Macif Commits to Sustainable Investments, Excluding New LNG Terminals

Strategic Insights -

Macif, a French insurance company, has announced its commitment to sustainable investments, with a target of at least €300 million by 2025. The company will focus on energy, social, and biodiversity regeneration through responsible bonds and real economy funds. Macif has also strengthened its oil and gas strategy, excluding new liquefied natural gas (LNG) export terminal projects due to their potential carbon emissions. The company aims to contribute to the objective of carbon neutrality by 2050 and has set a goal to reduce the carbon intensity of its private bond portfolio by 50% between 2022 and 2030.

Key Takeaways:

  • Macif will invest at least €300 million in sustainability issues by 2025, focusing on energy, social, and biodiversity regeneration.
  • The company excludes new LNG terminals from its investments, citing potential carbon emissions of over 10 billion tons by 2030.
  • Macif has achieved a 28% reduction in carbon intensity since 2022, aiming to reach 50% reduction by 2030.
  • The company has launched the Macif Terre et Vivant fund to preserve, protect, and restore living things, with a budget of €50 million.
  • Macif employees are undergoing training on biodiversity and finance as part of the Finance for Biodiversity Pledge.
  • Macif aims to contribute to the objective of carbon neutrality by 2050 through its proactive SRI strategy.

Statistics:

  • Macif has achieved a 28% reduction in carbon intensity since 2022.
  • The company aims to reduce the carbon intensity of its private bond portfolio by 50% between 2022 and 2030.
  • Macif has contributed to the financing of 2,315 gigawatt hours of renewable energy in 2024.
  • Macif's Macif Terre et Vivant fund has a budget of €50 million for preserving living things.
  • The company expects new LNG export terminal projects to emit over 10 billion tons of greenhouse gases by 2030.

Sources:

  • Macif-Mutualité (Press Release, June 30)