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Responsible Commitment

Environmental, social and corporate governance issues represent long-term performance factors.

We believe that the economic performance and the resulting stock-market returns from companies in which we invest take extra-financial criteria into account, to better integrate long-term perspectives to invest in a 21st century, characterized by greater involvement of civil society.


The environment is a major challenge for the 21st century. We attach importance to the environmental impact of companies and to their capacity to propose solutions towards preserving and sustaining their environment and protecting against associated risks. CO2 emissions, pollution, waste and sustainable resource management, etc. are the environmental challenges facing companies today.


We also attach importance to companies' social responsibility, in terms of their internal impact and also with regard to their service providers. We believe that a company's human and social capital is an important factor and that employment, security and healthcare issues are part of its social responsibilities.


Corporate governance encompasses management issues and the role of deliberating bodies and shareholders, alongside risk management, financial communication and transparency, etc. The fight against all forms of corruption is also a core challenge of good corporate governance.

Montpensier Finance is a signatory to the United-Nations Principles for Responsible Investment (PRI).

PRIAs a result, several measures have been put in place by Montpensier Finance in order to adapt its investment management processes and implement procedures and an organisational structure aiming to respect the Principles for Responsible Investment.

Responsible Commitment


Furthermore, Montpensier Finance also support the TCFD, Task Force on Climate-Related Financial Disclosures.TCFD

In order to complement its investment procedure, Montpensier Finance has also adhered to the UN Global Compact and therefore supports the Declaration of Human rights.

ESG issues in investment methods


ESG criteria are an integral component of the investment methods implemented by Montpensier Finance.

Montpensier Finance bases its SRI measures on the ESG research published by MSCI. Three MSCI ESG analysis components are integrated.

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A note is thus integrated in the qualitative scoring.


Montpensier Finance prohibits the UCIs it manages from investing in securities identified as being involved in the production of the weapons mentioned in the following conventions (these exclusions apply to all French portfolio management companies) :

  • The treaty banning anti-personnel mines (Ottawa Treaty).
  • The Convention on Cluster Munitions (Oslo Convention).

Additional exclusions have also been put in place on certain funds, Best Business Models SRI which holds the SRI label, and M Climate Solutions which holds the Greenfin label.

Additional exclusions have also been put in place on certain funds, Best Business Models SRI which holds the French label ISR and the Belgian Towards Sustainability label, Great European Models SRI and Quadrtor SRI which holds the label ISR, and M Climate Solutions which holds the French Greenfin label and the Towards Sustainability label.

In addition, as part of implementation of its ESG approach, Montpensier Finance has set up an exclusion policy which is established on several levels, depending on the scope of application of the exclusions, for different management process.


Montpensier Finance carry a particular attention to the Environment. We focus on the environmental impact of companies, their ability to propose solutions to preservation and sustainability of their environment issues, and to protect themselves from the risks associated with it.

Issues such as carbon emissions, pollution, waste treatment, or resources sustainable use, are key issues for companies. At the heart of our environmental considerations, in line with the collective commitment made by the financial professions on July 2, 2019 at the French Ministry of Economy and Finance, Montpensier Finance has adopted a "coal strategy". This strategy aims to reduce the exposure of investments to coal in order to contribute to the objective set by the national carbon neutrality strategy: to stop financing the coal sector.


Policy on shareholder engagement

Montpensier Finance's shareholder engagement policy includes a Voting Policy and a Commitment Policy.



The exercise of the voting rights is an important element of the dialogue with issuers. It encourages the dissemination of best practices in governance and professional ethics.

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Montpensier Finance considers that the exercise of voting rights is an integral part of the investment management process and should be carried out in the best interest of its clients. The fund managers analyse unit/shareholder resolutions and decide how to vote. They may refer to the principles regarding corporate governance recommendations published by ISS Gouvernance.

Download Montpensier Finance voting policy

Download the annual report on the exercise of voting rights


Montpensier Finance wants to increase the scope of its commitment to the companies in which the funds are invested. With this in mind, Montpensier Finance has decided to participate in the collective engagement actions implemented by ISS as part of its ISS Ethix program

Download Montpensier Finance engagement policy

Download the annual report on engagement


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