SECTOR: Industrials

COMPANY DESCRIPTION: Safran is a leading manufacturer of large commercial and military aircraft engines and equipment. Safran owns 50% of CFM International, the premier aerospace franchise in the world, manufacturing 75% of global narrowbody engines.

INVESTMENT THESIS: Leading player in a highly protected duopolistic market with long-term earnings visiblity.

INVESTMENT PROFILE: Growth platform

LATEST CDP RATING ON CLIMATE CHANGE:

UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS: