CNP ASSURANCES (EPA:CNP) - CNP Assurances announces new ambitions to withdraw from the coal industry

Transparency directive : regulatory news

28/11/2018 11:03

PRESS RELEASE
Paris, 28 November 2018

   CNP Assurances announces new ambitions to withdraw from the coal industry

As part of its strong commitment to the fight against climate change, a few
days ahead of COP 24, CNP Assurances announces new goals to reduce its exposure
to thermal coal, the energy source that emits the most greenhouse gases.

The Group will in future refrain from investing in companies of which more than
10 % of turnover (as opposed to 15 % in the past) is linked to thermal coal. In
addition, it undertakes no longer to invest in companies that are the most
heavily involved in the development of new coal plants.

CNP Assurances at the same time intends to support efforts from companies that
demonstrate a commitment to stop using thermal coal and redirect their
investments towards other forms of energy.

CNP Assurances moreover confirms its target to reduce the carbon footprint of
its share portfolio by 47 % to attain an investment level of 0.25 teqCO2/EURK
by the end of 2021(1), lower the energy consumption of its property assets by
20 % by 2020, and make new investments worth EUR 5 billion to further
environmental and energy transition by 2021.

The Group's target of putting EUR 3 billion in green investments before the end
of 2018 was already reached in September 2018.

(1) Since 2014

About CNP Assurances

CNP Assurances is the leading personal insurer in France with net profits of
EUR1.285 billion in 2017. The Group is active in Europe and Latin America, with
its secondary market strongly positioned in Brazil.

It has more than 38 million personal protection policyholders worldwide and
over 14 million in savings and pension plans. An insurer, co-insurer and
reinsurer, CNP Assurances designs innovative protection and savings solutions.
They are distributed by many partners and are adapted to their distribution
mode, from physical networks to platforms that are 100% online, and the needs
of customers in each country.

CNP Assurances has been listed on the Paris Stock Exchange since October 1998
and relies on a stable shareholder base (the Caisse des Dépôts, La Banque
Postale, the BPCE Group and the French state).

Contacts

Press
Florence de Montmarin / +33 (0)1 42 18 86 51
Tamara Bernard        / +33 (0)1 42 18 86 19

servicepresse@cnp.fr

Follow us on: Twitter, Linkedin, Facebook

Investors and analysts
Vincent Damas         / +33 (0) 1 42 18 71 31
Jean-Yves Icole       / +33 (0) 1 42 18 86 70
Typhaine Lissot       / +33 (0) 1 42 18 83 66
Julien Rouch          / +33 (0) 1 42 18 94 93

infofi@cnp.fr

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