Commitment to the climate

As an institutional investor and a key player in financing the economy, Groupama has for many years developed an investment policy that incorporates environmental, social, and governance (ESG) criteria. At the same time, through its commitment to the Net-Zero Asset Owner Alliance (NZAOA), the Group acknowledges its vital role in decarbonizing the economy and aims to contribute to the global goal of carbon neutrality by 2050 through its investment strategy.

In this regard, the Group has made the following main commitments:

• A 50% reduction in scope 1 and 2 carbon intensity of equity and corporate bond portfolios between 2021 and 2029, following a trajectory aligned with the Paris Agreement;
• Achieving by 2030 the level defined by the CRREM pathway for directly held investment assets (excluding residential);
• €1.2 billion in additional sustainable investments between 2024 and 2027, on top of the €2.3 billion in sustainable investments made between 2021 and 2023;
• Complete phase-out of thermal coal from investment portfolios by 2030 in EU and OECD countries, and by 2040 in the rest of the world, along with the cessation of funding for companies developing new conventional and unconventional fossil fuel projects.