FRANCE - VIGEO, EIRIS and TRUCOST have been selected to carry out the French Pensions Reserve Fund's (Fonds De Reserve Pour Les Retraites/FRR) first extra financial reports.
The €29.1bn chose VIGEO to analyse its €13.7bn European equities portfolio and make sure the investments are in line with the FRR's SRI principles.
EIRIS will be producing a report on compliance with international covenants for the global equity portfolio worth €17.9bn. The company will be responsible for those covenants linked to the respect for basic human and workers rights.
The FRR appointed TRUCOST to assess the environmental imprint, threats and opportunities of the global equity portfolio.
Each company will provide the FRR with warning and extra financial research services throughout 2007.
The selection process was launched in October.
The aim of the reporting will be to allow FRR management to measure the environmental, social and governance quality of its portfolio, assess to what extent its SRI investment approach contributes to sustainable development and to identify the financial threats and opportunities to which it may be exposed.
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