Convinced that investors have a role to play in building a sustainable future, we have set an ambitious target: 80% of our total assets will be aligned by 2030 with a decarbonization target compatible with the objectives of the Paris Agreement.
LBP AM supports companies of which it is a shareholder in their decarbonisation trajectory, in both defining that trajectory and enhancing the ones they have already begun. This exacting shareholder dialogue targets compliance with a +1.5° scenario.
LBP AM excludes from its investments companies whose revenues are more than 20% exposed to non-conventional energies, as well as those companies that have not yet begun their energy transition.
BP AM has also developed a complex analytical tool that integrates greenhouse gas reduction targets, business model changes and consistent governance for the assets selected.
Through various funds, including LBPAM ISR Actions Environnement, Tocqueville Global Climate Change ISR and the LBPAM Infrastructure Debt Climate Impact Fund, the LBP AM Group contributes to financing energy transition solutions. More generally, all our funds are committed to a decarbonization process, with the aim of achieving a trajectory compatible with the objectives of the Paris Agreement by 2030.
LBP AM's fossil fuel investment policy is based on two principles:
Expanding exposure to companies involved in decarbonating energy supplies (coal, oil and natural gas) is a first step, before more specifically targeting sectors that are heavy energy consumers.
LBP AM has developed robust analysis and evaluation tools (alignment, sustainability) to help it achieve its ambitious targets, backed by the acquisition of external databases tracking companies' climate performance. In addition, companies' climate targets are verified and validated by an external body (the SBT initiative, Science Based Targets) to ensure that they are compatible with the CO2 emission reduction scenarios required to meet the objectives of the Paris Agreement.