Exclusion Policy
LBP AM implements an engagement policy with companies to help to develop the practices in the real economy through a framework of clear and transparent expectations applied to all assets under management.Nevertheless, exclusions are established to limit the exposure of LBP AM to issuers whose activities, policies or practices i) are not compatible with our vision of a responsible economy, and ii) are deemed unlikely to evolve.
The exclusion policy applies to all open-ended funds managed by LBP AM. For dedicated funds and institutional mandates, the policy applies, in whole or in part, depending on the choices of investors.