Caisse des Dépôts is fully committed to climate. Our action is illustrated by projects promoting TEE that we finance in all territories and by the responsible management of our financial asset portfolios.
Rediscover our main commitments in 4 key points:
- 10%: this is the cap on revenue from coal in the companies in which we invest. As regards thermal coal (which produces energy), Caisse des Dépôts is set on the path of total disengagement. For this reason, a more drastic exclusion policy is set to be implemented as early as 2019. It will no longer invest - whether directly or via funds - in businesses that generate more than 10% of their revenues from exposure to coal.
-54%: this is the reduction in the carbon footprint of our corporate bonds. Since 2014, the carbon footprint of Caisse des Dépôts' portfolio of listed shares has been cut by 37% and that of corporate bonds by 54%. With regard to investment property, the target - 38% less energy used by 2030 - has already been half achieved.
- €16Bn: this is the amount of funding planned for Ecological and energy transition by 2020. After having invested €18bn over the last 4 years, Caisse des Dépôts has committed to mobilising a further €16bn by 2020, in the form of loans and equity investments granted by Banque des Territoires and Bpifrance, in order to support projects with positive effects on the climate.
- 2°: our shareholder commitment is in line with the 2° target. In the first half of 2019, Caisse des Dépôts will launch a new extensive survey among the businesses in which it is a shareholder - particularly those operating in the sectors associated with major fossil fuel consumption or production. Caisse des Dépôts reckons it has a greater impact at this stage on the adaptation of businesses and the real economy by staying involved alongside these companies in a bid to develop challenging and inspiring dialogue among shareholders.
The financial world is a powerful lever. Finance cant do it all, but its role and its responsibility in allocating capital will be vital. As one of the main financial players, Caisse des Dépôts certainly has an important role to play: we are fully committed to this battle.
Climate Finance Day – Novembre 2018