Fortuna AMC has specialist expertise in assessing and addressing Environmental, Social and Governance (ESG) issues for asset managers.

We consider ESG primarily from the perspective of potential risks and opportunities for investors, although a consistent and aligned ethical dimension is an integral part of a holistic approach to sustainable investing.

ESG investing is not simply compliance with existing laws. It represents a conscious strategy to go beyond minimum compliance requirements to achieve ambitious targets, with a programme of continuous, accountable improvement.

Latest ESG blog posts

July 11, 2018

The old debate continues about whether ‘ethical’ or ‘socially responsible’ investment approaches and techniques are compatible with optimal returns, and whether managers’ and trustees’ primary fiduciary duty is to maximise returns.

End investors have complained that advisers often fail to offer SRI or ESG (Environmental, Social and Governance) solutions – either because they are not incentivised to do so, or because they expect...

June 27, 2018

Regulatory changes, increased availability of quality data, and demographic shifts resulting in more Millennials and women looking to align their values and assets, have prompted a surge in the number of institutional investors interested in responsible investing initiatives, according to a new survey from Aon, the global professional services firm.

The poll of 223 institutional investors around the world, including endowments,...

June 18, 2018

Responsible management of any supply chain is essential to the sustainable development of a business. Managing suppliers and subcontractors is particularly effective in addressing the still numerous business risks, both social and environmental.

Everyone remembers the collapse of Rana Plaza in Bangladesh in 2013, which galvanized the textile sector, or more recently, the scandal of contaminated milk in France. Compliance within...

June 15, 2018

French ESG asset manager La Financière Responsable (LFR) has added the French utilities firm Vinci to its portfolios.

Uniquely in its sector, the group has combined two businesses with real complementarity: cyclical construction activity, and concession activity characterized by its stability, ensure the durability of Vinci’s international development. In addition, the synergy allows Vinci to be more competitive. Its volume cos...

May 16, 2018

As part of its review of portfolio values, the Investment Committee at Paris-based asset manager La Financière Responsable has updated its analysis of the French distribution group Carrefour. 

The company is often criticized, but it has emerged as an exemplary actor in terms of ESG practices and communication. LFR now ranks it as a sector leader, according to LFR’s proprietary socially responsible investment methodology.
 
Carr...

April 23, 2018

Water has always been essential both for human life and for economic activity. Its importance has been overtaken in recent years by the issue of CO2 emissions, but corporate water use and conservation is again becoming a critical concern for investors.

Water is a strategic asset for general sustainable development and therefore La Financière Responsable (LFR) is committed to selecting quality companies that take this environmen...

March 23, 2018

Green bonds have had a strong start to 2018 and there seems little in the way of further expansion.
Here is a brief primer on the market.


What are Green Bonds?

Green bonds were created to fund projects that have positive environmental and/or climate benefits. Most are green “use of proceeds” or asset-linked bonds. Proceeds from these are ‘earmarked’ for green projects and backed by the issuer’s entire balance sheet. 


How does t...

March 7, 2018

March 8 marks International Woman’s Day. French asset manager La Financière Responsable (LFR) explains how it assesses gender issues for corporate structures, as part of its Ecosociale® Footprint analysis.

Gender issues in the workplace often spark passionate discussions but we base our views on precise and quantified analysis of each stock and sector. In the three stock universes we monitor -- the FCP LFR Euro Développement Du...

February 14, 2018

In the Financial Times of January 18, 2018, (https://www.ft.com/content/b4870bd2-fab6-11e7-a492-2c9be7f3120a) British fund industry veteran Terry Smith of Fundsmith criticised investment structures that offer ‘sustainable’ investing opportunities. He claimed they fail on two counts: 1) they are not actually invested ‘ethically’ and 2) returns still lag comparable mainstream funds. Below is a response from Zoe Vanderwolk of QUA...

February 14, 2018

La Financière Responsable is a specialist ESG asset manager with an award-winning approach to integrating financial and extra financial analysis. Investors and analysts are sometimes unsure as to what constitutes extra financial information, and how it should be interpreted. Drawing from its Ecosocial Footprint (Empreinte Ecosociale®) database, LFR is publishing a series of Blogs showing how selected ESG indicators are defined...

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