The French have an ambivalent view of solidarity savings. On the other hand, 1 in 4 want to favor investments with a social purpose, indicates OpinionWay during a study carried out for France Active. On the other hand, two thirds of them feel poorly informed and do not know the existing products or their purpose. A challenge to take up for the sector and for Fair, the association which manages the Finansol label, dedicated to solidarity savings. It is both the oldest responsible finance label and the smallest, with 26.3 billion euros in assets outstanding at the end of 2022.
These instruments have mainly developed in the field of employee savings, where solidarity funds have been compulsory since 2001. The supports, called “90/10”, place 90% of their capital in listed securities and keep a pocket of 5 10% of their outstanding assets to invest in solidarity organizations. The Minister for SMEs, Olivia Grégoire, announced at the beginning of November that she wanted to raise this ceiling to 15%.
Another flagship product: sharing booklets, which allow you to donate all or part of your winnings to an association. Life insurance is gradually getting into this. Since 2022, each contract must reference at least one solidarity unit of account as well as a responsible and green fund. Some players, such as Maif, go further with solidarity euro funds. Recently, Generali obtained the label for its Générations Croiss@nce durable fund.