Ostrum Asset Management has long been involved in defining and implementing an ambitious responsible investment management strategy, which it applies across its entire investment process.
This approach aims to promote greater inclusion of non-financial criteria in investment decisions, complying with recommendations from the main international standards bodies, such as the United Nations Principles for Responsible Investment, where Ostrum Asset Management has been a signatory since 2008.
In keeping with this strategy, Ostrum Asset Management pledges to halt support for the tobacco sector, which is one of the worst offender sectors and runs contrary to the United Nations Development Program’s Sustainable Development Goals1 due to its particularly negative social, societal and environmental effects.
This pledge will apply to funds where Ostrum AM is investment manager, and all Ostrum AM’s teams are currently working together to:
- Continue rolling out the tobacco exclusion policy across all its SRI funds,
- Exclude tobacco from all its open-end funds,
- Engage with clients and discuss application this policy to their dedicated funds and/or mandates where Ostrum Asset Management is the investment manager.
This move reflects Ostrum AM’s aim to ensure that its business does not support the various sectors and issuers deemed to be worst offenders and where it applies sector policies and exclusion policies across its investment scope3.
This commitment also fully complies with pledges from parent company Natixis4.
1 Find out more about the Sustainable Development Goals at: http://www.undp.org/content/undp/en/home/sustainable-development-goals.html
2 Tobacco investments removed from all open-end funds as of June 30, 2018, apart from the most affected funds, which will gradually phase out investments in order to safeguard the interests of fundunit-holders, with full divestment by 2021 as stipulated in the funds’ prospectuses. The tobacco exclusion policy will be fully effective on money market funds after maturity dates are reached for holdings in this scope. This tobacco sector exclusion policy does not apply to funds of funds and tracker funds due to their specific features.
3 Find out more about Ostrum AM’s exclusion policies.
4 View the Natixis press release.
An affiliate of Natixis Investment Managers
Share capital €50 434 604.76
Regulated by the Autorité des Marchés Financiers (AMF) under no. GP 90-009
RCS Paris n°329 450 738
43 avenue Pierre Mendès France
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.