Révision du label ISR : l’éléphant accouche d’une souris

Reclaim Finance argues that the proposed updates to the French ISR label are 'minimalist' and designed to ensure existing funds retain their label rather than drive a real energy transition. While the label may introduce exclusions for coal and unconventional energy, the organization warns that revenue-based thresholds could allow major oil and gas companies like TotalEnergies, BP, Shell, and ExxonMobil to remain eligible. Reclaim Finance specifically calls for the exclusion of companies developing new oil and gas fields to align with a 1.5°C trajectory and carbon neutrality by 2050.

• The proposed revisions to the ISR label are viewed as superficial, with the primary goal being to ensure that the majority of currently labeled funds can maintain their status.
• While exclusions for coal and unconventional energies are expected, Reclaim Finance argues that using revenue-based thresholds for unconventional hydrocarbons is ineffective because integrated oil majors derive a small percentage of their total revenue from these sources despite being top producers.
• The ISR label may continue to allow investments in companies developing new oil and gas fields, which contradicts the International Energy Agency's scenarios for achieving carbon neutrality by 2050 under a 1.5°C trajectory.
• TotalEnergies is highlighted as a specific concern because it is the top European and 7th largest international company planning new oil and gas fields, yet 19% of labeled equity funds are shareholders in the company.

APA

Martin, L. (2022). Révision du label ISR : l’éléphant accouche d’une souris. Reclaim Finance. https://reclaimfinance.org/site/2022/08/01/revision-du-label-isr-lelephant-accouche-dune-souris/

Chicago

Martin, Léo. Révision du label ISR : l’éléphant accouche d’une souris. Reclaim Finance, 2022. https://reclaimfinance.org/site/2022/08/01/revision-du-label-isr-lelephant-accouche-dune-souris/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=Révision du label ISR : l’éléphant accouche d’une souris |publisher=Reclaim Finance |date=1 August 2022 |url=https://reclaimfinance.org/site/2022/08/01/revision-du-label-isr-lelephant-accouche-dune-souris/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2022rvision, author = {Martin, Léo}, title = {{Révision du label ISR : l’éléphant accouche d’une souris}}, publisher = {Reclaim Finance}, year = {2022}, month = aug, url = {https://reclaimfinance.org/site/2022/08/01/revision-du-label-isr-lelephant-accouche-dune-souris/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }