Charbon : la Place financière de Paris rate son premier anniversaire

Reclaim Finance argues that the Paris financial center has failed its commitment to implement effective coal exit strategies by mid-2020. While some institutions like AXA and Crédit Agricole/Amundi have adopted strong policies, many others, notably Société Générale, are criticized for insufficient policies that do not require companies to establish closure plans for coal infrastructure. The author warns against 'greenwashing' and the substitution of 'exit' policies with weaker 'exclusion' policies.

• The Paris financial center failed to meet its July 2, 2019, commitment for members to adopt a coal divestment strategy by mid-2020. Only about ten financial actors are considered to have kept this promise based on a five-criteria analysis conducted by Reclaim Finance and its partners.
• Société Générale's coal exit policy is deemed insufficient because it does not require companies with less than 25% coal exposure (and no new projects) to adopt closure plans for mines, power plants, and other coal infrastructure.
• There is a distinction between 'exit' policies, which aim for 'zero coal' by 2030/2040, and 'exclusion' policies. Most Paris financial actors, except for ODDO BHF AM and La Française, have exclusion policies, but only ten have policies robust enough to support a full exit.
• To limit global warming to 1.5°C, the document asserts that 78% of coal-fired electricity production capacity must be closed by 2030, with the remaining 22% closed by 2040.

APA

admin (2020). Charbon : la Place financière de Paris rate son premier anniversaire. Reclaim Finance. https://reclaimfinance.org/site/2020/07/06/charbon-la-place-financiere-de-paris-rate-son-premier-anniversaire/

Chicago

admin. Charbon : la Place financière de Paris rate son premier anniversaire. Reclaim Finance, 2020. https://reclaimfinance.org/site/2020/07/06/charbon-la-place-financiere-de-paris-rate-son-premier-anniversaire/.

Wikipedia

{{cite press release |last1=admin |title=Charbon : la Place financière de Paris rate son premier anniversaire |publisher=Reclaim Finance |date=6 July 2020 |url=https://reclaimfinance.org/site/2020/07/06/charbon-la-place-financiere-de-paris-rate-son-premier-anniversaire/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2020charbon, author = {admin}, title = {{Charbon : la Place financière de Paris rate son premier anniversaire}}, publisher = {Reclaim Finance}, year = {2020}, month = jul, url = {https://reclaimfinance.org/site/2020/07/06/charbon-la-place-financiere-de-paris-rate-son-premier-anniversaire/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }