CSR - a fundamental component of Ostrum's identity

The fifth edition of Ostrum Asset Management’s CSR1 report, covering 2017 and 2018, has just been published. Performances over the past two years were once again applauded by excellent UN PRI scores, as we bolstered our approach across the key CSR aspects and also extended our commitment into some new areas.

Our world is in the midst of massive change and it is up to us to collectively address these fundamental issues. Not only climate change, demographic growth and resource depletion, but also the digital revolution and questions of diversity are all factors we must take into account in order to accelerate the transition to a more sustainable world.

Because it is the nexus of the economy, finance has an essential role to play and a responsibility to live up to. In our view, responsible finance, formerly a niche market, is fast becoming a market standard, while ESG integration is an inherent part of our role as asset managers.

At Ostrum Asset Management, our teams bring these convictions to life daily in their actions, as they have done for years, and approach this is reflected in the four key themes discussed in our 2017-2018 CSR report.

 

  • How do CSR criteria influence our role as asset managers?

We focus on integrating all ESG dimensions2 into our investment decisions, in keeping with the recommendations from the main international standards bodies, such as the United Nations Principles for Responsible Investment (UN PRI), where we have been a signatory since 2008. This approach is applied to all asset classes and asset managers use all means at their disposal to promote the emergence of a responsible economic and financial system, as we screen more than 90% of our assets for ESG criteria and manage €54bn using an intensive SRI or ESG management process.

  • What impact does this have on our client relationships?

Our clients are obviously our key priority, so as a market leader and a key advocate of responsible investment management, we particularly focus on offering them responsible products that take on board ESG aspects. Our fundamental analysis seeks to identify the potential impact of environmental, social and governance on issuers, as these criteria make a vital contribution to companies’ long-term performance and therefore impact the investment outcomes we provide for our clients.

  • What role does CSR play in our human resources policy and how are staff involved?

Human capital lies at the very heart of our strategy and this is reflected in our innovative and responsible human resources policy, which fosters teamwork and initiative, as well as cooperation and agility from our staff. Our management set-up has also been transformed to promote empowerment and streamline our processes.

  • How does Ostrum fit within its broader environment?

We apply Natixis’ policies in our everyday business, complying with regulatory requirements as we endeavor to act responsibly in all our practices. We apply the Code of Conduct drafted by Natixis in 2017, we work to combat corruption, encourage and support responsible behavior from our suppliers and staff, and work to curb our environmental footprint with our Paperless project and by compensating 100% of our CO2 emissions since 2016. We are also a committed sponsor to our new partner Planète Urgence.

Our approach may have changed and matured over the years, but our ambition remains the same. Yesterday, today and tomorrow, committed and responsible, Ostrum AM leads the way on ESG

Matthieu Duncan, Ostrum AM’s Chief Executive Officer

1 CSR: Corporate Social Responsibility.
2 ESG: International abbreviation used by the financial community for Environmental, Social and Governance criteria (ESG), which are usually the three key components of extra-financial analysis. Responsible investment management screens for these aspects when analyzing issuers.

View 2017-2018 CSR report

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