Quantitative money manager TOBAM is reducing the carbon footprint across its equity strategies and indexes.
TOBAM has applied a systematic carbon footprint reduction of at least 20% vs. reference benchmarks across all of its Anti-Benchmark equity strategies, and its maximum diversification indexes. A spokesman said this relates to 94% of TOBAM’s assets under management, or about $10 billion.
The move further cements sustainability initiatives already taken by the $10.4 billion money manager, said a news release, such as its exclusion policy of companies with unacceptable environmental, social and governance practices, starting in 2007.
"The significant achievement for us is to even further integrate ESG into our investment process while preserving the integrity of our approach," Yves Choueifaty, founder and CEO of the firm, said in the news release.
The change does not affect the risk-and-return profiles of the strategies, the release said.