Executive management’s climate-related responsibilities include accountability on climate-related performance objectives (KPIs) and implementation of climate-related strategy. The CSR Department is in charge of monitoring climate-related issues for both investment and insurance sides, along with Risk Management Department and Investment Department.
The principles of action are set out in a charter, validated by all the relevant players.
Extract : CNP Assurances supports the development of assets on specific themes in areas favourable to the environment and social integration […]. CNP Assurances integrates ESG criteria into the management of its assets. In the belief that taking ESG criteria into account in the assessment of an investment contributes to value creation and optimises the yield-to-risk ratio over time, CNP Assurances has over the last ten years gradually deployed a responsible investor strategy covering all of its assets. This management approach reflects the Group's commitments to the Global Compact, the FFA Sustainable Development Charter, the PRIs and the Geneva Association's Kyoto Declaration.
3. Promote the protection of the environment, the energy and environmental transition, and initiatives to reduce or adapt to climate change;
CNP Assurances mobilizes internal teams to deploy responsible investment in its business.
The responsible investment strategy is laid down and managed within the framework of the investment strategy approved by the Executive Management and the Board of Directors.
CNP assurances undertakes to:
- reflect Articles 1 and 2 in its operations by providing the necessary human and financial resources;
- communicate publicly each year on the steps taken and the progress made.
To this end, all players are committed behind the Executive Management:
The external SRI Monitoring (Committees meet with each partner management company every quarter)
The internal SRI Committee conducts an annual review of the Charter's application and suggests.
Investment Committee and Strategic Allocation Committee monitor the implementation of the Charter each year during the review of the investment strategy and the CSR approach.
The Board of Directors and Audit Committee monitor the implementation of the Charter each year during the review of the investment strategy and the CSR approach.