The €29bn ($40.5bn) French pensions reserve fund (FRR) has made one of the world’s most explicit carbon offsetting commitments by a pension fund by investing in a hydro power project in Mexico to compensate for the equivalent of 700 tonnes of CO2 it emits every year. In a relatively rare move by a pension scheme, FRR recently underwent a carbon audit by EcoAct, a Paris-based environmental consultant, which found it emitted the equivalent of 700 tonnes of CO2 during the year 2008.
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France’s €29bn FRR goes ‘carbon neutral’ with hydropower offsets – tenders €5bn bond mandates: The €2… http://bit.ly/8PlXn8
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France’s €29bn FRR goes ‘carbon neutral’ with hydropower offsets – tenders €5bn bond mandates: Th.. http://bit.ly/8GKMOK #carbonoffset
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