One of the major phenomena that accompanies globalization has been the widening of economic
\ninequality around the world in recent decades. Between 1980 and 2018, globally, the incomes of the
\nrichest 1% increased twice as much as that of the poorest 50%. In addition, several studies show that
\nthe rise of inequality worldwide has negative effects on growth.[[\u201cTrends in income inequality and its impact on economic growth\u201d, 2014, OECD Social, Employment and
\nMigration working papers \/ \u201cInequality overhang\u201d, 2017, IMF working paper]]\n
Inequality is also at the root of populist political agendas and social unrest movements, which have
\npowerful negative consequences for markets. Investors are becoming conscious of the risks related to
\nrising inequality, but until now lacked the appropriate investment solutions to address them. <\/p>\n
CPR Invest – Social Impact<\/strong> provides the opportunity to put their savings to work helping to reduce CPR Invest \u2013 Social Impact<\/strong> is an actively managed global equity fund, non-benchmarked, containing Inequalities as a holistic phenomenon<\/strong><\/p>\n Inequalities must be understood holistically and should not be limited to income gaps or gender As inequalities must be assessed at country level first, the management team designed evaluation Proprietary \u2018inequality\u2019 scoring combined with Amundi\u2019s ESG scoring<\/strong><\/p>\n CPR AM\u2019s scoring methodology is the result of two years of research and will use a scoring scale from The methodology is based on three principles:<\/p>\n Val\u00e9rie Baudson, CEO of CPR Asset Management, said: “The increasing tensions in our societies Jean-Jacques Barb\u00e9ris, Head of Institutional and Corporate Clients Coverage at Amundi, added: \u201cMuch like the environment, social inequality is the critical issue for the 21st century. Investors should CPR Asset Management, the thematic equities arm of the largest European
\ninequalities and generate a positive social impact along with potentially higher financial returns. More
\nsocially aware companies should prosper since they will find it easier to attract capital, human talent,
\nconsumers and regulatory approval, while businessesthat do not help to reduce inequalities are likely
\nto face greater regulatory, political and reputational risk.<\/p>\n
\naround 70 stocks. It will utilise an internal scoring methodology for companies and the countries
\nwhere they are based, using 40 criteria. The investment objective is to outperform global equity
\nmarkets over the long term (minimum five years), by investing in companies that are participating in the reduction of inequalities in their countries of establishment. Thematic equity portfolio managers,
\nYasmine De Bray and Eric Labb\u00e9, will co-lead the management of this fund.<\/p>\n
\ndisparities.
\nInstead CPR AM proposes a holistic definition of inequalities is based on five pillars: Labour
\n& Income, Health & Education, Diversity, Taxation, and Human Rights & Access to Basic Needs.<\/quote><\/p>\n
\ncriteria for countries (e.g. progressiveness of the tax system, legal minimum wage, share of total
\nexpenditure on health and education as a percentage of GDP, legal provisions to combat
\ndiscrimination, workers\u2019 rights). They then compile an inequality score for 3,000 companies (e.g. pay
\ndifferentials, working conditions, diversity policy, tax optimisation, employee training). This way,
\ncompanies are assessed according to their efforts in reducing inequalities in the countries where they
\nare headquartered.<\/p>\n
\nA to E to assess companies based on 17 criteria and countries using 22 criteria. Data sources will be
\nfrom recognised providers and organisations.<\/p>\n\n
In addition to the \u2018inequality\u2019 scoring, CPR AM\u2019s ESG methodology assesses whether a particular
\ncompany is to be included in the fund\u2019s investment universe. Filters are applied to businesses involved
\nin major ESG controversies, as well as on any company that scores poorly on both overall ESG criteria
\nand underlying social criteria (S).<\/quote><\/p>\n
\nillustrate the pressing need for a transition to a fairer economic model. As an asset manager, we seek
\nsolutions that are concrete and relevant to social issues, and to fulfil our fiduciary duties. We believe
\nthat investing in listed companies that pay attention to social issues is a driver of value creation over
\nthe long term. CPR Invest \u2013 Social Impact provides investors with a unique solution taking into account
\nthe financial risks associated with inequalities and making it possible to contribute to reducing them
\nthrough their investments.\u201d<\/em><\/p>\n
\nintegrate this dimension in their decisions. No one can substitute government action, but companies
\nand investors do have a role to play. While the topic is complex, we offer investors a transparent
\nmethodology capable of selecting companies based on their participation in remedying social inequality. We hope this innovative approach will encourage the entire investment community to
\nquestion their existing strategies and spur them to act fast.\u201d<\/em> <\/p>\n","protected":false},"excerpt":{"rendered":"
\nasset manager Amundi, has launched a fund dedicated to tackling social inequalities, adding to CPR
\nAM\u2019s \u20ac10 billion thematic equities range.<\/p>\n","protected":false},"author":20,"featured_media":89873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1471],"tags":[1655,1826,1682,1651,1711,1437,1691,1877,1453,1650,1952],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/89875"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=89875"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/89875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/89873"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=89875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=89875"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=89875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}