Reclaim Finance calls for more “regulation” so that savers can “make an informed choice” on the ecological transition

Reclaim Finance asks for more “regulation by public authorities” and of “transparency” in life insurance contracts so that the saver can “make an informed choice when you want your savings to really benefit the transition” ecological, explains its insurance campaign manager, Ariel Le Bourdonnec, on franceinfo, Wednesday June 5.

According to a report from the NGO, life insurance, the leading savings product for the French with more than 1,900 billion euros in assets, “contributes to fueling climate change”. On more than 8,000 units of account [parts ou actions de valeur mobilière ou immobilière ou des produits structurés] analyzed, “63% of these units of account contain at least one company that develops new fossil fuel projects”adds Ariel Le Bourdonnec.

“Today you have a lot of units of account which have this green, green, responsible label, and ultimately, when we look at these units of account, we always find the same companies”, says the insurance campaign manager of Reclaim Finance. These include TotalEnergies, Eni, BP and Shell. “TotalEnergies appears in more than 25% of these units of account that have been analyzed”, specifies Ariel Le Bourdonnec. Insurers who offer life insurance have “commitments on paper”, but “in fact, they continue to place their savers’ money in such companies”, he laments.