Exclusions since 2015, all companies mining coal or producing coal-based energy when they derive more than 15% of their revenue from thermal coal.
In listed equity portfolio, the development of a carbon risk and opportunity approach combining a range of resources since 2015. In 2015 has set itself the goal of reducing the listed equities carbon footprint from the end-2014 level by 20% by 2020 and by 47 % by 2021.
CNP Assurances’ objective is that, by the end of 2018, the management of directly held equities will be aligned with indices that strongly weight the contribution to the energy and ecological transition, implemented in partnership with La Banque Postale Asset Management (LBPAM) and Mirova (Natixis Investment Managers).
At 31 December 2017, CNP Assurances had €35 million invested in private equity funds in the clean energy, clean industry and cleantech sectors. Direct and indirect investments in renewable energy infrastructure, sustainable mobility, and water and waste treatment represented a total of €1,041 million at 31 December 2017, including the Meridiam Transition fund. This fund, created at the end of 2015 with management company Meridiam, funds innovative development projects related to the energy transition, local services such as heating systems or energy from recovered waste, electricity and gas grids, and innovative renewable energy.
An additional €1,362 million is invested directly in green bonds funding specific environmental projects.