In April 2025, BNP Paribas Cardif made a public commitment in line with those of the BNP Paribas Group. The life insurer became the 3rd of the five largest French life insurers, after CNP Assurances and Société Générale Assurances, to commit to no longer investing in new bonds issued by companies developing new oil and gas fields. Suravenir and MACSF, however, remain the only two life insurers to have applied the same measure to bonds from companies developing new liquefied natural gas (LNG) terminals. While further details of its commitment are awaited, BNP Paribas Cardif is sending out a strong signal to its two major competitors, Crédit Agricole Assurances and AXA, which are still investing their customers’ savings in companies pursuing the expansion of oil and gas production.
