Fossil fuel companies are those whose primary sector falls within coal mining and services, or up-, mid-, and downstream oil and gas sectors. Green companies are defined as companies having over 75% revenue deriving from Substantial Contribution to Mitigation activities under the EU Taxonomy.
Portion of AUM Assessed: $94.8B
| Holding Name | Contribution to Sector Production |
|---|---|
| Iberdrola SA | 33.3% |
| EDP SA | 32.8% |
| Enel SpA | 8.4% |
| Nextera Energy Inc | 6.8% |
| Engie SA | 4.5% |
| Voltalia SA | 4.0% |
| E.ON SE | 3.7% |
| ERG SpA | 1.4% |
| A2A SpA | 1.0% |
| SSE PLC | 0.9% |
| Holding Name | Contribution to Sector Production |
|---|---|
| General Motors Co | 54.9% |
| Renault SA | 18.6% |
| Bayerische Motoren Werke AG | 13.7% |
| Mercedes-Benz Group AG | 10.3% |
| Stellantis NV | 0.8% |
| Toyota Motor Corp | 0.7% |
| Tesla Inc | 0.6% |
| Volkswagen AG | 0.3% |
| Maruti Suzuki India Ltd | 0.1% |
| BYD Co Ltd | <0.1% |
| Holding Name | Contribution to Sector Production |
|---|---|
| Glencore PLC | 100.0% |
| Holding Name | Contribution to Sector Production |
|---|---|
| APA Corp (US) | 51.2% |
| ConocoPhillips | 27.3% |
| EOG Resources Inc | 12.0% |
| TotalEnergies SE | 7.0% |
| Shell PLC | 1.1% |
| Expand Energy Corp | 0.6% |
| Eni SpA | 0.4% |
| BP PLC | 0.3% |
| Exxon Mobil Corp | <0.1% |
| MOL Magyar Olaj es Gazipari Nyrt | <0.1% |
Natixis Global Asset Management is the investment arm of the BPCE Group. It acts as the distributor for its twenty affiliate asset managers that function independently and therefore has been assessed by scoring its largest and most relevant subsidiaries - Ostrum, Loomis, Sayles & Company, and Mirova (profiles linked below). This page does not contain any scored evidence.
Natixis Asset Management became Ostrum Asset Management (Ostrum AM) in April 2018 and is the largest of the twenty investment affiliates, with USD$430 billion AUM as of September 2020.
Loomis, Sayles & Company has an AUM of USD$328 billion (September 2020) and has significant operations in the USA.
Mirova (USD$18 billion AUM) is the specialist responsible investment asset manager of the Natixis group, and engages independently and through its ‘collaborative engagement platform’. Mirova has historically conducted engagements on behalf of Ostrum AM through this platform, hence it has been included in this assessment.
FinanceMap's methodology to measure the engagement process on climate was developed in consultation with several of the world's leading asset managers and uses key aspects of the UK Financial Reporting Council's 2020 Stewardship Code . The Stewardship Code was chosen to benchmark engagement quality as it provides an ambitious framework and detailed definitions of what constitutes effective engagement. FinanceMap defines the term ‘engagement’ as referring to all investor actions undertaken to influence the management strategy of the companies they own including private communications with corporate management and appointed advisors; questions at AGMs/other company meetings; comments on the company in the media; escalation and the shareholder resolution process (filing, voting behavior). FinanceMap’s methodology breaks the engagement process down into a set of sub-activities and looks for evidence associated with these across publicly available data sources.
Climate-relevance categorization of shareholder resolutions is based on the IPCC’s Special Report on 1.5°C and its concluded need for “rapid and far-reaching transitions in land, energy, industry, buildings, transport, and cities.” FinanceMap scored voting on any resolution where the intent and likely outcome is consistent with this IPCC stated need. The voting data is drawn from asset managers' disclosures to the US Security Exchange Commission (SEC), asset manager websites (including third-party websites they link to), directly from the asset managers, and through specialist voting data provider Insightia. The full list of resolutions assessed is available here.
InfluenceMap’s methodology for assessing lobbying on climate finance policy closely follows InfluenceMap’s established methodology on climate policy engagement, which is used extensively by investors, including via the Climate Action 100+ investor engagement process. Our full methodology can be found here.
Under our lobbying assessment, InfluenceMap considers engagement on all financial policies which intersect with climate issues, as well as “real economy” climate change policies.
The analysis takes into account both the engagement of the financial institution and the activities of industry associations they hold membership of. InfluenceMap’s methodology covers seven publicly available data sources, searching for evidence of engagement and corporate positioning since 2017. To determine the policy issues within the scope of the analysis, InfluenceMap breaks down policy engagement into a series of subcategories, or 'queries'. These are designed to cover high-level issues relating to the importance of sustainable finance, as well as more specific areas of sustainable finance policymaking. InfluenceMap’s research process searches for evidence of an organization's engagement with each policy issue, across each of the data sources.
