As a responsible investor committed to the preservation of the living world and biodiversity, CNP Assurances is supporting the launch, at the initiative of La Banque Postale Asset Management (LBP AM), of an international equity fund, Tocqueville Biodiversity ISR. The new fund will target companies that contribute to improving the protection of ecosystems or reducing the footprint of their business activities on biodiversity.
As a signatory of the Finance for Biodiversity Pledge in September 2021, CNP Assurances has set itself ambitious goals on the preservation of the living world and was one of the first investors to publish the impacts and risks of its investment portfolio in terms of biodiversity. CNP Assurances is now working alongside LBP AM and, through an investment of €120m, is supporting the launch of the Tocqueville Biodiversity ISR fund.
Aimed at preserving the living world and contributing to limiting the disappearance of plant and animal species, the fund is fully consistent with the corporate mission of CNP Assurances through its four main themes: sustainable agriculture and food (regenerative agriculture, sustainable food production, reforestation and sustainable forest management), the circular economy (collection and recycling systems, recyclable or compostable packaging), green buildings (new building materials) and environmental services and solutions (water, air and soil treatment, decontamination technologies).
The investment teams at CNP Assurances were convinced by the fund’s selection and management process, which aims to identify companies providing solutions that contribute to limiting the pressure on biodiversity
and selecting best-in-class companies in the field, and by the strong commitment of LBP AM and Tocqueville Finance to supporting companies in the implementation of these solutions. The exclusion of companies
involved in business activities exerting structurally negative pressure on biodiversity, such as deforestation, fossil fuels and mining, is also in line with CNP Assurances’ commitments.
Olivier Guigné Group Chief Investment Officer and Head of the Engineering and Wealth Management Business Unit, CNP Assurances said : “As a responsible insurer and investor, CNP Assurances is fully committed to protecting biodiversity. The Group was one of the first investors to publish the impacts and risks of its biodiversity investment portfolio. By investing €120m in this fund managed by LBP AM and Tocqueville Finance, CNP Assurances is operationally implementing its commitment to preserving the living world by being a committed player in the ecological transition.”