2023-11-30 07:27:37
The outstanding investments presented as green by French insurers amounted to 151.8 billion euros at the end of 2022, France Assureurs indicated on Thursday, almost 17% more than in 2021.
This amount “progresses significantly», welcomed the general director of France Assureurs Franck Le Vallois to AFP, on the sidelines of the publication of the seventh Insurance and sustainable finance study. In detail, 60.4 billion euros were invested via funds in green real estate at the end of last year, 63.7 billion in green bonds (mainly directly), 16.1 billion in green infrastructure and 11.6 billion euros in environmental thematic funds and other green investments. At the end of 2021, this total stood at 129.8 billion euros, according to the same source. The 151.8 billion for 2022 remains a fraction of all investments by insurers, which approached 2,000 billion euros at the end of last year. “It is the societal responsibility of insurers to support this transition and not to disrupt the model.», underlined Franck Le Vallois.
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244 billion for activities eligible for the European taxonomy
The professional federation retained the scope of the Sustainable Finance Observatory, an organization attached to the Institute of Sustainable Finance (IFD), dedicated to the fight against global warming within Paris Europlace, to identify its investments “greens“. The amount rises to 244 billion euros for activities eligible for the European environmental taxonomy, with a different scope. The France Assureurs study also specifies that 131.9 billion euros were invested at the end of 2022 in units of account (UA) “responsible, green and united», responding to the ISR, Greenfin or even Finansol labels, i.e. more than a quarter of the total CUs. Beyond the amount, these investments which are potentially more profitable for policyholders but which present a risk of capital loss are growing: their number has increased by 10% in one year.
Insurers are among the players on the front line of climate change, since part of the bill for climate damage is presented to them. Their alliance aiming for a goal of carbon neutrality of portfolios by 2050, the NZIA, itself weathered a big storm this year, with the departure of several founding members including the French Axa, the German Allianz and the French reinsurer Scor .
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