Created in 2016 by the French government’s Ministry of Economy and Finance, the ISR-label is awarded exclusively to funds which demonstrate concrete and measurable results from socially responsible investments.
 
Its scope was extended to real estate in 2020, and made available to funds which complete the renovation of old buildings to achieve better standards of insulation and energy performance.
 
The label has been awarded to Mark’s Paris Urban Regeneration Fund (MPUR), which is managed with Mark's French investment and development platforms Stepling and Assembly.
 
Targeting €750 mln of assets under management, the fund's strategy is to acquire prime-located but obsolete or under-utilised buildings in Paris and redevelop them into mixed-use commercial-led spaces with unrivalled ESG credentials.  
 
In July this year, MPUR acquired the former headquarters of Liberation newspaper in Le Marais, which will be transformed into a state-of-the-art office building of 6000 m2 with industry-leading ESG, amenity and technology credentials.
Philippe Bidaud, managing director of Mark in France and board member, said: ‘The ISR-label of our first Paris-focused fund is a recognition of the positive environmental and social impacts our investments will have. Obtaining this ISR-label has only been possible thanks to a robust ESG strategy that is backed by a rating framework and reporting process for our various project stakeholders. We are proud that MPUR carries these essential extra-financial values for the society of today and tomorrow.’