Assemblées générales : quel bilan pour le climat ?

Reclaim Finance reports on the 2023 annual general meetings of six French financial actors, noting a generally hostile reception but highlighting specific outcomes. While Crédit Agricole acknowledged the need to stop increasing fossil fuel capacities to limit warming to 1.5°C, and SCOR committed to stop covering risks for new gas fields, BNP Paribas refused to set 'red lines' for its financing of oil and gas majors. AXA remains the last major European (re)insurer supporting new gas fields, defending the practice via the European taxonomy.

• The CEO of Crédit Agricole, Philippe Brassac, acknowledged that limiting global warming to 1.5°C requires that fossil fuel capacities no longer be increased, aligning with IEA projections and scientific recommendations.
• BNP Paribas CEO Jean-Laurent Bonnafé explicitly rejected the imposition of 'red lines' or strict conditions on financing provided to oil and gas majors, prioritizing commercial relationships over restrictive climate conditions.
• SCOR is the only institution among those reviewed to make a new concrete announcement, committing to stop covering risks associated with new gas fields.
• AXA is identified as the last major European (re)insurer still supporting new gas fields, with CEO Thomas Buberl justifying this by citing the inclusion of certain gas plants in the European taxonomy.

APA

Martin, L. (2023). Assemblées générales : quel bilan pour le climat ? Reclaim Finance. https://reclaimfinance.org/site/2023/06/01/assemblees-generales-quel-bilan-pour-le-climat/

Chicago

Martin, Léo. Assemblées générales : quel bilan pour le climat ? Reclaim Finance, 2023. https://reclaimfinance.org/site/2023/06/01/assemblees-generales-quel-bilan-pour-le-climat/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=Assemblées générales : quel bilan pour le climat ? |publisher=Reclaim Finance |date=1 June 2023 |url=https://reclaimfinance.org/site/2023/06/01/assemblees-generales-quel-bilan-pour-le-climat/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2023assembles, author = {Martin, Léo}, title = {{Assemblées générales : quel bilan pour le climat ?}}, publisher = {Reclaim Finance}, year = {2023}, month = jun, url = {https://reclaimfinance.org/site/2023/06/01/assemblees-generales-quel-bilan-pour-le-climat/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }