SG 29 Haussmann expands its range of SRI labelled funds
SG 29 Haussmann, the private client asset management company of Societe Generale Private Banking France, has been awarded the SRI label by the French government for three of its historical strategies.
Expansion of the SRI (Socially Responsible Investment) funds range
After obtaining an initial label for its fund "29 Haussmann Sélection Europe" in November 2019, SG 29 Haussmann is expanding its range of SRI solutions by labelling three more of its funds, "29 Haussmann Euro Rendement", "29 Haussmann Equilibre" and "29 Haussmann Sélection Monde". These new labels bring the management company's SRI assets under management to 2.4 billion, or 30% of assets under management (at end-November 2020). The French government's SRI label was launched by the Ministry of Economy and Finance in August 2016. It is the result of a strict labelling process conducted by two independent organisations (Afnor Certification and EY France)(1). It aims to offer investors greater visibility on SRI products, while ensuring that their management is based on solid methodologies with a strong requirement for transparency and quality information. It distinguishes "investments that aim to reconcile economic performance with social and environmental impact by financing companies and public entities that contribute to sustainable development, regardless of their sector of activity"(2).
Conviction-based asset management, committed to sustainable and responsible finance
"All of our labelled funds have a patrimonial character associated with conviction-based management. The integration of extra-financial criteria into the process is an integral part of our investment decisions. It takes into account numerous ESG (Environmental, Social and Governance) criteria that enable us to make informed stock choices in the same way as traditional financial criteria" says Guillaume de Martel, Executive Chairman of SG 29 Haussmann.
"This is an important step that allows us to reaffirm our commitment to support our clients in their sustainable investment approach and to accelerate our transition towards more responsible finance" adds Mathieu Vedrenne, Head of Societe Generale Private Banking France.
In the summer of 2020, SG 29 Haussmann confirmed this commitment by signing the United Nations Principles for Responsible Investment (UN PRI). The UN PRI is the world's most important responsible investment initiative. Their objective is to encourage the international network of signatory investors to integrate ESG factors into their investment and ownership decisions.
By expanding its range of SRI-labelled funds, SG 29 Haussmann is continuing along this path and taking a major step forward in our ambition to be a private bank with a positive impact.
To find out more about SRI labels, see our article "SRI-labelled investment solutions: how to find your way around?" And to learn more about SRI, check out our series of podcasts on 'Understanding Responsible Investment', available on our website and live on Spotify and Apple Podcasts.
(1)For more information on the SRI label, go to www.lelabelisr.fr.
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This document has been prepared on the basis of sources that SG 29 Haussmann and Société Générale Private Banking consider reliable and accurate at the time of its production. All information mentioned in this document is subject to change without notice. SG 29 Haussmann and Societe Generale Private Banking cannot be held liable for any decision taken by an investor on the basis of this information.
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The DICI is also available on the website sg29haussmann.societegenerale.fr and on the AMF website (www.amf-france.org).
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Societe Generale is a French bank authorised and supervised by the Autorité de Contrôle Prudentiel et de Résolution, located at 4 Place de Budapest, 75436 Paris Cedex 09, under the prudential supervision of the European Central Bank (ECB) and registered with the ORIAS as an insurance intermediary under number 07 022 493, orias.fr. Societe Generale is a French public limited company with capital of EUR 1,066,714,367.50, whose registered office is located at 29 boulevard Haussmann, 75009 Paris, and whose unique identification number is 552 120 222 R.C.S. Paris. SG 29 Haussmann is a portfolio management company approved by the Autorité des Marchés Financiers, under no. GP 06000029, Société par Actions Simplifiée, with a capital of EUR 2,000,000, having a unique identification number of 450 777 008 RCS Paris, whose registered office is located at 29 Boulevard Haussmann, 75009 Paris. Further details are available on sg29haussmann.societegenerale.fr.
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