Ircantec awards Amundi and BNP Paribas nearly €1.6bn climate-linked equity mandates
The mandate uses a custom MSCI SRI index with a 7% annual decarbonization target.
At a glance
Ircantec awarded nearly €1.6 billion in equity index mandates to Amundi and BNP Paribas Asset Management this week, our tracking shows, with a custom MSCI SRI index carrying a 7% annual decarbonization target.
ABP invested €150 million with SLM Partners under the Dutch pension fund's €11 billion climate and biodiversity target, our tracking shows.
Ircantec awarded nearly €1.6 billion in equity index mandates to Amundi and BNP Paribas Asset Management this week, our tracking shows, with a custom MSCI SRI index carrying a 7% annual decarbonization target. The mandate includes two European equity index funds of nearly €400 million each and an €800 million global fund.
The Geraldine R. Dodge Foundation committed its full portfolio to closing the racial wealth gap, ImpactAlpha reported on Oct. 13. The commitment covers all assets, not a separate program.
ABP invested €150 million with SLM Partners under the Dutch pension fund's €11 billion climate and biodiversity target, our tracking shows. The allocation is about 1.4% of that envelope.
The three allocations differ in size and structure, but each specifies its objective in the mandate rather than leaving it to management discretion.
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