ESG processes of asset managers under surveillance

ESG processes of asset managers under surveillance

The AMF has published a doctrine asking funds to publish measurable objectives, if they want to be able to claim sustainable finance. Rankings appear on the basis of the quality of managers’ commitment and the quality of their ESG management process. In the beginning, there were extra-financial rating agencies, these organizations rating companies listed on ESG criteria. But today, it is no longer just listed companies that are seeing their environmental and social behavior closely…

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Climate: US asset managers singled out for their inaction

Climate: US asset managers singled out for their inaction

According to the ShareAction study, they are reluctant to hold companies to account on climate issues in general meetings, especially when it comes to the biggest giants. European asset managers are less complacent in the face of global warming, according to the British NGO. When it comes to climate, the gap between the rhetoric of American asset managers and their actions is starting to show. Most of them never cease to reiterate their commitment to…

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Climate: the complicated assessment of asset managers’ engagement

Climate: the complicated assessment of asset managers’ engagement

Asset managers regularly highlight their ability to influence companies through dialogue on environmental, social and governance issues. But it is difficult to measure the impact. “Green washing” or a difference in approach? Asset managers are increasingly called upon to put pressure on companies on climate and social issues. This commitment takes the form of coalitions such as the Principles for Responsible Investment (PRI), or forums where they strongly affirm their ecological conviction. But the real…

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The managers in disarray with regard to shareholder resolutions

The managers in disarray with regard to shareholder resolutions

More and more institutional investors and NGOs are tabling resolutions on climate and social issues during general meetings, particularly in the United States. Asset managers are divided over the effectiveness of these methods, which is reflected in their votes. Should general assemblies become places of debate for shareholder democracy on environmental issues? Faced with resolutions tabled by shareholders on climate and social issues, asset managers do not all have the same approach and this is…

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The climate commitment of managers scrutinized

The climate commitment of managers scrutinized

The NGO InfluenceMap measured the commitment of asset managers to companies on climate issues, an indicator favorable to French managers. French managers can be proud, they top the InfluenceMap ranking for their climate commitment to listed companies. The British NGO scrutinized the actions of the 15 largest global asset managers and a few other players. BNP Paribas Asset Management takes the best rating awarded by the association, A +, while Axa and Amundi follow behind….

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Listed managers took advantage of the stock market upturn

Listed managers took advantage of the stock market upturn

The excellent performance of the financial markets last year benefited most listed asset managers. The pressure of passive management is felt particularly across the Atlantic. Forgotten, the terrible year of 2018. The excellent performance of the financial markets last year allowed managers of listed assets to regain color. “After a very bumpy year 2018, there was a form of catching up”, underlines Philippe Lecoq, manager at Edmond de Rothschild AM. With stock market indices up…

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The NGO ShareAction denounces the blind spots of ESG management

The NGO ShareAction denounces the blind spots of ESG management

Asset managers tend to take environmental, social and governance (ESG) criteria into account as long as they can have a material impact on a company’s financial situation. At the risk of missing out on abuse in supply chains, for example. Asset managers are mostly in the background on the defense of human rights, regrets the NGO ShareAction. “The world’s largest asset managers, while formally advocating for the protection of human rights, largely fail to hold…

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The strange return of asset managers

The strange return of asset managers

With deconfinement, managers are gradually finding their way back to the office under very specific conditions due to the imperatives of physical distancing. More than two months of forced teleworking gave ideas to some, tempted by greater flexibility in working methods. After more than two months confined to their homes, most asset managers find their way back to the office like everyone else. Gradually, and in improved sanitary conditions: alternating teams, physical distancing, masks and…

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