Partners of the Long Term Investment and Reindustrialisation Intergroup


Partners contributing to the intergroup’s Secretariat


logos partners

European Federations


National Associations

Individual Members

Common message of the partners

As the EU is emerging from the most severe financial crisis in its history, one of its main challenges now lies in the need to encourage long-term investments to support competitiveness, jobs creation and to revive smart, sustainable and inclusive growth.

Besides necessary structural reforms, there are particularly large unsatisfied needs as regards the financing of innovative businesses, especially for SMEs and mid-caps, infrastructures and the transition towards a resource-efficient, low-carbon economy that is more respectful of mankind and the environment. In order to move forward on the road to firm and sustainable growth, Europe must embark upon a decisive programme to support private and public investment.

With this objective in mind, we would like to express our support to the intergroup for the promotion of long-term financing of sustainable investment in favour of the European real economy. This intergroup promotes substantive debate on Long-Term Investment related issues in the prospect of regulatory framework initiatives and of contribution to stimulate investment. It facilitates exchanges between the relevant European policymakers and stakeholders, and contributes to a strengthened dialogue with public and private long-term investors.

We are fully committed to contributing to this European debate.


Presentation of the partners

CDC bicentenaire

Caisse des Dépôts et Consignations (CDC) is designated by law as a public group dedicated to promoting the general interest and the national economic development. In this context, CDC has been entrusted with a role of long term investor and manages assets on behalf of the French State and provides financial support infrastructures projects, and enterprises through its subsidiary Bpifrance. For almost 200 years, it has never failed in its mission, whatever the economic situation, thanks to proven know-how: an excellent awareness of local issues, through its presence and its close proximity with each of the regions in France, a capacity to construct links between the public and private sectors, to create innovative solutions which respond to collective needs. At European level, CDC is one of the core sponsors of the Marguerite Fund which provides financing to projects in the field of energy and transport infrastructures as well as renewable energy and fight against climate change.


KfW is one of the world’s leading promotional banks. With its decades of experience, KfW is committed to improving economic, social and ecological living conditions all around the world on behalf of the Federal Republic of Germany and the federal states. To do this, it supplied funds totalling EUR 72.5 billion in 2013 alone; and of this, 38 % went into measures for protecting the environment and combating climate change. As a ‘Bank aus Verantwortung’ (a bank committed to responsibility), KfW sustainably supports change in the economy, ecology and society. The main focal points of its work are: Promotion of small and medium-sized companies and of start-ups, programmes for energy-efficient refurbishment of residential buildings, support of measures to protect the environment, educational finance for retail customers, funding programmes for municipalities and regional development banks, export and project financing and promotion of developing and transition countries.

Cassa Depositi e Prestiti (CDP) is a joint-stock company under public control, with the Italian government holding 80.1% and a broad group of bank foundations holding 18.4%, the remaining 1.5% in treasury shares. Cassa Depositi e Prestiti manages a major share of the savings of Italians – postal savings – which represent its main source of funding. CDP uses its resources to pursue its institutional mission to support the growth of the country: it has long been the leader in financing the investments of public entities it acts as a catalyst for the development of infrastructure it is key player in supporting the Italian economy and national enterprise. CDP is the controlling shareholder of Fondo Strategico Italiano (FSI) which acquires stakes in firms deemed to be of “significant national interest” that are financially stable and offer significant growth and profit – generation prospects. CDP is a founding member of the Long-Term Investors’ Association, which brings together long-term institutional investors from around the European Union. Its goal is to affirm the key role that long-term investing plays in spurring european economic growth and ensuring financial stability.


Launched in Paris after the publication of the European Commission Green Paper on the Long-Term financing of the European Economy, in July 2013, the European Long-Term Investors Association (ELTI) gathers 27 European long-term financial institutions. With a combined balance sheet of € 2.45 trillion, ELTI’s goal is to promote long-term investment in close alignment with the objectives and initiatives developed by the European Union to foster sustainable, smart and inclusive growth and job creation. The Full Members of ELTI are generally national official financial institutions dedicated to the promotion of public policies at national and EU level. ELTI also includes Associate Members notably multilateral financial institutions, regional financial institutions, and non-banking institutions such as pension funds.


Eurosif is the leading pan-European sustainable and responsible investment (SRI) membership organisation whose mission is to promote sustainability through European financial markets. Eurosif works as a partnership of Europe-based national Sustainable Investment Forums (SIFs) with the direct support of over 65 Member Affiliate organisations drawn from the sustainable investment industry value chain. These Member Affiliates include institutional investors, asset managers, financial services, index providers and ESG research and analysis firms totalling over €1 trillion assets. Eurosif’s indirect European network spans across over 500 Europe-based organisations. Eurosif is also a founding member of the Global Sustainable Investment Alliance, the alliance of the largest SIFs around the world. The main activities of Eurosif are public policy, research and creating platforms for nurturing sustainable investing best practices.


The European Centre of Employers and Enterprises providing Public Services (CEEP) is a European association representing enterprises which carry out services of general economic interest, regardless of their ownership or legal status. CEEP is one of the three cross-industry social partners (Business Europe and CEEP as employers’ associations and ETUC as employee’s association) on a European level and recognized by the European institutions. It represents public sector employers in the European Social Dialogue.


