TOBAM goes green
TOBAM’s commitment to reflecting environmental, social and governance (ESG) issues in our commingled funds was put into action in January 2007, in collaboration with our European clients. In early 2010, TOBAM signed the UN PRI, further formalizing this commitment. Expanding the scope of our efforts, TOBAM has conducted a Carbon Footprint analysis of its business activities. This led to the decision to compensate for 125% of CO2 emissions generated by our business activities in 2010, via the Action Carbone program sponsored by the foundation goodplanet.org.
TOBAM is convinced that successful client outcomes and sustainable corporate governance and investing go hand in hand.
TOBAM believes that this investment is an important component of its ESG efforts, and will continue to broaden the scope of its activities in this area.
“Action Carbone is a non-profit responsible and solidarity program which proposes to companies, institutions and individuals to act against climate change by the reduction and offsetting of their greenhouse gases the funding of energy efficiency and renewable energy projects, developed by NGOs in Southern countries. Above the carbon dimension, projects funded by Action Carbone systematically associate high environmental, economical and social benefits ranged in a transversal approach of sustainable development: better life quality or buying power, local employment.” -Action Carbone www.actioncarbone.org
“GoodPlanet is a foundation that was created in 2005 to raise public awareness of environmental protection and to bring concrete solutions to the Earth’s ecological crisis. The foundation is chaired by Yann Arthus-Bertrand.” -GoodPlanet www.GoodPlanet.org