VSOMMUNIQUE OF PRESSE
ATALLOCATION
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MRESPONSIBLE MANAGEMENT ANDATES : REPLICATION D‘ACTION INDICES FOR COHERENT MANAGEMENT
WITH L‘ATORDER OF PARIS “
MARK 2021FRR01
Paris, January 10, 2022
The FRR launched on 1er March 2021, a restricted call for tenders aimed at selecting investment service providers, in order to ensure responsible management of equity mandates aligned with the principles of the Paris Agreement.
The market involves the selection of a maximum of four managers capable of optimizing a replication of “equity” indices (whether or not they are weighted by capitalizations) with a responsible approach under the constraint of minimizing the risk relating to the index. and preserving the characteristics of the indices used.
The objective sought by the FRR is, in particular, the alignment of the portfolios managed with a trajectory compatible with the Paris Agreement which aims to avoid dangerous climate change by limiting global warming to a level well below 2 ° C and continuing efforts to limit it to 1.5 ° C.
The methodologies used by each manager to achieve this objective and likely to change over the term of office and depending on the indices, must include at least:
- a gradual reduction of the carbon footprint and absolute fossil reserves;
- a reduction relative to the benchmark of the carbon footprint and fossil reserves;
- an overweighting of the “green part” of investments;
- a measure of physical and transition risks;
- an ESG rating higher than that of the benchmark;
- the FRR’s exclusion policy.
Retirement Reserve Fund
56 rue de Lille 75007 Paris – Tel: 01 58 50 99 86 – www.fondsdereserve.fr
At the end of the selection process, the FRR’s Management Board decided to select the offers of the following candidates:
AMUNDI ASSET MANAGEMENT
BNP PARIBAS ASSET MAMANGEMENT
CANDRIAM LUXEMBOURG / CANDRIAM BELGIUM *
This contract will be concluded for a period of four years with a possible renewal for a period of one year.
The FRR is pleased with the quality of the applications received within the framework of this contract and thanks all the companies which applied.
*Financial manager
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The FRR is a public administrative establishment of the State created by law in 2001. Endowed with a Supervisory Board and a Management Board, its mission is to manage the sums allocated to it until December 31, 2010. in order to build up reserves intended to contribute to the sustainability of retirement plans.
Press contact: 01 58 50 99 02
www.fondsdereserve.fr
Retirement Reserve Fund
56 rue de Lille 75007 Paris – Tel: 01 58 50 99 86 – www.fondsdereserve.fr