The environment

To help speed up the transition to a more sustainable model of society, we have decided to take action to reduce our environmental footprint. We also favour impact investments and strive on a daily basis to raise environmental awareness among our members and customers.

As a leading motor and household insurance group, Covéa is directly affected by global warming, since transportation and housing account for more than a half of greenhouse gas emissions.

This is particularly the case since climate change increases the frequency and impact of events such as floods and droughts.

The modelling of climate risks

Since the end of the 1980s, the annual cost of climate disasters has tripled in France.

According to the results of the study conducted for the Covéa white paper on the modelling of climate risks, floods resulted in compensation of €21.6 billion between 1982 and 2020.

The cost of droughts for the insurance market amounted to nearly €15.2 billion between 1989 and 2020.

The study, the only one of its kind on the market, also quantifies the expect changes in damages relating to flooding, drought, hail and storms as a result of climate change between now and 2050.

This scientific work was made possible by the modelling of climate changes and models of damages developed by Covéa on the basis of past claims and analysis of its home insurance risk portfolios in mainland France.

The results of the study are alarming: between now and 2050, flood-related damages are expected to increase by 110% across all of mainland France, the frequency of severe drought episodes by 70% and hailstorms by over 40%.

Video: the Covéa Group and climate risks (French version)

Taking action on what we control

We identified our direct sources of greenhouse gas emissions and the ways in which they could be reduced, then drew a downward curve for these emissions,

This low-carbon trajectory, included in the Covéa 2024 - Growing Together strategic plan, is our guideline in the committment to reduce our direct greenhouse gas emissions by 3% per year over the period 2022-2024.

We then aim to achieve a 41% reduction by 2034 and a 78% reduction by 2050.


The annual target for
the reduction of our
direct greenhouse gas
emissions over the
period 2022-2024.


This is the target for
the reduction of our
direct emissions by
2034 based on our
low-carbon trajectory.


This is the target for
the reduction of our
direct emissions by
2050 based on our
low-carbon trajectory.

At the same time, it is also our responsibility as a real estate and financial investor to direct our investments towards sustainable activities and to support companies in their transformation.

Our role as an insurance consultant and the local contacts that our MAAF, MMA and GMF brands maintain with our customers and members, should enable us to play a role in raising awareness and in prevention among the general public.