Our responsibility
Striving to positively impact society and the environment
Positive impact is at the heart of our value proposition and our strategy. We have long been convinced that it is indispensable to manage policyholder savings by combining financial performance and positive impact on society.
To accelerate our approach and propose impact products and enriched services for partners and their customers, BNP Paribas Cardif created an Impact and Innovation Department in February 2022. This strategy aims to make insurance products and services more accessible while building on the responsible investment policy we introduced back in 2008, with a sharp focus on environmental, social and governance criteria.
Being a responsible insurer
Our goal is to make insurance more accessible – in other words, clearer, more inclusive and user-friendly, as well as being easier to apply for, with a 100% seamless digital customer experience.
- Our provident insurance documentation has been fully rewritten in standard, simple and clear language, with accessibility conditions that are more favourable to policyholders (right to be forgotten, limited exclusions, etc.);
- Simplified medical formalities for programmed savings products;
- 100% digital subscription for our outstanding balance insurance products on the local market and Wealth Management (France, Belgium and Luxembourg).
For more information, discover the flagship projects in our 2023 CSR Report.
Be a responsible investor
BNP Paribas Cardif has a responsibility both as an insurer and as an investor. Savings from our policyholders are managed with a long-term view and a dual motive: combining financial performance and a positive impact on society as whole.
Our positive impact investments
We invest in assets that have a positive impact, addressing different environmental challenges (such as the energy transition and the protection of ecosystems) and societal challenges (such as the fight against social inequality).
- €917 million of assets were in positive impact investments at 31/12/2023
- Our target: an additional €80 million on average by 2025
1,7 bn€ Positive impact investments in 2023
1,0 bn€ Additional target on average per year by 2025
Our Engagement and Voting Policy
The shareholder engagement policy is part of the transposition of European Directive 2017/828 of 17 May 2017 with a view to promoting long-term shareholder engagement. The voting policy is in extension of the investment policy.
Sustainability Regulatory Disclosure for Cardif Lux Vie
Discover below all the information on sustainability related-disclosure of Cardif Lux Vie, our insurance and retirement contracts and investment products, in accordance with the transparency requirements under European Regulation EU 2019/2088 “Sustainable Finance Disclosure Regulation” (SFDR), Regulation (EU) 2020/852 “Taxonomy” and article 29 of law 2019-1147 dated 8 November 2019 on Energy and climate.
Information relating to Cardif Lux Vie
Information relating to contracts (article 10 of the SFDR)
Information on the Cardif Lux Vie General Fund
Disclosures relating to the Taxonomy Regulation
2022 Universal Registration Document and Annual Financial Report. The report drawn up under the Taxonomy Regulation is prepared by BNP PARIBAS SA, Cardif Lux Vie’s parent company.
Being a responsible organization
For several years, we have been developing a strong corporate culture in favor of positive impact in all areas and we also increase awareness among our employees.
Developing a corporate culture in favor of diversity and inclusion
Reflecting Luxembourg and the diversity of its multicultural society, Cardif Lux Vie’s workforce spans 20 different nationalities. Cardif Lux Vie is committed to its workforce, encouraging diversity, promoting equal opportunities and supporting employees with their future career ambitions.
The Luxembourg Women in Finance Charter is a commitment by signatory firms and representative bodies to achieve greater gender balance and inclusivity across the Luxembourg financial services sector.
Supported by the Luxembourg Ministry of Finance, this Charter underpins the industry’s ambition to see increased participation of women at all levels within financial services organisations and representative bodies of the financial sector in Luxembourg.
– Promoting the progression of women at all levels, including at senior and board levels
– Appointing an Accountable Executive who is responsible and accountable for gender diversity and inclusion
– Setting internal targets and action plans which will be integrated into their firm’s goals
– Supporting transparency by publicly reporting on progress against these targets annually on their firm’s website
| SHARE OF WOMEN | 31/12/2022 | 2025 OBJECTIVES |
| Board of Directors | 12,5% (1 woman on 8) | 25% |
| COMEX | 37,5% (3/8) | 50% |
| Senior Management | 44% (11/25) | 50% |
Working to reduce our impact on environment
Each day, we endeavour to fulfil our environmental commitments by reducing our carbon footprint and energy consumption, recycling waste and selecting suppliers according to ESG criteria.
Supporting employee involvement in social initiatives
We encourage our employees to get involved in causes that are important to them. For example, every year in Luxembourg, they can participate in a Solidarity Week by dedicating half a day of their working hours to help local charities. By developing these initiatives, we take part in BNP Paribas’ “#1MillionHours2Help” volunteer programme for equitable and sustainable growth.