- La Banque Postale Asset Management & Mirova take 30% of all Climetrics Fund Awards for actively managed equity funds, based on their 2021 performance on climate change, deforestation and water security;
- Funds sold by Aberdeen, Allianz, Schroders and Swedbank also among winners;
- Annual ranking is from Climetrics, the free-to-use environmental rating run by non-profit CDP;
- Climetrics rates over 18,000 funds worldwide - more than 30% perform badly.
March 08, 2021 (Berlin): Twenty equity funds are recognized today with the best environmental performance by Climetrics, the free-to-use fund rating from non-profit CDP.
The top five funds in each of the global, European, emerging markets and US equities asset classes were picked from a total of 18,000 global funds valued at €15 trillion, or around 30% of the entire global fund market.
The funds have the highest overall performance through an entirely environmental lens. Climetrics gives a fund a ‘1-leaf’ to ‘5-leaf’ rating by scoring its portfolio of companies, the asset manager’s environmental action, and its investment policy.
CDP’s market-leading corporate data on climate change, forests and water security – including CDP temperature ratings - is used for the corporate performance, along with sources like the Science Based Targets initiative and the ACT initiative.
Portfolio companies with larger environmental challenges are better scored if they manage them well or invest heavily in solutions. This includes, for example, if companies in hard-to-decarbonize industries have science-based targets (SBTs) that will align their emissions reductions with a 1.5°C pathway.
The list of winners includes funds sold by Aberdeen, Allianz, AXA, HSBC, La Banque Postale Asset Management, Schroders and Swedbank. La Banque Postale Asset Management and Mirova are both recognized with three winning funds each.
The list of winners is published here.
The winning funds stand out decisively from the crowd. Over 30% of the funds rated by Climetrics (approximately 6000 funds) are rated either 1-leaf or 2-leaf, the worst ratings. Their underlying scores are on average 70% lower than the winning funds.
Nico Fettes, Head of Product Development at CDP Europe, said:
“We know that the vast majority of global funds do not yet support the urgent global transition to an economy that is 1.5°C-aligned and living in harmony with our finite natural resources. We do not have time to waste. The fund industry – and individual investors – simply must start driving capital into the companies of the future. That’s why it’s critical that investors big and small can easily find the very few funds that are currently walking the talk with excellent environmental performance.”
Emmanuelle Mourey, CEO of La Banque Postale Asset Management, said:
“As a member of the Net Zero Asset Managers Initiative and a signatory of the Finance for Biodiversity Pledge, LBP AM is fully committed to supporting the energy transition and the responsible use of natural resources. These two dimensions are systematically embedded in our proprietary SRI analysis, GREaT, underpinning all our investment decisions. We also engage companies to demonstrate their alignment to the goals of the Paris Agreement and the Rio Convention on biodiversity through science-based climate targets and transition plans that favor emission reduction and resource-efficiency overcompensation. We are honoured to receive the Climetrics awards for the fourth year in a row, as they testify to the effectiveness and thoroughness of our environmental integration process, across geographies.”
La Banque Postale Asset Management and Mirova stand out as consistent performers, having won nearly 1 in 4 (23%) of all fund awards since the Climetrics Fund Awards began in 2018. French asset managers continue to dominate, with 40% of all 2021 awards, illustrating the superior performance of French asset managers in the transition to a net-zero economy.
15 of the 16 winning are managers part of the Net Zero Asset Managers initiative, now a $57.5 trillion group of most major global asset managers committed to net-zero aligned investment by 2050.
-ENDS-
Notes to editor
These are the fourth annual awards for Climetrics-rated funds. Climetrics rates 18,000 funds every month representing over €15 trillion, around 30% of the total assets of the global investment fund industry. The database is free-to-search at www.cdp.net/en/investor/climetrics.
For more information or interviews with CDP, please contact:
Joshua Snodin, CDP +4917645910909 | e : [email protected]
About CDP
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with over 590 investors with $110 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 14,000 organizations around the world disclosed data through CDP in 2021, including more than 13,600 companies worth over 74% of global market capitalization, and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP and on LinkedIn to find out more.
About Climetrics
Climetrics is the first rating that provides a holistic assessment of a fund’s climate-related risks and opportunities. It independently rates thousands of actively managed funds and ETFs and its ratings are free-to-search, providing investors with transparency on environmental risks and impacts when comparing funds. Climetrics looks inside each fund, measuring its portfolio holdings' exposure to environmental risks and opportunities, as well as the fund’s investment policy and the asset manager’s public action on climate change. It was developed by two recognized climate specialists, non-profit CDP and ISS-ESG. The project was catalyzed and funded by Climate-KIC, the EU's main climate innovation initiative. Climetrics rates 18,000 funds every month representing €15 trillion, around a third of the total assets of the global investment fund industry. The database is free-to-search at www.cdp.net/en/investor/climetrics