Dexia Asset Management’s SRI philosophy is based on the idea that a company’s long-term value is not purely affected by financial criteria such as revenues, margin growth, etc.. By taking into account environmental, social and governance (ESG) criteria, we identify additional factors that affect a company’s long-term value and competitiveness but that are not always apparent in traditional financial analysis.

Integrating positive and negative external elements, such as the cost of CO² or health & safety standards, in issuers’ valuations offers long term differentiating opportunities to our clients. Externalities will affect most companies in one way or another once they become part of the economic model or business equation: some will offer a new opportunity while others are considered as a threat to the business model.

At Dexia AM, SRI is a long-term investment style that favors investments in equity and bond issuers who are well exposed to to long-term trends (such as climate change, demographic evolution …).
It concentrates also on issuers who integrate in the best possible way the interests of all stakeholders (eg. customers, employees …) into their long-term strategies, always respecting major international treaties and conventions.