICY What we expect of public companies and how we carry out our ownership responsibilities CONTENT CONTENT 1 1. INTRODUCTION 2 2. GOVERNANCE AND VOTING PRINCIPLES 3 3. PROXY VOTING
More informationSocially Responsible Investment Guidelines. Carmignac Emergents
1 Socially Responsible Investment Guidelines Carmignac Emergents Sustainability is at the heart of our equity investment process Our commitment to investors Generating attractive returns with a low turnover
More informationQuestions and Answers Risk Measurement and Calculation of Global Exposure and Counterparty Risk for UCITS
Questions and Answers Risk Measurement and Calculation of Global Exposure and Counterparty Risk for UCITS 2012 ESMA/429 Date: 9 July 2012 ESMA/2012/429 Contents Question 1: Hedging strategies 5 Question
More informationResponsible Investment: Policies and Principles
Responsible Investment: Policies and Principles At Franklin Templeton Investments (FTI), responsible investment (RI) refers to the integration of environmental, social and governance (ESG) factors into
More informationLYXOR INTERNATIONAL ASSET MANAGEMENT (LIAM) LYXOR DOW JONES INDUSTRIAL AVERAGE UCITS ETF
LYXOR INTERNATIONAL ASSET MANAGEMENT (LIAM) LYXOR DOW JONES INDUSTRIAL AVERAGE UCITS ETF FISCAL YEAR ENDING ON: 30.04.2018 Information on the investments and management... 3 Activity report... 10 Effective
More informationEnvironmental Indicators and Strategies in Asset Management. April 2016 Claudio Paonessa Helmut Kotschwar
Environmental Indicators and Strategies in Asset Management April 2016 Claudio Paonessa Helmut Kotschwar 1 Leading asset manager for sustainable investments Bank J. Safra Sarasin expertise A pioneer with
More informationEM Combo 13/08/2014 CROSS-ASSET SOLUTIONS. London Global Markets Cross Asset Solutions
EM Combo 13/08/2014 CROSS-ASSET SOLUTIONS London Global Markets Cross Asset Solutions Indicative Terms and Conditions This product is issued under and is subject to the terms and conditions of the Base
More informationCompass Group PLC Legal Entity Identifier (LEI): M6MH9OZ6U2T68
CONFORMED COPY PROHIBITION OF SALES TO EEA RETAIL INVESTORS The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to
More informationDebt Instruments Issuance Programme
SUPPLEMENT DATED 19 NOVEMBER 2014 TO THE BASE PROSPECTUS DATED 28 OCTOBER 2014 SOCIÉTÉ GÉNÉRALE as Issuer and Guarantor (incorporated in France) and SG ISSUER as Issuer (incorporated in Luxembourg) SGA
More informationKaizen Global Inc. s Disclosure and the. Kaizen Global Compensation Plan. Last updated April 11, 2017
Kaizen Global Inc. s Disclosure and the Kaizen Global Compensation Plan Last updated April 11, 2017 Table of Contents 1.0 Risk Disclosure... 2 1.1 Earnings Disclaimer... 3 1.2 The risks of Trading, Investing
More informationLYXOR UCITS ETF MSCI WORLD PROSPECTUS. Page 1
LYXOR UCITS ETF MSCI WORLD PROSPECTUS Page 1 LYXOR UCITS ETF MSCI WORLD COMPLIANT WITH DIRECTIVE 2009/65/EC PROSPECTUS GENERAL CHARACTERISTICS FUND TYPE A French common fund (fonds commun de placement)
More informationProspectus Supplement no. 3 dated 8 November 2016 to the Base Prospectus dated 3 May Valeo Euro 3,000,000,000 Euro Medium Term Note Programme
Prospectus Supplement no. 3 dated 8 November 2016 to the Base Prospectus dated 3 May 2016 Valeo Euro 3,000,000,000 Euro Medium Term Note Programme This prospectus supplement no. 3 (the Prospectus Supplement
More informationThe Successful Asset Mix Strategy
The Successful Asset Mix Strategy CAUBO 2016 June 12, 2016 www.usask.ca The Successful Asset Mix Strategy In a Sustainable World Sustainability Source: Wall Street Journal, Bloomberg, McKinsey & Company.
More informationThe terms in this letter that begin with uppercase letters are defined in the prospectus.
The terms in this letter that begin with uppercase letters are defined in the prospectus. Paris, 04 May, 2016 Purpose: Liquidation of Lyxor UCITS ETF MSCI MEXICO, a sub-fund of the MULTI UNITS FRANCE SICAV
More information