Being a responsible investor
Being an insurer and an institutional investor confers great responsibility upon us. We have long been convinced that it is indispensable to managing policyholder savings by combining financial performance and positive impact on society.
Our ESG approach
Since 2008, we have been guided by environmental, social and corporate governance criteria when making investment choices. Restrictions or exclusions are also applied when it comes to sensitive sectors. In this regard, BNP Paribas Cardif is aligned with the Group’s practices; Its investment universe does not include conventional bonds issued on the primary market by oil and gas exploration and production companies. Last, a carbon filter allows us to check the emission levels (in tons of CO2 equivalent) and assess the energy transition strategies of the companies in which we invest.
In 2024, 96% of the assets held within our French Euro-fund underwent an ESG.
Our positive impact investments
BNP Paribas Cardif invests in assets that have a positive impact, addressing different environmental challenges (such as the energy transition and the protection of ecosystems) and societal challenges (such as the fight against social inequality).
3 bn€ positive impact investments made in 2024
2 bn€ positive impact investments on average per year since 2019
Our commitments regarding carbon neutrality
In order to support the economy to its low carbon transition, BNP Paribas Cardif is committed since 2021 to reduce greenhouse gas emissions of its investment portfolios and contribute to the respect of the Paris Agreement.
Therefore, we have:
- Taken the commitment to reduce the carbon footprint of our investment portfolios and contribute to the respect of the Paris Agreement
- Defined decarbonisation objectives for our investment portfolios (equities and corporate bonds held directly) in sectors with the highest greenhouse gas emissions
- Developed the investments in the environment by investing in the energy and ecological transition
- Engaged dialogue with companies and asset managers to strengthen the integration of environmental, social and governance issues into their strategy. BNP Paribas Cardif is encouraging companies that emit the most greenhouse gases to strengthen their climate action plans.
In 2025, BNP Paribas Cardif is continuing its commitments to align its investment portfolios with the neutrality trajectory by 2050.
Our engagement and voting policy
The shareholder engagement policy is part of the transposition of European Directive 2017/828 of 17 May 2017 with a view to promoting long-term shareholder engagement. The voting policy is in line with the investment policy.
Cardif Assurance Vie
Sustainability-related disclosure
Cardif Assurance Vie
Informations relating to contracts
General funds
Cardif Retraite
Sustainability-related disclosure
Cardif Retraite
Informations relating to contracts
General funds
Disclosure of information related to the Taxonomy Regulation
Universal Registration Document and Annual Financial Report 2022 (p712). The report drawn up under the Taxonomy EU Regulation 2020/852 is prepared by BNP PARIBAS SA, Cardif Assurance Vie’s parent company, and is available here : Universal Registration Document and Annual Financial Report 2024.
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