Protecting the oceans: much more than a new investment topic. Photo: Adobe Stock
As we celebrate World Oceans Day in June, take a look at some of the marine biodiversity-driven asset management industry initiatives.
Investor responsibility: management companies sound the alarm
Not so long ago, financiers mostly observed and commented on central bank interventions, the Berkshire Hathaway annual general meeting, or the company’s results. From now on, they are also interested in the United Nations Framework Convention on Climate Change (COP21, COP26, etc.) or recently at the One Ocean Summit last February. “Not all investors can ignore this, as shown in Article 29 of the French Energy and Climate Act, which obliges financial investors to report on biodiversity from 2022 (measuring the biodiversity footprint and contributing to biodiversity loss),” emphasizes Jean-Philippe Desmarten, Director of Responsible Investment Edmond de Rothschild AM: In fact, those who talk about biodiversity say that the ocean is the home of biodiversity and the regulator of climate.
But it’s only been a few years since we started hearing more about biodiversity. “Plastic pollution has only been talked about since the BBC documentary Blue Planet highlighted the damage to the oceans, but it has always been a problem. Today, much of the population is concerned about this, and, not surprisingly, the Covid crisis has accelerated this phenomenon. The younger generation seems to be very interested in these issues: it’s obvious to most of the people we’re recruiting today, “said Gabriel Micheli, senior investment manager and global environmental manager at Pictet AM, who wouldn’t bet. a sudden change in this direction ten years ago.
Protecting the oceans is the foundation of investment strategies
Some management companies directly integrate these issues into their investment approach. Following the publication in 2019 of the footprints of “water”, “balanced nutrition” and “social for a fair transition” of the joint-stock fund of the series “Sustainable Transition”, Meeschaert Amilton AM publishes from 2020 “Footprint of the Ocean” within the IAM Foundation. Constant transitional actions. It addresses the environmental and economic challenges of conserving the world’s oceans, as well as the solutions provided by companies invested in the fund to reduce the pressure on marine biodiversity. “This sheds new light on the impact of wastewater discharges and the effects of overfishing on marine biodiversity,” said managers Guillaume Shaloan and Aurelien Tybe, who seek to invest in innovative companies that address key factors in ocean degradation (plastic pollution, proliferation). , overfishing and sewage and contaminated water pollution).
Recently, some players have even offered funds for ocean conservation strategies, such as the DWS Concept ESG Blue Economy, launched in March 2021, or CPR Invest – Blue Economy, which was approved a few days ago. Thus, players are confident in the future of this offer. “This is a thematic, influential SFDR fund under Article 9: it has all the ingredients for the success of CPR AM,” says its managing director Olivier Bryde.
For its part, Sanso IS has decided to establish the fund in partnership with two associations recognized for their actions to raise awareness, protect the environment and protect the oceans: the Oceanographic Institute, the Albert Hier Foundation, the Prince de Monaco and the European Surfrider Foundation. . This partnership provides that the company annually donates the equivalent of 10% of the management fee for Sanso Objectif Durable 2024.
And the love of financiers and the sea does not stop at computer screens. Last November, the Primonial boat crossed the finish line of the 15th edition of the Transat Jacques Vabre: Normandie Le Havre in first place in the Ocean Fifty category, while Maxi Edmond de Rothschild finished in the Ultime category.