Finance - To be a responsible investor and a contributor to the real economy

In a world in which investment can have a real impact, we have one key driving force at Societe Generale Assurances: our shared and ambitious vision of sustainable investment as a powerful means of transformation.

COMMITED TO SUSTAINABLE FINANCE

Supporting the energy transition and actively contributing to the fight against climate change

In accordance with Societe Generale group’s commitments and initiatives of the Paris Agreement, we have made concrete and public gommitments to fight against climate change and preserve biodiversity. Since 2019, we have decided to align our asset portfolio with the goals of the Paris Agreement and achieve carbon neutrality for our investment portfolio by 2050.

To ensure the operational implementation of this ambition, we have set specific targets: complete divestment from the thermal coal sector by 2030 for companies with assets in EU and OECD countries, and by 2040 in the rest of the world; reduce the carbon footprint of our equity and corporate bond portfolios by 30% by 2025 compared to 2018; reduce our overall exposure to the oil and gas extraction sector by 10% between 2020 and 2025 and limit our exposure to unconventional fossil fuels; and double our green assets by 2025 compared to 2020.

In addition, we have strengthened our commitment to biodiversity preservation by signing the “Finance for Biodiversity Pledge” and tightening our investment policy regarding activities contributing to deforestation.

As a long-term investor, we support the energy transition and contribute to the fight against climate change. As of the end of 2022, our sustainable outstandings amount to 17.3 billion euros, and we offer over 1,300 responsible funds, with 34% of labeled funds to our clients. Our green outstandings reach 4.7 billion euros.

In our real estate investments, we prioritize energy-efficient investments and the highest certifications for construction, renovation, and operation. The market value of our “green” real estate portfolio, which has environmental certifications, was evaluated at 4.2 billion euros at the end of 2022 (compared to 3.4 billion euros at the end of 2021).

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4.2 bn EUR
of real estate investments with environmental certification
4.7 bn EUR
of green outstandings