Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Biodiversity
• Social
• Health
• Governance

Environmental Achievements

• Increased responsible investment in portfolio to 85% in 2022 (from 0% in 2018)
• €690 million invested in green infrastructure, high-performance energy buildings, and transition energy technologies
• 1,868 GWh of clean energy produced, equivalent to the consumption of 400,000 French households
• €707.6 million in green bonds subscribed to finance the energy transition
• €108 million disinvested from controversial sectors and fossil fuels in 2022 (€462 million total since 2019)

Social Achievements

• €187 million invested in social and health initiatives
• Investment in social housing, medical-social residences, and holiday programs
• Support for innovative social projects through the BTP PLUS Foundation

Governance Achievements

• Integration of ESG criteria into investment policies and risk management
• Implementation of a two-hour mandatory training course on climate change and biodiversity for all employees
• 97% participation in general meetings of listed companies

Climate Goals & Targets

Environmental Challenges

• Difficulty in collecting and analyzing data on biodiversity preservation
• Complexity of phasing out conventional fossil fuels due to data limitations
• Need to revise the calculation of the portfolio's emission reduction trajectory

Mitigation Strategies

• Ongoing reflection on biodiversity issues
• Study to identify levers for phasing out conventional fossil fuels
• Work to revise the calculation of the emission reduction trajectory to align with market standards

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Article 29 of the French Energy-Climate Law, SFDR (Sustainable Finance Disclosure Regulation), European Green Taxonomy

UN Sustainable Development Goals

• Goal 3: Good Health and Well-being
• Goal 5: Gender Equality
• Goal 8: Decent Work and Economic Growth
• Goal 9: Industry, Innovation and Infrastructure
• Goal 11: Sustainable Cities and Communities
• Goal 13: Climate Action

PRO BTP's investments align with these SDGs through its focus on health, gender equality, sustainable infrastructure, and climate action.

Environmental Metrics

ESG Focus Areas

• Climate Change
• Social Responsibility
• Governance
• Biodiversity
• Sustainable Finance

Environmental Achievements

• 1,471 GWh of clean energy produced, equivalent to the consumption of 314,000 French households
• €748 million invested in green infrastructure, high-performance energy buildings, and energy transition technologies
• €17.8 million divested from controversial sectors and fossil fuels in 2023, bringing the total divested amount to €480 million since 2019

Social Achievements

• €217 million invested in social and health initiatives
• Launched Observatoire Santé PRO BTP, a multimedia platform focused on improving the French healthcare system
• Continued development of social tourism through BTP Vacances and BTP Voyages, with initiatives like simplified pricing and eco-labeling

Governance Achievements

• 90% of assets (€13.6 billion) managed according to Responsible Investment policy
• 98% participation in general meetings of listed companies by management companies
• 40% female representation on the boards of directors of portfolio companies

Climate Goals & Targets

Environmental Challenges

• Data limitations in fully assessing ESG impacts across all assets and sectors
• Complexity in measuring and reducing climate risk across diverse investment portfolios
• Challenges in tracking and mitigating biodiversity impacts

Mitigation Strategies

• Implementation of SWEEP software to centralize and track emissions data
• Progressive integration of financed emissions into SWEEP
• Collaboration with data providers like S&P Trucost and CDP to improve data quality
• Significant investment in green bonds (€1,260 million)
• Divestment from controversial sectors (fossil fuels, tobacco, etc.)
• Investment in impact projects focused on energy transition, health, and social cohesion

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Investment in energy transition and green technologies

Reporting Standards

Frameworks Used: Article 29 of the French Energy-Climate Law, EU Taxonomy Regulation (UE) 2020/852, EU Sustainable Finance Disclosure Regulation (SFDR), ACPR Instruction n° 2024-I-01

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 3 (Good Health and Well-being)
• Goal 7 (Affordable and Clean Energy)
• Goal 8 (Decent Work and Economic Growth)
• Goal 10 (Reduced Inequalities)
• Goal 13 (Climate Action)

Investments and initiatives contribute to these goals through various programs and projects

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• 1st place in the Insurance sector in Les Échos' 2023 Innovation Leaders ranking