Socially responsible savings with my life insurance policy...Yes it's possible!
Since 2018, French insurers are fully committed to include in their life insurance offerings at least one units of account (UC) vehicle carrying an ISR, ethical or climate label, in particular the TEEC label (Energy and Ecological Transition for Climate), or the ISR label (Socially Responsible Investment).
Changes brought from 2022 on by the PACTE Bill provisions
- Multi-vehicle contracts should refer to three types of units of account: Socially responsible, TEEC and ISR.
- More information will be available to savers, including:
- a statement, before the subscription, of the percentage of socially responsible, TEEC and ISR UCs within the contract;
- a presentation in the annual statement stating how the investment policy takes into account environmental, social and governance factors, as well as the percentage of the euro fund invested in ethical, socially responsible funds financing the ecological transition.