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Ircantec

PRI reporting framework 2019

You are in Strategy and Governance » Asset class implementation not reported in other modules

Asset class implementation not reported in other modules

SG 16. ESG issues for internally managed assets not reported in framework (Not Applicable)


SG 17. ESG issues for externally managed assets not reported in framework

17.1. Describe how you address ESG issues for externally managed assets for which a specific PRI asset class module has yet to be developed or for which you are not required to report because your assets are below the minimum threshold.

Asset Class

Describe what processes are in place and the outputs or outcomes achieved

Forestry

Sustainable management of our forestry assets is ensured through various undertakings taken by our asset managers. Through our charter of sustainable forestry management, we namely state the guiding principles which must guide forestry management with a focus on ecological factors e.g. maintaining forests’ good health, fostering biodiversity (notably through its “Natura 2000” membership), protection protected areas, preservation of high cultural-value sites and landscapes as well as ecological quality of maintenance.

Our ”green work” charter also includes guiding principles of sustainable management, such as the limitation of construction work’s direct and indirect impact on its environment. It also has a social component, e.g. preserving a wholesome environment for inhabitants. Limitation of the use of natural resources is also a primary concern.

Inclusive finance

The objective is to strengthen Ircantec's societal commitment by fostering joint development between territories and innovative businesses,  which generates new activities and jobs.

That’s why, Ircantec has decided to allocate € 10 million to funds related to social and solidarity economy ("ESS"). The pension scheme has committed € 5 million in NovESS fund, and € 5 million in Amundi's Finance and Solidarity fund.

17.2. Additional information.


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