Investing as part of an ambitious responsible investment policy
Environmental, social and governance responsibility has been enshrined in the FRR’s foundational texts from the outset.
The FRR's 2024-2028 responsible investment strategy is structured around three priority areas:
1 Promoting energy and ecological transition
Low-carbon investments in France will need to increase by €110 billion in 2030 compared to 2021 (see SPAFTE – multi-year strategy for financing ecological transition).
- CO2 emissions from the equity portfolio have fallen by 60% since 2013 (-36% between 2019 and 2023) and are well below those of the strategic allocation index.
The FRR is committed to continuing this downward trend. - The FRR supports the transition of the highest-emitting companies by establishing a dialogue through management companies.
2 Promoting social equity
- The FRR requires that diversity ratios be respected within boards of directors (gender equality, presence of independent directors and employee representatives) and that pay gaps be limited (vote against management resolutions in 25% of cases).
- The FRR has joined the Strong Gender Initiative – 2019 and signed the Women’s Empowerment Principles, with the support of UN Women.
- The FRR supports intermediate housing.
- The FRR participates in social initiatives such as the Investor Statement on Bangladesh, an agreement on the textile industry.
3 Preserving biodiversity
- The FRR requires its management companies to submit annual reports on adverse effects on biodiversity and monitors remediation measures.
- The FRR has joined the Nature Action 100+ initiative.
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Organization & Governance
The FRR is the only EPA* with a Supervisory Board and an Executive Board. This organization aims to clearly separate the executive function from the guidance and oversight function.
Investment Strategy
The FRR was entrusted by the legislator with the mission of managing the funds allocated to it, in order to build up reserves to help ensure the sustainability of eligible pension schemes.
Responsible Investment Strategy
The FRR's mission is to invest and optimize returns on the monies entrusted to it by the public authorities on behalf of the community with the aim of financing the pension system.
FRR Publications
The FRR manages, on behalf of the community, the funds entrusted by the State in order to maximise returns and actively contribute to the financing of pensions.