Crédit Agricole Assurances enhances commitments for low-carbon economy

Written by Adam Cadle

14/10/2022

Crédit Agricole Assurances is enhancing its commitments for a low-carbon economy.

In a statement, the insurer said it is committed to reducing the carbon footprint of its listed investment portfolio in equities and corporate bonds by 25%; increasing its investments in renewable energies to contribute, in the long term, to the installation of a production capacity of 14 GW vs 10.5 GW announced in 2021; and engaging in shareholder dialogue with at least 20 of the most emitting companies in the portfolio.

Crédit Agricole Assurances undertakes to publish the level of achievement of these objectives each year.

“One year after joining the Net-Zero Asset Owner Alliance, Crédit Agricole Assurances has set itself more ambitious climate objectives for 2025. We want to speed up the energy transition,” Philippe Dumont, CEO of Crédit Agricole Assurances, said.

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