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European Climate Pact

Overview

Location

France

Sector

Banking, Financial and Insurance Services

Organisation type
Business

Company Information

CNP Assurances is a publicly listed insurance corporation headquartered in Paris, France. In 2021, it reported a total of 5,565 employees and net profits of 3.1 billion Euro.*

*Source

Our progress towards decarbonization

 

GHG Emissions

Our actions – the Pathway

  • CNP Assurances has a target to reduce absolute scopes 1 and 2 CO2e emissions 50% by 2030 from a base year of 2019. This is a year-on-year reduction rate of 4.5% over the next 9 years

Pledge: Have a short-medium term GHG emissions reduction target (scope 1+2) with a 2.1% year-on-year reduction at a minimum

  • Have an internal price on carbon 
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022

 

Emissions -FS

Our actions – the Pathway

  • Take action to align our portfolio to a 1.5°C world
  • Join the NetZero Asset Owner Alliance
  • Assess if  clients/investees’ business strategies are aligned to a well below 2-degree world
  • Have an engagement strategy to encourage our investees to set a science-based GHG emissions reduction targets
  • Have an exclusion policy to phase out all fossil fuels-related industries and activities in our portfolios by no later than 2030
  • Have an exclusion policy to phase out all coal-related industries and activities in our portfolios by no later than 2030
  • Conduct analysis to understand the impact of our investment portfolio on the planet, in line with TCFD recommendations

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022

 

Energy

Our actions – the Pathway

  • CNP Assurances has a target to consume 100% of electricity from renewable sources by 2022 from a baseline of 0% renewable electricity consumption in 2020

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022

 

Governance & Strategy

North Star

  • CNP Assurances has a publicly available 1.5°C aligned low-carbon transition plan

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022

 

Buildings

Our actions – the Pathway

  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in buildings

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022