In 2020, ICMIF member MAIF (France) adopted a proactive climate strategy aimed at bringing its investment portfolios as close as possible to the trajectory set by the Paris Agreement to limit global warming to +1.5°C by 2030. After having validated a strategy for exiting from fossil fuels (the total exit from coal and non-conventional fossil fuels by 2030 and from oil by 2040), the Board of Directors of MAIF has ratified new objectives as part of its membership of the UN-convened Net Zero Asset Owner Alliance (NZAOA).