Ostrum AM Supports the CDP Campaign
Ostrum AM, an affiliate of Natixis Investment Managers, is a member of the CDP – formerly the Carbon Disclosure Project – and has joined forces with a group of financial institutions for the second year in a row to urge the most impactful businesses worldwide to establish and disclose their emissions-reduction plans. These programs must be built on sufficiently stringent scientific data to be approved by the United Nations-backed Science-Based Targets (SBTi) initiative and comply with a 1.5°C climate warming scenario from July 2022.
As part of this international campaign, the CDP has teamed up with signatory investors to send letters to more than 1,600 companies that they invest in. Businesses targeted have a market capitalization of more than $41 trillion and make up more than 36% of the MSCI World Index.
Investors involved in this initiative represent 220 financial institutions across 26 countries and whose collective assets are worth close to $29.3 trillion, i.e. more than the GDP of the United States, China or the entire EU.
By way of reminder, the CDP, which coordinates the CDP Sciences-Based Targets campaign, is an international non-profit organization and has one of the largest worldwide databases of companies’ and cities’ environmental performances.
Ostrum AM plays its part in supporting this massive international mobilization by co-signing the letters sent to companies it invests in via its open-ended funds.
This collaborative engagement fits with our broader engagement strategy as both an equity investor and bondholder, and addresses our aim of supporting Sustainable Development Goals (SDG) 13, 14 and 15 on climate action, life below water and life on land
For Further Reading:
- COP 26: How can the Global Warming Mitigation Target be Achieved
- Ostrum AM Presses on With its Fight Against Climate Change
- Ostrum Asset Management Ramps Up its Coal Sector Withdrawal Policy
- Ostrum AM recognised again for its commitment to UN PRI
An affiliate of Natixis Investment Managers.
French Public Limited liability company with board of Directors.
Share capital €48 518 602.
Regulated by the Autorité des Marchés Financiers (AMF) under no. GP 18000014.
RCS Paris n° 525 192 753.
43 avenue Pierre Mendès France 75013 Paris, France.
www.ostrum.com
Natixis Investment Managers
Natixis Investment Managers is a subsidiary of Natixis.
Portfolio management company - French Public Limited liability company
RCS Paris n°453 952 681
Registered Office: 43, Avenue Pierre Mendes France – 75013 – Paris.
www.im.natixis.com
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