Initiatives Supported by the FRR
Consistent with this strategy, the FRR played an active role in 2005 in the UN-sponsored initiative aimed at promoting responsible investment behavior on the part of institutional investors (PRI) and, in 2006 supported other initiatives, such as the Carbon Disclosure Project (CDP) and academic research in the area of SRI.
The FRR's participation in the drafting of the UN-sponsored Principles for Responsible Investment (PRI)
In early 2005, the General Secretary of the United Nations asked an international group of investors that included the FRR to develop a number of principles in the aim of promoting the integration of socially responsible investment practices into the financial management process.
After six working sessions, and with the help of experts participating on behalf of the various stakeholders (businesses, NGOs, researchers, etc.), the Principles for Responsible Investment (PRI) were defined and then officially signed in New York City and Paris in the spring of 2006.
A long term investment
In their present form, the PRI reflect the shared values of the participating group of long-term investors with diversified portfolios, including insurers and reinsurers, pension reserve funds and other public institutional investors, as well as private sector pension funds. These principles are fully compatible with the FRR’s SRI strategy.
Membership in the Carbon Disclosure Project
Supported by the UNEP (United Nations Environmental Programme), the CDP is one of the most important international initiatives in the area of the environment and climate change.
Interested in promoting fuller disclosure of the environmental records and practices of businesses, as well as their level of energy use and their climatic impacts, the FRR joined the CDP for the first time in late 2005.
Research on responsible investing
The FRR backed the French management association’s launch of an SRI Chair in France. This entails the constitution of a theoretical base for analyzing investor demand and how financial professionals should address it.
It also seeks to establish a set of operational asset evaluation rules that combine financial, social and environmental criteria. The results of this work will be validated scientifically via international publications.
The Chair is made up of specialists in finance, econometrics and industrial economy at the Institut d’économie industrielle (IDEI), in association with Toulouse School of Economics (TSE), and the Economics department of the École polytechnique.
Research began in the first quarter of 2007.
Support for the Extractive Industries Transparency Initiative (EITI)
The EITI aims to strengthen transparency and responsibility of participants in the extractive industries sector through the verification and full publication of company payments and government revenues from mining, oil and gas.
“Strengthen EITI transparency.”
Olivier Sichel
Chairman of the Executive Board
The FRR has joined the Net-Zero Asset Owner Alliance
In November 2019, the FRR joined the Net-Zero Asset Owner Alliance (NZAOA), an initiative bringing together major investors committed, in line with the Paris Agreement, to implementing measures to achieve carbon neutrality in their investments and the economy by 2050 and to reporting regularly on their achievements at various milestones.
The Net-Zero Asset Owner Alliance (NZAOA) now has 89 members representing $9.5 trillion in assets under management.
