Les banques franaises encore loin detre rsolument engagees pour le climat

Reclaim Finance challenges the claim that French banks are leaders in the ecological transition, noting that their financing ratio of sustainable electricity to fossil fuels (0.94:1) is far below the 6:1 ratio required by the IEA's Net Zero Emissions by 2050 scenario for 2030. The document highlights continued exposure to coal and hydrocarbons, specifically criticizing BPCE for lacking commitments to limit fossil fuel expansion and Crédit Agricole for supporting TotalEnergies' Papua LNG project.

• French banks maintain significant exposure to fossil fuels; as of December 2022, they were exposed to 2.3 billion euros in the coal sector and 78 billion euros in hydrocarbons.
• The financing ratio of sustainable electricity to fossil fuels for French banks is estimated at 0.94:1 (or 0.65:1 based on FBF figures), which is significantly lower than the 6:1 ratio recommended by the International Energy Agency (IEA) for 2030 to limit warming to 1.5°C.
• Major French banks have insufficient or conditional commitments regarding fossil fuel expansion: BPCE has taken no commitments to limit participation in oil and gas expansion; Crédit Agricole supports TotalEnergies and the Papua LNG project; BNP Paribas and Société Générale maintain the freedom to finance companies developing new projects, despite some restrictions on direct project financing.
• Reclaim Finance questions the quality of the 216 billion euros in 'green and sustainable credits' reported by the FBF, citing a lack of clear definitions and the inclusion of 'Sustainability-linked loans' which are widely criticized.

APA

Martin, L. (2023). Les banques franaises encore loin detre rsolument engagees pour le climat. Reclaim Finance. https://reclaimfinance.org/site/2023/12/04/les-banques-francaises-encore-loin-detre-resolument-engagees-pour-le-climat/

Chicago

Martin, Léo. Les banques franaises encore loin detre rsolument engagees pour le climat. Reclaim Finance, 2023. https://reclaimfinance.org/site/2023/12/04/les-banques-francaises-encore-loin-detre-resolument-engagees-pour-le-climat/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=Les banques franaises encore loin detre rsolument engagees pour le climat |publisher=Reclaim Finance |date=4 December 2023 |url=https://reclaimfinance.org/site/2023/12/04/les-banques-francaises-encore-loin-detre-resolument-engagees-pour-le-climat/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2023les, author = {Martin, Léo}, title = {{Les banques franaises encore loin detre rsolument engagees pour le climat}}, publisher = {Reclaim Finance}, year = {2023}, month = dec, url = {https://reclaimfinance.org/site/2023/12/04/les-banques-francaises-encore-loin-detre-resolument-engagees-pour-le-climat/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }