La Banque Postale Asset Management expands its energy transition line with a new global fund: LBPAM ISR Global Climate Change

As a leader in responsible investment and a first-tier player in financing the energy transition in Europe, La Banque Postale Asset Management (LBP AM) is expressing its commitment further by launching LBPAM ISR Global Climate Change, an SFDR Article 9 classified fund. Based on a methodology already proven on a European scale with the LBPAM ISR Actions Environnement fund, this new fund will target, on a worldwide scale, those companies that, in the management company’s view, are virtuous, transitioning or providing concrete solutions to the five ‘Ds’ of the energy transition – Decarbonation, Democratisation, Decentralisation, Digitalisation and Detoxification.

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With the considerable investment needed to meet hopes of limiting the rise in worldwide temperatures to no more than 2°C by 2050, the energy transition is a market with great growth potential, with different profiles based on countries’ various stages of development. Everywhere, the need to transform companies and consumer habits, and to develop new regulations requires the development of new technologies, new business models and changes in modes of production. 

Convinced that it has a role to play in this transition, in 2009 LBP AM launched a first, European-based fund – LBPAM ISR Actions Environnement, which has been awarded the Climetrics first prize three times and has more than 1 billion euros under management.

With €4bn in assets under management in sustainable thematic management , including €2.8bn  in the energy transition, LBP AM has relied on its strong capability in this theme in launching its new LBPAM ISR Global Climate Change strategy. Exposed to all the world’s equity markets, this new fund selects companies generating at least 20% of their revenues or EBITDA  in one or more of the UN’s six Sustainable Development Goals for 2030: 

o    Renewable energies, 
o    Sustainable agriculture and food, 
o    Green buildings, 
o    Sustainable transport and mobility, 
o    Circular economy,
o    Environmental services and solutions. 

Financial management of LBPAM ISR Global Climate Change has been delegated to Tocqueville Finance. Concentrated on a portfolio of about 40 stocks, it is managed by Alvaro Ruiz-Navajas and Mehdi Chaiti, who together have 20 years’ experience on the Tocqueville Finance asset management team.

[1] As of 31 December 2021
[2] As of 31 December 2021
[3]Earnings before interest, tax, depreciation and amortisation
 

Fund characteristics 

• ISIN code: FR0010940882
• Benchmark currency: EUR
• Current KIID fees*: 0.90%
• Fixed management fees: 0.80%
• No minimum amount

* fixed management fees + transaction fees + indirect fees”