LBP AM

As an investor committed to financing the energy transition in the EU, LBP AM strongly endorses the principle of a taxonomy framework that is transparent, proportionate, and practically applicable to the realities of clean-energy deployment.

LBP AM warmly welcomes the proposal to switch from a transparency approach to a mandatory categories approach for responsible products. LBP AM also strongly supports the proposed categories, which should create meaningful classifications investors while covering the variety of approaches available on the market.

LBP AM welcomes the strong emphasis that the SFDR put on ESG issues, leading to widespread consideration of such issues at senior levels into Financial Market Participants (FMPs) organizations. However, the absence of minimum standards combined with the abusive use of the SFDR regime as a labelling regime and the technical discrepancy with MIFID II/IDD provisions have made the framework difficult to use and did not…

The LBP AM Group views the revision as an opportunity to strengthen, simplify and modernise the existing SRD framework, in particular through digitisation. SRD has already increased transparency and board and investors accountability, notably on executive remuneration through say on pay and related party transactions.