Fonds de Reserve pour les Retraites, Paris, is searching for firms to assist the €32.7 billion ($36.7 billion) pension fund in improving the integration of environmental-social-governance criteria into its investment policy, according to a news release from the fund.
The pension fund has issued two requests for proposals for firms that are capable of providing analyses of its portfolio with those ESG-related goals.
The first RFP has been issued for service providers "to monitor and prevent extra-financial risks associated with its portfolio securities that may potentially impact on the FRR's reputation," the July 26 news release said.
Risks could include the failure by the companies in which FRR invests to comply with recognized principles such as the United Nations Global Compact or international treaties ratified by France.
The second RFP has been issued for service providers to measure, analyze and monitor the pension fund portfolio's "environmental footprint," the news release said. The analysis would enable FRR to identify assets with the greatest carbon footprint, to comply with the international aim of limiting global warming.
A spokeswoman for the pension fund could not be immediately reached to provide further information.