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CDC - Caisse des dépôts et consignations

PRI reporting framework 2018

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Outputs and outcomes

LEI 12. How ESG incorporation has influenced portfolio composition

12.1. Indicate how your ESG incorporation strategies have influenced the composition of your portfolio(s) or investment universe.

Describe any reduction in your starting investment universe or other effects.

We exclude companies generating more than 20% of turnover from thermal coal, gaming, cluster bombs, and tobacco.The largest impact is on the mining sector.

Specify the percentage reduction (+/- 5%)

5 %

Select which of these effects followed your ESG integration:

12.2. Additional information.[Optional]

LEI 13. Measurement of financial and ESG outcomes of ESG incorporation

13.1. Indicate whether your organisation measures how your approach to responsible investment in Listed Equity has affected your portfolio’s financial and/or ESG performance.

Describe the impact on:
Describe the impact
Which strategies were analysed?
Funds' ESG performance

13.2. Describe how you are able to determine these outcomes.

We perform an annual ESG review of our portfolio, notably regarding our target to reduce its carbon footprint. We focus on the main contributors to the footprint and review how their GHG targets are set and how they evolve over time, at year end and to forecast our portfolio footprint by 2020.

LEI 14. Examples of ESG issues that affected your investment view / performance

14.1. Provide examples of ESG issues that affected your investment view and/or performance during the reporting year.

ESG issue and explanation

Contribution to portfolio carbon footprint

Impact on investment decision or performance

This analysis impacts the portfolio managers' vision of the company, leading to investment or
dilution and divestment decisions in the equity portfolios

ESG issue and explanation

corporate governance 

Impact on investment decision or performance

There is an ESG scoring that has an influence on the exposition targets to a company, and in 2017, CDC has developped an in-house Governance score based upon upon its voting policy and its implementation by each company to feed into this score. 

14.2. Additional information.[Optional]