Le rôle des investisseurs obligataires face à la crise climatique

The document advocates for the use of the corporate bond market as a strategic lever for climate action, arguing that it offers more direct influence over companies than equity-based engagement. It specifically calls for investors to stop purchasing bonds from companies not aligned with the Paris Agreement and highlights the Samcheok coal plant project in South Korea as a critical test case for investor climate consistency.

• Bond markets provide a more effective lever for influencing corporate behavior than shareholder engagement because companies are more receptive to feedback and strategy adjustments during funding rounds to secure liquidity.
• The bond market is a critical tool for engaging with some of the world's largest greenhouse gas emitters, such as Gazprom, Abu Dhabi National Oil Co, PEMEX, and Saudi Aramco, where private shareholder engagement is impossible because governments are the majority shareholders.
• Corporate bonds represent a significant asset class totaling approximately 41 trillion USD, and between 2010 and 2018, over 5 trillion USD was granted to oil and gas companies.
• The Samcheok project, a 2,100 MW coal plant in South Korea planned by Pospower, is identified as a test for investor climate consistency; the project is incompatible with the 1.5°C goal and the South Korean government's 2050 carbon neutrality target, yet Pospower continues to issue bonds every six months to raise the remaining 800 million USD needed.

APA

admin (2020). Le rôle des investisseurs obligataires face à la crise climatique. Reclaim Finance. https://reclaimfinance.org/site/2020/12/03/role-investisseurs-obligataires-crise-climatique/

Chicago

admin. Le rôle des investisseurs obligataires face à la crise climatique. Reclaim Finance, 2020. https://reclaimfinance.org/site/2020/12/03/role-investisseurs-obligataires-crise-climatique/.

Wikipedia

{{cite press release |last1=admin |title=Le rôle des investisseurs obligataires face à la crise climatique |publisher=Reclaim Finance |date=3 December 2020 |url=https://reclaimfinance.org/site/2020/12/03/role-investisseurs-obligataires-crise-climatique/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2020rle, author = {admin}, title = {{Le rôle des investisseurs obligataires face à la crise climatique}}, publisher = {Reclaim Finance}, year = {2020}, month = dec, url = {https://reclaimfinance.org/site/2020/12/03/role-investisseurs-obligataires-crise-climatique/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }