Groupama Group

Groupama Group has an engagement policy where it describes its approach on sustainability themes and impact topics with investees. The financial institution publishes a stewardship /engagement report describing how the engagement policy is applied in practice and publishes case studies describing where it has engaged successfully with investees on sustainability themes and impact topics.

As a member of Climate Action 100+, Groupama Group discloses that it collectively engages with its clients on the topic of climate change. In addition, Groupama Group discloses the aggregate amount and share of finance it devotes to climate solutions and disclose that its climate solutions are defined according to an internationally adopted framework.

Groupama Group has a publicly available policy statement committing it to respect human rights and a statement committing it to respect the ILO core labour rights. The financial institution has a grievance mechanism accessible to all workers to raise human rights complaints or concerns. Additionally, the insurance company discloses the proportion of women in its total direct operations workforce for each employee category.

In terms of its approach to senior leadership accountability, there is no evidence that Groupama Group assigns responsibility for sustainability to the group’s board of directors. Groupama Group could link the remuneration of its executive and management team to sustainability performance criteria. The insurance company could also reach at least 40% female representation in the board of directors and senior leadership positions.

There is no evidence that Groupama Group discloses a target to reach net-zero financed emissions by 2050. The financial institution could disclose key sectors or companies identified as priorities to engage with on climate issues, specifically alignment with the Paris Agreement. Regarding nature and biodiversity, no evidence was found that the financial institution is committed to minimising its negative impacts or financing regenerative solutions. No evidence was found regarding the financial institution’s approach to fossil fuels that spans across the fossil fuel value chain, such as the amount or share of finance it directs towards fuels, or its stance on financing companies with new fossil fuel projects.

Groupama Group has an opportunity to describe the process for identifying its human rights risks and impacts through its relevant financing activities. To provide transparency on financial inclusivity, the financial institution has an opportunity to disclose the amount of finance directed towards, for example, women-owned businesses, small- and medium-sized enterprises (SMEs) or low-income developing countries.