Nordea Asset Management (NAM) has been selected by one of the largest public pension plans in France – Ircantec – to co-manage a decarbonisation-focused global equity mandate. With a target of €800 million (US$867.9 million), NAM will be partnering ODDO BHF Asset Management to pursue investment opportunities that contribute to Ircantec’s target of reducing its portfolio emissions by 7% a year. The customised active global equity solution is based on NAM’s BetaPlus Responsible Enhanced Equities Strategies. The mandate will be managed by NAM’s multi-assets team. “We are grateful for Ircantec’s trust in our longstanding BetaPlus capabilities, and we look forward to helping them progress toward a low-carbon future,” said Christophe Girondel, Global Head of Institutional and Wholesale Distribution at NAM. “The opportunities to support Ircantec in reaching their decarbonisation target underscores our commitment to aligning climate objectives with investment performance.” Caisse des Dépôts et Consignations, the French state-owned long-term investment and economic development institution, serves as Ircantec’s fiduciary manager and is responsible for selecting external asset managers to manage dedicated mandates.
