{"id":95090,"date":"2020-06-02T01:43:00","date_gmt":"2020-06-01T23:43:00","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/cnp-assurances-publishes-its-2019-report-on-responsible-investment-and-announces-its-withdrawal-from-tobacco\/"},"modified":"2020-06-29T10:20:53","modified_gmt":"2020-06-29T08:20:53","slug":"cnp-assurances-publishes-its-2019-report-on-responsible-investment-and-announces-its-withdrawal-from-tobacco","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/cnp-assurances-publishes-its-2019-report-on-responsible-investment-and-announces-its-withdrawal-from-tobacco\/","title":{"rendered":"CNP Assurances publishes its 2019 report on responsible investment and announces its withdrawal from tobacco"},"content":{"rendered":"

Responsible investment at the heart of CNP Assurances\u2019 asset management and products<\/strong><\/p>\n

\u201cAt a time when our societies are faced with unprecedented public health and environmental crises, CNP Assurances
\nconsiders that it is its responsibility to strengthen the incorporation of social, societal and environmental impacts in
\nall its investment decisions. We are proud to have signed up to the Net-Zero Asset Owner Alliance in 2019 and to
\nhave committed ourselves on this occasion to carbon-neutral investment portfolios by 2050. In the current
\nenvironment, we are working hard to ensure that post-COVID recovery plans incorporate the fight against climate
\nchange and the protection of biodiversity as priority objectives, along with protecting jobs\u201d<\/em>, comments Antoine Lissowski, Chief Executive Officer of CNP Assurances. <\/p>\n

Signing the Tobacco-Free Finance Pledge<\/strong><\/p>\n

Since 2018, CNP Assurances has stopped all new investment in the tobacco sector. In two years, the amounts
\ninvested in this sector have been cut to a third, to less than \u20ac200 million currently. CNP Assurances excludes
\nmore than 2,500 companies that make tobacco products worldwide from its investments. In keeping with this
\napproach, the Group has today announced that it has signed up to the Tobacco-Free Finance Pledge, a United
\nNations initiative launched in 2018, which currently has 129 signatories managing investments of more than
\n$8,300 billion. This collective engagement enables them to contribute to the United Nations\u2019 Sustainable
\nDevelopment Goals (SDG), particularly SDG no. 3, good health and well-being.<\/p>\n

Global cooperation is necessary to combat the devastating effects of tobacco. The use of tobacco is today the
\nbiggest cause of avoidable death, with 8 million premature deaths in the world every year and a forecast of one
\nbillion deaths in the 21st century. The World Health Organisation (WHO) Framework Convention on Tobacco
\nControl is the first treaty to have recognised the global epidemic of tobacco use in 2005. <\/p>\n

Doubling of green investments between 2018 and 2023<\/strong><\/p>\n

In 2019, CNP Assurances announced that it plans to double its assets under management in green investments – forests, green bonds, high energy performance buildings, green infrastructure such as renewable energy
\nprojects and low-CO2 transport and mobility \u2013 to \u20ac20 billion by the end of 2023, from \u20ac10.4 billion at the end of 2018. At the end of 2019, these green investments reached \u20ac14.4 billion: 49% relate to sustainable buildings,
\n26% to renewable energy and energy efficiency, and 14% to transport and sustainable mobility.
\n\"-850.jpg\"<\/a><\/p>\n

For several years, CNP Assurances has been conducting a programme of renovation works totalling \u20ac170
\nmillion over time, with the objective of reducing the CO2 emissions of its property assets held directly by 40%
\nbetween 2006 and 2021. The results have been up to the mark, since as of the end of 2019, this work has saved
\n6,936 teqCO2\/year from being released into the atmosphere, and the carbon footprint of its property portfolio
\nhas been reduced by 37% (19 kgeqCO2\/m\u00b2 at end-2019, with a target of 18 kgeqCO2\/m\u00b2 at end-2021).<\/p>\n

CNP Assurances is also the largest private owner of forests in France, with 56,537 hectares at the end of 2019.
\nTheir management is delegated to La Soci\u00e9t\u00e9 Foresti\u00e8re, which ensures they are managed sustainably, with
\nambitious objectives in terms of safety, biodiversity and anticipating climate change. CNP Assurances\u2019 forestry
\nresources help combat climate change, since they stored an estimated 14 to 16 million tonnes of CO2 as of end-2019.
\n\"-851.jpg\"<\/a><\/p>\n

Management of climate risks<\/strong><\/p>\n

The Report on responsible investment presents the information recommended by the Task Force on Climaterelated Financial Disclosure (TCFD). In it, CNP Assurances sets out its governance, strategy, risk management
\nand indicators relating to climate issues in its investment activities.
\nThe Group\u2019s climate strategy is subject to the approval of the Chief Executive Officer, then the Board of Directors.<\/p>\n

Climate issues are presented once a year to the Board of Directors and to the Audit and Risk Committee when
\nthe Group\u2019s CSR approach is examined and the declaration of extra-financial performance is presented. The
\ncommitments made to combat global warming are presented in particular, enabling the governance bodies of
\nCNP Assurances to monitor the actions taken and the level of achievement relating to these commitments. <\/p>\n

At the beginning of 2019, CNP Assurances established a Climate Risk Committee, which meets every quarter to monitor the actions taken to incorporate climate risk in all components of its business (investment, insurance and internal operations).<\/p>\n

At the end of 2019, various climate risk measures relating to scenarios set out by the IPCC[[Intergovernmental Panel on Climate Change]] or the IEA[[
\nInternational Energy Agency]] show a limited impact on investments of physical risks as well as transition risks. With methodologies constantlyevolving, CNP Assurances remains cautious and deploys various measures to reduce climate risks and the impact of its investments on the environment.<\/p>\n

In 2019, CNP Assurances signed up to the Net-Zero Asset Owner Alliance, an initiative supported by the United
\nNations to strengthen and accelerate commitments to implement the Paris Agreement. To limit global warming
\nto +1.5 \u00b0C, CNP Assurances is thus committed to reaching carbon neutrality for its investment portfolio by 2050.
\nMore recently, CNP Assurances signed up to the EU\u2019s Green Recovery Alliance, launched on the initiative of
\nPascal Canfin, Chair of the Environment Committee of the European Parliament, in order to build a shared
\nreflection on post-crisis green investment plans.