A common sustainable approach to all our products and all our asset classes A common exclusion framework ■ Regulatory exclusions: controversial weapons and international sanctions ■ Discretionary exclusions: United Nations Global Compact (UNGC) and thermal coal Integrating material ESG criteria into analysis processes
5 SFDR Article 9 funds
■ The use of 3 ESG data providers: MSCI ESG Research, EthiFinance and Carbon4 Finance ■ An evaluation combining financial and ESG criteria. The integration of ESG criteria is adapted to the analysis process of each investment team and can be applied at the sector level as well as at the issuer level, at the management company level and/or at the mutual fund level, depending on the asset class. Sustainable requirements in portfolios ■ Minimum BBB ESG rating objective for all Rothschild & Co Asset Management Europe investment vehicles ■ Minimum ESG data coverage and ESG rating higher than that of the investment universe – for the majority of our directly managed open-ended products ■ Minimum taxonomic investments – for Article 8 & 9 products Active engagement ■ A dialogue focused on our priority themes (climate transition, inclusion and just transition...) and controversies ■ A responsible voting policy on 100% of our equity perimeter ■ Active participation in several working groups (ADEME, Finance for Tomorrow, AFG, Climate Action 100+, etc.) on strategies set up in the portfolios (impact, biodiversity, fossil fuels, just transition, etc.) ■ A detailed ESG reporting ( 1) ■ ESG profile (ESG rating, rating trends and breakdown by sector) ■ Carbon intensity (deviation from indices, sectoral contribution and identification of main contributors) ■ Transition profile (reduction targets, green share, categories of activities in transition, etc.)
4 impact strategies
■ Governance: representation of women on the board of directors ■ Sustainable Development Goals (SDGs): percentage aligned with SDGs
(1) Source: Rothschild & Co Asset Management Europe, 31/06/2022.
6 ESG policy | Rothschild & Co Asset Management Europe
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