Réguler, sanctionner : pour une réelle transparence climatique des acteurs financiers
Summary
Reclaim Finance criticizes a proposed French decree on ESG reporting for financial investors, arguing it fails to align with the Paris Agreement, ignores fossil fuel financing, and lacks sanctions for non-compliance. The organization calls for mandatory transparency and penalties to force financial actors to abandon fossil fuel investments.
Key insights
- The proposed decree on ESG reporting for French investors is deemed insufficient because it does not systematically link ESG strategies to the Paris Agreement goals, ignores financial support for fossil fuels, allows for opaque indicators, and fails to establish sanctions for non-compliance.
- Existing regulations have been poorly enforced, with half of financial actors failing to comply with rules in place since December 30, 2015, as of 2020.
- Despite public opposition, the four largest French banks provided $198 billion in financing for coal, oil, and gas between 2016 and 2019.
Cite the original document
- APA
- admin (2021). Réguler, sanctionner : pour une réelle transparence climatique des acteurs financiers. Reclaim Finance. https://reclaimfinance.org/site/2021/02/16/reporting-climatique-reguler-sanctionner/
- Chicago
- admin. Réguler, sanctionner : pour une réelle transparence climatique des acteurs financiers. Reclaim Finance, 2021. https://reclaimfinance.org/site/2021/02/16/reporting-climatique-reguler-sanctionner/.
- Wikipedia
- {{cite press release |last1=admin |title=Réguler, sanctionner : pour une réelle transparence climatique des acteurs financiers |publisher=Reclaim Finance |date=16 February 2021 |url=https://reclaimfinance.org/site/2021/02/16/reporting-climatique-reguler-sanctionner/ |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{admin2021rguler, author = {admin}, title = {{Réguler, sanctionner : pour une réelle transparence climatique des acteurs financiers}}, publisher = {Reclaim Finance}, year = {2021}, month = feb, url = {https://reclaimfinance.org/site/2021/02/16/reporting-climatique-reguler-sanctionner/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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