SCOR Investment Partners is awarded the EETC label for its fund SCOR Infrastructure Loans III
SCOR Investment Partners, the SCOR group’s asset management company, announces that its third generation infrastructure debt fund, SCOR Infrastructure Loans III, has been awarded the EETC label (Energy and Ecological Transition for Climate). The label was awarded on January 17, 2018, following an independent audit by Novethic.
Launched in 2015 by the French Ministry of the Environment, Energy and the Sea, the EETC label guarantees that a fund invests most of its assets in environmentally-friendly activities and that it excludes nuclear and fossil fuel businesses, as well as companies involved in controversial environmental or social practices.
The SCOR Infrastructure Loans III fund was launched in November 2017 and intends to address climate change by participating in the transition to more sustainable energy. The fund aims to build a diversified portfolio of infrastructure projects with a positive environmental impact across sectors such as renewable energy, the environment, rail transport, smart meters, data centers, and so on.
François de Varenne, Chief Executive Officer of SCOR Investment Partners, comments: “We are proud that SCOR Infrastructure Loans III is financing green growth and contributing to the energy transition. The EETC certification underscores SCOR Investment Partners’ long-term commitment to reducing the causes and impacts of climate change.”
Dominique Blanc, Novethic Head of Research, declares: “Building on a structured ESG approach, SCOR Investment Partners now combines its infrastructure expertise with an ambition to finance projects dedicated to the Energy and Ecological Transition. This gives the SCOR Infrastructure Loans III fund all the required qualities to obtain the EETC label.”