Sustainability Policy




Credit Agricole Life S.A. as a member of the Group Credit Agricole Assurances, applies within the boundaries of its business operation 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 2021 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 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.

In addition, as a Crédit Agricole SA subsidiary, CA Assurances established its remuneration policy in accordance with the mutualist values and the cooperative principles of the Group. This policy, consistent with the reason for being of the Group (“acting every day in the interest of customers and of society”), aims at rewarding the staff and the senior management members on objective bases that reflect the performance and long-term responsibility of the company. It also targets the promotion of a sound and efficient risk management: remunerations are established in connection with long-term effective performance. In this way, a part of the variable remuneration of the senior management is effectively paid provided that long term performance is reached, based on economic, financial and societal criteria consistent with the group and entities’ long term strategy. On a broader level, 10% of the non-economic objectives set to determine the variable remuneration of the senior management members are directly linked to the Group Societal Pillar.

The full presentation of the CAA group ESG-Climate policy can be viewed in the following link as well the key figures of the ESG policy in 2021.

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 line with the group policy for integrating sustainability risks into investment decisions. 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.