The European Construction Industry Federation (FIEC) gathers 33 national member federations in 29 European countries (28 EU & EFTA and Turkey). It represents, without discrimination, construction enterprises of all sizes (from one person craftsmen and SMEs through to large international firms), from all building and civil engineering specialities, engaged in all kinds of working methods (whether operating as general/ main contractors or as sub-contractors). This wide-ranging representativeness was officially recognised in a study undertaken on behalf of the European Commission so that FIEC is the “Social Partner” representing employers in the European Sectoral Social Dialogue “Construction”.


Established in 1967, the European Mortgage Federation (EMF) is the voice of the European mortgage industry, representing the interests of mortgage lenders and covered bond issuers at European level. The volume of outstanding mortgage loans in the EU amounted to €6.7 trillion at the end of 2013. As of November 2014, the EMF has 19 members across 14 EU Member States as well as a number of observer members in the EU and the Russian Federation.


UEAPME (Union Européenne de l’Artisanat et des Petites et Moyennes Entreprises) is the employer’s organisation representing the interests of European Crafts, and SMEs at EU level. UEAPME is a recognised European Social Partner and acts on behalf of Crafts and SMEs in the European Social Dialogue and in discussions with the EU institutions. It is a non-profit seeking and non-partisan organisation. As the European SME umbrella organisation, UEAPME incorporates around 80 member organisations consisting of national cross-sectorial SME federations, European branch federations and other associate members, which support the SME family. Across the whole of Europe, UEAPME represents over 12 million enterprises with nearly 55 million employees. As the recognised voice for the interests of Crafts, and SMEs in Europe, UEAPME acts as an ’agenda setter’ in the area of European SME policy. It endeavours to ensure that the interests of crafts and SMEs are taken into account in all legislation that has an impact on them. Some of the key legislative areas in which UEAPME is active include: economic and fiscal policy, SME finance, employment and social policy, environmental policy, enterprise policy, internal market, legal affairs, and R&D.


The Committee of European Construction Equipment is the organisation representing and promoting the European construction equipment and related industries in order to achieve a fair competitive environment via harmonised standards and regulations. CECE is a European network consisting of a EU representation Office in Brussels and national associations in 13 European countries, including Russia and Turkey. Theindustry behind CECE comprises 1,200 companies. In 2014, these equipment manufacturers had 26 billion € revenues from European sales and employed 130,000 people directly. European construction machines represent around 20% of the worldwide production. Manufacturers include large European and multinational companies with production sites in Europe and globally, but the majority of companies are small and medium-sized enterprises.


The European Covered Bond Council (ECBC) was established by the EMF in 2004 as a platform to bring together covered bond market participants including covered bond issuers, analysts, investment bankers, rating agencies and a wide range of interested stakeholders. As of October 2014, the ECBC has over 100 members across 25 active covered bond jurisdictions and many different market segments. ECBC members represent over 95% of covered bonds outstanding, which were worth over €2.6 trillion at the end of 2013.


European Family Businesses is the EU federation of national associations representing long-term family owned enterprises, including small, medium-sized and larger companies. Family businesses make up between 65 to 80% of all European companies, accounting for on average, 40 to 50% of all jobs. They constitute a substantial part of existing European companies and have a significant role to play in the strength and dynamism of the real economy. Family firms are important, not only because they make an essential contribution to the economy, but also because of the long-term stability they bring, the specific commitment they show to local communities, the responsibility they feel as owners and the values they stand for.


INREV is the European Association for Investors in Non-listed Real Estate Vehicles. Since its launch in 2003, it has grown more than 350 members from more than 28 different countries. INREV’s aim is to improve the accessibility of non-listed real estate funds for institutional investors by promoting greater transparency, professionalism and standards of best practices. INREV is led by institutional investors and supported by other market participants such as fund managers, investment banks, academics, lawyers and other advisors. As a pan-European body, INREV represents a unique platform for sharing knowledge on the non-listed real estate funds market.

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Confrontations Europe is a non-for-profit civil society organization, founded by former MEP Philippe Herzog . Strong of its experience, it has managed to gather corporate managers, unionists, territorial players, members of the civil society, politicians, intellectuals and students from numerous countries in Europe, all committed to one idea: the active participation of civil society in the construction of Europe. In the context of the financial and economic crisis, the organization calls for the consolidation of the European Union so as to get out of the crisis towards a new growth model. Since its creation, Confrontations Europe has fostered deeper integration of the Internal Market, the implementation of structuring projects in Europe and the reform of the economic and monetary Union (EMU). Today more than ever, Confrontations Europe is convinced of the urgent need to reform the architecture of the Eurozone to strengthen cooperations and solidarity in the EU and to rebuild the capacity to govern while restoring competitiveness and sustainable development potential throughout Europe. Confrontations Europe is organizing a high- level conference on European Long Tem Investment, “A new beginning for investment » in Brussels, 3 & 4 December, to open an economic and political dialogue calling for civil society involvement and more responsibility sharing and solidarity between the public and private sectors. The aim is to restore confidence and to move closer towards a common investment policy.


Eurochambres is the Brussels-based Association of European Chambers of Commerce and Industry. Eurochambres represents over 20 million businesses in Europe through 45 members (43 national associations of chambers of commerce and industry and two transnational chamber organisations) and a network of 1700 regional and local Chambers. More than 98% of these businesses are Small and Medium Enterprises (SMEs).


