CNP Assurances is France’s largest private owner of woodland, with 56 537 hectares at 31 December 2019. Société Forestière, a 50%-owned subsidiary, is a committed player in sustainable forest management aimed at preventing fires, promoting biodiversity and anticipating the effects of climate change. In 2003, in addition to ISO 9001 certification, all of CNP Assurances’ woodland assets were certified by the PEFC, which guarantees that the timber comes from sustainably managed forests.
In 2019, the growth of CNP Assurances’ trees helped sequester 497 844 tonnes of CO2. After deducting timber sold or cut down during the year, a net 234 193 tonnes of CO2 was added to the sequestered total in 2019.
The Sustainable Management Charter approved in 2001 formalises commitments for sustainable management respecting biodiversity and anticipating climate change. The climate change issue is a key factor in managing CNP Assurances’ forests. In order to ensure the long-term health and value of the woodland, the management company selects transitional tree species adapted to current and future climates, and pays increasing attention to the soil moisture reserves in areas where new trees are being planted.