TCFD REPORT 2021 TACKLING CLIMATE CHANGE 26 PUTTING CLIMATE AT THE HEART OF OUR BUSINESS STRATEGY Contribution to global climate change initiatives Global initiatives NIM participates in various international forums and initiatives focusing on climate change from thestandpoint of asset managers and investors. These include: UN-PRI, Ceres Investor Network, Investor Leadership Network (ILN), Focusing Capital on the Long Term (FCLT) and One Planet Sovereign Wealth Funds (One Planet SWF) as well as the Institutional Investors’ Group on Climate Change (IIGCC) which ensures NIM’s participation in three additional institutional investor networks: Global Investor Coalition on Climate Change, Climate Action 100+ (Mirova isalso a live member) and The Investor Agenda. Through its participation in the above forums, NIM contributes to furthering discussion on all ESG challenges, climate risksandfinancingthetransitiontoalow-carboneconomy. Ceres Both Natixis Investment Managers and Mirova Mirovaare members of the Ceres Investor Network. The latter includes more than 175 institutional investors, managing over $29tn in assets. Ceres focuses on a set of ESG challenges. These include climate risks,deforestation,humanrightsandgovernance. Institutional Investors’ Group on Climate Change (IIGCC) The IIGCC has more than 230 members who manage over $30tn in assets. In respect to this group, Natixis Investment Managers is represented by its subsidiary, Ostrum AM. IIGCC works closely with companies and policymakers on climate change issues. In particular, the body focuses on building climate resilience and driving new investment in the transition to a lowcarbon economy. One Planet Sovereign Wealth Funds In 2019, Natixis Investment Managers joined One Planet Asset Managers, a component of the One Planet SWF initiative. One Planet Asset Managers seeks to integrate climate considerations into sovereign wealth fund asset management. Launched at the Paris One Planet Summit in 2017, the initiative was established by a group of six sovereign wealth funds: Saudi Arabia, Abu Dhabi, Kuwait, Norway, New Zealand and Qatar. NIM affiliates’ inclusion of climate challenges Affiliates have focused their efforts on climate challenges for a number of years. Furthermore, NIM supports them in taking better account of such challenges in their strategies by introducing specific working groups to exchange best practices. Multiple affiliates have integrated climate into their investment strategies and engagement processes. The integration of climate challenges is a top priority for Ostrum AM (€448bn in assets under management as of 12/31/2020). Since 2019, the NIM affiliate has reviewed the carbon measurement of portfolios and developed a new alignment methodology with the IPCC temperature scenarios. As such, Ostrum AM can report to its clients on the impact of their investment portfolio. Dedicated training courses have been set up, and the climate theme is systematically integrated into discussions with issuer management. DNCA (€26bn in assets under management as of 12/31/2020) recognizes the importance and urgency of climate challenges. To this end, the firm has integrated such challenges into its investment approach by systematically analyzing of issuer 14 of the 23 NIM affiliates already steer their carbon footprint and/or the temperature of their managed portfolios
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