Macif takes new step in fossil fuel exit strategy

Written by Adam Cadle

04/07/2022

French insurer, Macif, is excluding from its future investments the main companies developing new oil and gas production capacities, as well as those whose turnover is more than 5% from unconventional hydrocarbons.

In addition, the insurer said it will exclude those companies whose investment strategy is incompatible with a scientifically recognised carbon neutrality trajectory.

“With its new oil and gas policy, Macif is accelerating its energy transition and pursuing its decarbonisation strategy with €11bn in green investments under management,” Philippe Perrault, President of Macif, said.

“We are thus continuing our actions for a fairer and more sustainable world for our planet, because protecting the present and enabling the future for all of us and future generations, in accordance with our raison d'être.”

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