The Union of the Electricity Industry (EURELECTRIC) is the sector association which represents the common interests of the electricity industry at pan-European level, plus its affiliates and associates on several other continents. We currently have over 30 full members which represent the electricity industry in 32 European countries. EURELECTRIC’s mission is to contribute to the development and competitiveness of the electricity industry, to provide effective representation for the industry in public affairs and to promote the role of a low-carbon electricity mix in the advancement of society. Currently, EURELECTRIC’s three major objectives are: Delivering carbon-neutral electricity in Europe by 2050, Ensuring a cost-efficient, reliable supply through an integrated market, Developing energy efficiency and the electrification of the demand-side to mitigate climate change.

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Insurance Europe is the European insurance and reinsurance federation. Through its 34 member bodies — the national insurance associations — Insurance Europe represents all types of insurance and reinsurance undertakings, eg pan-European companies, monoliners, mutuals and SMEs. Insurance Europe, which is based in Brussels, represents undertakings that account for around 95% of total European premium income. Insurance makes a major contribution to Europe’s economic growth and development. European insurers generate premium income of €1 200bn, directly employ over 975 000 people and invest nearly €9 800bn in the economy.


EIM, the association of European Rail Infrastructure Managers, has been established in 2002 to promote the interests and views of the independent infrastructure managers in Europe, following the liberalisation of the EU railway market. EIM provides political, technical, financial and business expertise to all the relevant European bodies – such as the European Commission, the European Parliament and the European Railway Agency (ERA). EIM’s primary goal is promoting growth of rail traffic and the development of an open, sustainable, efficient and customer orientated rail network in Europe. Furthermore, in close cooperation with the European Commission, EIM has continued strengthening the Platform for Rail Infrastructure Managers in Europe (PRIME) for an open and fruitful dialogue between policy makers and the infrastructure industry.


European Partners for the Environment (EPE) has been launched by 1994. EPE stimulates collective intelligence on “new generation of partnerships” for sustainable development in a global, interconnected and interdependent world to design systemic tools, foster ‘radical collaboration’ in view of Resource Efficiency, Resilience, Equity & Just Transition, Well Being. EPE explores how to scale up partnerships best practices with 3 main objectives: massive change, systemic change, green-economy and good-life-for-all value chain partnerships. EPE has conducted several studies on how to mobilise private capital as Funding the Development of Environmental Technologies (FUNDETEC) and is advocating in favour of a ‘European Innovation Partnership on Capital Stewardship’.

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PensionsEurope represents national associations of pension funds and similar institutions for occupational pensions. Some members operate purely individual pension schemes.PensionsEurope has 24 member associations in 22 EU Member States and other European countries with significant – in size and relevance – workplace pension systems.PensionsEurope member organizations cover the workplace pensions of about 80 million European citizens. Through its Member Associations PensionsEurope represents approximately € 3.5 trillion of assets managed for future pension payments.PensionsEurope Members are large institutional investors representing the buy-side on the financial markets.PensionsEurope has established a Central & Eastern European Countries Forum (CEEC Forum) to discuss issues common to pension systems in that region. PensionsEurope has also established a Multinational Advisory Group (MAG) which delivers advice on pension issues to PensionsEurope. It provides a collective voice and information sharing for the expertise and opinions of multinationals.


UNIFE is the association representing the European rail manufacturing and supply industry at the EU and international level since 1992. The association gathers 80 direct company Members – from numerous SMEs to major industrial companies from all over Europe – in the engineering, design, manufacture, maintenance and refurbishment of rail transport systems, subsystems and related equipment. A further one thousand suppliers of railway equipment partake in UNIFE activities through 15 national rail industry associations.


The European Competitive Telecommunications Association (ECTA) is the pan-European pro-competitive trade association that represents more than 100 of the leading challenger telecoms operators across Europe. For over a decade, ECTA has been supporting the regulatory and commercial interests of telecoms operators, ISPs & equipment manufacturers in pursuit of a fair regulatory environment that allows all electronic communications providers to compete on level terms. Our members have been the leading innovators in Internet services, broadband, business communications, entertainment and mobile. Boosting the European economy and creating jobs, growth and investments are key priorities as well as challenges for European policy makers. Next generation broadband infrastructure and innovative digital services are important enablers of all other sectors as well as a connected and knowledge based society. But how can Europe maximise investments and reap the economic benefits of digital innovation? Nurturing competition and enabling all players to invest will drive broadband infrastructure investments and maximise benefits for end-users. We have to ensure that European consumers and businesses have the best choice, quality and affordable prices of communications services, which in turn will get them connected, building a digital economy and society. History taught us that in traditional broadband it was competition that drove the take-up of the then new broadband services. However, today in next generation broadband the former monopolies have a staggering over 80% market share (According to the 2014 Digital Agenda Scoreboard on Broadband markets, incumbents have over 80% of subscriptions in VDSL). In order to reap the economic benefits of digital innovation, competition should be nurtured and all interested parties should be able to invest, as more players simply invest more. In ECTA’s view, promoting competition is more important today than ever as it is sustainable and effective competition that drives investments, end-user benefits and fuels the economy.

Ceced small CECED is the trade association that provides a single voice for the home appliance industry in Europe. Direct Members are Arçelik, Ariston Thermo Group, BSH Hausgeräte GmbH, Candy Group, Daikin, De’Longhi, AB Electrolux, Gorenje, Indesit Company, LG Electronics, Liebherr Hausgeräte, Miele & Cie. GmbH & Co., Panasonic, Philips, Samsung, Groupe SEB, Vestel, Vorwerk and Whirlpool. CECED’s member Associations cover the following countries: Austria, Baltics, Belgium, Bulgaria, Czech Republic, Denmark, Estonia, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Spain, Sweden, Switzerland, Turkey and the United Kingdom. CECED members collectively account for € 48 billion turnover per year and provide 1 million jobs in Europe.


