Cnp Assurances

CNP Assurances: Carbon Emissions and Climate Commitments

CNP Assurances, a French insurance and pension funding services provider, has reported significant carbon emissions across its operations and investments.

Emissions Data:

• 2025: Total emissions were approximately 87.8 billion kg CO2e, comprising Scope 1 emissions of about 3.5 billion kg CO2e, Scope 2 emissions of approximately 2.2 billion kg CO2e, and Scope 3 emissions of about 82.3 billion kg CO2e.
• 2024: Total emissions amounted to approximately 102.3 billion kg CO2e. This included Scope 1 emissions of around 4.5 billion kg CO2e, Scope 2 emissions of approximately 2.0 billion kg CO2e, and Scope 3 emissions of about 97.9 billion kg CO2e.
• 2023: Total emissions were approximately 82.4 million kg CO2e. Scope 1 emissions were around 1.8 million kg CO2e, and Scope 2 emissions were approximately 1.4 million kg CO2e (market-based). Scope 3 emissions were approximately 62.4 million kg CO2e, with purchased goods and services being a significant contributor.
• 2022: Total emissions were approximately 65.4 million kg CO2e. Scope 1 emissions stood at about 1.4 million kg CO2e, and Scope 2 emissions were approximately 2.4 million kg CO2e (market-based). Scope 3 emissions were around 60.7 million kg CO2e.
• 2021: Total emissions were approximately 63.3 million kg CO2e, with Scope 1 emissions at about 1.5 million kg CO2e and Scope 2 emissions at approximately 2.8 million kg CO2e. Scope 3 emissions were around 58.9 million kg CO2e.
• 2020: Total emissions were approximately 65.3 million kg CO2e, including Scope 1 emissions of about 1.3 million kg CO2e and Scope 2 emissions of approximately 2.9 million kg CO2e. Scope 3 emissions were around 61.2 million kg CO2e.
• 2019: Total emissions were approximately 76.5 million kg CO2e, with Scope 1 emissions at about 3.5 million kg CO2e and Scope 2 emissions at approximately 3.2 million kg CO2e. Scope 3 emissions were around 69.7 million kg CO2e.
• 2016: Total emissions were approximately 5.2 billion kg CO2e, consisting of Scope 1 emissions of about 2.4 million kg CO2e, Scope 2 emissions of approximately 2.3 million kg CO2e, and Scope 3 emissions of about 28.8 million kg CO2e.
• 2015: Total emissions were approximately 4.9 billion kg CO2e, with Scope 1 emissions at about 2.7 million kg CO2e, Scope 2 emissions of approximately 2.2 million kg CO2e, and Scope 3 emissions of about 16.5 million kg CO2e.

Climate Commitments and Reduction Targets:

CNP Assurances has set ambitious targets to reduce its environmental impact:

• Investment Portfolio Carbon Neutrality: The company is committed to achieving carbon neutrality in its investment portfolios by 2050.
• Portfolio Emissions Reduction (Equity, Corporate Bonds, Infrastructure):
  • A target to reduce the carbon footprint of its directly-held equity, corporate bond, and infrastructure portfolio by 25% between 2019 and 2024.
  • A further commitment to reduce this portfolio's carbon footprint by 53% between 2019 and 2029.
• Electricity Producers' Carbon Intensity: A goal to reduce the carbon intensity of electricity producers in which CNP Assurances is a direct shareholder or creditor by 17% between 2019 and 2024.
• Real Estate Portfolio Carbon Footprint:
  • A commitment to reduce the carbon footprint of its directly-owned real estate portfolio by 10% between 2019 and 2024.
  • A target to reduce GHG emissions related to energy consumption in its directly owned property portfolio by 40% by 2021, using a 2006 baseline.
• Internal Operations: A target to reduce the carbon footprint (Scopes 1 and 2, location-based) of its internal operations by 50% between 2019 and 2030.
• Thermal Coal Exposure: CNP Assurances is committed to achieving zero direct exposure to thermal coal in its investment portfolio by 2030 in the EU and OECD countries, and by 2040 globally.

CNP Assurances is a signatory to the Net-Zero Asset Owner Alliance, underscoring its commitment to aligning its investment portfolio with net-zero emissions by 2050. The company's SBTi commitments also reflect its dedication to science-based emissions reductions.