French reinsurer CCR Re has seen significant growth in its ESG asset portfolio, which has increased by 20% since 2022, reaching over €1 billion out of €3.6 billion in Assets Under Management (AUM).
In its 2023 ESG Report, CCR Re attributes this robust growth to its commitment to sustainable and responsible investment. Additionally, all the assets CCR Re delegates are handled by fund managers who are signatories to the Principles for Responsible Investment.
The company also emphasises the increasing importance of natural catastrophes, noting that over two-thirds of its income comes from Property Damage and Specialty Lines. CCR Re is particularly aware of the rising frequency and impact of these events.
A notable achievement reported by the firm is the successful transition of all its buildings to green energy sources, significantly reducing overall energy consumption. This effort is part of CCR Re’s policy to minimise its environmental footprint.
CCR Re continues to align with the objectives of the Paris Agreement. In 2023, the company reduced its CO2 emissions by 15% compared to the previous year, marking a major step towards its goal of carbon neutrality.
CCR Re concluded, “This 2023 ESG Report not only highlights our achievements but also showcases the ongoing dynamics within the company. Our actions and progress to date reinforce our determination to pursue these efforts steadily to contribute to the essential transition to a more sustainable, inclusive, and resilient economy.”
