Climate Change Data

SGAM MALAKOFF HUMANIS

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:3,472,000 tCO2e/year (Scope 1, 2, and 3 for listed assets)
Carbon Intensity:134 tCO2/M€ invested (2022)

ESG Focus Areas

  • Climate change
  • Biodiversity
  • Gender equality
  • Disability inclusion

Environmental Achievements

  • Launched a decarbonization strategy aiming for a 50% reduction in greenhouse gas emissions from investments by 2030.
  • Invested nearly €100 million in impact funds focused on environmental and social issues.
  • Increased holdings of green bonds to €1.152 billion by the end of 2022.

Social Achievements

  • Launched a social impact bond fund with Sienna Impact Managers (€70 million commitment) focusing on gender equality, disability inclusion, and senior employment.
  • Achieved a gender equality index of 96/100.
  • 8.9% of employees are in situations of disability.

Governance Achievements

  • Implemented a robust ESG governance structure with oversight at the board and executive levels.
  • Integrated RSE criteria into the calculation of employee bonuses (6%).
  • Established a common voting policy applied by asset managers in 2023.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions by 2040.
Medium-term Goals:
  • Reduce greenhouse gas emissions from investments by 50% by 2030.
  • Complete exit from unconventional fossil fuel investments by 2030.
  • Invest €1 billion in high-materiality investments by 2025.
Short-term Goals:
  • Reduce greenhouse gas emissions from investments by 15-25% by 2025.
  • Achieve 55% of assets labeled ISR by the end of 2023.
  • Complete exit from coal investments by the end of 2024.

Environmental Challenges

  • Data limitations and methodological changes affecting comparability of certain indicators between 2021 and 2022.
  • Challenges in obtaining granular ESG data for non-listed assets.
  • Addressing the risks associated with climate change and biodiversity loss.
Mitigation Strategies
  • Developed partnerships with ESG rating agencies (MSCI, Carbon4 Finance, Sustainalytics) to improve data access and analysis.
  • Implemented a phased approach to ESG integration across asset classes.
  • Initiated a modeling exercise to project the climate trajectory of investments and define intermediate decarbonization targets.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events, sea-level rise
Transition Risks
  • Regulatory changes, market shifts, consumer preferences

Reporting Standards

Frameworks Used: SFDR

UN Sustainable Development Goals

  • SDG 13 (Climate Action)

Investments in renewable energy, green bonds, and impact funds contribute to climate action.

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:3,562,000 tCO2e (listed assets)
Carbon Intensity:124 tCO2e/M€ invested (listed assets)

ESG Focus Areas

  • Climate Change
  • Biodiversity
  • Gender Equality
  • Disability Inclusion

Environmental Achievements

  • Reduced the carbon footprint of its investments by nearly 16% between 2019 and 2023.
  • Achieved a 98.5% share of investments in listed funds classified as Article 8 or 9 under the SFDR.
  • Reduced the fossil fuel share of its portfolio from 9% to 6.6% (restricted perimeter) and from 4% to 3.1% (total listed assets) between 2022 and 2023.
  • Reduced the brown share of its portfolio by almost half between 2022 and 2023.
  • Invested €492 million in green bonds in 2023.

Social Achievements

  • Launched a social fund with Sienna.
  • Invested €35 million in three impact funds focused on ecological themes.
  • Over 86% of employees completed e-learning on disability.
  • Incorporated ESG criteria into executive compensation.

Governance Achievements

  • Strengthened ISR integration within the investment management by incorporating an ISR component into financial management committees and non-listed committees.
  • Established a quarterly meeting of the ISR committee in 2023 to monitor the ISR roadmap and current issues.

Climate Goals & Targets

Long-term Goals:
  • Reduce carbon footprint of investments by 50% by 2030 (compared to 2019).
Medium-term Goals:
  • Reduce carbon footprint of investments by 25% between 2019 and 2026.
  • Achieve 55% of labeled assets by the end of 2023.
  • Complete exit from unconventional fossil fuels by 2030.
Short-term Goals:
  • Reduce carbon footprint of investments by 5% in 2024.
  • Complete exit from thermal coal by the end of 2024.
  • Implement ESG criteria for non-listed infrastructure investments.

Environmental Challenges

  • Data limitations for non-listed assets, particularly in calculating carbon emissions.
  • Difficulty in assessing the impact of investments on biodiversity due to limited data from companies.
  • Complexity in quantifying financial risks related to climate change.
Mitigation Strategies
  • Engaged external experts for carbon footprint modeling and data collection.
  • Developed a methodology for estimating carbon emissions of non-listed assets.
  • Used MSCI and Carbon4 Finance data to assess climate-related risks.
  • Initiated a biodiversity strategy with Carbone4 Conseil.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Sea level rise
  • Heat waves
Transition Risks
  • Regulatory changes
  • Market shifts
  • Technological advancements
Opportunities
  • Investments in renewable energy

Reporting Standards

Frameworks Used: SFDR