FRR looking for analytics on environmental impact of portfolio

Fonds de Reserve pour les Retraites is seeking one or more analytics providers to measure and evaluate the environmental footprint of its portfolio.

The €37.2 billion ($39.2 billion) pension fund based in Paris intends to identify assets with a heavy carbon footprint, posing physical risks, generating energy and assets supporting ecological transition, said a public procurement notice.

A provider will be selected for a two-year period with a possibility of a one-year extension.

FRR said in December it would exclude tobacco companies and those that derive more than 20% of their revenue from thermal coal extraction from its equity and bond portfolios.

The RFP is available on a French procurement website. Registration is required. Proposals are due Jan. 30.

A spokesman for the pension fund was not available by press time for a further comment about the search.