PARC is a research and data collaboration hub designed to make sustainable Finance a key response to the global climate change and sustainability challenges. Through its founders and thanks to the ILB and its partners, PARC main objective is to foster a collaborative research ecosystem to produce applied research and robust tools and modelling to boost the transition pathway of financial institutions and deliver innovative solutions to meet the Paris Agreement’s goals.
Structured in the form of a is a non-profit and independent foundation under the aegis of the “Fondation du Risque” together with its co-founders (Institut Louis Bachelier, Ademe, Ecole des Ponts Paris Tech and Institut des actuaires) PARC aims to drive innovation and excellence in research outputs for building the case of sustainable finance. We believe it is key to support the Paris Agreement ambitions with concrete, robust and accessible science based sustainable finance related solutions, tools and benchmark that are indisputable in the context of increasing debate and push-back in the fight against climate change.
PARC guiding principles are integrity, interdisciplinary collaboration, scientific rigor and innovation inclusivity. Its governance consists of two separate committees.
A Strategic Advisory Board chaired by Bertrand Badré gathering representatives from the founders and key members with a goal to define and drive the overall PARC strategy.
A Scientific Committee chaired by Pierre-Louis Lions with a dual membership that guarantees the adequacy of the research work with the needs of professionals:
- an academic college with representatives of the main French research centres on sustainable finance.
- a practitioner’s college with representatives of public and private financial institutions.