The CPF is structured as an investment fund managed by BlackRock. There will be two types of investors: one made up of foundations and donors such as AFD, KfW and JBIC, and a second made up of private investors. The investment decisions will be delegated to BlackRock who will follow the defined investment policy.
This project, like all other projects followed by the French and German public authorities, will be subject to the same environmental, social and governance standards. They will be required of BlackRock as of any other fund manager.
France and Germany will participate in the fund's advisory committee in order to help monitor the proper implementation of the investment policy, which, on the most important points from the governments' point of view, cannot be modified without the agreement of both states.
Press release:
www.afd.fr/fr/actualites/communique-de-presse/davos-2020-climate-finance-partnership
Contacts
For the AFD:
Magali Mévellec
+33 1 53 44 40 31
mevellecm@afd.fr
For the Federal Ministry of Environment, Nature Conservation and Nuclear Safety of Germany (BMU):
Stephan Gabriel Haufe
+ 4930183052010
presse@bmu.bund.de
For BlackRock:
Ed Sweeney
+1 (646) 231-0268
ed.sweeney@blackrock.com