TOBAM announced the adoption of a carbon footprint reduction policy across its Anti-Benchmark Equity Strategies and Maximum Diversification indices.
The systematic carbon footprint reduction of at least 20 percent versus the reference benchmark’s carbon footprint is currently applied across equity portfolios and mandates.
The initiation comes after the implementation to an exclusion policy of companies with unacceptable ESG practices, further reinforcing its Tobam’s commitment towards sustainability.
Yves Choueifaty, Founder and CEO of TOBAM comments, “In line with our mission of providing rational and professional solutions to long term investors in the context of efficient markets, our company has had a longstanding commitment to upholding Environmental, Social, and Governance issues.
“The systematic implementation of the carbon footprint reduction to all our equity and fixed income strategies is consistent with our investment beliefs of long-term investing and integration of ESG across the board rather than having a dedicated sustainable and responsible funds range. We consider sustainability a core value.”
Christophe Roehri, Deputy CEO added, “Our first initiative to implement a systematic carbon footprint reduction across our equities strategies received genuine enthusiasm across our network. This alignment between our investment process and our values is particularly relevant in a context where investors around the world are not only looking for sustainable approaches but are now also looking to measure the actual impact of these approaches.”
This development is the latest in a series of sustainability initiatives carried out by Tobam over the past few years, including the development of a proprietary exclusion policy and the extension of an engagement policy that covers not only excluded companies, but also targeted companies held in their portfolios on identified E, S or G challenges.
The company manages US$8.7 billion (as of June 2019) in Equities and Fixed Income.
