TOBAM targets 20% carbon footprint reduction

ESG commitment

Quantitative asset manager TOBAM has committed to reducing the carbon footprint across its full suite of products, it said on Tuesday.

The Paris-based firm, which uses a patented proprietary Maximum Diversification process, said it would systematically reduce the carbon footprint of its Anti-Benchmark Credit strategies versus their reference benchmarks' by at least 20%. TOBAM had done the same across its equity strategies in June 2018, an initiative deputy CEO Christophe Roehri said "received genuine enthusiasm" from clients. The company reassured investors that its quantitative approach means it can implement the changes without compromising on the portfolios' diversification characteristics. Five key ESG themes ...