Where does the positive impact investments go?
As part of its pledge to dedicate an average of 1 billion euros per year by the end of 2025 to positive impact investments, BNP Paribas Cardif hit the ground running with a commitment of 1.5 billion euros in 2021. In this way we impart meaning to the investments of savers and enable them to support projects with a variety of thematic focuses.
Investments range across environmental themes such as energy transition, and protection of land and aquatic ecosystems; societal themes such as social inequalities (affordable housing and digital divide), diversity (social diversity and support for women), and employment; as well as multi-thematic investments that impact both environmental and social causes.
In 2021, BNP Paribas Cardif continued to play an active role in the development of the green bonds that make it possible to finance projects with high environmental value in particular.
For instance, BNP Paribas Cardif have invested in a green bond issued by Energias de Portugal. It will support projects dealing with the design, construction, installation and maintenance of renewable energy production projects, such as onshore and offshore wind farms and solar power plants.
Focus on biodiversity
Like global warming, the decline of biodiversity is a major issue BNP Paribas Cardif addressing as an insurer. As part of our general fund at BNP Paribas Cardif, we direct some of our investments towards projects which contribute to the preservation of ecosystems and natural species. We have invested in several green bonds and in impact funds which finance projects related to the restoration of deforested areas or the fight against ocean waste and plastic pollution.
A responsible real estate strategy to help reduce inequalities
BNP Paribas Cardif has increased its investments in funds with significant social impact. The diversification of its investments enables the insurer to have a concrete impact on key social issues.
In 2021, for instance, BNP Paribas Cardif signed an agreement with the housing association Habitat et Humanisme Ile-de-France, allocating 32 units from its real estate portfolio in Paris for six years. The units are provided on a temporary basis for families in need until they can find long-term housing solutions.