Sustainability Policy


 

Minimize

SFDR STATEMENT BASED IN THE EUROPEAN REGULATION 2019/2088 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL OF 27 NOVEMBER 2019 ON SUSTAINABILITY.

Credit Agricole Life S.A. as a member of the Group Credit Agricole Assurances, aims to apply the values and aspirations of the ESG-Climate policy set up at group level. As the CEO of CAA noted in his message in the 2019 report, Crédit Agricole Assurances is fully in line with this new Climate Strategy and actively participates in its governance, in order to develop and implement it. As the leading insurer in France and a major institutional investor abroad through its international subsidiaries, Crédit Agricole Assurances is committed with the Crédit Agricole group on three axes, supporting all its customers in the transition to a so-called low-carbon economy, integrating environmental criteria over a wide scope, social and governance processes in its investment processes and, investing and promoting the financing of large-scale renewable energy projects.

This new Climate strategy is in line with the Principles of Responsible Investment launched by the United Nations, of which Crédit Agricole Assurances has been a leading signatory member. Crédit Agricole Assurances takes environmental, social and governance (ESG) factors into account in its analyzes and investment decisions. Certain sectors are thus favored about the importance of societal issues (health, renewable energies, financing of the economy) in consistency with the policy of the Crédit Agricole group.

From normative and sectoral exclusions, to the implementation of SRI management on part of its portfolio, Crédit Agricole Assurances is continuing its efforts to refine and control its exposure to the occurrence of extra-financial risks.

The full presentation of the CAA group ESG-Climate policy can be viewed in the following link.

Credit Agricole Life S.A. has incorporated where possible into its business operation the processes outlined in the group ESG-Climate policy. In this respect, currently the main component of this policy actively implemented at local level refers to the integration of environmental and social criteria in our investment strategy and the ALM risk management framework. In this way, we ensure that the existing asset portfolio ESG risk level complies with the appetite level set out by the group policy.

Going forward, the company will make sure to integrate in a more complete way the commitments of the group policy relevant to its business scope and its operational status.