2024 Corporate Social Responsibility Report
Discover our 2024 Corporate Social Responsibility Report
Our Mission Statement: To extend our clients’ commitments through investment in order to help ensure the life, health and retirement plans of Europe’s citizens.
OUR CORPORATE RESPONSIBILITY: ASSISTING WITH TRANSFORMATION
We place corporate responsibility at the core of what we do as asset managers and the way we operate as a company.
We have been committed to responsible investment for many years now, endeavouring to build lasting relations with our clients on the foundations of responsibility and transparency while also being an exemplary employer and a company capable of contributing positively to our society.
Pillar 1: MAKING OUR EMPLOYEES THE DRIVERS OF OUR TRANSFORMATION
Ostrum AM places employee engagement at the very core of its CSR strategy by providing staff with what they need to become actively involved in our relations with our various stakeholders. They therefore participate in any changes being made to our business lines and to our commitment to rise to the major challenges facing our society and the environment.
At the same time, we continue to roll out our responsible employer policy in an effort aimed particularly at promoting the inclusion of all forms o diversity within our workforce and giving each of our employees an opportunity to develop their skills.
OUR PRIORITIES IN 2024
- Involve employees in our corporate life and corporate culture more fully;
- Guide our employees through corporate changes by setting up transformative projects;
- Promote diversity and inclusion in all its forms.
Key Figures
- 95.3% of staff members having received training
- 38% of women in the asset management teams
- 7.9% share of disabled employees
Our 2025 Goals
- Keep our employees engaged thanks to a clear and transparent strategic vision, and provide them with a full understanding of how we operate;
- Keep our corporate culture alive;
- Help our employees develop their skills;
- Promote diversity and inclusion in all its forms.
Pillar 2: GUIDING OUR CLIENTS TOWARDS A MORE RESPONSIBLE FORM OF INVESTMENT
A RESPONSIBLE AND BESPOKE RANGE OF SOLUTIONS
Each of our clients is unique. Our organisation, experts and information system therefore seek to cater precisely to the specific features of their responsible investment policy.
As asset managers we are committed to advising them by sharing our investment convictions with them and by offering them access to our range of open-ended funds, which applies our responsible investment policy in the strictest of terms.
Meanwhile, we adapt their ESG policies to their dedicated funds and investment mandates. In an effort to meet their needs, we keep them informed of any regulatory developments and of the consequences these might have for their portfolios, and we guarantee that we will communicate with them in a clear and transparent manner.
Key Figures
- €42bn of assets invested in green, social and sustainability bonds
- 100 %des demandes de labellisation des clients satisfaites
Our 2025 Goal
- Help our clients achieve their decarbonisation targets;
- Roll out a range of transition-centric products;
- Launch a sector policy addressing pesticides to promote biodiversity conservation through our investments, following on from the publication of our Palm Oil policy;
- Pursue our continuous improvement drive in order to ensure that we meet our clients’ needs.
Pillar 3: ASSISTING ISSUERS WITH THEIR TRANSFORMATIONS
As an asset manager, we are responsible for steering share and bond issuers towards best practice in the environmental, social and governance arenas.
For this purpose, we make use of:
- regular and constructive dialogue with issuers;
- engagement initiatives;
- a strict voting policy.
We kept the same engagement themes in 2024 as in the previous year, with priority given to the climate and biodiversity. We also drafted a first definition of our escalation process as part of our engagement policy. We are currently fleshing out the definition of this escalation process.
We paid particularly close attention to say-on-climate resolutions when applying our voting policy.
We also stepped up our dialogue with governments.
Key Figures
- 153 engagement initiatives in 2024
- 97 companies were engaged as part of an engagement mission
Our 2025 Goals
- Reinforce the way in which we direct our engagement initiatives and measure their outcomes;
- Consolidate the escalation process and its governance.
Pillar 4: PROMOTING PROGRESS IN THE MARKET PLACE
Ostrum AM is resolutely committed within the financial marketplace helping the asset management industry transition towards more responsible
investment practices:
- We are active participants in efforts to establish CSR-SRI standards;
- We are involved in specific financial market initiatives;
- We apply a robust ESG risk and control policy.
Key Figures
- 13 collaborative initiatives were carried out, of which 5 were joined in 2024
Our 2025 Goals
- Step up our involvement in financial market initiatives;
- Assign CSR targets to 100% of Executive Committee members.
Pillar 5: CREATING A POSITIVE IMPACT ON OUR ECOSYSTEM
Ostrum AM wishes to build a more sustainable economic and financial development model. We apply the same standards required of our investee companies to ourselves and thus strive to be exemplary in the way we operate as a company.
We are also eager to contribute positively to civil society. Accordingly, our employees play a leading role in our approach to corporate responsibility, whether by managing resources in a responsible manner, recycling materials, applying ethical business practices or participating in our patronage activities.
Key Figures
- 69% reduction in energy consumption versus 2019
- Carbon footprint: 8.1t CO2 equivalent per FTE
- 31,600 cigarette butts collected in 2024 i.e. 15,800 m3 of water protected
Our 2025 Goal
- Implement our new sustainable mobility charter.