The Community of European Railway and Infrastructure Companies (CER) brings together more than 70 European railway undertakings and infrastructure companies. CER represents the interests of its members towards the European institutions as well as other policy makers and transport actors. CER’s main focus is promoting the strengthening of rail as essential to the creation of a sustainable transport system which is efficient, effective and environmentally sound.


The FTTH Council Europe is an industry organisation whose mission is to accelerate the availability of fibre-based, ultra-high-speed access networks for the benefit of consumers and businesses. Created in 2004 by five founding members: Alcatel-Lucent, Cisco, Corning, Emtelle and OFS, the FTTH Council Europe now has more than 150 members and a contracted team working to promote the benefits of fibre access across the continent. The members are mostly organisations deploying FTTH, and manufacturers of FTTH solutions. In addition they have some academic institutions on board, and also welcome members from sectors such as media and eHealth.


The European Trade Union Confederation (ETUC) was founded in 1973 to represent and promote workers’ interests at European level. It is made up of 85 national trade union federations in 36 countries, plus 10 European trade union federations. The European Union, the Council of Europe and the European Free Trade Association all recognise the ETUC as the only cross-sectoral trade union organisation representing workers at European level. This official status is enshrined in the Treaty of Maastricht (1992).

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The European Public Real Estate Association (EPRA) is the voice of the publicly traded European real estate sector. With more than 200 active members, EPRA represents over EUR 350 billion of real estate assets and 90% of the market capitalisation of the FTSE EPRA/NAREIT Europe Index. Through the provision of better information to investors, improvement of the general operating environment, encouragement of best practices and the cohesion and strengthening of the industry, EPRA works to encourage greater investment in listed real estate companies in Europe.


Invest Europe is the association representing Europe’s private equity, venture capital and infrastructure sectors, as well as their investors. Our members take a long-term approach to investing in privately held companies, from start-ups to established firms. They inject not only capital but dynamism, innovation and expertise. This commitment helps deliver strong and sustainable growth, resulting in healthy returns for Europe’s leading pension funds and insurers, to the benefit of the millions of European citizens who depend on them. Invest Europe aims to make a constructive contribution to policy affecting private capital investment in Europe. We provide information to the public on our members’ role in the economy. Our research provides the most authoritative source of data on trends and developments in our industry. Invest Europe is the guardian of the industry’s professional standards, demanding accountability, good governance and transparency from our members.


The European Engine Power Plants Association (EUGINE) is the centre of knowledge for engine power plant technology and electricity market design. Its members are the leading European manufacturers of engine power plants and their key components suppliers. They provide forward looking solutions for flexible electricity generation (very short start-up and ramp-up times) and efficiently contribute to the smooth integration of growing shares of intermittent renewable energy sources into the EU power system.

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E3PO represents at EU level the private operators of public infrastructures and services, EU wide or in some MS, in the following sectors: highways and access to roads, parkings, drinking water and sanitation, catering, public transport of passengers (rail, road), waste treatment, energy efficiency services, district heating networks. In the sectors covered by E3PO’s members, the annual creation of value, by several thousands of companies, is considerable: more than 200 billion € turn-over and over 1, 600 millions of jobs. These activities are very different, with a high diversity as regards: the level of investments, the number of users that benefit from these services, the market share, and the economic and technical conditions. The services offered by companies represented in our membership are provided within a legal or contractual frame of public-private partnership.

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The European Financial Services Round Table (EFR) is bringing together Chairmen and Chief Executives of leading European banks and insurance companies. The purpose of the EFR is to contribute to the European public policy debate on issues relating to financial services and to the financial stability with the completion of the single market in financial services. The EFR is also engaged in the lessons to be drawn from the financial crisis to render the financial system more resilient. The EFR deals in particular with the global G20 agenda, regulation and supervision, consumer protection and pensions. The EFR has published, inter alia, positions, reports and press releases on a wide range of topics such as European retail market, G20 agenda, the integration of pensions in Europe, harmonisation of regulation and supervision and consumer protection.


The European Union Road Federation (ERF) is a non-profit association which coordinates the views of Europe’s road infrastructure sector. Established in 1998 as a platform for dialogue and research on mobility issues bringing together over 60 members across Europe representing different profiles as national road organisations, road users, industry, academia or research centres. The ERF acts as the voice of the European Road Sector, by promoting and coordinating specific programmes, working groups and projects on various fields such as the socio-economic contribution of roads to society, sustainable road infrastructure, safer road engineering or asset management. As a respected Brussels-based transport stakeholder, the ERF regularly participates in forums, seminars and congresses at European and global level.


ETNO has been the voice of Europe’s telecommunication network operators since 1992 and has become the principal policy group for European electronic communications network operators. Its 41 members and observers from Europe and beyond are the backbone of Europe’s digital progress. They are the main drivers of broadband and are committed to its continual growth in Europe. ETNO members are pan-European operators that also hold new entrant positions outside their national markets. ETNO brings together the main investors in innovative and high-quality e-communications platforms and services, representing 60% of total sector investment. ETNO closely contributes to shaping the best regulatory and commercial environment for its members to continue rolling out innovative and high quality services and platforms for the benefit of European consumers and businesses.

