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Fonds de réserve pour les retraites - FRR

PRI reporting framework 2020

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Governance and human resources

SG 07. RI roles and responsibilities

07.1. Indicate the internal and/or external roles used by your organisation, and indicate for each whether they have oversight and/or implementation responsibilities for responsible investment.

Roles

Select from the below internal roles 

          Managers selection , Legal, Operations - Risk

07.2. For the roles for which you have RI oversight/accountability or implementation responsibilities, indicate how you execute these responsibilities.

ESG issues are integrated into incentive packages.

07.3. Indicate the number of dedicated responsible investment staff your organisation has.

3 Number

07.4. Additional information. [Optional]

A special committee composed of every Directions of the FRR is involved in Responsible Investment decisions (7 people including dedicated responsible investment staff).

SG 07 CC. Climate-issues roles and responsibilities

07.5 CC. Indicate the roles in the organisation that have oversight, accountability and/or management responsibilities for climate-related issues.

Board members or trustees

Chief Executive Officer (CEO), Chief Investment Officer (CIO), Chief Risk Officer (CRO), Investment Committee

Other Chief-level staff or heads of departments

Portfolio managers

Dedicated responsible investment staff

External managers or service providers

07.6 CC. For board-level roles that have climate-related issue oversight/accountability or implementation responsibilities, indicate how these responsibilities are executed.

  • Monitoting of incorporation of ESG/climate related issues in RFPs.
  • The board monitors and oversees progress each year by submitting FRR's global portfolio to the assessment of external ratings agencies (Vigeo Eiris, S&P Truscost).
  • The management Board is accountable to the Supervisory Board for the implementation of Responsible Investment Strategy.

07.7 CC. For management-level roles that assess and manage climate-related issues, provide further information on the structure and processes involved.

  • Climate related issues are considered for every RFP (10 per year in average - 50 questions related to ESG in RFP questionnaires).
  • The mangers monitors and oversees progress each year by submitting FRR's global portfolio to the assessment of external ratings agencies (Vigeo Eiris, S&P Truscost). 
  • Those assessments are used during investment committees to discuss with the asset managers.
  • Implementation of the Strategy

07.8 CC. Indicate how your organisation engages external investment managers and/or service providers on the TCFD recommendations and their implementation.

SG 08. RI in performance management, reward and/or personal development

08.1. Indicate if your organisation’s performance management, reward and/or personal development processes have a responsible investment element.

Board members/Board of trustees

08.1b. RI in personal development and/or training plan

08.2. Describe any activities undertaken during the reporting year to develop and maintain Board members’ skills and knowledge in relation to responsible investment.

  • Specialized conferences
  • Experts auditions
  • Internal ESG sesssions

Chief Executive Officer (CEO), Chief Investment Officer (CIO), Chief Operating Officer (COO), Investment Committee

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

Other C-level staff or head of department 

          Managers selection , Legal, Operations - Risk

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

Portfolio managers

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

Dedicated responsible investment staff

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

08.3. Provide any additional information on your organisation’s performance management, reward and/or personal development processes in relation to responsible investment.

The organisation’s performance management reward processes in relation to responsible investment are qualitative.

08.4. Describe the level of experience board members/trustees/chief-level staff have with incorporating ESG factors into investment decision-making processes. 

          Since 2005, ESG is embedded in every investment process. Every process is validated and monitored by the chief level staff and board members.
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