Commitment to the climate

As an institutional investor involved in financing the economy, Groupama has for many years been developing an investment policy that takes into account environmental, social and governance criteria. Aware of the key role played by the oil & gas and thermal coal sectors in decarbonizing the economy, and in accordance with the recommendations of the scenarios of the International Energy Agency aimed at limiting the average rise in temperatures to 1,5°C at the end of the century and reach carbon neutrality in 2050, Groupama extends its commitments in 2024 to all fossil fuel developers.

The Group has made the following key commitments:

• Definitive withdrawal of thermal coal from investment portfolios by 2030 (EU and OECD countries) and by 2040 in the rest of the world;

• From 1 July 2024, no new direct investment in companies contributing to the development of new oil and gas projects, with the exception of financing needs specifically targeted towards the transition;

• 1.2 billion in additional sustainable investments between 2024 and 2027, in addition to €2.3 billion in sustainable investments made between 2021 and 2023;

• 50% reduction in the carbon intensity of corporate equity and bond portfolios between 2021 and 2030, in line with the Paris agreements.