13/06/2013
FRR launches RFP to select a provider of extra-financial risk analysis
P { margin-bottom: 0.08in; } The French pension fund Fonds de réserve pour les retraites (FRR) has announced that it is launching a request for proposals to select a new provider of analysis of extra-financial risk, as its first contract for “Provision of analysis of extra-financial risks for the FRR portfolio” is expiring.For this contract, the public market procedure selected is that of an adapted procedure as defined by articles 26 and 2 of the Public market code. The contract will be signed for a two-year period from the time of notification, with a possible extension for one year.As a part of its Responsible Investment Strategy, the FRR points out that in 2008 it acquired the means to monitor and prepare for extra-financial risks which may have an impact on its investments and reputation. Risks for the FRR may result from failure to respect businesses in which it invests. The principles include the United Nations Global Compact, good governance, and principles enshrined in international conventions ratified by France, including the Ottawa and Oslo conventions.This particular resource is applied transversally to the entire portfolio of the FRR, and comes in addition to the vigilance which managers already exercise in this area. A Responsible Investment Committee of the Supervisory Board has been created for this purpose. The Committee relies on regular analysis by specialist agencies and the proposals of the Board to evaluate cases of failure to respect fundamental standards, and to decide on measures to be taken.Providers interested in the request for proposals have until 26 June 2013 at 12:00 (Paris time) to respond to the FRR within the conditions specified by the consultation letter.
