2022: another milestone in our ESG journey

90% of our AUM are classified Article 8 or 9

  • Published
  • Length
    3 minute(s) read
  • Close to 90%

    of our Assets Under Management (AUMs) are classified as Article 8 and 9 (SFDR1), versus 37%2 average for European-domiciled funds

  • 17%

    of our AUMs are classified as Article 9, versus 4%3 average for the European-domiciled funds

  • 50%

    of our recently upgraded Article 9 funds'assets invested in companies that are positively aligned with 9 UN Sustainable Development Goals (SDGs)4

SFDR refresher

The EU Sustainable Finance Disclosure Regulation came into effect on March 10, 2021. As the name suggests, this regulation places a lot of emphasis on disclosure.

In practice, for an asset management company like Carmignac, applying the SFDR includes the classification of its funds into three categories:

For Carmignac, this regulatory framework complements our transparent approach and commitment to our clients, society and the environment.
If today, 34% of European funds meet the SFDR’s article 8 or 9 requirements, at Carmignac we have reached close to 90% as of 1st of January 2022, including 17% Article 9 funds.
This is a new step in a longstanding process. We are convinced that responsible investment and active ownership create value and can help us fulfil the mandate entrusted to us by our clients: to efficiently manage their savings over the long term.

9 Sustainable Development Goals for Article 9

As active asset managers, we believe that to calculate impact, we need to focus on outcomes. With this in mind, and in order to achieve these 17% of Article 9 funds, we have formalized a proprietary “outcomes framework”. It applies to our equity funds Carmignac Investissement, Carmignac Investissement Latitude, Carmignac Portfolio Investissement, Carmignac Portfolio Grande Europe, Carmignac Emergents, Carmignac Portfolio Emergents and Carmignac Portfolio Grandchildren.


In practice, the funds listed above have a sustainable investment objective to invest more than 50% of their net assets in companies that derive more than 50% of their revenue from goods and services related to business activities which align positively with one of the following 9 out of 17 SDG (Sustainable Development Goals) : (1) No Poverty, (2) No Hunger, (3) Good Health and Well Being, (4) Quality Education, (6) Clean Water, (7) Affordable and Clean Energy, (9) Industry, Innovation and Infrastructure, (11) Sustainable Cities and Communities (12) Responsible Consumption and Production.

These funds already had a low carbon target (30% lower than their benchmark) and an SRI Label (apart from Carmignac Investissement Latitude but this one is a feeder of Carmignac Investissement so adopts the same investment approach).


  • Wuxi Biologics

    Held in Carmignac Emergents and Carmignac Portfolio Emergents as of 31st of December 2021, positively aligned with SDG 3: Good health and Wellbeing.

    The company provides solutions for life science research and is devoted to becoming a leader in sustainability by making it an integral part of the business development and corporate culture. Its fundamental mission is making biologic drugs more accessible around the world through its lower cost platform, in order to fulfil the dream that every drug can be made and every disease can be treated.

  • Uber Technologies

    Held in Carmignac Investissement, Carmignac Investissement Latitude and Carmignac Portfolio Investissement as of 31st of December 2021, positively aligned with SDG 11: Sustainable Cities and Communities.

    Uber technologies’ core service is the provision of affordable and efficient rides. Its unorthodox technology has shifted the way people use this mode of transit, not only making it more accessible to a larger customer base, also creating an efficient network which delivers a timely and sustainable service. In many cities, Uber has enabled to reduce drunk driving, which shows public safety benefits.


As active investors, fully aligned with the acknowledgment that sustainable development is no longer an investment theme by itself but is becoming a core topic of tomorrow’s world, we have engaged teams all across the firm to reach this objective of 90% of funds Article 8 and 9, including 17% Article 9.

To find out more on our responsible investment policy

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1SFDR: Sustainable Finance Disclosure Regulation (EU) 2019/2088
2Source: Morningstar, as of 30th of September 2021
3Source: Morningstar, as of 30th of September 2021
4More details on the SDGs can be found here