CECIMO is the European Association of the Machine Tool Industries. We bring together 15 national associations of machine tool builders, which represent approximately 1500 industrial enterprises in Europe, over 80% of which are SMEs. CECIMO defends the common interests of its members, particularly in relation to authorities and associations. It also promotes the European Machine Tool Industries and their development in the fields of economy, technology and science. CECIMO covers 98% of the total machine tool production in Europe and about one third worldwide. About 40% of CECIMO’s production is shipped outside the EU. It accounts for almost 150,000 employees and a turnover of nearly €23 billion in 2014.

EFAMA is the representative association for the European investment management industry. EFAMA represents through its 26 member associations and 61 corporate members EUR 21 trillion in assets under management of which EUR 12.6 trillion managed by 56,000 investment funds at end 2015. Just over 30,000 of these funds were UCITS (Undertakings for Collective Investments in Transferable Securities) funds, with the remaining 25,900 funds composed of AIFs (Alternative Investment Funds).

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Renovate Europe brings together 35 partners from across the building value chain, including companies, trade unions, associations and National Partners working at national level in 13 Member States. The aim of the Campaign is to reduce the energy demand in the building stock by 80% by 2050, thereby achieving an NZEB building stock by 2050, which will lead to job creation, especially among local SMEs, healthy homes for our children, and reduced CO2 emissions, in addition to increasing property value and enabling the free flow of investment capital into the renovation market. Almost 100 MEPs (of which 20 MEPs in the Long-term Investment Intergroup) have signed the Renovate Europe Manifesto to STOP Energy Waste in Buildings, aware of the important contribution the energy renovation market to sustainable jobs and growth in the EU.


The Royal Institution of Chartered Surveyors (RICS) is a global professional body. We promote and enforce the highest professional qualification and standards in the development and management of land, real estate, construction and infrastructure. Our name promises the consistent delivery of standards – bringing confidence to the markets we serve. The work of our professionals creates a safer world: we are proud of our profession’s reputation and we guard it fiercely.


Founded in 2014 by investors and for investors, Long Term Infrastructure Investors Association (LTIIA) works with a wide range of stakeholders, including infrastructure investors, policy-makers and academia, on supporting long-term, responsible deployment of private capital to public infrastructure around the world. It aims at Sharing and promoting best practices within the industry and providing policy-makers an infrastructure investment industry entry point, in order to facilitate and promote private investment in infrastructure that enables long-term, sustainable development of communities, countries and regions. Its principal activities include: public advocacy and engagement with policy-makers; investment in research and innovation for the benefit of infrastructure investors; education and training on long-term investing in infrastructure. LTIIA is a not-for-profit international association and most of our members are institutional investors and fund managers with responsibilities over long-term and open-ended infrastructure investment mandates.


 EUROCITIES is the network of major European cities. Founded in 1986, the network brings together the local governments of 140 large cities in 36 European countries. EUROCITIES works across a variety of urban policy areas: these include energy and environment, mobility, social affairs, economic development and cohesion policy, culture and the knowledge society. Through a wide range of Forums, Working Groups, projects and events, EUROCITIES provides a platform for promoting the urban agenda in European policy-making and for sharing knowledge and exchanging on innovative solutions among its member cities. EUROCITIES has a rich experience of shaping European policy – both to ensure it is based on front line experience and to increase recognition and resources for cities in addressing Europe’s strategic priorities. EUROCITIES also coordinates and supports EU-funded projects designed to facilitate exchange between cities, policy-makers and researchers. EUROCITIEs currently leads the action cluster on business models, finance and procurement of the European Innovation Partnership on Smart Cities and Communities.  


Polis is the leading European network of cities and regions on urban transport innovation. We work together with more than 65 cities and regions across the EU to develop sustainable urban mobility solutions for the city of today and tomorrow. Polis draws its expertise from a network of decision makers, technicians and managers working in transport authorities at local and regional level across the European Union. Building on results developed in European projects and in thematic working groups that touch upon key transport challenges, we link innovation and public policy orientations on urban and regional mobility at European level.


The European Banking Federation (EBF) is the voice of the European banking sector, uniting 32 national banking associations in Europe that together represent some 4,500 banks – large and small, wholesale and retail, local and international – employing about 2.5 million people. Launched in 1960, the EBF is committed to creating a single market for financial services in the European Union and to supporting policies that foster economic growth. In this regard, the EBF: shares the view that Europe needs to move forward on the road to firm and sustainable growth; believes that the financing of innovative European SME’s and economic infrastructures, in particular, in the area of the digital economy, is an area that deserves priority attention; recalls that current prudential and accounting rules often limit and penalise long-term investment, particularly from banks; supports a diversification and optimisation of funding channels in the EU economy, including bank financing but also others such as capital markets-based financing and funding by other private institutional investors; believes that further cooperation among private and public European financial institutions and between the latter and public authorities is paramount for the unleashing of Europe’s growth potential.


The Association of the European Heating Industry (EHI) represents and promotes the common interests of 39 market leading companies and 13 associations in the European thermal comfort sector, which produce advanced technologies for heating in buildings, including: space heaters (boilers, electric and fuel driven heat pumps, micro-cogeneration), heating controls and components, heat storage and heat emitters (radiators, surface heating and cooling systems), renewable energy systems (solar thermal, geothermal, biomass). The industry has total sales of more than 20 billion euro and employs 120.000 people.


