Instit Invest is an information website dedicated to what's new for institutional investors, their governance and their financial management, as well as the challenges they are facing. The Couronnes Instit Invest awards were created in 2012 to set in motion a virtuous circle in favour of beneficiaries of funding from the institutions concerned. The Best Energy Transition Financing Initiative prize has gone to Caisse des Dépôts together with AG2R La Mondiale and Ircantec.
The energy transition is a strategic priority to Caisse des Dépôts, along the same lines as the digital transition, territorial transition and demographic and social transition. The commitments and achievements made by Caisse des Dépôts which caught the attention of the jury, chaired by Jean Eyraud, Honorary President of Af2I, include:
- working towards zero-carbon financial investment portfolios, leading to a 38% reduction in the energy consumption of its real estate investment portfolios by 2030, and a 20% reduction of the carbon footprint per thousand euros invested in its listed share portfolios between 2014 and 2020;
- scaling up its shareholder commitment on climate and energy subjects: virtually all of the SBF 120 as well as several foreign businesses are involved in talks on these issues with the Group portfolio managers;
- channelling of its financial resources towards low-carbon projects (the €15bn financing target in favour of the energy transition between 2014 and 2017 by the Caisse des Dépôts is on course to be beaten!) and the launch of a Green Bond in February 2017;
- turning away from coal: no new coal-based energy generation capacity financed by the Group since 2015, no listed share nor bond with a company whose business is exposed to thermal coal for more than 20% of its turnover has been held by the Group since the end of 2015.
*Pension/personal protection or insurance sectors, mutual companies, foundations and endowment funds, sovereign funds and economy financing bodies, etc.