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

ESG Climate Report

What 2020 shows is that a large number of major risks identified on the planet are now part of our daily lives: pandemic risk and its health and economic impacts, cyber risk rising sharply, and climate risk, a particularly important challenge for Groupama: the damage linked to climate change is becoming more and more significant, as shown by the frost episode in spring 2021. More than ever, we must be ready to face these risks that we are experiencing.

Controlling risks, whether insurance or financial, increasingly requires integrating unpredictable environmental and social risk events. More and more, Groupama is integrating, measuring and managing the risks and opportunities associated with environmental, social and corporate governance challenges in its property and financial asset management.

Groupama’s financial management therefore has a dual role:
• Maximise the resilience of the assets entrusted to it, over the long term, by optimising risks and opportunities, particularly those related to the impact of global warming on asset value;
• Contribute to building a more sustainable society, by financing, beyond the energy
transition, a post-crisis recovery.

The 2020 crisis and the heralded recovery, both of which are exceptional, are an opportunity to mobilise around a more sustainable economy: preserving the environment, creating jobs, strengthening European industrial tools, making the global supply chain more accountable, and developing a circular economy and more local and environmentally friendly consumption.
Financial asset management is one of the main keys in building a sustainable planet and human, economic and social prosperity.

Further information