La Financière de l’Echiquier supports WHO in promoting tobacco control measures

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La Financière de l’Echiquier supports WHO in promoting tobacco control measures

La Financière de l’Echiquier (LFDE) is supporting actions by the World Health Organization (WHO) on tobacco control. This engagement is defined in the United Nations-supported Principles for Responsible Investment Principles for Responsible Investment (PRI) of which LFDE has been a signatory since 2008.

Announced in conjunction with World No Tobacco Day, a statement signed by a coalition of 53 global investors – with six from France – representing US$3.8 trillion in assets under management, confirmed the finance industry’s commitment to supporting and encouraging government efforts to reduce the impact of tobacco use on companies and the environment. At the initiative of AXA, CalPERS, SCOR and AMP Capital, the purpose of this first international statement is to contribute to this major global public health issue.

One billion people will die from the effects of tobacco during the 21e century according to WHO and the estimated social, economic and environmental costs of tobacco-related diseases is more than one trillion per year.

“A trailblazer in SRI in France, LFDE had excluded tobacco from the scope of its investments since its very creation in the 1991. Its commitment in favour of responsible finance is reflected by the continuing development over a period of more than 10 years of a demanding SRI approach reconciling performance and responsibility”, commented Didier Le Menestrel, Chairman-CEO of La Financière de l’Echiquier.

The statement can be consulted here.

To learn more about LFDE’s SRI approach, click here.

Press contacts

Laurent Sécheret / lsecheret@lfde.com / +33 (0)1 53 23 87 48
Géraldine Fanara / gfanara@lfde.com / +33 (0)1 47 23 98 12
Delphine Peyrat-Stricker / dpeyratstricker@image7.fr / +33 (0)1 53 70 74 14
Anne-Charlotte Créac’h / accreach@image7.fr / +33 (0)1 53 70 94 21

About La Financière de l’Echiquier – www.lfde.com

Created in 1991, La Financière de l’Echiquier is one of France’s leading independent asset management companies with more than €8 billion in assets under management and a team of one hundred employees. LFDE is wholly-owned by its management and employees. Its business: managing savings and financial investments for retail customers, wealth management advisors and institutional customers. LFDE is also present in Germany, Austria, Belgium, Switzerland, Italy, Spain and Benelux. A PRI signatory since 2008, LFDE became a member in 2013 of the Carbon Disclosure Project (CDP). LFDE is also a signatory since 2017,of the Montréal Carbon Pledge.