Lyxor raises its own bar with firm-wide climate policy

Lyxor Asset Management has set a climate policy based on four pillars that will underpin its responsible investment strategy and form a “conceptual and operational framework” for applying climate issues to its core business.

The four pillars are: divesting from coal; "designing innovative solutions" for climate transition; setting a two-pronged shareholder engagement policy; and using new proprietary methodology for assessing climate-related risk of its portfolios. The France-based group said while investing in low carbon energies was essential for meeting the pledges of the Paris Agreement, coal divestment has also become a key factor. Lyxor will now withdraw investment support from companies "most exposed to the sector" - those generating more than 10% of turnover from activities related to thermal coal...