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CNP Assurances

PRI reporting framework 2018

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You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » Implementation processes

Implementation processes

FI 01. Incorporation strategies applied

01.1. Indicate 1) Which ESG incorporation strategy and/or combination of strategies you apply to your actively managed fixed income investments; and 2) The proportion (+/- 5%) of your total actively managed fixed income investments each strategy applies to.

SSA
100 Screening alone
0 Thematic alone
0 Integration alone
0 Screening + integration strategies
0 Thematic + integration strategies
0 Screening + thematic strategies
0 All three strategies combined
0 No incorporation strategies applied
100%
Corporate (financial)
0 Screening alone
0 Thematic alone
0 Integration alone
0 Screening + integration strategies
0 Thematic + integration strategies
100 Screening + thematic strategies
0 All three strategies combined
0 No incorporation strategies applied
100%
Corporate (non-financial)
0 Screening alone
0 Thematic alone
0 Integration alone
0 Screening + integration strategies
0 Thematic + integration strategies
100 Screening + thematic strategies
0 All three strategies combined
0 No incorporation strategies applied
100%

01.2. Describe your reasons for choosing a particular ESG incorporation strategy and how combinations of strategies are used.

SSA : The ESG screen excludes non-democratic countries, those where freedom is infringed as rated by Freedom House, and countries poorly rated by Transparency International.

We do not invest in tax havens and countries under embargo.

Corporate :

For our screening strategy, we exclude anti-personnel mines and cluster munition manufacturers. We exclude companies that do not respect the Global Compact and we do not invest in mining companies companies that derive more than 15% of their turnover from coal as well as utilities with over 15% of coal-sourced power plants. We also exclude countries that are considered as sensitive (see SSA).

CNP Assurances has made contributing to the environmental and energy transition a strategic priority. In late 2017, the Group devoted €1362 million in green bonds.

01.3. Additional information [Optional].


FI 02. ESG issues and issuer research (Private)


FI 03. Processes to ensure analysis is robust

03.1. Indicate how you ensure that your ESG research process is robust:

03.2. Describe how your ESG information or analysis is shared among your investment team.

03.3. Additional information. [Optional]

Since 2011, a quarterly portfolio scoring was set up with our asset managers and their SRI research team. One of the asset manager provides us with controversies on the worst rated issuers, and the result of the dialogue with these issuers. CNP Assurances compares the information with the other asset managers and makes the decision to exclude or limit. We do not notify.

We have two information providers that work on the same perimeter. They regularly update their methodology and ratings. One of them is Mirova. It has been elected best ISR management company in 2014 by Thomson Reuters and by the British Association of finance and sustainable investment.


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