PRI board asset owner election candidates: Caisse des Dépôts’ Pierre Ducret

Name: Pierre Ducret
Title: Special advisor for climate change and COP21
Signatory organisation: Caisse des Dépôts et Consignations – France
Signatory organisation seconding your candidacy: Humanis, French mutual pension and social protection fund.

CANDIDATE STATEMENT

PRI is a relevant initiative to spearhead sustainable finance and showcase progress of its members in the transparency and accountability of their compliance with responsible principles.
Beyond that, I’m convinced that the financial industry is not neutral as regards the transition toward a sustainable low-carbon and resilient economy. Of course we need appropriate regulations and signals to flow the money on the right assets. But finance has its own part of responsibility to help and accelerate this evolution and it is the long term interest of financial actors to anticipate it. What is now at stake is the capacity of the global financial system to shift through an orderly process toward a new pattern, this “capital green shift” being an essential contribution to the global green shift itself.
PRI embodies this wise finance leadership and can play a decisive role, in the coming years, for dialogue both within the industry and with the regulators.

Within the financial industry, I am particularly interested in the fiducuary duties related to climate change and in metrics issues in search of clear methods to align portfolios with climate objectives.
As regards regulations, I think that there is a very dense dialogue agenda in the coming years, given the accelerations of initatives (G20, French law, British supervision…) As a member of the board, I will commit to this exciting collective challenge by investing my long personal and professional experience, my knowledge of the climate finance issues and my team-player capacity.BIOGRAPHY
Pierre Ducret is “Contrôleur Général” of Caisse des Dépôts, Special Advisor for Climate Change & COP21 of Caisse des Dépôts Group and chairman of the think tank Aprec- CDC Climat Research.
He was previously Chairman and Chief Executive Officer of CDC Climat, a Caisse des Dépôts subsidiary dedicated to supporting the transition to an ecological and low-carbon economy, whose financial activities has been internalised by Caisse des Dépôts in March 2015.
His lifetime experience combined local development financing, urban management, high level corporate strategic management. He dedicated soon to sustainable finance issues and was a pionneer in climate finance.
Over 15 years, Pierre Ducret contributed to regional planning and developed initiatives for local authorities. He started his career as an executive manager in local development at the Caisse des Dépôts Group, succesively as head of two regional offices: Aquitaine and Rhône-Alpes (1982-1988). He was then Managing Director at the Greater Lyon Authority from 1990 to 1996.
Upon his return to Caisse des Dépôts Group in 1996, he served as deputy executive director of the Pension Schemes Branch until 2000 when he was named Chief Administrative Officer of the Group.
From 2003 to 2010, he was Senior Executive Vice-President of Caisse des Dépôts, Director for Banking Services.
Pierre Ducret was born in July 8, 1955. He is a graduate of Sciences-Po and the Ecole Nationale d’Administration, and holds a Master’s degree in philosophy.
From 2000 to 2010, as a Member of the Caisse des Dépôts Group Management Committee, he directed the Caisse des Dépôts Group’s sustainability strategy, before creating CDC Climat.