Paris, July 1, 2025 – In its 2024 ESG report published at the end of June, BPCE Assurances commits to halting new investments in companies developing new oil and gas extraction and production projects. BPCE Assurances becomes the 12th life insurer to make such a commitment, but more importantly, it is the first to extend the scope of its fossil fuel policies to its unit-linked products, in addition to the indirect investments of its euro fund. Reclaim Finance welcomes the new measures taken by BPCE Assurances and calls on the two major French life insurers, Crédit Agricole Assurances and AXA, to follow the recent progress made by some of their competitors by stopping investment in companies behind oil and gas expansion.
