LBP AM strengthens its fossil fuel policy

As part of their ongoing alignment and commitment to the energy transition and transition risk management, LBP AM and its subsidiary La Financière de l’Échiquier (LFDE) have published a new common sector policy on the oil and gas industry.

This policy sets out shared ESG standards and practices for investments in companies and projects within the sector.

A unified policy with reinforced exclusions

It outlines our perspective on climate, biodiversity, and human rights issues in the oil and gas sector, and how these are integrated into our analysis, engagement, voting, and exclusion strategies.

For LFDE, this policy significantly expands the scope of sustainability issues addressed and the levers of action deployed. For both LBP AM and LFDE, the updated policy introduces additional exclusions targeting companies involved in new oil and gas developments. These exclusions have been applied since January 1, 2025, to a portion of our UCITS funds—specifically, those with the French ISR label and fixed income funds.

This initiative marks a key milestone in LBP AM’s commitment to assess the implementation of its fossil fuel policy in 2025 and to align its investments with the Paris Agreement objectives by 2030.