EPARGNE SALARIALE - PRODUIT INFLAMMABLE

The report finds that 84% of analyzed employee savings funds invest in fossil fuel expansion, with Amundi and Natixis Investment Managers dominating the market. It highlights a lack of transparency, the prevalence of 'greenwashed' funds, and the inefficiency of supervisory boards in protecting employees' climate interests.

• Employee savings in France represent 180 billion euros, a sum that could potentially cover the investment needs for the decarbonization of the French economy until 2028.
• The employee savings market is highly concentrated, with Amundi and Natixis Investment Managers controlling 65% of the market; as of January 2023, these two firms held 22 billion euros in companies developing new fossil fuel projects.
• A vast majority of employee savings funds support fossil fuel expansion, with 84% of the 470 analyzed funds investing in companies developing oil and gas extraction or transport projects. TotalEnergies is the most frequent fossil fuel company found, appearing in 73% of the analyzed funds.
• There is significant evidence of greenwashing, as 70% of funds with 'sustainable' labels or names (such as 'Action Climat' or 'Bas Carbone') are exposed to fossil fuel developers.
• The structure of employee savings is opaque, with over 90% of funds operating as 'funds of funds,' making it nearly impossible for employees to identify the specific companies their money supports.
• Supervisory boards, intended to protect employee interests, are largely ineffective; for 10 analyzed asset managers, the median participation rate of representatives in these boards was only 12%.

APA

Sansoucy, J. (2024). EPARGNE SALARIALE - PRODUIT INFLAMMABLE. Reclaim Finance. https://reclaimfinance.org/site/wp-content/uploads/2024/04/042024-Rapport-Epargne-Salariale-Produit-Inflammable.pdf

Chicago

Sansoucy, Julie. EPARGNE SALARIALE - PRODUIT INFLAMMABLE. Reclaim Finance, 2024. https://reclaimfinance.org/site/wp-content/uploads/2024/04/042024-Rapport-Epargne-Salariale-Produit-Inflammable.pdf.

Wikipedia

{{cite report |last1=Sansoucy |first1=Julie |title=EPARGNE SALARIALE - PRODUIT INFLAMMABLE |publisher=Reclaim Finance |date=April 2024 |url=https://reclaimfinance.org/site/wp-content/uploads/2024/04/042024-Rapport-Epargne-Salariale-Produit-Inflammable.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{sansoucy2024epargne, author = {Sansoucy, Julie}, title = {{EPARGNE SALARIALE - PRODUIT INFLAMMABLE}}, institution = {Reclaim Finance}, year = {2024}, month = apr, url = {https://reclaimfinance.org/site/wp-content/uploads/2024/04/042024-Rapport-Epargne-Salariale-Produit-Inflammable.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }