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La Financière de l’Echiquier

La Financière de l’Echiquier is a global boutique asset management company headquartered in Paris with offices in Switzerland, Italy, Germany, Austria, Spain, and the Benelux countries. It joined the Net Zero Asset Managers Initiative on 29 March 2021 and its initial target disclosure was published on 1 November 2021.

Initial Target Disclosure: November 2021

50% of total AUM

initially committed to be managed in line with net zero

USD $17.4 billion

currently committed to be managed in line with net zero

Information on interim target(s) covering the proportion of assets to be managed in line with net zero

Baseline(s):

2020

Portfolio decarbonisation reference baseline

138.8tCO2/m€ of enterprise value

Target(s):

2030

Portfolio decarbonisation reference target

50% reduction in weighted average carbon intensity (WACI) vs baseline = 70tCO2/m€ of enterprise value

GHG scopes included:

We will use data on scope 1 and 2, and scope 3 when available with our data provider Carbon 4 Finance which prioritize the bottom up analysis of high carbon intensive sectors.

Methodology:

Net Zero Investment Framework

Scenario(s):

P2 emission pathway of the IPCC 1.5-degree report

Additional information

Proportion of AUM committed:

50% AUM corresponds to our SRI funds for which carbon emissions reduction is part of the investment philosophy and customer demand. It is consequently the maximum proportion for which we are confident to reach the targets. We are working with fund managers to increase the proportion of SRI AUM.

Policy on coal and other fossil fuel investments:

Yes, for more information see our coal policy.

Further information:

Target setting: We commit to reduce the carbon intensity of our portfolios by encouraging companies to reduce their emissions through engagement rather than selection or allocation. We monitor the carbon footprint of each of our portfolios through our data provider Carbon 4 Finance and identified the most emissive issuers within our scope who become our priority for engagement.

Finally, we aim to increase our investments in climate solutions companies