Ircantec, one of France’s largest public pension schemes, has selected Nordea Asset Management (NAM) to manage an €800 million global equity mandate dedicated to decarbonisation. The mandate, launched in January 2025, will be managed in collaboration with ODDO BHF Asset Management and aims to help Ircantec meet its target of reducing CO2 emissions by 7% annually.
The investment strategy, designed to align with Ircantec’s sustainability goals, will focus on a bespoke active global equity approach. NAM’s BetaPlus Responsible Enhanced Equities Strategies will be central to the mandate, incorporating proprietary tools for tracking decarbonisation progress towards net-zero targets.
The mandate will be overseen by NAM’s experienced Multi Assets Team, which manages €60 billion in assets and has 15 years of expertise in BetaPlus strategies. Additionally, NAM’s Responsible Investments Team will assess companies based on their contributions to sustainability.
This move is part of Ircantec’s broader commitment to sustainable investing. Last month, the pension scheme also allocated €250 million to Nomura’s sustainable equity strategy, with plans to scale it to €1.8 billion. By 2030, Ircantec aims to direct 15% of its assets towards the transition to a greener economy and divest from fossil fuel investments.
With over €17 billion in assets, Ircantec continues to strengthen its role in the global shift towards sustainability through strategic investment decisions that prioritize both financial and environmental returns.
C02 Emission Reduction Decarbonalization Picture by Freepik
