Climate Change Data

CPR Invest - Food For Generations

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:56 tonnes-equivalent of CO2 (teq CO2) per million euros of revenues
Carbon Intensity:56 tonnes-equivalent of CO2 (teq CO2) per million euros of revenues

ESG Focus Areas

  • Education

Social Achievements

  • Donated €69,100 in management fees to associations promoting education
  • 100% of portfolio companies reported at least one ESG criterion (88.1% coverage)

Governance Achievements

  • Adheres to Amundi’s Responsible Investment policy, monitored by four committees
  • Expanded research team to six financial and extra-financial analysts in 2022
  • 100% of impact range certified (various certifications mentioned)

Climate Goals & Targets

Environmental Challenges

  • COVID-19's lasting impact on the education sector
  • High absenteeism rates in schools
  • Vulnerability of education budgets to public policy shifts
  • Potential impact of AI (ChatGPT) on student assessment
  • Lack of transparency from some portfolio companies regarding working conditions
Mitigation Strategies
  • Widened investment universe to include companies with best practices in employee training
  • Engagement with companies to improve ESG practices and transparency
  • Exclusion of companies lacking transparency on working conditions
  • Development of a questionnaire to assist managers in interviews with companies

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Paris Agreement, UN Sustainable Development Goals (SDGs), Global Impact Investing Network (GIIN) standards

Certifications: French ISR (SRI) label, Belgian Towards Sustainability label

UN Sustainable Development Goals

  • SDG 4: Quality Education

Investments in companies contributing to improved access to education and lifelong learning

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:321 tonnes of CO2 eq (portfolio)
Carbon Intensity:321 tonnes of CO2e (portfolio)

ESG Focus Areas

  • Climate Change
  • Water Management
  • Biodiversity
  • Waste Reduction
  • Sustainable Food Production
  • Supply Chain Management
  • Social Cohesion

Environmental Achievements

  • Reduced portfolio carbon intensity by 18.5% over 1 year
  • Reduced portfolio water intensity by 20.26% vs. the universe
  • 70% of Sprouts Farmers Market's waste did not end up in landfills in 2023
  • CNH Industrial pledged to reduce Scope 1 and 2 carbon emissions by 50% per hour of production by 2030
  • Stora Enso reduced CO2 emissions at production facilities (Scopes 1 and 2) by 41% compared to 2019

Social Achievements

  • CNH Industrial pledged to increase the percentage of women employees to at least 20% in supervisory positions by 2024
  • Sodexo launched a European partnership with the European Food Banks Federation (FEBA) to increase food donations
  • Sprouts Farmers Market employs 32,000 people and opened 30 new stores in 2023

Governance Achievements

  • 100% participation rate in general meetings of portfolio companies
  • Amundi ranked in the top 3 in terms of voting performance on environmental and social shareholder resolutions (ShareAction's Voting Matters report)
  • CPRAM achieved 100% participation and success rate in mandatory ESG training for employees

Climate Goals & Targets

Long-term Goals:
  • Support portfolio companies in achieving net-zero emissions
Medium-term Goals:
  • Encourage greater adoption of SBT initiatives by portfolio companies
  • Promote the transition to more sustainable farming practices
Short-term Goals:
  • Continue reducing portfolio carbon and water intensity
  • Improve transparency and action plans on water management in portfolio companies

Environmental Challenges

  • High carbon intensity of the agro-food value chain
  • Water scarcity and pollution
  • Biodiversity loss
  • Waste generation
  • Lack of sufficient processes or disclosures on water management in some portfolio companies
  • Challenges in transitioning to organic and circular farming practices
Mitigation Strategies
  • Engagement with portfolio companies on water management, biodiversity, waste reduction, and SBT initiatives
  • Exclusion of companies with poor ESG practices
  • Investment in companies with strong ESG profiles and commitments
  • Supporting companies' transition to more sustainable practices through dialogue and collaboration
  • Implementing a water engagement campaign targeting 10 companies in the food & beverage sector
  • Initiating an engagement campaign with fertilizer producers to reduce their environmental impact

Supply Chain Management

Responsible Procurement
  • Responsible sourcing of products (Sprouts Farmers Market)
  • Codes of conduct for suppliers (Sodexo)

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events impacting agriculture
Transition Risks
  • Regulatory changes impacting fertilizer use
Opportunities
  • Development of low-carbon agricultural technologies (CNH Industrial)

Reporting Standards

Frameworks Used: Paris Agreements, UN Sustainable Development Goals (SDGs), Global Impact Investing Network (GIIN) standards

Certifications: French ISR (SRI) label, Belgian Towards Sustainability label

UN Sustainable Development Goals

  • SDG 2.4
  • SDG 6.4
  • SDG 12.5
  • SDG 15.2

The fund's investment strategy aligns with these SDGs by supporting sustainable food production, water efficiency, waste reduction, and sustainable forest management.

Sustainable Products & Innovation

  • CNH Industrial's development of a methane-powered tractor
  • Stora Enso's fibre-based packaging solutions

Awards & Recognition

  • Sodexo's platinum rating from EcoVadis
  • CNH Industrial's top 5% ranking in S&P Global Corporate Sustainability Assessment