SGPWM see its commitment toward a more responsible economy rewarded with two new funds labelling

The "Moorea Fund - Sustainable US Equity" and "Moorea Fund - Sustainable Emerging Markets Equity" have been awarded with two labels : The "LuxFLAG ESG Label" by Luxembourg Finance Labelling Agency (LuxFLAG) and the SRI label by the French Ministry of Economy and Finance.


As a pioneer in renewable energy financing, committed since 2015 to aligning its activities with a trajectory to limit global warming to below 2°C, Societe Generale Group and its subsidiary Société Générale Private Wealth Management (SGPWM) are rolling out a proactive and responsible strategy to address the climate emergency. This strategy revolves around two priorities:

  1. Supporting their customers in their energy transition;

  2. Gradually reducing their activities linked to the most carbon-intensive energies.

The labelling of the two Moorea funds is the result of the work carried out by SGPWM to combine corporate social responsibility and sustainable financial performance in the management of its funds. The selection of companies in these two funds combines financial and extra-financial criteria, including environmental, social and governance (ESG) criteria, in order to meet the long-term challenges of sustainable development while ensuring financial performance.

Total SGPWM's LuxFLAG-labelled ESG funds had €916.95 million in assets under management at the end of August 2021, representing 43% of total assets. This underlines the ambition of SGPWM to see its ESG approach become widespread.

The transformation of a private bank is not only about the offer, but also about the whole value chain: governance, day-to-day bank operations or credit policy. This philosophy is reflected in the raison d'être of the Societe Generale Group: To build together, with our clients, a better and sustainable future by providing responsible and innovative financial solutions. Explains Alexandre Cegarra, CEO Societe Generale Private Wealth Management.

Moorea Fund - Sustainable US Equity is a U.S. equity fund managed by J.P. Morgan Asset Management, a proven fund manager with deep roots in the U.S. markets. The philosophy of the fund is to provide long-term capital growth by investing primarily in stocks of sustainable U.S. companies or companies with improving sustainability credentials. Sustainable companies are those that the manager believes have quality governance and advanced management of environmental and societal issues (sustainable characteristics). [UCITS3 Risk 6 –SFDR4 Classification 8]

Moorea Fund - Sustainable Emerging Markets Equity is an emerging equity fund actively managed by BlackRock, a leading global asset manager, using a sustainable investment approach to provide long-term capital appreciation over a five-year cycle. It implements a strategic global allocation combined with innovative performance drivers through tactical exposure to the Chinese domestic market (A-Shares). [UCITS3 Risk 6 –SFDR4 Classification 8]

1 The Luxembourg Finance Labelling Agency (LuxFLAG) is an independent, international, non-profit association created in Luxembourg in July 2006. LuxFLAG's objective is to provide investors with the assurance that the funds bearing its label integrate ESG criteria at every stage of their investment process. Source : https://www.luxflag.org/

2 Created in 2016 by the French Ministry of Economy and Finance the SRI label aims to: "Enable savers, as well as professional investors, to distinguish investment funds implementing a robust socially responsible investment (SRI) methodology, leading to measurable and concrete results." Source: https://www.lelabelisr.fr/label-isr/

3 UCITS Risk : This risk classification is a Synthetic Risk and Reward Indicator (SRRI) as required for UCITS. The sub-fund has been defined as an absolute performance fund under the Directives of the Committee of European Securities Regulators (CESR). Regarding the UCITS Risk scale from 1 (lowest risk) to 7 (highest risk), the lowest category does not mean a risk-free investment. The risk and reward category shown is not guaranteed to remain unchanged and the categorization of the fund may shift over time.

4 Societe Generale Luxembourg (SGL) and Societe Generale Private Wealth Management S.A. (SGPWM) as assets manager by delegation of mandates) are subject to the new European "SFDR" (Sustainable Finance Disclosure Regulation) adopted on November 27, 2019 by the European Parliament and the Council of the European Union and implemented since March 2021

Press contact:
Sandrine Brel +352 47 93 11 52 04 sandrine.brel@socgen.com


Disclaimers : please refer to the related document