La Banque Postale Asset Management has been awarded the French public authority-backed socially responsible investment label for seven of its strategies.
This raises to 18 the number of LBPAM’s funds that have been labelled. The newly labelled funds include: Fédéris ISR Actions US, Fédéris ISR Crédit, Fédéris Trésorerie, LBPAM Actions Entreprises, LBPAM IRC Actions Euro Min Var, LBPAM Multi Actifs ISR, LBPAM Taux ISR.
Daniel Roy, chairman of LBPAM’s board, said the labeling of the funds was coherent with the manager’s policy and commitment to develop a conviction SRI framework.
LBPAM had €109bn of SRI assets under management as of 31 December 2017, forming half of its total AUM (€216bn).
Last October, the French manager appointed Luisa Florez as head of SRI Research.