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Sustainability within European Insurance Debt Investments

Cohen & Company Financial (Europe) S.A. has set up a sustainability framework articulated around the following axis :

  • Defining a Sustainable Investment Policy
  • Calculating an internal ESG score (Environment, Social & Governance) for each issuer, updated annually
  • Reporting Extra financial data according to both European and French regulatory standards
  • Setting up an internal Corporate Sustainable Responsibility (CSR) policy
  • Aiming at permanently improve our investees’ and own ESG practices

Cohen & Company Financial (Europe) S.A.’s ESG framework is well ahead of its regulatory obligation in both Europe and France, because:

  • the matter is too important not to be ahead of market standards
  • we strongly believe that being rigorous, pragmatic and precise is the best way to avoid greenwashing

PRINCIPLE ADVERSE IMPACT DISCLOSURE

Article 4 of Regulation (EU) 2019/2088 on sustainability‐related disclosures in the financial services sector (“the SFDR Regulation”)

This European regulation requires Financial Market Participants and Financial Advisors :

  • if above 500 employees, to report on the 14 Principal Adverse Impact (PAI cf. list below : environmental & social items) of each fund, on an annual basis with improving objectives;
  • if below 500 employees, to explain on their website why they do not consider PAI of investment decisions on sustainability factors.

For Cohen & Company Financial (Europe) S.A., that is much less than 500 employees, the reason for not reporting PAI is that:

  • small and medium size insurance companies and mutuals are far from providing the 14 PAI data;
  • corporates, whose loans are pooled in a Collateralized Loan Obligation CLO, are also far from providing the 14 PAI data.

Feel free to contact us if you have any questions on Sustainability:

Amedee de Clermont-Tonnerre
ESG Officer
17 avenue de l’Opera
75001 Paris
FRANCE
Mob : +33.6.28.77.00.60
Email : adeclermont@cohenandcompany.com

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