Launched on 26 September 2023, the Nature Action 100 coalition brings together 190 institutional investors (asset managers, insurers, pension funds), including CNP Assurances, to initiate dialogue with 100 key companies from the eight sectors having the greatest impact on nature and encourage them to reduce their impact on biodiversity.
With scientists warning of a collapse in biodiversity, it is vital that companies commit at their level to preserving and restoring it. The 190 investors having joined the Nature Action 100 coalition, together managing $23,600bn in assets, have fully understood that preserving nature is essential for the economy. As half of global GDP is based on resources and services provided by nature, protecting the latter could avoid a $2,700 billion annual decline in global GDP by 2030.
Nature Action 100 has targeted 100 large companies in the eight sectors with the greatest impact on nature: pharmaceuticals; chemicals; personal and household goods; consumer goods; food; distribution; forestry; metals and mining. As a first step, all the members of the coalition will write to these companies to encourage them to act for the protection of nature. These letters will be followed by shareholder-based dialogue and concrete measures will be expected.
CNP Assurances’ participation in Nature Action 100 corresponds to one of the commitments of its corporate mission, namely to fight against global warming and protect the natural world by contributing to the ecological transition.
CNP Assurances is actively committed to protecting biodiversity as a signatory to the Finance for Biodiversity Pledge and a member of Nature Action 100 and by having set targets for 2025 (for example, the Group is committed to measuring 100% of the biodiversity footprint of its corporate portfolio and to devoting 3% of its forests to natural areas.) For several years, CNP Assurances has been promoting action-based dialogue on biodiversity issues. In 2022, this theme was addressed in nearly a quarter of the dialogue with the companies in the portfolio. The Group’s shareholder engagement policy details its expectations on biodiversity-related issues with concrete criteria on governance and the measurement of impact and dependency, as well an action plan and alignment with international agreements. CNP Assurances is convinced that together, and through dialogue, a profound and systemic change is possible.
Stéphane Dedeyan, Chief Executive Officer of CNP Assurances : “For many years, CNP Assurances has integrated biodiversity issues into its shareholder dialogue. We believe that together with companies and other investors we can protect and restore nature. Our participation in Nature Action 100 is fully in line with this approach.”