The Board of Trustees, based on its roadmap 2016-2020 and CDC proposals, is responsible for oversight of climate-related activities.
During the technical and financial steering committee, our services providers present their outcomes to the board of trustees. That concerns the analysis of extra-financial risks (Vigeo-Eiris) and the carbon footprint and energy transition contribution of the portfolio (I Care, Beyond Ratings).
As fiduciary manager of our scheme, the CDC provides feedback on a regular basis on the development of the climate strategy, organized around 4 axis : invest and measure; be involved; finance; and communicate.
The annual ESG & Climate report displays our dedicated indicators (on carbon footprint compared to benchmarks, stranded assets, alignment with 2° C scenario, etc...).
Ircantec is also conducting initiatives with asset managers and peers in order to improve the inclusion of climate-related issues in investment processes and decisions.
The accountability of the Ircantec board is enforced through communications on website, newsletters for beneficiaries, and annual reporting's.