UN PRI

Signataire depuis 2011 et noté A+ en 2019 pour notre approche d’investissement responsable.

Le communiqué de presse

FONDS ESG

Nous visons d’ici 2020 une intégration à 100 % des facteurs ESG dans tous nos fonds.

NOS FONDS ESG

Vote par procuration

Nous avons systématiquement participé à l’ensemble des votations depuis le 1er janvier 2018.

ACCÉDER À NOS VOTES

Our fund offering

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Our Sustainable and Responsible investment (SRI) Strategy

How we integrate ESG within our investment process

To achieve Mirabaud’s economic responsibility’s goal of offering a comprehensive range of responsible and sustainable products and services, we aim at delivering high quality products and services, where our customers can be ensured that our investment professionals:

  • Avoid investments and transactions in/with companies fundamentally inconsistent with sustainability principles and companies that might pose a financial risk due to their social or environmental challenges.
  • Weave Environmental, Social and Governance (ESG) factors into investment processes.
  • Partner with companies and stakeholders to improve ESG-related business practices and better allocate capital for the long term.

Mirabaud's SRI Strategy is centred around the following four complementary SRI approaches:

1. ESG integration:

At Mirabaud, ESG integration is core to our investment activities and reflections. We explicitly interweave relevant and material ESG considerations and financial considerations into investment processes, portfolio construction and research.

More precisely, we aim to proceed to an in-depth ESG analysis of companies we manage in funds and mandates, or recommend for investment to our clients. ESG materiality is at the core of our approach. Financially material ESG factors are factors that could have a significant impact on a company's operations and value drivers, such as revenue growth, margins and risk. We want to understand what material ESG risks companies are facing and how they concretely respond to these risks and opportunities.

Our analysis draws from proprietary internal research we supplement with research from third party data providers.

2. Active ownership:

At Mirabaud, we believe active ownership is a highly effective approach to contribute to good corporate governance and thereby enhances the long term economic and societal value of companies over time. As stewards of our clients' assets, we aim to use our active voice and enter into dialogue with companies on ESG matters to protect and increase the value of our assets. Such dialogue can also enhance our understanding of a company's sustainability, which can be fed back into investment processes.

As active, high conviction investors, our portfolio managers always take a dynamic approach to evaluating and interacting with companies to encourage best practices.

Our investment professionals perform three complementary types of engagement activities: 

Company ESG dialogue

An informed, regular dialogue, through which the investment teams understand a company's corporate responsibility policy and identify their exposure to ESG risks and opportunities.

Addressing material ESG issues

Dialogue and engagement on the adoption of best practices on material ESG issues we believe may ultimately benefit the companies, our clients and wider sustainability challenges.

Collective engagement

We participate in collaborative engagement initiatives, which are aimed at mitigating investment risks, improving practices and seeking greater disclosure and transparency of information.

Read more on our engagement policy.

3. Exclusion:

Also known as negative screening, exclusion is traditionally considered as one of the primary Sustainable and Responsible investment (SRI) approaches. Some activities, products or services are deemed "controversial' when they pose major and global risks to the environment and the society. Indirectly, such activities also expose investors to severe financial and reputation risks.

Whilst we favour inclusion over exclusion, in line with our values and ESG beliefs, we apply restrictions to sectors and companies involved in controversial activities and facing critical ethical, social and environmental challenges. We also closely monitor ESG-related controversies and sensitive incidents that companies may face in the course of their business activities. Company failures to respond appropriately to controversies may trigger divestment.

In this context, Mirabaud has specific sector guidelines and business restrictions that seek to address those issues. Currently these are:

CONTROVERSIAL WEAPONS

Companies involved in dedicated research, development and manufacture of controversial weapons [ie. weapons production and trading causing harm and suffering and Subject to international conventions and embargoes]

TOBACCO

Companies directly involved in the production of tobacco industry [Constituting more than 5% of revenue]

THERMAL COAL

Companies deriving more than 30% of revenues from thermal coal mining

We apply additional exclusions in specific investment strategies and upon client request.

Read more on our exclusion policy

4. Climate change:

Climate change challenges induces medium to long-term risks, with a complex quantification of impacts on economic and financial activities. Taking advantage of our role as a financial institution, at Mirabaud, we aspire to identity and manage the impact of climate related risks on our clients' assets. Climate Change considerations are a core dimension of our SRI efforts and as such, we are signatories of the Climate Action 100+, an investor initiative to ensure the world's largest corporate greenhouse gas emitters take necessary action on climate change.

Ce que nous recherchons

  • Une vision globale de la performance financière et extra-financière, grâce à un examen de toutes les informations importantes, tant quantitatives que qualitatives.
  • Des recherches permettant de guider les interactions entre nos gestionnaires de portefeuille et les entreprises.
  • Nous comprenons dans quelle mesure les critères ESG peuvent avoir un impact sur la valeur à long terme d’une entreprise.
  • Les critères ESG comprennent (sans s’y limiter) la gouvernance et la direction, la gestion des ressources, l’efficacité énergétique et la gestion du capital humain.

Ce que nous faisons

  • Nous obtenons des données ESG auprès de cinq fournisseurs externes différents et nous les utilisons dans notre processus d’investissement. Les analyses ESG viennent en complément de l’analyse fondamentale menée par nos équipes.
  • En décembre 2019, notre stratégie actions françaises a obtenu le label ISR délivré par l’État français.
  • Nous participons à un certain nombre d’initiatives et de partenariats essentiels : nous sommes membres du CDP et bénéficions du soutien de la TCFD.

Impact investing

In selective private equity strategies, we actively place capital with companies that are seeking sustainable and achievable outcomes.

Impact investing can be seen as an evolution of responsible investing. In addition to integrating environmental, social and governance (ESG) criteria, and excluding certain assets from portfolios, Impact Investing aims at making investments that deliver positive financial returns and a benefit to society at the same time.

Impact investing must have clear, demonstrable and, most of all, measurable objectives.

Visit our Group’s CSR webpage or contact us to learn more about our Corporate Social Responsibility strategy and our Responsible Investing approach.