Paris, September 1, 2021
CNP Assurances signed the Funding for the promise of biodiversity and resets
Goals for the protection of biodiversity
A few days before the World Nature Congress organized by the IUCN (International Union for Conservation of Nature), CNP Assurances signs the Funding for the promise of biodiversity and sets new goals for the protection of biological diversity over the next five years.
Scientific reports for several years, including IPBES (Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services), warn of the accelerated loss of biodiversity, which is reflected in the destruction of ecosystems, the disappearance of species and reduced genetic diversity within species. Given this worrying situation, companies need to reduce their impact on biodiversity, measure the risks associated with biodiversity loss and improve transparency on these issues.
In line with its commitment to the United Nations Global Compact and its strategy for responsible investors, CNP Assurances has been implementing measures to protect biodiversity for several years. On the occasion of the publication of the Responsible Investment Report in May 2021. CNP Assurances was one of the first investors to publish the biodiversity footprint of its investment portfolio using the Corporate Biodiversity Footprint tool.
By signing the Funding for the promise of biodiversity and the publication of its goals for the next five years, CNP Assurances decided to increase its commitment to biodiversity.
Chief Executive Officer of CNP Assurances
“CNP Assurances is strengthening its approach to protecting biodiversity. Together with the companies we fund, we must act to reverse the process of destruction of nature and ultimately preserve the diversity of life on our planet. ”
signature of Funding for the promise of biodiversity
CNP Assurances intends to contribute too sustainable development goals Number 14 is dedicated to marine protection and No. 15 is dedicated to the conservation and restoration of terrestrial ecosystems.
To this end, CNP Assurances signed today the Funding for the promise of biodiversity.
This initiative, launched in September 2020, unites 55 financial institutions with total assets of 9,000 billion euros, all of which have committed themselves to contributing to the protection and restoration of biodiversity through their investment activities by implementing the following measures by the end of 2024:
- Collaborate and share knowledge on methods of measuring and setting targets related to biodiversity
- Integrate biodiversity into a responsible investment policy and into the shareholder dialogue
- Assessment of the positive and negative effects of investments on biodiversity
- Publish science-based goals to increase the positive impact and reduce the negative impact of investments on biodiversity
- Report annually on the achievement of these goals in the investment portfolios
The new goals of CNP Assurances to protect biodiversity
In addition to the commitments made as a signatory to the Funding for the promise of biodiversity, CNP Assurances sets the following new goals for the next five years:
- Holdings in stocks and corporate bonds
- Measure the biodiversity footprint of its entire portfolio of directly held stocks and companies
Bonds through the end of 2023 to encourage companies to improve transparency on these issues
- Work with five companies each year to encourage them to adopt a strategy aligned with international agreements on biodiversity by the end of 2024
- Real estate investment1:
- Carry out an inventory and analysis of their impact on biodiversity for logistics platforms in the portfolio by the end of 2022 in order to develop a plan for protection or protection
- For every new investment systematically the effects on in a logistics platform
Biodiversity in the pre-investment analysis
- Integrate biodiversity into the regular dialogue between CNP Assurances and the management companies responsible for their logistics platforms
- Infrastructure investments
- Encouraging infrastructure companies in which CNP Assurances has a significant stake and is a director to measure and manage their biodiversity footprint
1 CNP Assurances has decided to prioritize its measures on logistics platforms whose effects on biodiversity through artificial land use must be controlled in the context of growing e-commerce.
