Thematics Safety Fund

Thematics Asset Management
Product Identification
Product type: 
(Mutual) Fund
Manager(s): 
Thematics Asset Management
Distributor(s): 
Natixis Investment Managers
Domicile: 
Luxembourg
SFDR: 
Product discloses in line with Article 9 of Regulation (EU) 2019/2088: Product with sustainable investment as its objective
Sustainability strategies used in the product
Exclusion of certain controversial activities: 
Selecting the best performing companies or countries in a peer group: 
Screening based on international norm & standards: 
Integration of non-financial criteria in the selection process: 
Focusing on specific sustainability themes: 
- Themes: 
Protection of assets, data, goods and people’s health.
Pursuing measurable societal impact: 
Over/underweighting positions based on their ESG score: 
Outperforming a benchmark on ESG indicators: 
Other ESG strategy: 
Engaging in a dialogue with companies and/or exercising voting rights: 

Engagement is always performed towards energy and electricity sector companies, if applicable.

Sustainability policies applied
UN Global Compact
Exclusion of companies and countries involved in UN Global Compact violations: 
Weapons
Exclusion of companies significantly involved in weapons: 
Criteria: 
Companies shall derive less than 10% of their revenues from the production of weapons or tailor-made components thereof. Companies shall not be involved in controversial weapons.
By 30/6/2022 at the latest: Companies shall derive less than 5% of their revenues from the production of weapons or tailor-made components thereof. Companies shall not be involved in controversial or indiscriminate weapons. Companies shall have a strategy to reduce the adverse impact of their activities and to increase their contributing activities, if applicable.
Max. allowed company involvement (% of revenue): 
10%
Max. allowed company involvement in controversial weapons (% of revenue): 
0%
Tobacco
Exclusion of companies significantly involved in tobacco: 
Criteria: 
Companies shall derive less than 10% of their revenues from the production of tobacco, products that contain tobacco or the wholesale trading of these products.
By 30/6/2022 at the latest: Companies shall derive less than 5% of their revenues from the production of tobacco, products that contain tobacco or the wholesale trading of these products. Companies shall have a strategy to reduce the adverse impact of their activities and to increase their contributing activities, if applicable.
Max. allowed company involvement (% of revenue): 
10%
Fossil Fuel Extraction
Coal Extraction
Exclusion of companies significantly involved in coal extraction: 
Criteria: 
Companies shall derive less than 10% of their revenues from thermal coal extraction. Companies shall not have expansion plans for coal extraction.
By 30/6/2022 at the latest: Companies’ absolute production of or capacity for thermal coal-related products/services shall not be increasing. Companies shall meet at least one of the following criteria: 1) have a SBTi target set at well-below 2°C or at 1.5°C, or have a SBTi ‘Business Ambition for 1.5°C’ commitment; 2) derive less than 5% of their revenues from thermal coal-related activities; 3) have less than 10% of CapEx dedicated to thermal coal-related activities and not with the objective of increasing revenue; 4) have more than 50% of CapEx dedicated to contributing activities. Companies shall have a strategy to reduce the adverse impact of their activities and to increase their contributing activities, if applicable. The product manager shall actively and regularly engage at management level with companies.
Max. allowed company involvement (% of revenue): 
10%
Unconventional Oil & Gas Extraction
Exclusion of companies significantly involved in unconventional oil & gas extraction: 
Criteria: 
Companies shall derive less than 10% of their revenues from unconventional oil & gas extraction. Companies shall not have expansion plans for unconventional oil & gas extraction.
By 30/6/2022 at the latest: Companies’ absolute production of or capacity for unconventional oil and gas-related products/services shall not be increasing. Companies shall meet at least one of the following criteria: 1) have a SBTi target set at well-below 2°C or at 1.5°C, or have a SBTi ‘Business Ambition for 1.5°C’ commitment; 2) derive less than 5% of their revenues from unconventional oil and gas-related activities; 3) have more than 50% of CapEx dedicated to contributing activities. Companies shall have a strategy to reduce the adverse impact of their activities and to increase their contributing activities, if applicable. The product manager shall actively and regularly engage at management level with companies.
