CNP Assurances commits to combating pesticide use and deforestation

Written by Adam Cadle

17/06/2024

CNP Assurances is now refraining from any new investment in companies generating more than 20% of their revenue from the manufacture or sale of pesticides, and in companies that exploit or trade in certain agricultural commodities that have not implemented a recognised deforestation policy.

The insurer’s CEO, Marie-Aude Thépaut, said “combating deforestation requires concerted action at all levels of society”.

“Investors have a crucial role and CNP Assurances will play its full part. It is a multi-dimensional crisis at the crossroads of our key commitments, namely the fight against climate change and protection of biodiversity. We are making this a priority.”

For several years, CNP Assurances has been working to combat global warming by excluding any new investment in companies developing new fossil energy projects; setting the objective of achieving a carbon neutral investment portfolio by 2050; setting a goal of reducing the carbon footprint of its investment portfolio by 53% between 2019 and 2029; and setting the goal of financing the ecological transition by reaching €30bn in green investments under management by the end of 2025.

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