Etablissement de Retraite Additionnelle de la Fonction Publique, Paris, is searching for rating agencies to assess the pension fund’s investments on environmental, social and governance criteria across different asset classes.
The €23 billion ($25.6 billion) pension fund’s search is split into a search for an agency to assess the socially responsible investing rating of corporate issuers in its portfolios, and of non-corporate issuers, said a notice on French public procurement website achatpublic.com. An ERAFP spokeswoman said the agencies will be rating assets of about €10 billion for each set of issuers.
The previous providers of these services were Vigeo and Oekom Research AG, which were awarded the contracts in 2010.
The new contracts will last four years, with the option of a two-year extension.
Information and the RFP are available on achatpublic’s website. Proposals are due July 4, and a decision is expected in October.