Labels ISR et Greenfin : quelles restrictions pour les énergies fossiles ?

Reclaim Finance calls for the strengthening of French sustainable finance labels to combat greenwashing. The organization proposes that the ISR label introduce minimum exclusions for companies developing new fossil fuel projects or those significantly involved in coal and unconventional hydrocarbons. Simultaneously, it argues that the Greenfin label must remain a strict reference for green activities by continuing to exclude fossil fuels, nuclear energy, and biomass, regardless of political shifts in the EU taxonomy.

• The French ISR label currently lacks criteria to exclude fossil fuels, relying instead on a "best in class" approach that allows the inclusion of non-sustainable sectors. As of April 2022, the ISR label covered 982 funds with 659 billion euros in assets, significantly more than the 84 Greenfin-labeled funds which held 31 billion euros.
• The Greenfin label currently excludes any company that derives more than 5% of its turnover from fossil fuels. Reclaim Finance argues that this label must remain an integrity-based reference by continuing to exclude fossil fuels, nuclear energy, and biomass, and warns that including nuclear or gas to align with the EU taxonomy would undermine its credibility.
• To align the ISR label with a 1.5°C warming limit, Reclaim Finance proposes four specific exclusion criteria: companies developing new fossil fuel or coal electricity projects; companies significantly involved in coal (over 20% of revenue/production, or over 10 Mt or 5 GW); companies significantly involved in unconventional oil and gas (20% of production); and companies that fail to adopt a detailed transition plan by 2024.

APA

admin (2022). Labels ISR et Greenfin : quelles restrictions pour les énergies fossiles ? Reclaim Finance. https://reclaimfinance.org/site/2022/06/30/labels-isr-et-greenfin-quelles-restrictions-pour-les-energies-fossiles/

Chicago

admin. Labels ISR et Greenfin : quelles restrictions pour les énergies fossiles ? Reclaim Finance, 2022. https://reclaimfinance.org/site/2022/06/30/labels-isr-et-greenfin-quelles-restrictions-pour-les-energies-fossiles/.

Wikipedia

{{cite press release |last1=admin |title=Labels ISR et Greenfin : quelles restrictions pour les énergies fossiles ? |publisher=Reclaim Finance |date=30 June 2022 |url=https://reclaimfinance.org/site/2022/06/30/labels-isr-et-greenfin-quelles-restrictions-pour-les-energies-fossiles/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2022labels, author = {admin}, title = {{Labels ISR et Greenfin : quelles restrictions pour les énergies fossiles ?}}, publisher = {Reclaim Finance}, year = {2022}, month = jun, url = {https://reclaimfinance.org/site/2022/06/30/labels-isr-et-greenfin-quelles-restrictions-pour-les-energies-fossiles/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }