Creation of Ambition Climat Fund to fight global warming
In order to meet the objectives of the Paris Agreement, Caisse des Dépôts, EDF and eight major French insurers have created three major investment funds to fight against global warming. The three Ambition Climat funds will initially have € 500 million. Two funds will be invested in European equities and will each have € 200 million, while the third fund will be invested in European investment grade bonds for an amount of € 100 million.
To implement these investment funds, the Selection Committee of the ten institutional investors is looking for management companies whose mission will be to present innovative methods to integrate the fight against global warming into financial management. Asset management companies will have to propose an ambitious alignment methodology with a high level of reporting and transparency.