Loi partage de la valeur : une occasion manquée pour l’épargne salariale

Reclaim Finance criticizes a draft French decree that would allow employee savings plans to include funds with labels that do not strictly exclude fossil fuel expansion. The organization highlights that 84% of current employee savings funds invest in companies incompatible with the IEA's Net Zero Emissions scenario and urges the government to align all eligible labels—including CIES, Finansol, and Relance—with the stricter exclusion criteria of the ISR and Greenfin labels.

• A recent Reclaim Finance report found that 84% of employee savings funds invest in companies developing new fossil fuel projects, making them incompatible with the International Energy Agency's (IEA) Net Zero Emissions scenario for limiting warming to 1.5°C.
• Employee savings in France total 180 billion euros, a sum equivalent to the investment needs for decarbonizing the French economy through 2028.
• The proposed decree lists five labels for eligible funds, but their climate requirements vary significantly: Greenfin and ISR exclude new fossil fuel exploration, extraction, and refining, while CIES, Finansol, and Relance are described as less restrictive and may include companies developing new fossil fuel projects.
• Specific gaps in label exclusions are noted: the ISR label does not exclude companies developing new oil and gas transport projects, such as liquefied natural gas (LNG), and the Finansol label only applies strict ESG conditions to 5-10% of its investments.
• Reclaim Finance calls for the government to revise the CIES, France Relance, and Finansol labels to match the climate guarantees of the ISR label and to adopt minimum environmental and social criteria similar to the European taxonomy's 'Do Not Significant Harm' (DNSH) principle.

APA

Martin, L. (2024). Loi partage de la valeur : une occasion manquée pour l’épargne salariale. Reclaim Finance. https://reclaimfinance.org/site/2024/05/30/loi-partage-de-la-valeur-une-occasion-manquee-pour-lepargne-salariale/

Chicago

Martin, Léo. Loi partage de la valeur : une occasion manquée pour l’épargne salariale. Reclaim Finance, 2024. https://reclaimfinance.org/site/2024/05/30/loi-partage-de-la-valeur-une-occasion-manquee-pour-lepargne-salariale/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=Loi partage de la valeur : une occasion manquée pour l’épargne salariale |publisher=Reclaim Finance |date=30 May 2024 |url=https://reclaimfinance.org/site/2024/05/30/loi-partage-de-la-valeur-une-occasion-manquee-pour-lepargne-salariale/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2024loi, author = {Martin, Léo}, title = {{Loi partage de la valeur : une occasion manquée pour l’épargne salariale}}, publisher = {Reclaim Finance}, year = {2024}, month = may, url = {https://reclaimfinance.org/site/2024/05/30/loi-partage-de-la-valeur-une-occasion-manquee-pour-lepargne-salariale/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }