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Responsible investor

Convinced of the need to take into account Environmental, Social and Governance (ESG) criteria in its analysis and investment decisions, the Group includes Responsible Investment (RI) in its strategic vision.

Coal policy

As a mutual insurance company and responsible investor, Groupama Group is making the fight against climate change a top priority.

in order to reduce the exposure of its investments to climate risks, whether this be physical risks or transition risks, Groupama took the decision in December 2018 to initiate a progressive withdrawal from any company whose turnover or energy production mix is based more than 30% on thermal coal.

In 2020, this relative exclusion threshold was dropped to 20%.

In addition, Groupama has also committed to divesting from companies whose annual production of coal exceeds 20 million tons and those whose installed capacity in coal-fired power plants exceeds 10GW. These thresholds are those currently adopted by the Global Coal Exit List, on which Groupama’s Coal Exit Policy is based. This list is provided by the German Non-Governmental Organisation (NGO) Urgewald.[1]

These exclusion thresholds were established in line with a progressive exit from coal to comply with the requirements of the Paris Agreement and will be reduced steadily to achieve zero exposure to thermal coal in investment portfolios at the latest by 2030 in European Union and OECD countries and by 2040 in the rest of the world.

Finally, since 2017, Groupama Group has elected to divest progressively from companies planning to develop new coal capacities.

Discover the press release about the full exit from thermal coal

 

Further information