from CNP ASSURANCES (EPA:CNP)
CNP Assurances becomes the 1st French insurer in the Sustainalytics ESG ranking
CNP Assurances becomes the 1st French insurer in the Sustainalytics ESG ranking
With the improvement of its ESG rating by the rating agency Sustainalytics, CNP Assurances is proud to announce that it has become the 1st French insurer and the 7th global insurer in this ranking[1]. The CNP Assurances SA score is thus reduced from 15.59 to 12.29[2].
Sustainalytics highlighted progress in the following areas:
- Business ethics with a new C@pEthic[3] Code of Conduct
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Diversity with concrete commitments and actions to promote diversity within the company
- High and transparent ESG reporting standards
- Accessible products, with an increasing willingness to target vulnerable populations - Enhanced environmental policy and actions for the environment.
This recognition by Sustainalytics demonstrates CNP Assurances' continued commitment to integrating ESG criteria into all of its activities and promoting sustainable and responsible growth.
Deputy Chief Executive Officer, Chief Financial and Non-Financial Officer of CNP Assurances Group
With a committed sustainability strategy and overall performance, CNP Assurances is recognized for its environmental, social and governance commitments.
This position as the leading French insurer in Sustainalytics' ESG ranking is a real source of pride for all of the Group’s employees as an insurer and a responsible investor.
CNP Assurances is making progress towards its goal of being among the top 5 to 10% of insurance companies on these criteria[4].”
About the CNP Assurances Group
The CNP Assurances Group is a property and personal insurer with more than 8,300 employees. Its net income amounted to €1,582m in 2024. A subsidiary of La Banque Postale, the Group is no. 2 in property loan insurance and life insurance in France. It is the 5th largest insurer in Europe and the 4th largest insurer in Brazil. Its solutions are distributed in 19 countries by various partners and insure more than 36 million people in personal insurance and protection, and 13 million in retirement savings. CNP Assurances is a responsible insurer and investor (more than €400bn invested in all sectors) that works for an inclusive and sustainable society, protecting and facilitating all life paths.
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[1] On almost 300 companies listed by Sustainalytics in the “Insurance” category.
[2] Ratings from 0 to over 40, with the best score being 0, see https://www.sustainalytics.com/esg-rating/cnp-assurances-sa/1012371264
[3] https://www.cnp.fr/en/cnp/content/download/10459/file/CapEthic-Code-de-conduite-Groupe-Edition-2024-EN.pdf
[4] Corporate mission indicator, target end-2025, average of the relative positioning of ESG ratings from CNP Assurances in relation to the insurance sector on a panel of 3 rating agencies: MSCI, Sustainalytics, S&P Global CSA.