La Banque Postale Asset Management (LBP AM) and its subsidiary Tocqueville Finance have announced a new initiative in favor of life preservation by launching a global equity fund: the Tocqueville Biodiversity SRI. This new fund targets companies that provide solutions to the challenges of biodiversity conservation. Launched with the support of CNP Assurances, which has pledged an investment of 120 million euros, this fund is a concrete example of La Banque Postale Group’s commitment to biodiversity.
The stakes are critical: 55% of global GDP1 It will depend on the services provided by nature and more than a million species will already be threatened with extinction2. In France, awareness of the issue is growing, particularly with the Energy Climate Act requiring institutional investors and management companies to publicize the risks associated with eroding the biodiversity of financial products.
Signed in 2021, LBP AM and its subsidiary, Tocqueville Finance, have strengthened their commitment to combating biodiversity erosion with a new Tocqueville Biodiversity SRI Fund. The fund selects companies that provide solutions to the challenges of preserving biodiversity and natural capital. Their biodiversity footprint is calculated using the Global Biodiversity Score (GBS) measurement tool from CDC Biodiversité and Carbon4 Finance, a decision-making tool. The fund is classified as a “Section 9” under the SFDR (Sustainable Funding Disclosure Regulation).
SRI Biodiversity Investing World in Tocqueville covers four major themes: Sustainable Agriculture and Food (renewable agriculture, sustainable food production, reforestation and sustainable forest management), circular economy (collection and recycling systems, recyclable or compostable packaging), green building (new building materials) and environmental services and solutions (water, air and soil remediation and decontamination techniques).
In this universe, the management team has four implementation tools:
1. Identify solutions: The Fund selects companies that provide solutions through their product or service offerings, in particular specialized entities that provide products and services that help reduce pressure on biodiversity.
2. Commitment: LBP AM and Tocqueville Finance identify and support companies with a significant biodiversity footprint in implementing targets and strategies to mitigate it, for example in terms of reducing plastic use.
3. “Best in Class” Selection: It aims to identify companies at risk, who have initiated a positive transformation to control their biodiversity footprint, by adapting their internal practices and in their value chains.
4 – Exclusion: The fund does not finance companies involved in activities that put pressure on biodiversity associated with deforestation.
Vincent Cornet, Managing Director of LBP AM and Managing Director of Tocqueville Financeexplains: “At LBP AM and Tocqueville Finance, we are deeply convinced that addressing climate challenges will not be possible without Preserving Life Better. With an investment of 3 billion in assets at the end of August 2022 in the energy transition and biodiversity topics, LBP AM and Tocqueville are committed Finance is firmly committed to a more sustainable and sustainable world.The launch of Tocqueville Biodiversity SRI is further proof of our commitment.”
1 Source: WWF
2 Source: Global Assessment Report on Biodiversity and Ecosystem Services, 2019
Disclaimer: This is an advertising communication. Please refer to the prospectus and key investor information document before making any final investment decision.” “The SRI Tocqueville Biodiversity Fund is a La Banque Postale Asset Management FCP whose financial management has been delegated to Tocqueville Finance.”
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About La Banque Postale Asset Management (https://www.labanquepostale-am.fr/)
La Banque Postale Asset Management (LBP AM) owns 75% of La Banque Postale and 25% of Aegon Asset Management. LBP AM, SRI’s leader in multi-specialist conviction management, offers 4 investment hubs: Equity Center through its subsidiary Tocqueville Finance, Multi-Asset Performance Center and Absolute Performance, Quantitative Solutions Center and Real Asset Center. and own. It offers its clients investors and distributors an offer in open-ended funds, allocated funds and mandates. As of December 31, 2021, the consolidated assets of LBP AM and its subsidiary Tocqueville Finance amount to €60 billion in assets under management and distribution.