Covea

In terms of female representation in leadership positions, Covea has a gender-balanced board of directors where 41% of the members are women. Furthermore, it discloses a target to increase the proportion of female managers to 57% between 2021 and 2023.

Covea discloses its absolute financed emissions.

Covea has a publicly available policy statement committing it to respect human rights, the health and safety of workers, to prohibit bribery and corruption, and to protect personal data. It also has in place a grievance mechanism accessible to all workers, external individuals and communities to raise human rights and bribery and corruption complaints or concerns. Furthermore, Covea discloses the proportion of women in its total direct operations workforce for each employee category. Moreover, Covea provides evidence of a process to identify and address bribery and corruption risks.

Covea could link the remuneration of its executive or management teams to sustainability performance criteria. Moreover, it has an opportunity to disclose a public commitment to gender equality and women’s empowerment and the actions taken to address any gender pay gap. The insurance company has also an opportunity to reach at least 40% female representation in senior leadership positions. Additionally, Covea could describe its engagement approach on sustainability themes and impact topics with investees.

Covea could disclose a target to reach net-zero financed emissions by 2050 and the key sectors it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. Moreover, the insurance company could provide evidence of the financing activities it devotes to climate solutions and of a commitment to minimize its negative impacts on biodiversity. No evidence was found regarding Covea’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.

Covea has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. Moreover, it can improve its performance by disclosing the proportion of its total direct operations workforce for each employee category by age group. To provide transparency on financial inclusivity, Covea has an opportunity to disclose the amount of finance directed towards women-owned businesses, small- and medium-sized enterprises (SMEs) or low-income developing countries.