The acquisition of property assets involves screening under the master agreement between CNP Assurances and its management companies. There are many ESG criteria; we describe the main ones here:
Environmental: energy efficiency, pollution, risk of flooding and natural disasters, transport;
Social: user safety, asbestos and lead risk, accessibility for disabled people;
Governance: the identity of the seller is analysed in the light of anti-money laundering and anti-corruption regulations (Know Your Customer "KYC" process). Management companies must also comply with five ethical principles of action. They cover market conduct, integrity and respect for suppliers, including subcontractors.
The management companies are in charge of analysing these criteria. Before any acquisition, they are required to present CNP Assurances with a comprehensive file incorporating analysis of the building’s technical, environmental and public health aspects. This file describes the environmental risks, the energy performance (mandatory diagnostic), the building’s GHG emissions and its position in view of new environmental regulations (green leases, certification, labels), and public health safety in relation to asbestos, lead, termites, soil pollution, etc. ESG information may be supplemented where necessary by audits, benchmarking, international references (labels) or other external expert information.