The board of directors of the French Public Service Additional Pension Scheme (ERAFP) has updated its shareholder engagement guidelines with a focus on the fight against climate change.

The commitment was made at a meeting on 8 February with ERAFP stating it will continue to “deepen and enrich its guidelines” after several years of implementation.

Its focus on climate change will centre on the promotion of strategies in line with the objectives of the Paris Agreement.

The pension fund has also committed to the fight against tax optimisation practices through the promotion of greater transparency, and will integrate a new theme, that of biodiversity, through the promotion of policies and strategies integrating these issues within portfolio companies.

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