The 2 ° C international target is included in all Caisse des Dépôts Group equity portfolios through the commitment to reduce the carbon footprint of CDC's portfolios by 20% between 2014 and 2017.
Indeed, this reduction target is in line with the carbon target of the European Union, submitted in its "Nationally Determined Contribution" (NDC's).
Work is also underway to refine the analysis of the alignment of equity portfolios with this objective. For instance, CDC excludes investment in companies exposed to more than 20% to thermal coal.
Investing in Transition assets enabled CDC to issue an Inaugural Green Bond in March 2017 (500 million EUR for 5 years) to accompany the ecological and energy transition in three sectors: real estate, generation of renewable energy for electricity and heat, and site rehabilitation / soil decontamination.
A specific reporting framework has since been elaborated for the Green Bond assets, including on avoided emissions of CO2, number of households supplied with green energy, direct employment sustained, and energy performance/energy savings (for real estate assets in construction and renovation).