The 2-infrachallenge method is supported by a high-level international scientific committee

The 2-infrachallenge team is pleased to have the support of a high-level scientific committee throughout the project. The scientific committee is composed of the following members: • Carel Cronenberg – Associate Director, MRV Manager – EBRD • Stéphane Hallegatte – Lead Economist – World Bank • Mireille Martini – Policy Analyst – OECD • Morgane Nicol – Program Director – I4CE • Aurélien Saussay – Head of the Environment Division – Sciences Po, French Economic Observatory

The purpose of this scientific committee is to challenge and inform key methodological decisions regarding investment scenarios consistent with the objectives of the Paris Agreement and the assessment of climate risks. The committee also ensures that methodological choices are consistent with the latest scientific advances on these issues.

About 2-infrachallenge

"2-infra challenge" is a new assessment method led by Carbone 4 that will measure the alignment of infrastructure with a 2-degree pathway and the associated climate risks.

This project is supported by major infrastructure stakeholders: Agence Française de Développement (AFD), La Banque Postale Asset Management, Meridiam, and EIT Climate KIC.To achieve the goals of the Paris Climate Agreement, it is essential to redirect funding on a massive scale toward sustainable and resilient infrastructure that will enable the low-carbon transition. The infrastructure decisions made today are crucial for future emissions resulting from their use for decades after they are built. In other words, today’s infrastructure investment decisions commit us to a very long-term climate future.

Infrastructure is also highly vulnerable to the risks posed by climate change, including physical risks and transition risks, which could lead to a loss in their value. To align their investment strategy with a 2-degree pathway and to manage climate risks, infrastructure finance stakeholders need operational and shared tools. The method “2-infra challenge” will enable infrastructure investors to answer two questions: • Is my investment strategy aligned with the 2-degree target, and how can I set it on the right path to achieve that target? • To what extent are my assets exposed to climate risks, particularly transition risks and physical risks? This methodology, which will be multisectoral and multigeographic, can be used by all stakeholders in infrastructure investment and financing. Launched in October 2018 as part of Paris InfraWeek, the development of the methodology will continue through June 2019.

AFD Lou Bachelier-Degras Phone: +33(0)1 53 44 34 24 bachelierdegrasl@afd.fr

La Banque Postale Asset Managementt Céline Guilbert-Bénard Tel: +33(0)1 57 24 21 07 Celine.guilbert-benard@labanquepostale-am.fr

Carbon 4 Alexia Soyeux Phone: +33 (0)1 76 21 10 00 alexia.soyeux AT carbone4.com

Meridiam Antoine Lenoir Phone: +33 (0) 6 07 50 75 85 a.lenoir@meridiam.com

EIT Climate KIC Catherine Ouvrard Phone: +33 (0) 7 62 20 29 15 catherine.ouvrard@climate-kic.org

About the French Development Agency: As a public and socially responsible financial institution, AFD plays a central role in French development policy. It is committed to projects that tangibly improve people’s daily lives in France’s overseas territories as well as in developing and emerging countries, in line with the Sustainable Development Goals (SDGs) and the priorities of France’s foreign policy. With a presence in 109 countries through a network of 85 offices, AFD currently supports more than 3,500 development projects. www.afd.fr

About Banque Postale Asset Management: With aggregate assets under management (LBPAM-Tocqueville Finance) of 220 billion euros as of December 31, 2018, La Banque Postale Asset Management (LBPAM) is France’s fifth-largest asset management firm. Since June 2018, LBPAM has been the majority shareholder of Tocqueville Finance.  A 70% subsidiary of La Banque Postale, with Aegon AM holding a 25% stake and Malakoff Médéric holding a 5% stake, LBPAM manages the majority of the funds offered to La Banque Postale’s retail and high-net-worth clients. For its institutional investor clients—including insurers, mutual insurance companies, large corporations, and external distributors—it offers a range of open-end funds, dedicated funds, and discretionary management mandates. As a full-service asset manager, LBPAM operates across all asset classes. A specialist in credit management and insurance solutions, its expertise is also recognized in the management of private debt funds in the infrastructure, real estate, and corporate sectors. www.labanquepostale-am.fr

About Carbone 4 Led by Alain Grandjean, Jean-Marc Jancovici, and Laurent Morel, Carbone 4 is an independent consulting firm and a leader in climate strategy, energy transition, and climate change adaptation. Our team supports public and private sector stakeholders in the transition to a low-carbon economy that is resilient to climate change. www.carbone4.com

About EIT Climate KIC EIT Climate-KIC is a European knowledge and innovation community whose goal is to accelerate the transition to a low-carbon economy. Supported by the European Institute of Innovation and Technology, EIT Climate-KIC identifies and supports innovations that enable society to mitigate and adapt to climate change. EIT Climate-KIC is convinced that a sustainable, low-carbon economy is not only necessary to prevent catastrophic climate change, but also presents a wealth of opportunities for businesses and society. www.climate-kic.org

About Meridiam: Meridiam was founded in 2005 by Thierry Déau, based on the belief that aligning the interests of the public and private sectors can provide critical solutions to the collective needs of communities. Meridiam is an independent investment firm specializing in the development, financing, and management of sustainable, long-term public infrastructure assets and projects in the areas of mobility for goods and people, the energy transition, and social infrastructure. With offices in Addis Ababa, Amman, Dakar, Istanbul, New York, Luxembourg, Paris, Toronto, and Vienna, Meridiam currently manages €7 billion in assets and more than 70 projects and assets to date. Meridiam is ISO 9001: 2015 and ISO 26000 Robust by VigeoEiris, and applies a systematic and proprietary methodology for ESG (environmental, social, and governance) and impact assessment based on the United Nations Sustainable Development Goals (UNSDGs). www.meridiam.com