"The EUR 6 billion of new green and sustainable investments made over the last three years have allowed us to exceed our pre-set targets ahead of schedule. We believe that the private sector can play a key role in financially supporting the 'Just Transition' for a future with net-zero greenhouse gas emissions by assisting public institutions in taking the necessary actions," stated Philippe DONNET, CEO of the Group.
Here are the main features of the new strategy, as announced today:
Direct Investments
The new goals include:
- EUR 8.5 - EUR 9.5 billion of new green and sustainable investments between 2021 and 2025. This is in line with the previous target of EUR 4.5 billion between 2019 and 2021, which was surpassed a year in advance and stood at EUR 6 billion at year-end 2020;
- Increasingly restrictive exclusion criteria for the coal sector, towards a gradual but complete disposal of investments in these activities. The new strategy aims to fully phase out issuers which operate in the thermal coal sector in OECD countries by 2030 and 2040 in the rest of the world;
- Gradual decarbonization of the direct investment portfolio to reach carbon neutrality by 2050. This is consistent with the Paris Agreement's goal to limit the global warming to 1.5
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