SUSTAINABLE INVESTING: OUR CONVICTION
Our commitment
It is part of our fiduciary duty to manage ESG risks and opportunities across all asset classes when investing on behalf of our clients and in their interest.
We believe that by integrating ESG analysis into our investment process, we will be able to seek long-term performance by mitigating risk, identifying growth opportunities and recognising the financial value of intangible assets, while striving to achieve positive outcomes for the environment and society.POLICIES AND REPORTS
Carmignac is committed to ensuring robust policies and processes, reviewed and overseen at the leadership level, to support our approach to sustainable investing.
ACTING IN LINE WITH OUR CONVICTIONS
Climate
In order to meet the objectives of the Paris Agreement, Carmignac aims to reduce the carbon emissions of its portfolios through our engagement with the companies in which we invest but also by offsetting our own operation’s carbon emissions.Empowerment
As a majority family-owned company, we foster an entrepreneurial work environment which seeks to empower our employees. More than two thirds of our AUM is co-managed by women.
Our senior employees have access to a share ownership structure which contributes to creating a common alignment with our investors.
Leadership
Carmignac’s leadership structure is tailored to our firm’s identity and values as a family-owned and entrepreneurial business. In practice, this means that Carmignac family members – the founder, Edouard Carmignac, and his daughter, Maxime Carmignac – are respectively Managing Director and CIO of Carmignac Gestion and Chief Executive Officer and Director of Carmignac UK Ltd.
Carmignac’s carbon reduction programme
Carmignac’s climate change concerns go beyond our emission reduction expectations for the companies in which we invest. Our three-step approach to reducing our operational carbon footprint consists of: a) measuring our operational carbon footprint, b) identifying carbon reduction measures, and c) making a financial contribution to mitigate our emissions. 5,535 tCO2 have been offset in total between 2019 and 2023.
All Scope 1 (own facilities direct emissions) and Scope 2 (purchased energy) and partially Scope 3 (upstream employee commuting, business travel and IT services) emissions.</Disclaimer>
Carmignac's point of view
Merger of “Climate Transition” into “Tech Solutions” in Carmignac Portfolio
Carmignac Portfolio Global Bond: Letter from the Fund Manager
Carmignac Portfolio Human Xperience: Letter from the Fund Manager
Underprepared companies in the crosshairs of physical climate risks
Shareholder meetings: A necessary change of tone
Taking another look at ESG integration in sovereign investments
SUSTAINABLE INVESTING GUIDE
A lot of approaches still coexist and definitions can vary as it relates to sustainable investing. Carmignac has developed a differentiated approach to SRI and ESG, by focusing on specific themes, building proprietary research tools and embracing new regulatory frameworks.Marketing communication. Please refer to the KID/KIID, prospectus of the fund before making any final investment decisions.
This material may not be reproduced, in whole or in part, without prior authorisation from the Management Company. This material does not constitute a subscription offer, nor does it constitute investment advice. This material is not intended to provide, and should not be relied on for, accounting, legal or tax advice. This material has been provided to you for informational purposes only and may not be relied upon by you in evaluating the merits of investing in any securities or interests referred to herein or for any other purposes. The information contained in this material may be partial information and may be modified without prior notice. They are expressed as of the date of writing and are derived from proprietary and non-proprietary sources deemed by Carmignac to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Carmignac, its officers, employees or agents.
Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged.
Reference to certain securities and financial instruments is for illustrative purposes to highlight stocks that are or have been included in the portfolios of funds in the Carmignac range. This is not intended to promote direct investment in those instruments, nor does it constitute investment advice. The Management Company is not subject to prohibition on trading in these instruments prior to issuing any communication. The portfolios of Carmignac funds may change without previous notice. The reference to a ranking or prize, is no guarantee of the future results of the UCIS or the manager.
Morningstar Rating™ : © Morningstar, Inc. All Rights Reserved. The information contained herein: is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Access to the Funds may be subject to restrictions regarding certain persons or countries. This material is not directed to any person in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) the material or availability of this material is prohibited. Persons in respect of whom such prohibitions apply must not access this material. Taxation depends on the situation of the individual. The Funds are not registered for retail distribution in Asia, in Japan, in North America, nor are they registered in South America. Carmignac Funds are registered in Singapore as restricted foreign scheme (for professional clients only). The Funds have not been registered under the US Securities Act of 1933. The Funds may not be offered or sold, directly or indirectly, for the benefit or on behalf of a «U.S. person», according to the definition of the US Regulation S and FATCA.
The risks, fees and ongoing charges are described in the KID (Key Information Document). The KID must be made available to the subscriber prior to subscription. The subscriber must read the KID. Investors may lose some or all their capital, as the capital in the funds are not guaranteed. The Funds present a risk of loss of capital.
The Funds’ prospectus, KIDs, NAVs and annual reports are available at www.carmignac.com/en, or upon request to the Management Carmignac Portfolio refers to the sub-funds of Carmignac Portfolio SICAV, an investment company under Luxembourg law, conforming to the UCITS Directive. The French investment funds (fonds communs de placement or FCP) are common funds in contractual form conforming to the UCITS or AIFM Directive under French law.
In the United Kingdom: the Funds’ respective prospectuses, KIIDs and annual reports are available at www.carmignac.com/en-gb, or upon request to the Management Company, or for the French Funds, at the offices of the Facilities Agent at BNP PARIBAS SECURITIES SERVICES, operating through its branch in London: 55 Moorgate, London EC2R. This document was prepared by Carmignac Gestion, Carmignac Gestion Luxembourg or Carmignac UK Ltd. FP Carmignac ICVC (the “Company”) is an Investment Company with variable capital incorporated in England and Wales under registered number 839620 and is authorised by the FCA with effect from 4 April 2019 and launched on 15 May 2019. FundRock Partners Limited is the Authorised Corporate Director (the “ACD”) of the Company and is authorised and regulated by the FCA. Registered Office: Hamilton Centre, Rodney Way, Chelmsford, Essex, CM1 3BY, UK; Registered in England and Wales with number 4162989. Carmignac Gestion Luxembourg SA has been appointed as the Investment Manager and distributor in respect of the Company. Carmignac UK Ltd (Registered in England and Wales with number 14162894) has been appointed as a sub-Investment Manager of the Company and is authorised and regulated by the Financial Conduct Authority with FRN:984288.
In Switzerland: the prospectus, KIDs and annual report are available at www.carmignac.com/en-ch, or through our representative in Switzerland, CACEIS (Switzerland), S.A., Route de Signy 35, CH-1260 Nyon. The paying agent is CACEIS Bank, Montrouge, Nyon Branch / Switzerland, Route de Signy 35, 1260 Nyon.
The Management Company can cease promotion in your country anytime. Investors have access to a summary of their rights in English on the following links: UK ; Switzerland ; France ; Luxembourg ; Sweden.
For Carmignac Portfolio Long-Short European Equities: Carmignac Gestion Luxembourg SA in its capacity as the Management Company for Carmignac Portfolio, has delegated the investment management of this Sub-Fund to White Creek Capital LLP (Registered in England and Wales with number OCC447169) from 2nd May 2024. White Creek Capital LLP is authorised and regulated by the Financial Conduct Authority with FRN : 998349.
Carmignac Private Evergreen refers to the Private Evergreen sub-fund of the SICAV Carmignac S.A. SICAV – PART II UCI, registered with the Luxembourg RCS under number B285278.