Lazard Frères Gestion signs UN PRI
Paris head-quartered Lazard Frères Gestion announced the company has signed the six principles set by United Nations for responsible investment. The firm integrated ESG factors in its funds management process ten years ago.
Axel Laroza, analyst-fund manager at Lazard Frères Gestion and responsible for French Sicav Objectif Investissement Responsable commented: “We are convinced that integrating ESG factors when analysing companies allows the improvement of risk management into helping to identify upstream extra-financial risks, especially reputation risks.”
Launched in 2001, the French Sicav Objectif Investissement Responsable outperformed its benchmark, Eurostoxx index, over 3 and 5 years.