18 IN 2021, THE COVID-19 CRISIS AND COP 26 IN GLASGOW SEEM TO HAVE HAD THE EFFECT OF REINFORCING COLLECTIVE AWARENESS OF THE CLIMATE EMERGENCY WHICH INVESTORS ARE NOW REFLECTING IN THEIR INVESTMENT CHOICES. WOULD YOU ALSO MAKE THIS OBSERVATION IN 2021? The mere observation of the increase in assets under management on our responsible offerings reflects not only their quality and performance but also the enthusiasm of our customers. They are looking for meaning in their investments and they know that financial operators are essential vectors for directing flows towards projectswith a strongenvironmental and societal impact. Indeed, it is because they are convinced of their role that most major financial institutions have defined a strategy for climate action and the transition to a low-carbon economy. It should also be noted that the ecosystem is structured around an increasingly precise regulatory framework, whether it be European taxonomy, the SFDR (Sustainable Finance Disclosure Regulation), etc. CAN YOU REMIND US OF INDOSUEZ 'S POSITION ON THIS PARTICULAR ISSUE? Indosuez follows the policy pursued by Crédit Agricole, which has been a pioneer inmany respects and has demonstrated its involvement for over 20 years through its various commitments (signatory of the United Nations Global Compact since 2003 and of the Principles for Responsible Investment since 2006, founding member of the Green Bonds Principles since 2014, and a pioneer in climate finance for over 10 years). At the end of 2021, the Group specified its societal project around 3 priorities broken down into 10 commitments: to act for the climate and the transition to a low-carbon economy, to strengthen cohesion and social inclusion and finally tomake a success of the agricultural and agri-food transitions. Indosuez is honouring the objective set out in its business plan to build a comprehensive and innovative offering in favour ofmore SOCIETAL PROJECT sustainable development. To this end, a global line was created in 2019 to strengthen the supply side of our Societal Project and support practical community actions, often carried out by volunteering employees as part of specific tasks or through our foundations in France and Switzerland. In addition, last year we decided to allocate part of our outperformance fees to community-based initiatives. WHAT ABOUT RESPONSIBLE FINANCE AT INDOSUEZ TODAY? Following the launch in November 2019 of the Indosuez Objectif Terre international equity fund (classified as Article 9 under SFDR regulations), which invests in securities of companies involved in the fight against global warming and the preservation of natural resources, we continued to roll out our responsible offering in line with our ambitions. ESG criteria are now integrated into our various supportmethods (Advisory/Management under mandate), our processes for developing and selecting financial products (live securities, investment funds, structured products, private equity), ourmanagement and also our lending policy. We naturally pay close attention to the rating of our funds according to theSFDR regulation classification system. Today, 2/3 of the funds managed by our management companies are rated 8 or 9. Our range of structured products has also been enriched with a number of "green" products, mainly issued by Crédit Agricole CIB, and a Green Structured Products mandate. For example, in the summer of 2021, CFM IndosuezWealth Management, in collaboration with Crédit Agricole CIB, launched an innovative socially responsible finance offer, CFM Indosuez Océano. The campaign was approved by 81 customers and was accompanied by a donation to the Monaco Oceanographic Institute, a key player in the protection of the oceans and a partner of the bank. Finally, ESG criteria have been integrated into the selection of private equity fund managers and are now used in the management process. Since the end of 2021, the periodic portfolio statements commuWorking towards a more responsible and inclusive economy Virginie Bourgeois Head of Sustainable Development and the Societal Project, Indosuez Group Commi tment • Us e f u l ne s s • Impac t
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