Les vilains secrets de Natixis IM, deuxième gestionnaire dactifs franais
Summary
Reclaim Finance criticizes Natixis IM for its inconsistent climate policies across its 19 affiliates, highlighting that while some are compliant, others like Loomis Sayles continue to invest in fossil fuel expansion and coal. The organization urges Natixis IM and BPCE to implement a common climate roadmap and a coal exit policy for all affiliates to align with the 2019 commitment made by the Paris financial center.
Key insights
- As of January 2023, Natixis IM held $7.3 billion in shares and bonds of major fossil fuel developers, including companies still developing new coal projects, despite a 2019 commitment by the Paris financial center to exit the sector.
- Investment practices vary significantly across Natixis IM's 19 affiliates; while Ostrum AM and Mirova are described as good students, Loomis Sayles and Ossiam lack policies to restrict support for the fossil fuel or coal industries.
- Loomis Sayles is a primary driver of Natixis IM's fossil fuel exposure, accounting for 93% of the group's bond investments in major fossil fuel developers, including holdings in Glencore, Adani, Continental Resources, EQT Corporation, and Occidental Petroleum Corporation.
- Reclaim Finance disputes Natixis IM's claim that affiliates operate with total independence, noting that marketing materials and BPCE communications present the affiliates as a collective working together on sustainability and responsible investment.
Cite the original document
- APA
- Martin, L. (2023). Les vilains secrets de Natixis IM, deuxième gestionnaire dactifs franais. Reclaim Finance. https://reclaimfinance.org/site/2023/08/30/les-vilains-secrets-de-natixis-im-deuxieme-gestionnaire-dactifs-francais/
- Chicago
- Martin, Léo. Les vilains secrets de Natixis IM, deuxième gestionnaire dactifs franais. Reclaim Finance, 2023. https://reclaimfinance.org/site/2023/08/30/les-vilains-secrets-de-natixis-im-deuxieme-gestionnaire-dactifs-francais/.
- Wikipedia
- {{cite press release |last1=Martin |first1=Léo |title=Les vilains secrets de Natixis IM, deuxième gestionnaire dactifs franais |publisher=Reclaim Finance |date=30 August 2023 |url=https://reclaimfinance.org/site/2023/08/30/les-vilains-secrets-de-natixis-im-deuxieme-gestionnaire-dactifs-francais/ |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{martin2023les, author = {Martin, Léo}, title = {{Les vilains secrets de Natixis IM, deuxième gestionnaire dactifs franais}}, publisher = {Reclaim Finance}, year = {2023}, month = aug, url = {https://reclaimfinance.org/site/2023/08/30/les-vilains-secrets-de-natixis-im-deuxieme-gestionnaire-dactifs-francais/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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