 Founded in 1993, FEPORT represents the interests of a large variety of private terminal operators and stevedoring companies performing operations and carrying out activities over 425 terminals in the seaports of the European Union. Private companies handle the main share of the total throughput in Europe. For container handling for instance this share is 94%. FEPORT speaks on behalf of more than 1200 companies which directly employ 220.000 port workers. The organization’s aim is to promote the interests of our members and to maintain constant dialogue with all EU institutional and non-institutional stakeholders.


 The Alternative Credit Council (ACC) is a global body that represents asset management firms in the private credit and direct lending space. It currently represents over 100 members that manage $350bn of private credit assets. The ACC is an affiliate of AIMA and is governed by its own board which ultimately reports to the AIMA Council. ACC members provide an important source of funding to the economy. They provide finance to mid-market corporates, SMEs, commercial and residential real estate developments, infrastructure as well the trade and receivables business. The ACC’s core objectives are to provide guidance on policy and regulatory matters, support wider advocacy and educational efforts and generate industry research with the view to strengthening the sector’s sustainability and wider economic and financial  benefits. Alternative credit, private debt or direct lending funds have grown substantially in recent years and are becoming a key segment of the asset management industry. The ACC seeks to explain the value of private credit by highlighting the sector’s wider economic and financial stability benefits.

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The Italian Banking, Insurance and Finance Federation – was established in 2008 by the Italian Banking Association (Abi) and the National Association of Insurance Companies (Ania). Assogestioni – the Italian Association of Asset management – was admitted in May 2011 and Aifi – the Italian Association of Private Equity and Venture Capital – in January 2013. In July 2013 Assofiduciaria, Assoimmobiliare, Assoprevidenza, and Assosim entered the Federation. The Federation fosters the role of banking, insurance and financial companies while promoting the general interests of the country: a modern and efficient financial sector is an important condition for sustainable growth of society and economy. It aims to present its member associations’ views on economic and social policies to Institutions, political and monetary Authorities, trade associations and public opinion. It also promotes business values, acting to spread the culture of competition, and focusing on the enhancement of banking, insurance and finance in terms of transparency towards consumers and savers. Since its establishment, FeBAF has focused on shared and relevant themes for both the financial industry, and national, social and economic development. Due to the international profile of FeBAF , its four member associations have decided to concentrate their liaison offices with the European Community in its Brussels headquarters. Thanks to such common lobbying, the Italian financial industry aims to strengthen dialogue with other organizations in Europe.

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The Investment Association represents UK investment managers. Our members manage more than £5 trillion for clients around the world. Put simply, our aim is to make investment better. Better for clients, so they achieve their financial goals. Better for companies, so they get the capital they need to grow. And better for the economy, so that everyone prospers. Our purpose is to ensure investment managers are in the best possible position to build people’s resilience to financial adversity; help people achieve their financial aspirations; enable people to maintain a decent standard of living as they grow older and contribute to economic growth through the efficient allocation of capital.


Since September 2014, AGIFI has represented 5 private actors of the rail sector, who have been awarded concession or partnership agreements for railway projects of public interest currently under development or operation. The members of AGIFI bring a new vision to the rail sector, adopting an effective approach to the technical, financial and organisational aspects of railway projects. AGIFI aims to promote the long-term contributions of its members to the development and renovation of the network among the various parties in the rail sector and in the public debate.The Association is actively engaged in the institutional debates relating to the organisation and the functioning of the rail sector. Indeed, long-term investors such as the members of the AGIFI and their shareholders need a clear regulatory and economic framework in order to further invest in rail infrastructure.


Since 1982, the Association Française des Entreprises Privées (Afep) is the association which brings together large companies operating in France. The Association is based in Paris and Brussels. Afep aims to foster a business-friendly environment and to present the company members’ vision to French public authorities, European institutions and international organisations. Restoring business competitiveness to achieve growth and sustainable employment in Europe and tackle the challenges of globalisation is Afep’s core priority.

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Based in Paris and Brussels, Cercle de l’Industrie brings together the CEOs or presidents of around thirty of the largest French industrial companies – state-owned as well as private – along with key French political decision-makers. Members of Cercle de l’Industrie represent a consolidated turnover figure of about 865 billion euros, and they employ nearly 2.7 million people around the world. Cercle de l’Industrie defines itself through its industrial specificity, its commitment to the European construction and its political bipartism. It aims at taking part in the debate on the definition and implementation of a competitive, integrated industrial policy, both at the national and EU levels, for French and European companies to support international competition.Cercle de l’Industrie focuses on transversal issues that affect every sector of industry (such as energy and climate, competition, international trade, R&D and innovation, internal market and digital policies), publishes positions and organize high level meetings for its members.


The Union Française de l’Electricité (UFE), is the trade association for the French electricity sector and defends the interests of its members, generators, system operators or electricity suppliers, in the economic, social and industrial field. UFE brings together either directly or indirectly more than 500 companies, employing over 120,000 people in France and with total sales in excess of 30 billion euros. UFE’s main task is to develop a long term vision of the electricity system in France as well as in Europe, through a low carbon strategy designed to fight climate change while ensuring security of supply and the competitiveness of the economy, and supporting the renaissance of European industries.

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The German Property Federation (ZIA) is one of the major interest groups of the German real estate industry. It represents more than 180 direct members, among them numerous notable companies of the real estate and finance world as well as 24 associations representing 37,000 members. ZIA’s main goal is to act as a comprehensive and homogenous lobby for the diverse real estate industry, corresponding to the significance of the real estate industry for the German economy. As a union of businesses and associations it allows the whole real estate industry to speak with one voice on a national and European level – as well as within the Federation of German Industries (BDI).






