The insurance subsidiary of Crdit Agricole, Spirica, announced this Tuesday, April 16, the launch of a new euro fund dedicated to the fight against global warming: the Climate Objective euro fund.
The insurer Spirica is launching a new euro fund. Its particularity? THE climate objective euro fund is dedicated to fight against global warming. Currently, within a life insurance contract, only unit-linked supports that align with the requirements of Article 9 of the SFDR2 regulation include both a sustainable investment objective and a high level of transparency. , explains Spirica in a press release published this Tuesday, April 16.
This euro fund is already accessible within certain life insurance and multi-support capitalization contracts insured by the Crdit Agricole subsidiary in free management through free or scheduled payments. He will be gradually deployed by the end of the year. It is already available on the NetLife 2 contract, for example, distributed by independent wealth management advisors.
Financing adaptation to change and sustainable management of our resources
The major objectives of this brand new Euro fund is to finance adapting to change (clean transport, land use planning, clean buildings, circular economy, etc.) and sustainable management of our resources (production of renewable energies, energy infrastructure, sustainable management of waste and water, regenerative agriculture and reforestation), explains Spirica.
The fight against global warming is obviously a challenge that we must collectively take on. We are convinced that it is possible to give meaning to your savings without giving up the profitability of your investments. Finally, we consider that our role as an insurer also consists of acting for financial education, by combining transparency and pedagogy in the information made available to our distribution partners and our policyholders, says Anad Chahinian, General Director of Spirica.
It is therefore no surprise that the Crdit Agricole subsidiary ensures that the green bonds and the supports making up this fund are rigorously selected through a strict methodology and must demonstrate with maximum transparency their positive impacts on the energy and ecological transition.
For this, the insurer has surrounded itself with a committee of independent sustainable finance experts. A non-financial impact report aimed at making the information as transparent and educational as possible will also be made available.
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