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CNP Assurances strengthens commitment to biodiversity with €120m investment in thematic fund
Written by Adam Cadle
22/11/2022
CNP Assurances has strengthened its commitment to biodiversity by supporting the launch of a thematic fund initiated by La Banque Postale Asset Management with Tocqueville Finance, with a €120m investment.
The Tocqueville Biodiversity ISR fund will target companies that contribute to improving the protection of ecosystems or reducing the footprint of their business activities on biodiversity.
Olivier Guigné, group chief investment officer and head of the engineering and wealth management business unit at CNP Assurances said: “As a responsible insurer and investor, CNP Assurances is fully committed to protecting biodiversity. The group was one of the first investors to publish the impacts and risks of its biodiversity investment portfolio.
"By investing €120m in this fund managed by LBP AM and Tocqueville Finance, CNP Assurances is operationally implementing its commitment to preserving the living world by being a committed player in the ecological transition.”
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