French central bank formalises responsible investment stance

The French central bank has adopted a responsible investment charter that will govern the management of some €20bn of assets.

The charter is part of Banque de France’s vision of its corporate social responsibility, which it formally documented in a charter at the end of 2016.

The central bank said its responsible investment charter reflected an ambition to be “exemplary” in how it took into account its corporate social responsibility “in all its dimensions” and applied this to its role as an institutional investor.

The responsible investment policy covers the bank’s own funds, including pension assets. A spokesperson for the bank told IPE that it applied to close to €20bn of assets as at the end of December, around two-thirds of which were in portfolios linked to pension obligations.

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