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At the end of 2015, the French public authorities set up two labels, a Socially Responsible Investment
(SRI) label and an Energy and Environmental Transition for Climate (TEEC) label, each of which meets
strict requirements to make financial products known as ” responsible “or” green “more readable. The
SRI Label guarantees that the SRI management process for labeled funds is structured, rigorous and
transparent. The TEEC label focuses on the financing of the ecological and energy transition and on the
“green part” of the activities of the companies selected in the portfolio.
The TEEC label of the fund HSBC Europe Equity Green Transition thus guarantees investors the
transparency and quality of the environmental characteristics of the fund’s management. Dominique
Blanc, Novethic Research Director, explains: “Supported by the ESG and Climate Research
teams HSBC Global Asset Management, the managers have built a rigorous eligibility framework for the
fund HSBC Europe Equity Green Transition. The chosen thematic approach is reinforced by regular
monitoring and dialogue with the companies in the portfolio. With these characteristics, the fund meets
the requirements of the TEEC label”.
HSBC Europe Equity Green Transition favors companies that, in their strategy, promote the
transformation of the energy and environmental model in the long term and more generally the energy
transition. The companies’ assessment is carried out according to the TEEC [[www.ecologique-solidaire.gouv.fr/label-transition-energetique-et-ecologique-climat]] criteria, which aim to
assess the environmental impacts of investments according to several themes such as climate change,
biodiversity, water management and natural resources. This fund of conviction invests in the themes of
the “green” economy. It is composed of European values (medium and large capitalizations) which allow
and will allow the decarbonization of the economy in a logic of transformation of the energy and
ecological model in the long term.
Bénédicte Mougeot, fund manager, explains: “Thus, the management process[[Overview of the overall investment process, which may differ depending on the product, the client’s mandate or
market conditions.]] of the
fund HSBC Europe Equity Green Transition aims to identify companies with a significant share of
revenues related to energy and environmental transition. Companies whose activities are linked to fossil
fuels and the nuclear industry are excluded. “
For Guillaume Rabault, Head of Investments at HSBC Global Asset Management (France): “Sustainable
finance is not a new theme for HSBC. As part of our management business, we have systematically
taken into account the Environmental, Social and Governance (ESG) criteria in our investment decisions
since 2007. We have also been proposing, for a long time, SRI and solidarity funds: our first SRI fund
was launched in 2000. The fund HSBC Europe Equity Green Transition is for customers who want to
direct their savings towards companies that are actively involved in the energy transition. It is consistent
with the Group’s climate approach. The principle of sustainability contributes to the long-term
development of our activities, notably by offering savings products that finance better practices in terms
of ESG issues and climate risk management. “
This labeling makes sense because it is part of a context in which 57% of French people are in favor
of their savings helping to fight against climate change and 44% say they are aware that global
warming is a risk for the financial system and for their savings[[IFOP survey conducted in partnership with WWF France: “Taking into account the issue of climate change in savings”. www.ifop.com/publication/la-prise-en-compte-de-la-question-du-changement-climatique-en-matieredepargne/]].
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