Macif strengthens investment strategy in fight against deforestation

Written by Adam Cadle

16/12/2022

Macif is strengthening its investment strategy to fight against deforestation caused by the cultivation of palm oil.

The insurer said it will exclude producers and distributors of palm oil from which more than 5% of the turnover comes from this product; producers and distributors of which less than 50% of palm oil is RSPO certified; and producers and distributors of which less than 30% of palm oil is RSPO certified at the most demanding levels.

In addition, Macif, through its asset manager OFI AM, will conduct an engagement with the manufacturers or distributors of processed palm oil products in its portfolio, if they are subject of controversy. This engagement will initially involve four companies and will be carried out over a period of two years in order to encourage the implementation of deforestation risk mitigation measures.

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