The French Public Service Additional Pension Scheme (ERAFP) has adopted a biodiversity policy for the first time, as well as updating its climate commitments for the years 2025-2030.

Both policies were adopted by the fund’s board of directors at its last meeting in April, as part of its socially responsible investment (SRI) approach.

ERAFP said “demanding frameworks” within its investment policy have been established with the implementation of the two policies. With the two interrelated, it “consolidates” the responsible investment approach adopted by the institution 20 years ago.

“Biodiversity loss has profound and varied repercussions on our planet: like climate change, it is a crucial challenge for our society and our economy,” it stated.

It continued: “To help address this challenge, ERAFP, as a committed institutional investor, has a role to play: by integrating biodiversity considerations into its ESG policy, the institution can not only contribute to the preservation and restoration of natural ecosystems, but also promote a more sustainable and resilient economy.”

The biodiversity policy adopted by the fund seeks to align with the goals of the 1992 Convention on Biological Diversity – namely, the conservation of biodiversity, the sustainable use of its components, and the fair and equitable sharing of the benefits arising from the use of genetic resources and associated knowledge.

It also supports the Kunming-Montreal Global Biodiversity Framework and its 23 targets for 2030.

The policy is structured around six key strategic areas that span the entire investment process.

These include understanding biodiversity-related challenges, assessing impacts and dependencies, integrating biodiversity into investment decisions, engaging with investee companies, tracking progress, and communicating results, all under the strategic guidance of ERAFP's governance.

In parallel, ERAFP’s reinforced climate ambitions for 2025–2030, as part of its commitment to the Net Zero Asset Owner Alliance, include updated targets for decarbonisation, portfolio alignment, shareholder engagement, and financing the ecological transition.

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