A key role for the Caisse des Dépôts, alongside the UN and major global investors
Very active from the outset of the process that led to the development of the Principles for Responsible Investment (PRI), the Caisse des Dépôts is also the primary financial sponsor of this United Nations initiative. A member of the group of experts and the group of investors (pension funds, major insurance groups and public institutional investors) that worked jointly to draft the PRI, the Caisse des Dépôts also has a seat on the steering committee.
For Francis Mayer, CEO of the Caisse des Dépôts "In light of our reputation as an experienced investor, as well as our long-term vision and focus on the public interest, I naturally wanted the Caisse des Dépôts to play a role in drafting these benchmark principles set forth by the United Nations."
The Caisse des Dépôts among the first signatories.
The Caisse des Dépôts is therefore among the first parties to sign the Principles, which attest to its own engagement, at a ceremony in New York on April 27, 2006 attended by Kofi Annan. Many international institutional investors will be on hand for the European launch of the PRI in Paris, on May 2, 2006.
The Caisse des Dépôts - a responsible investor, acting in accordance with the Principles
France's biggest long-term investor, and one of Europe's major ones, the Caisse des Dépôts would like to see its own practices and policies incorporated within a broader framework of standards that are recognized and shared internationally.
According to Francis Mayer, "our asset management policies and practice already focus particular attention on environmental, social and governance issues. We opted to take these factors into account across the board in our portfolio management, rather than limiting ourselves to a few funds invested in accordance with SRI principles." These considerations are applied across asset classes, and the Caisse des Dépôts was also one of the first players in Europe to innovate in the area of carbon financing and seed capital for eco-industries.
Today, governance issues play a key role in the process, with the development of guidelines for directors and for proxy voting that promote the reasonable exercise of shareholder rights in all shareholder meetings held in France. They are gradually being extended to investments throughout Europe.
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