Pour des retraites durables : mettre fin au soutien à l’expansion fossile

Eleven civil society organizations, including Reclaim Finance, have called on Agirc-Arrco, ERAFP, and the Fonds de réserve pour les retraites to cease supporting fossil fuel expansion. The signatories argue that continued investments, particularly through bonds and external managers like BlackRock, exacerbate climate change and expose portfolios to financial risks. They specifically highlight TotalEnergies' recent climate setbacks, including the abandonment of its 2050 carbon neutrality goal in March 2026, as evidence that shareholder dialogue is insufficient. The letter demands an immediate end to new investments in oil and gas projects, systematic voting against directors of expanding fossil fuel companies, and the implementation of science-based climate criteria for selecting external asset managers.

• Three major French retirement actors—Agirc-Arrco, ERAFP, and the Fonds de réserve pour les retraites—continue to provide capital to companies expanding hydrocarbon production, notably through the purchase of corporate bonds.
• TotalEnergies is cited as a primary example of climate regression, having abandoned its 2050 carbon neutrality target in late March 2026 and increased its oil and gas production targets for 2030.
• The retirement institutions are criticized for insufficient oversight of external asset managers, including the use of firms like BlackRock, and for failing to require these managers to stop investing in fossil fuel developers.
• The signatories demand four specific actions: ending new investments in oil/gas fields and LNG terminals, voting against the reelection of directors and executive pay at expanding fossil fuel firms, creating a precise timeline for shareholder engagement, and applying science-based climate criteria to external manager selection.

APA

Masson, A. (2026). Pour des retraites durables : mettre fin au soutien à l’expansion fossile. Reclaim Finance. https://reclaimfinance.org/site/2026/05/13/lettre-ouverte-pour-la-fin-des-soutiens-des-retraites-a-lexpansion-fossile/

Chicago

Masson, Agathe. Pour des retraites durables : mettre fin au soutien à l’expansion fossile. Reclaim Finance, 2026. https://reclaimfinance.org/site/2026/05/13/lettre-ouverte-pour-la-fin-des-soutiens-des-retraites-a-lexpansion-fossile/.

Wikipedia

{{cite press release |last1=Masson |first1=Agathe |title=Pour des retraites durables : mettre fin au soutien à l’expansion fossile |publisher=Reclaim Finance |date=13 May 2026 |url=https://reclaimfinance.org/site/2026/05/13/lettre-ouverte-pour-la-fin-des-soutiens-des-retraites-a-lexpansion-fossile/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{masson2026pour, author = {Masson, Agathe}, title = {{Pour des retraites durables : mettre fin au soutien à l’expansion fossile}}, publisher = {Reclaim Finance}, year = {2026}, month = may, url = {https://reclaimfinance.org/site/2026/05/13/lettre-ouverte-pour-la-fin-des-soutiens-des-retraites-a-lexpansion-fossile/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }