DPAM obtains the top highest PRI rating A+ for the second consecutive year

For the second consecutive year, Degroof Petercam Asset Management (DPAM) has obtained the top A+ rating for its assessment on the UN-backed Principles for Responsible Investment (PRI).

These six Principles aim to advocate best practices in order to encourage the adoption of environmental, social and governance (ESG) criteria and to foster a more sustainable financial industry geared towards the long term.

Ophélie Mortier, Responsible Investment Strategist: “This is a great achievement, particularly considering the more demanding questionnaire this year as PRI continuously upgrades its requirements level. PRI now represents over 1,800 signatories around the world and close to 90 USD trillion of total AUM.”

A+ is the top rating and DPAM holds the maximum stars on several areas of expertise. Thanks to continuous efforts, it has achieved to maintain its top position compared to last year. For the peer group of signatories, the median rating (A) has remained stable over the last year except in terms of ESG integration, where the trend is negative. Indeed, the median rating has downgraded to B over the last three years. DPAM however has maintained its top score over the last three years from A in 2016 to A+ in 2017 and A+ this year.

Hugo Lasat, CEO Degroof Petercam Asset Management: “Our commitment to the PRI has proven to be a turning point in our sustainable and responsible investment positioning and strategy. After becoming a signatory in 2011, DPAM aimed to make a commitment to sustainable finance. This rating achievement is the evidence of all the efforts DPAM has made over the years in the sustainable and responsible investments scope. Indeed, we have been actively involved in sustainable finance since 2002 and have drawn on a long learning curve. Today we offer an extended range of sustainable investment solutions across asset classes. We are not only recognised for our solid processes and transparency by external rating agencies such as LUXFlag, which has recently labelled our range of actively managed sustainable sub-funds, but we are also recognized by our investors for our know-how”

DPAM is not only proud of the top rating that has just been granted to it for the second time, but has also learned so much since it became a signatory to the PRI. It will continue to put the relevancy of its ESG research and the appropriateness of sustainable choices to the test, so as to ensure full compliance with its threefold commitment: to uphold fundamental rights, to refrain from financing controversial companies that may affect reputation and long-term of growth of investments and to be a responsible stakeholder and to foster best practices and efforts.

Bob De Leersnyder

External Communication Manager, Bank Degroof Petercam

Alexandra Niehe

Head of corporate communications, Bank Degroof Petercam

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About Degroof Petercam

Founded in 1871, Degroof Petercam is a Belgian-rooted reference investment house built on more than 150 years of integrated financial knowledge. Private and institutional investors, as well as corporates trust us for our strong investment convictions and for our continuum of services in private banking, asset management, investment banking and fund servicing.

On December 31, 2023, total assets amounted to 74 billion euros. More than 1,500 experts are committed to our clients through offices in Belgium, Luxembourg, France, Switzerland, Spain, the Netherlands, Germany, Italy, Hong Kong and Canada. As employer and investor, we create responsible prosperity for all by opening doors to opportunities and accompanying our clients with expertise.

Degroof Petercam is owned by Indosuez Wealth Management and by its historical minority shareholder CLdN Cobelfret. Degroof Petercam benefits from the vast expertise and international network of Indosuez and the Crédit Agricole group, the world's 9th largest bank (The Banker, 2024).

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