Life Insurance: How to Organize SRI Offers?

Investing in social responsibility? Especially among the new generation, the temptation on the part of the rescuer is increasing. According to a survey conducted by broker Meilleurtaux Placement in January 2022, 34% of French people want to save on their investment in the environment, 45% for 25-34 years old and 52% for 18-24 years old. These converts are facing a fast-growing supply.

Beginning January 1, 2022, life insurance policies must refer to at least one solidarity support, Socially Responsible Investment Fund (SRI), and Green Fund (related to ecosystem activities). “As a result, anyone can automatically put a portion of their capital into a responsible fund without changing the contract,” commented Philippe Gourdelier, co-founder of Patrimea. Financial standards, even if the holder is not necessarily aware of it.

Conclusion? Your savings may be responsible even if you don’t know it! Until recently, these products were only discovered on contracts with various account units (on the internet or from wealth management advisors). And, like Maif, there are some interrelationships that go beyond the subject’s curve. But now, responsible offers are everywhere, including bank offers. La Banque Postale is at the forefront of this theme, and Societe Generale included SRI fund offers from various management companies in all contracts last year.

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Finally, the main difficulty today is finding the right shoe. The offer is vast and covers a variety of realities. The easiest way is to focus on the label. There are two main ones, the SRI label and the Greenfin label. The first is a general seal. To get it, managers need to implement investment procedures that integrate non-financial standards, excluding at least 20% of the investment universe, or less virtuous societies. Over 900 funds have already won this medal. The Greenfin label is more demanding, but only relevant for products invested in green activities (energy, transportation, agriculture, etc.). It’s a dozen products.

This first filter is useful, but incomplete. In particular, the SRI label is particularly criticized because it does not exclude any sector (unlike the Greenfin label). “How do you understand that there are oil producers like Total at the forefront of certain SRI-labeled funds?” Asks Joseph Choueifati, co-founder of Goodvest. Also, it is being overhauled.

There are several possibilities for doing the second sort. First of all, it relies on reputable management companies in this area who have been working on SRIs for many years, such as Mirova, Sycomore AM, Ecofi … Another solution: transition climate change, reduction of inequality, etc. , Supporting funds with responsible themes, Circular Economy, etc.

Finally, another option is to offload to an expert. It manages your assets and distributes them within your contract, but with a responsible approach.two Robo-advisor For example, Naro and Yomoni offer sustainable versions of asset allocation. Offers developed at Sycomore AM also include a Boursorama Vie contract. The Saver Association Agipi has also integrated managed management of both thematic and non-financial standards integration into its flagship Cler contract. New contracts such as Goodvie have also been specially created in this niche (see table). The latter provides managed management with a portfolio compatible with the trajectory of global warming according to the Paris Agreement. The latter is done thanks to the carbon footprint calculation of the specialized institution Carbon4 Finance. These bespoke portfolios can also be personalized on selected themes (health, water access, employment, etc.). This type of initiative is expected to grow over the next few years.

Express

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Dario Ingiusto / L’Express


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