Social and environmental responsibility
Fulfilling performance requirements in a socially responsible way
THEAM is first and foremost committed to seeking to add value to and protect the assets that clients entrust us with, so as to establish and maintain a strong relationship based on trust. In addition to this financial responsibility, we take environmental, social, and governance (ESG) issues into account. For THEAM, being a responsible investor means reconciling financial performance requirements and these societal issues. THEAM’s approach to social and environmental responsibility is based on three priorities:
- Setting an example in terms of organisational structure and operations, in accordance with the BNP Paribas Group commitments
- Developing effective investment solutions that have a broad societal value
- Exercising our shareholder voting rights.
Definition of SRI
This approach aiming at enhancing the risk management of investment solutions and is supplemented by THEAM’s efforts in developing SRI funds (Socially Responsible Investing).
SRI is an investment which aims to reconcile economic performance with social and environmental impact, by funding companies and public institutions across all sectors whose business is geared towards sustainable development. By touching on issues of governance and corporate behaviour, SRI acts as a driver for a sustainable economy.
As at 31 December 2016, 16.4 billion euros representing 41.99 % of the total assets managed by THEAM apply Environmental, Social and Governance (ESG) criteria to investment decisions.
Our SRI range of funds represents 428 million euros, 1.09 % of the total assets managed by THEAM (at the end of December 2016).
Effective investment solutions that have a broad societal value
THEAM implements strict investment management criteria with either provide a framework for or prohibit investment in certain companies that operate in controversial sectors in all (excluding indexed management ) of its open-ended investment funds, conforming to numerous international treaties, agreements and regulations.
Currently, this exclusion framework covers these sectors:
- Palm oil and paper pulp
which have consequences on deforestation, the loss of biodiversity, climate change and disrupting local communities
- Nuclear energy
which raises social and environmental questions that are particularly sensitive
- Coal-based energy
which has a major impact on greenhouse gas emissions and climate change
with key environmental and social stakes among which ecosystem and biodiversity, water use and water pollution, use of agrochemicals, global food security, animal welfare.
THEAM implements a sector-based exclusion policy where controversial weapons (Also applies to the range of open-ended indexed equity funds) and the production of asbestos are concerned.
Exercising shareholder voting rights
Voting at general meetings is a key aspect of the ongoing dialogue with companies in which THEAM invests on behalf of its customers.
Our voting policy is available in the “regulatory information” section of the website.
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Investments in the aforementioned fund are subject to market fluctuation and risks inherent in investing in securities. The value of investments and the revenue they generate can increase or decrease and it is possible that investors will not recover their initial investment. Source: BNP Paribas Investment Partners.