MAPFRE and the French investment boutique La Financière Responsable (LFR) celebrated their recent decision to enter into a strategic partnership last night at the Spanish embassy in Paris France.
The event, hosted at the Spanish Embassy to France, was attended by MAPFRE CFO Fernando Mata, CIO Jose Luis Jimenez, LFR Chairman Olivier Johanet and LFR CEO Stephane Prevost.
MAPFRE is a member of the Principles for Responsible Investment (PRI). It joined forces with LFR in November of 2017 in order to reinforce its commitment to advancing and improving ESG criteria and standards in its own investment processes.
Paris-based LFR, founded in 2007, has built a unique and acclaimed analytical process which it calls the Integral Value Approach® (IVA). It uses this unique methodology alongside a tool called L’Empreinte Ecosociale®, capable of analysing more than 120 ESG indicators for 160 Eurozone companies to take into account material ESG factors when selecting stocks for investment portfolios.
ESG factors, and a robust analytical process, have become increasingly important to investors keen to manage and reduce associated portfolio risk.
MAPFRE Chief Investment Officer José Luis Jiménez said “LFR’s unique investment approach and the quality of its investment managers has enabled us to reposition our overall strategy in a market where the standard of ESG is steadily improving. I look forward to continuing to develop our partnership.”
LFR chairman Olivier Johanet said “Working closely with MAPFRE has allowed us to grow our ESG based investment strategies and distribute them to a huge network of retail and institutional investors. The event in Paris was a celebration of bringing together two firms which are focused on improving their Environmental, Social, and Governance standards.”
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MAPFRE acquires a participation in the French fund manager La Financière Responsable (LFR)