Ofi Invest Asset Management steps up its commitment to biodiversity by publishing its biocides policy
Ofi Invest Asset Management announces that it is publishing its policy on biocides and dangerous chemicals as part of its overall biodiversity strategy. The policy will come into effect on 1st January 2024 and be revised each year thereafter.
“Ofi Invest Asset Management intends to take action towards protecting biodiversity more effectively and we have therefore added a new component to our commitment to preserving and protecting nature; this component seeks to tackle the pollution and harm to species caused by biocides, neonicotinoids and other dangerous chemicals as well as the damage to the environment and health for which these substances are responsible”, explains Eric Bertrand, Chief Investment Officer at Ofi Invest Asset Management.
Our policy consists of exclusions targeting biocide and neonicotinoid producers. We will also be launching awareness campaigns and engaging in dialogue with the main biocide suppliers and with other companies involved in major controversies due to the environmental and health impact caused by the manufacture, use and discharge of dangerous or toxic chemicals or substances.
The policy is available in more detail here.
As Aéma Groupe’s asset management entity, Ofi Invest AM manages a number of investment mandates on behalf of MACIF and Abeille Assurances to which this policy will apply as from 1st January 2024.
Ofi Invest Asset Management had already adopted a first policy, applicable to palm oil, on 1st January 2023.
This new policy reinforces Ofi Invest Asset Management’s pledge to protect our planet’s natural capital and tackle biodiversity loss. This commitment also takes the shape of:
- Collaborative work with financial market bodies such as CDC Biodiversité and Club B4B+;
- Membership of initiatives such as the Finance for Biodiversity Pledge, the Sustainable Blue Economy Finance Principles and the Nature Action 100 coalition, of which Ofi Invest AM was a founding member in 2023;
- Engagement action on the themes of plastic, palm oil and animal proteins;
- Efforts to address biodiversity-related issues by assigning ESG (Environment, Social and Governance) ratings, monitoring controversies and carrying out research into innovative solutions that have a positive impact on nature.
About Ofi Invest Asset Management
Investing in companies that create sustainable value for everyone - that’s one way to give the future a new dimension.
Ofi Invest Asset Management is a company of Ofi Invest group, which in turn, is a member of Aéma Groupe (Macif, Abeille Assurances and AÉSIO mutuelle) Total consolidated assets managed under the new Ofi Invest Asset Management brand came to 163.5 billion euros as of the end of June 2023 - assets managed on behalf of institutional, professional, and individual clients, both French and international.
Through its closely held convictions as a responsible and engaged investor, Ofi Invest Asset Management offers a broad range of responsible investment strategies in all listed asset classes. These allow its clients to use their investments to finance the development of a virtuous economy that is a source of opportunities and performance.
By bringing together the capabilities of Ofi Invest group’s asset management companies (the fifth-largest French asset manager(1)), Ofi Invest Asset Management provides access to a broad range of investment solutions in both listed and non-listed assets, extensive experience in bespoke asset management, and services adapted to various investor types. All of which make this new player a first-tier choice in managing your assets.
Ofi Invest, a new dimension for the future.
www.ofi-invest-am.com
Importante information
The information and opinions reflected in this document are to be used solely by the press and financial media. This promotional document contains items of information and quantified data that Ofi Invest Asset Management considers to be valid or accurate on the day they were established. Unless otherwise indicated, the views and opinions expressed in this document are those of Ofi Invest Asset Management. Published on 22/12/2023 by Ofi Invest Asset Management, a portfolio management company (APE 6630Z) governed by French law and certified by the Autorité des Marchés Financiers (AMF) under n° GP 92-12 – FR 51384940342, and a public limited company (société anonyme) with a board of directors and share capital of 71,957,490 euros, whose registered office is located at 22 rue Vernier, 75017 Paris, registered in the Paris Trade and Companies Register under number 384 940 342.