Lettre ouverte à l’AMF contre le greenwashing dans le secteur financier

A coalition of over 20 experts and NGOs has sent an open letter to the Autorité des Marchés Financiers (AMF) demanding an end to greenwashing in the French financial sector. The signatories highlight that a significant portion of funds claiming sustainability continue to finance fossil fuel expansion, arguing that current AMF supervision of extra-financial information is insufficient and lacks deterrent sanctions. They call for the systematic exclusion of companies developing new fossil fuel projects from sustainable or green funds and a revision of the AMF's doctrine on funds integrating extra-financial approaches.

• Research indicates that 70% of passive funds claiming to be sustainable and 70% of French employee savings funds with sustainability claims invest in companies involved in the expansion of fossil fuels.
• The signatories argue that the AMF's supervision of extra-financial aspects, such as climate and sustainability issues, is less demanding than its financial supervision, and that previous failures in extra-financial commitments by management companies have not resulted in sanctions.
• The letter demands that the AMF use existing levers to sanction greenwashing effectively and revise its doctrine on funds using extra-financial approaches to include stricter criteria, specifically addressing the presence of fossil fuel developers.
• The signatories assert that excluding companies developing new exploration, extraction, or refining projects for liquid or gaseous fossils is essential for any fund claiming to be sustainable or green.

APA

Blanchard, O., Blanc, N., Chenet, H., Dufrêne, N., Duflot, C., Faure, J., Fettih, S., Gemenne, F., Karyotis, C., Meister, S., Mesnard, M., Monnet, E., Nouvian, C., Philippot, L., Pluchart, J.-J., Rambaud, A., Sadoun, E., Scialom, L., Stevenin, M.-A., ... van der Heide, M. (2024). Lettre ouverte à l’AMF contre le greenwashing dans le secteur financier. Reclaim Finance. https://reclaimfinance.org/site/2024/06/19/lettre-ouverte-a-lamf-contre-le-greenwashing-dans-le-secteur-financier/

Chicago

Blanchard, Olivia, Nicolas Blanc, Hugues Chenet, Nicolas Dufrêne, Cécile Duflot, Julia Faure, Soraya Fettih, et al. Lettre ouverte à l’AMF contre le greenwashing dans le secteur financier. Reclaim Finance, 2024. https://reclaimfinance.org/site/2024/06/19/lettre-ouverte-a-lamf-contre-le-greenwashing-dans-le-secteur-financier/.

Wikipedia

{{cite press release |last1=Blanchard |first1=Olivia |last2=Blanc |first2=Nicolas |last3=Chenet |first3=Hugues |last4=Dufrêne |first4=Nicolas |last5=Duflot |first5=Cécile |last6=Faure |first6=Julia |last7=Fettih |first7=Soraya |last8=Gemenne |first8=François |last9=Karyotis |first9=Catherine |display-authors=etal |title=Lettre ouverte à l’AMF contre le greenwashing dans le secteur financier |publisher=Reclaim Finance |date=18 June 2024 |url=https://reclaimfinance.org/site/2024/06/19/lettre-ouverte-a-lamf-contre-le-greenwashing-dans-le-secteur-financier/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{blanchard2024lettre, author = {Blanchard, Olivia and Blanc, Nicolas and Chenet, Hugues and Dufrêne, Nicolas and Duflot, Cécile and Faure, Julia and Fettih, Soraya and Gemenne, François and Karyotis, Catherine and Meister, Sonja and Mesnard, Melchior and Monnet, Eric and Nouvian, Claire and Philippot, Lorette and Pluchart, Jean-Jacques and Rambaud, Alexandre and Sadoun, Eva and Scialom, Laurence and Stevenin, Marie-Amandine and Berger, Mélanie Tisserand and Thibierge, Christophe and Voisin, Stephane and van der Heide, Maria}, title = {{Lettre ouverte à l’AMF contre le greenwashing dans le secteur financier}}, publisher = {Reclaim Finance}, year = {2024}, month = jun, url = {https://reclaimfinance.org/site/2024/06/19/lettre-ouverte-a-lamf-contre-le-greenwashing-dans-le-secteur-financier/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }