Sustainable investments
Our ambition is clear: align the portfolio with a trajectory compatible with the Paris Agreement. In 2024, the portfolio temperature stood at 2.7°C (Carbon4Finance methodology), and the consolidated carbon footprint (Scopes 1, 2, 3, analyzed) decreased by 20% compared to 2023. With regard to directly managed corporate bonds, the 50% reduction target (Scopes 1 & 2, 2020 baseline, 2030 horizon) was achieved ahead of schedule.
At the same time, we channel capital towards the transition through green bonds, climate funds and high-performing real estate operations, combining returns, risk management, and a tangible contribution to decarbonisation.
Our exclusions shape long-term selectivity: phasing out thermal coal by 2030, excluding companies expanding across all fossil fuels sectors (coal, oil, gas), and exiting unconventional hydrocarbons by 2030.
Strict exceptions apply when financing takes the form of green bonds or is part of credible transition plans. This discipline results in very low residual exposure to fossil fuels: less than 1% to coal and less than 2% to oil and gas across the consolidated portfolio.
Our biodiversity strategy built around two pillars: reducing impacts and financing solutions (relevant bonds and funds), with targeted exclusions such as non-RSPO-certified palm oil beyond a certain threshold.
Our double materiality approach is based on the ENCORE tool, which shows a strong or very strong impact for 16% of assets under management and a strong or very strong dependency for 24%, and on the BIA-GBS footprint (MSA.sq.m/€), confirming the decisive role of climate and land use. These diagnostics guide our mitigation plans and sector priorities to ensure our trajectory is aligned with biodiversity challenges.
In 2025, we will continue aligning the portfolio with a trajectory compatible with the Paris Agreement, progressively inceasing the share of climate ESG-climate assets without compromising ALM, and refine biodiversity risk management (water, deforestation) as well as reporting under the EU Taxonomy and SFDR. This continuous improvement process which covers financial markets, real estate assets and everyday mobility anchors our role as a responsible investor with a long-term vision.
At Arundo Re, our commitment to sustainable development is also reflected in our internal practices. In Paris, "we encourage our employees to use low-carbon means of transport: Vélib’Pro subscriptions are covered by the Company, as is partial reimbursement of the Véligo pass for electric bike rentals. An annual bike repair allowance ensures safe riding. A secure bike parking facility is available at headquarters, and our remote working policy helps reduce daily commuting.
We also implement recycling initiatives including selective waste sorting in offices, dedicated collection for paper, printer cartridges and electronic equipment, as well as workshops to raise awareness on recycling and waste reduction. These initiatives aim to reduce our environmental footprint and encourage eco-friendly habits every day.