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Union Bancaire Gestion Institutionnelle (France) S.A.S. (“UBP Asset Management (France)”) is an investment portfolio management company that has been registered with the French Autorité des marchés financiers (Financial Markets Authority) since 2 September 1998 (registration number 98041). UBP Asset Management (France) was created in 1998 as the French subsidiary of UBP Asset Management (Europe) S.A. and is also affiliated to the French Asset Management Association (AFG).
The UBP Group signed up to the United Nations Principles for Responsible Investment (UNPRI) in March 2012. Since then, it has developed its Responsible Investment Policy (RI Policy) and gradually integrated environmental, social and governance (ESG) criteria into its investing. Since 1 January 2018 the UBP Group has been expanding its RI policy and strengthened its process for selecting and filtering the companies in which it invests, in particular by clarifying the ESG criteria it takes into account, the internal governance structure of its RI approach, and its investment processes (with an exclusion list, an inclusion list, and a watch list).
UBP Asset Management (France) applies the UBP Group's policy, including ESG criteria, to the portfolios it manages (see list below), at different levels:
Managers may also use non-financial data to increase their knowledge of the issuers they are following.
We have been running a RI strategy since 2012 for one of our convertible bond funds, Convertibles Europe Responsable, which is managed entirely according to responsible investment principles (see the RI transparency code). We also provide investors with ESG reporting as per regulations and specifically in application of Article 173 of the French energy transition law.
* This business may generate retrocessions on part of the fees charged by the UCITS.
** As at 31 December 2017.
At UBP Asset Management (France) we apply our RI policy to the funds listed below, which accounted for 53% of assets under management as at 31 December 2017. Other collective investment schemes we manage are (i) reserved funds, for which the RI policy must be approved by the investors, or (ii) funds whose management we have delegated, in which case the investment policy that applies is that of the third-party manager.
Funds to which UBP Asset Management (France) applies its RI policy:
This paragraph is updated annually.
ESG reporting as at 31 December 2017
As per applicable regulations and UBP’s internal directives, UBP Asset Management (France) has implemented a voting policy suited to its activities. This policy stipulates the circumstances in which we intend to exercise the voting rights that come with ownership of shares in the UCITS we manage. This policy is available upon request from the management firm.
The report on the exercise of voting rights for funds managed by UBP Asset Management (France) is also available from the management company upon request.
UBP Asset Management (France)
116, avenue des Champs-Elysées,
75008 Paris, France
Tel.: +33 1 75 77 80 80