Max. allowed company involvement (% of revenue): 
10%
Conventional Oil & Gas Extraction
Exclusion of laggard conventional oil & gas extraction companies: 
Criteria: 
Companies shall derive at least 40% of their revenues from activities related to natural gas extraction or renewable energy sources. The product manager shall have in place a corporate engagement and/or shareholder action policy with the aim of accelerating the transition of energy companies to a low carbon business model and of supporting their R&D in sustainable energy technologies.
By 30/6/2022 at the latest: Companies shall meet at least one of the following criteria: 1) have a SBTi target set at well-below 2°C or at 1.5°C, or have a SBTi ‘Business Ambition for 1.5°C’ commitment; 2) derive less than 5% of their revenues from oil and gas-related activities; 3) have less than 15% of CapEx dedicated to oil and gas-related activities and not with the objective of increasing revenue; 4) have more than 15% of CapEx dedicated to contributing activities. Companies shall have a strategy to reduce the adverse impact of their activities and to increase their contributing activities, if applicable. The product manager shall actively and regularly engage at management level with companies.
Electricity Generation
Exclusion of laggard electricity generation companies: 
Criteria: 
Companies shall have a carbon intensity that is below 374 gCO2/kWh and decreasing annually; or with power production based less than 10% on coal, less than 30% on oil & gas and less than 30% on nuclear. Companies shall not have expansion plans that would increase their negative environmental impact or that go contrary to below 2 degrees scenario alignment. Companies shall not construct additional coal- or nuclear-based power production installations. The product manager shall have in place a corporate engagement and/or shareholder action policy with the aim of accelerating transition of electricity utilities to a low carbon business model and of supporting their R&D in sustainable energy technologies.
By 30/6/2022 at the latest: Companies’ absolute production of or capacity for coal-based or nuclear-based energy-related products/services shall not be structurally increasing. Companies’ absolute production of or capacity for contributing products/services shall be increasing. Companies shall meet at least one of the following criteria: 1) have a SBTi target set at well-below 2°C or at 1.5°C, or have a SBTi ‘Business Ambition for 1.5°C’ commitment; 2) derive more than 50% of its revenues from contributing activities; 3) have more than 50% of CapEx dedicated to contributing activities. Alternatively, until 2025, companies shall have a carbon intensity that is below 374 gCO2/kWh in 2022 and decreasing to below 315 gCO2/kWh in 2025. Companies shall have a strategy to reduce the adverse impact of their activities and to increase their contributing activities, if applicable. The product manager shall actively and regularly engage at management level with companies.
Tolerance for improving oil & gas and electricity companies
5%
Other policies
Approach towards biodiversity: 
Part of ESG risk analysis
Approach towards water use: 
Qualitative conditions
Approach towards taxation: 
Part of ESG risk analysis
Approach towards investing in agricultural commodities: 
Not yet part of analysis

Detailed policies can be found on the manager's website, on the product webpage (see links above) or on request by contacting the manager or distributor.

Country screening
Sustainability analysis of countries: 
Approach towards oppressive regimes: 
Part of ESG risk analysis
Approach towards the death penalty: 
Not yet part of analysis
Portfolio Details
Portfolio carbon intensity: 
< 100 teqCO2/million USD

* Indication based on information from product manager and/or on Morningstar data: Asset-weighted average of Scope 1 and 2 Green House Gas emissions of holdings with actual data from the Carbon Disclosure Project or estimations.

Portfolio fossil fuel exposure: 
< 0.1%

* Indication based on information from product manager and/or on Morningstar data: 12-month average involvement of the product to Fossil Fuels, including Thermal Coal Extraction, Thermal Coal Power Generation, Oil & Gas Production, Oil & Gas Power Generation, and Oil and Gas Products and Services over the last 12 months.

Data sources used
Country ESG analysis data sources: 
Not applicable
Corporate ESG analysis data sources: 
S&P/Trucost, Sustainalytics

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