The French Asset Management Association (Association Française de la Gestion financière, AFG) is the professional organisation representing the French asset management industry. Asset management is about helping retail and professional investors to provide for their future and achieve other long-term goals. Individuals and organisations entrust their savings to asset managers, who seek to increase their value by investing in the real economy via companies’shares or bonds, government bonds, and infrastructures’ assets.

The French asset management sector is the largest in continental Europe: 630 asset management companies employ directly and indirectly 85,000 people and invest on behalf of their clients up to 4,000 billion euros in bonds, shares and other assets. About 50 % of French asset managers commercialise their funds on a cross-border basis, and more than 30 % of the assets managed by our members are issued by corporates or states of the Euro zone (excluding France), which makes our industry a key source of funding for the European economy.

AFG is an active member of EFAMA and PensionsEurope and is complying with the transparency register of the Commission and the European Parliament: ID n°: 5975679180-97.

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The Instituto de Crédito Oficial (ICO) was founded in 1971 as the institution responsible for coordinating and controlling Spain’s state-owned banks. It is currently a State-owned bank with its own legal status, equity and cash assets. It is self-governing and is attached to the Ministry of Economic Affairs and Competitiveness through the State Secretariat of Economic Affairs and Enterprise. ICO has the legal status of a credit institution and is classified as the Government’s Financial Agency. Its functions now became mainly to promote economic activities contributing to growth, the development of the country and improving the distribution of the national wealth. Particularly, those activities of a social, cultural, environmental or innovative signficance are awarded special attention.

Ferrovier dello Stato italiane

The Ferrovie dello Stato Italiane is one of Italy’s largest and most influential industrial corporations: around 70,000 individuals contribute to running over 8,000 trains per day, transporting 600 million passengers and 50 million tons of freight per year, relying on a railway network spanning over 16,700 km, of which 1,000 km are dedicated to high-speed travel. The FS Italiane Group companies operating in the transport of passengers and/or cargo/freight by rail, road or sea are part of the Transport segment – the Group’s primary segment. Trenitalia is, by far, the most important company in this segment, in which the Netinera Deutschland group, the TX Logistik group (both operating mainly in Germany), the FS Logistica group, the Busitalia group and other smaller companies also operate. The FS Italiane Group’s revenues total are €8,390 million for the year 2014, up by €61 million (+0.7%) on 2013 (€8,329 million). The establishment of Ferrovie dello Stato on 21 April 1905 was a milestone in Italy unification process. In more than a century of serving citizens, our Group has contributed to Italy’s progress and the economic, social and cultural development.


To meet increasing needs for infrastructure, VINCI Concessions works with public authorities to develop long-term projects, including the design, financing, construction and operation of infrastructure and facilities.The concessions branch of the VINCI Group operates more than 5,000 km of roads and 23 airports around the world, totalling more than 45 million passengers. VINCI Concessions also operates high-speed trains, and stadiums. As a long-time player in public-private partnerships, VINCI Concessions is involved in every phase of a project’s lifecycle, including financing, design, construction and operation for 20 to 30 years. The branch’s annual turnover is around 5.5 billion euros.As long-term investors in infrastructure projects, we believe in projects with economic and social utility. Infrastructure projects are complex objects with high expectations and challenges. The vision, know-how, methods of a long-standing industrial partner on a day-to-day basis brings a real added-value to make the project a real success and increase its productivity efficiency.

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APG AM is a Netherlands based asset manager for several major Dutch pension funds. APG AM provides indirectly for the income of more than 4.5 million Dutch citizens, managing over 30% of all collective pensions in the Netherlands. The end of 2014, APG AM had total assets under management of approximately €400 billion. APG AM is an indirect subsidiary of Stichting Pensioenfonds ABP, the Dutch pension fund for the government and education sector and the second largest pension fund globally. Our clients are very large institutional investors, acting in the interest of pensioners. Considering this (social) function and the large scale of organization and (global) activities, long-term financing is a particular important aspect to both our clients and us.

Deutsche Bahn small DB Group offers globally mobility and logistical services and operates in over 130 countries world-wide. Every day, more than 300,000 employees, of which about 196,000 are located in Germany, are committed to ensuring that customers are provided with mobility and logistical services and that the related rail, road, ocean and air traffic networks are operated and controlled efficiently. In the Passenger transport division DB Group transports in its trains and busses Europe-wide (including Germany) nearly 12 million passengers daily. In the Transport & Logistics division around 330 million tons are transported via rail and more than 99 million shipments with land transport annually in our European network. In our world-wide networks about 1.1 million tons of air freight and nearly 2.0 million TEU of ocean freight are transported. During the 2014 financial year DB Group posted revenues (adjusted) of about € 39.7 billion, and an EBIT of a good € 2.1 billion after adjustments for special items. The company’s core business is the railway in Germany with more than 5,5 million customers every day in the passenger transport segment, and about 607 thousand tons of freight shipped via rail. More than 1.8 million customers travel via DB buses in Germany every day. Deutsche Bahn operates more than 40,000 train runs daily on its more than 33,400 kilometer-long, modern rail network, which is also open to competition. The number of train stations is 5.676. DB Group’s strategy focuses the strenghtening and the expansion of our market positions in order to maintain competitiveness. In addition, sustainability and sustainable success is an essential factor in ensuring our future viability and hence the continued business success. Through a clear strategic focus in the operational divisions we want to continue to convince our customers.


