Three additional Carmignac funds secure ISR label
Carmignac has secured ISR accreditation for three additional funds – Carmignac Portfolio Patrimoine Europe, Carmignac Portfolio Emergents and Carmignac Euro-Entrepreneurs.
This brings the number of ISR labelled funds to eight, representing nearly EUR4 billion of assets under management as of 31 May, 2021.
Sandra Crowl, Stewardship Director, says: “These new accreditations are a milestone in our long-standing Responsible Investment journey. Today all Carmignac funds integrate ESG analysis in our investment process through our proprietary system START. Being an active and independent asset manager, we strongly believe that effective management of ESG factors is inherently linked with long-term performance and risk management and is key to efficiently manage our clients’ savings over the long term”.
The ISR label was created in 2016 by the Ministry of the Economy and Finance in France in a bid to enable savers, as well as professional investors, to distinguish between investment funds implementing a robust socially responsible investment methodology, leading to measurable and concrete results.
Since its creation, the label has been awarded to UCITS invested in shares and/or bonds, to which retail clients can access in particular with life insurance contracts.