Founded in 2001, the Fonds de Réserve pour les Retraités (FRR) is a French public administrative establishment responsible for investing assets entrusted by public authorities to finance the pension system. As of December 29, 2017, FRR had €36.4 billion of assets under management.
The Reserve Fund's responsible investing approach rests on four principles: incorporating ESG factors into asset management, managing social responsibility with regard to the UN Global Compact, exercising their voting rights, and contributing to research and supporting international initiatives such as the Carbon Disclosure Project and the Extractive Industries Transparency Initiative. As a public entity, the organization abides by the Ottawa and Oslo Conventions ratified by France, and excludes controversial weapon manufacturers. Further, to successfully manage carbon risk, FRR has been calculating the carbon intensity of their equity and bond portfolios since 2013.
Responsible Investment Strategy 2013 - 2017