The EDF Group is one of the leading players in the global energy market. First nuclear generator in the world and first operator in Europe, the Group is active in all sectors of the energy chain, from production to electricity trade, to the management of transport and distribution. Present in more than half of the EU member States, the EDF Group is the leader on the electricity markets in France and the UK with leading positions also in Italy, Belgium, and other European countries. EDF also plays a leading role in operations in the industrial sector in Asia, North and South Almerica. The Group’s statement on the world markets comes from a business model based on a diversified low-carbon energy mix helping reduce greenhouse gas emissions and combating global warming. Through EDF Énergies Nouvelles, it is also investing in onshore and offshore wind power and in photovoltaic solar, with innovative projects in France and elsewhere. Over 85% of energy production takes place without CO2 emissions . In all contexts in which it operates, the EDF Group is recognized as a model of high-quality service in the energy sector thanks to the excellence in research and development and know-how which ranges from nuclear resources to renewable energy and energy efficiency.T he EDF group is one of the major long-term investors in the European energy market. Its investments cover various fields such as infrastructure, production assets, renewables or energy efficiency. EDF has also set up a venture capital fund, Electranova Capital, investing in early and growth stage companies adressing pressing environmental challenges and significantly improving the economics of the energy, power, water and transportation sectors.

SNCF logoSNCF is a global leader in passenger and freight transport services, with revenue expected to reach €32 billion in 2015, including nearly 30% on international markets. With nearly 250,000 employees in 120 countries, SNCF draws on its foundations in French rail and extensive experience as an architect of transport services. It aims to become the benchmark for mobility and logistics solutions, both in France and worldwide. SNCF has five core businesses: SNCF Voyageurs (regional and inter-city public transport, commuter transport in the Paris region, high-speed rail in France & in Europe, and management and development of stations); Keolis (mass transit and public transport in Europe and around the globe); SNCF Logistics (freight transport and logistics); SNCF Réseau (management and operation of the French rail network); and SNCF Immobilier (management and optimization of SNCF property and land assets).


The French Banking Federation (FBF) is the professional organization representing all banks implemented in France. The FBF can count on a total of 383 member banks (commercial, cooperative, mutualist), French or foreign. Its mission is to promote, in the interest of its member banks, the financial and banking activities at the national, European and international levels, and to define the positions and proposals of the profession towards public authorities and economic and financial authorities. The FBF’s European, international relations and export finance department is partially located in Brussels with the objective of following, as closely as possible, the evolution of banking and financial regulations, mainly elaborated at the European level. The department also follows extra-EU international issues, the relationship with worldwide banking associations as well as topics related to foreign-owned banks settled in France. The FBF is furthermore organized to respond to the proliferation of decision-making headquarters (Frankfurt,…).

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Standard & Poor’s Ratings Services and its predecessor organizations have been in business for more than 150 years. We are one of the world’s leading providers of independent credit risk research and benchmarks across industries, asset classes and geographies. Our goal is to help our clients, investors and other market participants make more informed business and investment decisions. In 26 countries around the globe, our analysts, managers and economists assess the factors and trends that affect creditworthiness. To inform our credit opinions, we engage in frequent dialogue with senior managers and industry leaders, and our analyses cover areas ranging from the state of an enterprise and its position in its industry, to the economic health of regions around the world. We have approximately 1.2 million credit ratings outstanding on government, corporate, financial sector and structured finance entities and securities. In 2014 alone, we rated more than $4.3 trillion in new debt. Of all corporate sector investment-grade ratings issued, just 1% has defaulted over the most recent five-year period. Click here for more information about default rates. We believe that there’s more value in a well-formed point of view than any collection of data, and our opinions and measures of risk are rooted in our long experience.

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ERDF (Electricité Réseau Distribution France) manages the public electricity distribution network for 95% of continental France. Every day, its 38,000 employees oversee the operation, maintenance and development of a nearly 1.4 million km network  (medium and low voltage (220 et 20.000 Volts), for 35 million of clients. ERDF manages the largest distribution grid of the European Union. ERDF is a key player in the energy transition field for citizens and prepare the future of grids in preparing the grids of the future.

BlackRock is one of the world’s leading asset management firms. It manages over $4.5 trillion of global assets on behalf of institutional and individual clients worldwide, with investments across equity, fixed income, liquidity, real estate, alternatives, and multi-asset strategies.  BlackRock’s client base includes public and private sector pension plans, endowments, foundations, charities, corporations, official institutions, insurers and other financial institutions, as well as individuals around the world.  BlackRock supports policy changes and regulatory reform globally where it increases transparency, protects investors, facilitates responsible growth of capital markets, promotes sustainable growth and long-term investment and preserves consumer choice.

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Founded by eight members states of the Council of Europe in 1956, the Council of Europe Development Bank (CEB) is a multilateral financial institution with a social mandate. Today, the CEB has 41 members and its membership reflects Europe’s own geographical and cultural diversity. The CEB invests in social projects that foster inclusion and contribute to improving the living conditions of the most vulnerable populations across Europe. The CEB provides loans, guarantees and grants to its 41 members states. Potential borrowers include governments, local and regional authorities and financial institutions. The CEB raises its funds on the international capital markets. It also receives resources entrusted to it by member and non-member donors. In 2017, the CEB’s annual investment in social projects reached close to € 4 billion and focused on areas where there is currently a particular need for long-term support in Europe, namely job creation and preservation, social housing, and public infrastructure.