TO BE A RESPONSIBLE INVESTOR AND A CONTRIBUTOR TO THE REAL ECONOMY
Societe Generale Assurances applies an Environmental, Social and Governance (ESG) policy that aligns with the principles of Societe Generale Group. At the end of 2018, 80% of the portfolio1 rated A, B or C2 using the Amundi methodology. The carbon footprint of the asset portfolio – measured in tonnes of CO2 equivalent per million euros invested – shrank by 5% in 2018, compared with the previous year.
Since 2017, there have been no new investments in activities related to the coal industry3. Societe Generale Assurances also decided in 2018 to cease investment in activities related to the tobacco industry.
For its real estate investments, Societe Generale Assurances favours investment in highly energy-efficient buildings certified as compliant with the most demanding standards. The buildings acquired in 2018 (the KOSMO buildings in Neuilly-sur-Seine and PACIFIC in Paris La Défense) all carry the highest certification standards in terms of construction, renovation and operation.
Societe Generale Assurances investment policy also seeks to promote local economic development and infrastructure development in France and Europe. In 2018, Societe Generale Assurances acquired an equity stake in Régaz, a gas supply company serving the city of Bordeaux and 45 surrounding communities, and France’s leading independent gas supplier. The aim of the acquisition is to increase the share of gas from renewable sources injected into the grid.
Societe Generale Assurances is a founder member of the Strategic Equity Investment Fund (Fonds Stratégique de Participations or FSP), a long-term investor and shareholder in French companies. During 2018, the FSP made its 7th investment by taking an equity stake in NEOEN, the leading French independent generator of exclusively renewable energy (solar, wind and storage).
Societe Generale Assurances also helps to provide funding for companies and innovation by investing in market funds such as Nova, Novi, Novo and Fintech funds.