4 ans apr s la place de Paris n a pas fini avec le charbon

Reclaim Finance reports that the Paris financial center's transition away from coal has stalled, with many institutions maintaining weak policies or continuing to support coal developers. The analysis highlights gaps in exclusion criteria, the failure of passive funds to exclude fossil fuel bonds, and a lack of comprehensive exit plan requirements for portfolio companies. The document criticizes the French government for failing to legislate or enforce these commitments despite warnings from regulators.

• As of early July 2023, 55 financial actors in Paris have adopted coal sector policies, but fewer than half are considered robust. Some institutions have even weakened their criteria, such as Amundi, which relaxed its exclusion rules for coal developers.
• Significant gaps persist in policy quality: 10 actors lack specific exclusions for companies expanding in the coal sector, and 7 actors, including Tikehau Capital, have not set a sector exit date.
• French financial actors continue to support coal developers such as Glencore, Adani, and Yankuang Energy Group due to policy loopholes. For instance, Amundi's coal policy covers only about 30% of its passively managed assets, leading to continued investment in new fossil fuel bonds; Amundi held over 400 million dollars in coal developer assets in January 2023.
• Requirements for portfolio companies to adopt credible exit plans are fragmented. Out of 55 actors, only 29 require an exit plan by 2030/2040, 15 make such plans mandatory under threat of exclusion, and none require that existing plants be closed rather than converted to gas or biomass.

APA

Martin, L. (2023). 4 ans apr s la place de Paris n a pas fini avec le charbon. Reclaim Finance. https://reclaimfinance.org/site/2023/07/12/4-ans-apres-la-place-de-paris-nen-a-pas-fini-avec-le-charbon/

Chicago

Martin, Léo. 4 ans apr s la place de Paris n a pas fini avec le charbon. Reclaim Finance, 2023. https://reclaimfinance.org/site/2023/07/12/4-ans-apres-la-place-de-paris-nen-a-pas-fini-avec-le-charbon/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=4 ans apr s la place de Paris n a pas fini avec le charbon |publisher=Reclaim Finance |date=12 July 2023 |url=https://reclaimfinance.org/site/2023/07/12/4-ans-apres-la-place-de-paris-nen-a-pas-fini-avec-le-charbon/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2023ans, author = {Martin, Léo}, title = {{4 ans apr s la place de Paris n a pas fini avec le charbon}}, publisher = {Reclaim Finance}, year = {2023}, month = jul, url = {https://reclaimfinance.org/site/2023/07/12/4-ans-apres-la-place-de-paris-nen-a-pas-fini-avec-le-charbon/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }