Pan-European asset management firm Candriam Investors Group has been awarded a French government-backed socially responsible investment (SRI) label for a high yield bond fund. It is the first time the label has been awarded to a high yield fund.
Four other Candriam funds – three equities funds and one bond fund – were also awarded the French government-backed SRI label. The labels were awarded certification by French standardisation body, AFNOR, in December 2017.
The five Candriam funds will give investors information about the environmental, social and governance (ESG) effects of their investment choices with reports using ten criteria to compare the funds to their index.
Naïm Abou-Jaoudé, chief executive of Candriam, said: "Investments today must clearly demonstrate their positive impact both on the environment and society in general. The SRI label is therefore an excellent initiative which guarantees the quality of the funds’ SRI approach while making them more accessible and transparent to investors.”
Candriam has €111 billion in assets under management.
©2018 funds europe