Three investment vehicles of Scor’s asset management arm, Scor Investment Partners, have received external certification for sustainable investment.
The vehicles have been awarded the LuxFLAG label and one has been awarded the LuxFLAG – Applicant label.
LuxFLAG supports the financing of sustainable development by providing clarity for investors through the award of labels and is one of the leading players in the industry. Its stated goal is to embrace a number of core values, including responsibility, sustainability, independence and transparency.
Two funds have been awarded the LuxFLAG ESG label, certifying that the investment vehicles incorporate ESG criteria throughout the entire investment process and screen 100% of their portfolio:
The Scor Sustainable Euro High Yield fund, classified as Article 8 under the EU Sustainable Finance Disclosure Regulation (SFDR), and benefitting from a reinforced sustainable investment process since February 8, 2021; and
The Scor Sustainable Euro Loans fund, classified as Article 8 under SFDR, and benefitting from an innovative ESG scoring methodology since December 13, 2021.
In addition to this, two infrastructure loan funds have been awarded the LuxFLAG Environment label and the LuxFLAG Environment – Applicant label, certifying that the investment vehicles primarily invest their assets in environment-related sectors in a responsible manner:
The Scor Infrastructure Loans III fund, which has completed its investment period and has exclusively invested in projects with positive environmental and social impacts. The fund had already been awarded the Greenfin label in 2017; and
The Scor Infrastructure Loans IV fund, classified as Article 9 under SFDR and launched on October 13, 2021. This vehicle is the fourth generation of the asset manager’s senior infrastructure loans strategy and is currently in its fundraising phase, targeting EUR 1 billion of commitments. It will benefit from “Applicant” status for the LuxFLAG label while it remains in its investment phase.
Fabrice Rossary, CEO of Scor Investment Partners, comments: “These external certifications validate the pertinence of our sustainable investment processes and represent a key milestone for us.”
“2021 has been a turning point in the enhancement of our ESG practices, with the revamping of our main high yield and corporate loans funds, and the launch of the new vintage of our senior infrastructure loans strategy. The variety of the labels obtained today further demonstrates our commitment to financing the sustainable development of societies, together.”