Climate
Convinced that investors have a role to play in building a sustainable future, we have set an ambitious target: 80% of our total assets will be aligned by 2030 with a decarbonization target compatible with the objectives of the Paris Agreement.
Levers for deployment
1. Responsible
shareholders
LBP AM supports companies of which it is a shareholder in their decarbonisation trajectory, in both defining that trajectory and enhancing the ones they have already begun. This exacting shareholder dialogue targets compliance with a +1.5° scenario.
2. Excluded investments & argeted-selection strategy
LBP AM excludes from its investments companies whose revenues are more than 20% exposed to non-conventional energies, as well as those companies that have not yet begun their energy transition.
BP AM has also developed a complex analytical tool that integrates greenhouse gas reduction targets, business model changes and consistent governance for the assets selected.
3. A consistent and diversified offering
Three funds now reflect the full extent of the climate challenge for LBP AM and Tocqueville Finance: LBPAM SRI Actions Environnement, LBPAM SRI Global Climate Change, and LBPAM Infrastructure Debt Climate Impact Fund Through these funds, LBP AM and Tocqueville Finance reconcile the search for returns with climate & social impact.
Getting ready for a post-fossil fuel world
Deux axes structurent la politique d’investissement de LBP AM dans les énergies fossiles :
Two axes structure the investment policy of LBPAM and Tocqueville Finance in fossil fuels:
- reducing risks incurred by carbon energy assets, either by directly reducing exposure or by optimising the choice of companies and sectors for the portfolio;
- promoting the energy transition, by supporting companies engaged in the transition or by expanding investments in companies that are developing solutions.
Expanding exposure to companies involved in decarbonating energy supplies (coal, oil and natural gas) is a first step, before more specifically targeting sectors that are heavy energy consumers.
Robust tools
LBP AM has developed robust analysis and evaluation tools (alignment, sustainability) to help it achieve its ambitious targets, backed by the acquisition of external databases tracking companies' climate performance. In addition, companies' climate targets are verified and validated by an external body (the SBT initiative, Science Based Targets) to ensure that they are compatible with the CO2 emission reduction scenarios required to meet the objectives of the Paris Agreement.
