Refonte du référentiel du label ISR

Reclaim Finance argues that the proposed ISR label framework lacks sufficient guarantees for investors and requires stronger sectoral exclusions, particularly for unconventional fossil fuels and coal. The organization calls for the label to mandate alignment with a 1.5°C warming scenario, the use of specific scientific benchmarks for transition plans, and increased transparency in shareholder engagement and voting policies.

• ESG ratings alone are insufficient to ensure funds have limited exposure to activities incompatible with sustainability goals because these ratings are not standardized and their methodologies lack transparency.
• The proposed exclusion of coal and unconventional fossil fuels is a necessary step to restore the label's credibility, but it should be based on the share of production rather than total revenue to effectively cover integrated companies.
• Current exclusion proposals for coal are incomplete as they omit electricity production; Reclaim Finance recommends adding the exclusion of issuers developing new coal-fired power plant projects.
• The framework's requirements for shareholder engagement and voting are deemed insufficient; Reclaim Finance proposes that the publication of votes and their justifications be a mandatory condition for obtaining the ISR label.
• The document argues that the Paris Agreement reference is too vague and should be replaced by a specific requirement for a 1.5°C warming scenario with little to no overshoot and limited use of negative emission technologies (NETs).
• To ensure the credibility of corporate transition plans, Reclaim Finance suggests limiting accepted methodological references to ACT, CA100+ Net-Zero Benchmark, and SBTi, while explicitly excluding TPI.
• Comprehensive transition plans must include specific mandatory elements: a commitment to net zero by 2050 for scopes 1, 2, and 3; absolute decarbonization targets aligned with 1.5°C; a detailed breakdown of capital allocation (Capex) by activity; and a commitment to align lobbying activities with the 1.5°C goal.

APA

Reclaim Finance (2023). Refonte du référentiel du label ISR. https://reclaimfinance.org/site/wp-content/uploads/2023/06/31.05.2023_Reclaim-Finance_Consultation-Label-ISR.pdf

Chicago

Reclaim Finance. Refonte du référentiel du label ISR. 2023. https://reclaimfinance.org/site/wp-content/uploads/2023/06/31.05.2023_Reclaim-Finance_Consultation-Label-ISR.pdf.

Wikipedia

{{cite press release |author=Reclaim Finance |title=Refonte du référentiel du label ISR |date=31 May 2023 |url=https://reclaimfinance.org/site/wp-content/uploads/2023/06/31.05.2023_Reclaim-Finance_Consultation-Label-ISR.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{reclaimfinance2023refonte, author = {{Reclaim Finance}}, title = {{Refonte du référentiel du label ISR}}, publisher = {Reclaim Finance}, year = {2023}, month = may, url = {https://reclaimfinance.org/site/wp-content/uploads/2023/06/31.05.2023_Reclaim-Finance_Consultation-Label-ISR.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }