Lyxor is joining the international initiative Climate Action 100+ as investors make increasingly stringent demands on companies for tangible contributions to stopping climate change.
Launched in December 2017 at the One Planet Summit, Climate Action 100+ is a collaborative initiative that has now united almost 300 investors (representing over USD 30 trillion in AUM) and created a focus list of more than 160 major greenhouse gas emitting companies worldwide.
Each Climate Action 100+ signatory makes a commitment to open a dialogue and collaborate with companies to ensure they implement an appropriate governance for the global climate change stake. Following from its commitment to be an active shareholder through the vote on general meetings, Lyxor will require the companies it monitors to define and communicate greenhouse gas emissions reduction goals and improve climate-related reporting.
Already part of the Climate Bond Initiative, Lyxor continues to build its own contribution to the fight against climate change with this new commitment. Lyxor is the only European provider to offer ETFs that invest in four of the United Nations’ Sustainable Development Goals (clean water and sanitation, affordable and clean energy, climate change and gender equality).
Lyxor has also developed proprietary methodology for measuring ESG and climate indicators (including carbon footprint) that enables dynamic portfolio tracking by investors, thus responding to the demands of end investors and those of stakeholders and regulators.
In 2018, Lyxor received the highest possible rating of A+ in Strategy & Governance on a UN Principles for Responsible Investment assessment.
Florent Deixonne (pictured), Head of SRI at Lyxor Asset Management, says: “By joining Climate Action 100+, Lyxor becomes part of a community of investors who are asking companies to commit to concrete low CO2 emissions goals. This initiative is a perfect expression of Lyxor’s desire to strengthen its involvement as a shareholder, which is a key process in integrating ESG priorities and pushing companies to adopt more sustainable practices.”