Multiple arms of the French Crédit Agricole group, including Crédit Agricole Assurances and Crédit Agricole CIB, have strengthened their commitment to the energy transition with the launch of its Transition Infrastructure Debt Fund (CATI). Managed by B Corp certified asset manager RGREEN INVEST, the fund will back European companies that develop infrastructure projects for a less carbon-intensive economy. CATI has a €300 million (US$310.6 million) investment capacity. “With the launch of this new fund, and as part of Crédit Agricole Group’s societal project, Crédit Agricole Assurances reinforces its commitment to supporting the low-carbon transition. Given the increasingly challenging environmental context, calling for strong commitments from all economic actors, we are convinced of this new financial platform’s usefulness,” said Nicolas Denis, CEO of Crédit Agricole Assurances. CATI has been categorised as an Article 9 fund under the EU’s Sustainable Finance Disclosure Regulation, with RGREEN INVEST prioritising projects that are eligible in line with the EU taxonomy across themes such as wind power, solar energy, battery power storage and electric vehicle charging stations. “We are delighted to form this partnership, which represents a major milestone in our mission to support energy transition companies,” said Nicolas Rochon, Founder and CEO of RGREEN INVEST.