- By the end of 2025, measure the biodiversity of 100% of its forests using a recognized method (Potential Biodiversity Inventory) and maintain or improve the level of biodiversity
measured by this method
- Suspend forest work during the reproductive times of the most sensitive species
- Prohibit replacing a hardwood stand with an exclusively softwood stand
- Ban on herbicides and fungicides
- Build ecological corridors
- Keep aging or dead trees in forests, whether standing or lying down, which are home to a very specific biodiversity
- Make 3% of the forest area available for aging islands and natural evolutionary areas by the end of 2025
- Help restore wetlands by partnering with local associations
- Internal operation
- Get the BiodiversityCity Label for its future headquarters in Issy-les-Moulineaux, in addition to the BREEAM Excellent, BEPOS-Effinergie, NF HQE Exceptionnel and WELL Silver certifications
- Roll out Zero plastic policy in the entire group
- In September 2021, as part of the World cleaning day, organize half a day for the collection of waste by the employees in the different countries in which the group operates
- Raising awareness of biodiversity issues among CNP Assurances staff CNP Assurances will report regularly on the degree of target achievement.
Reminder of the biodiversity initiatives already implemented by CNP Assurances
CNP Assurances has been implementing measures to protect biodiversity for several years.
- Support of marketplace initiatives
Since its inception in 2016, CNP Assurances has been a member of B4B + (Business for Positive Biodiversity) Club, to the CDC Biodiversité, a subsidiary of the Caisse des Dépôts, and companies that are committed to positive biodiversity. In 2020, CNP Assurances joined the coalition of institutional investors, which calls for the preparation of biodiversity impact assessments for investment portfolios, taking into account the principles of method transparency.
- Biodiversity in a shareholder dialogue
In 2020, CNP Assurances added biodiversity to its shareholder policy, encouraging companies to make and implement ambitious biodiversity conservation decisions and to publish information on the risks associated with biodiversity loss. Last year biodiversity was discussed in 64% of CNP Assurances direct dialogues with companies in which it is a shareholder.
- Biodiversity in our equity and bond investments
CNP Assurances conducted an initial test to measure the biodiversity footprint of its investment portfolio using the Corporate Biodiversity Footprint tool. The test carried out in five sectors (agro-food, oil and gas, energy, forest and paper, waste) estimates the Biodiversity footprint of our equity and corporate bond portfolio at – 14 m².MSA2 per thousand euros invested at the end of 2020.
2 MSA (Mean Species Abundance) is a scientifically recognized metric created by the Dutch Agency for Environmental Assessment (PBL) to measure the average abundance of species. The destruction of biodiversity is expressed as a negative value of m².MSA. The m².MSA corresponds to the artificiality of 1 m² of untouched nature.
- Biodiversity in our forest investments
All forests have been PEFC certified by CNP Assurances since 2003. The renewal of the management mandate of the Société Forestière, which manages the 56,488 hectares of CNP Assurances’ forest investment sustainably, at the beginning of 2021, envisaged an action plan and targets for the protection of biodiversity, which will be implemented over the next five years in a Sustainable Management Charter.
- Biodiversity in our real estate investments
Real estate has a significant impact on biodiversity, both in the construction and in the operational phase. CNP Assurances has published Charter “Green Works” impose rules on their real estate portfolio management companies to protect biodiversity, such as: The charter also provides for the study of technical solutions that favor plants and promote biodiversity, the circular economy (reuse of building materials) and ecosystem services for buildings and green spaces.
About CNP Assurances
As a leading player in the French personal insurance market, CNP Assurances is active in 19 European countries, particularly Italy, and Latin America, where it is very active in Brazil, its second largest market. As an insurance, co-insurance and reinsurance provider, CNP Assurances develops innovative personal risk / protection and savings / retirement solutions. The company has more than 36 million insured persons worldwide in personal risk / protection insurance and more than 12 million in savings and old-age provision. In accordance with its business model, its solutions are sold by several partners and adapt to their physical or digital distribution method in terms of protection and convenience, as well as to the needs of customers in each country.
CNP Assurances has been listed on the Paris Stock Exchange since October 1998 and is a subsidiary of La Banque Postale. The company reported a net profit of 1,350 million euros in 2020.
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CNP Assurances SA published this content on August 31, 2021 and is solely responsible for the information contained therein. Distributed by public, unedited and unchanged, on September 01, 2021 08:31:01 UTC.