Analyse des engagements climat des banques et investisseurs de mai 2020

The report by Reclaim Finance and Les Amis de la Terre France analyzes the climate pledges of several French financial institutions. While some banks like Natixis and SCOR have introduced coal exit timelines and exclusions, the authors argue that many commitments remain insufficient due to narrow scopes, the exclusion of major oil and gas companies, and a lack of alignment across all business lines, particularly in the case of Société Générale and SCOR's reinsurance activities.

• BNP Paribas committed to zero exposure to coal-fired power generation by 2030 in EU and OECD countries and by 2040 globally, but the report argues this is insufficient as it only covers power generation and excludes the mining sector and new infrastructure development.
• Natixis is described as having a more comprehensive coal exit strategy than BNP Paribas and Société Générale, covering both mining and power generation across all financial services of its investment and financing branch, with a target of 2030 for EU/OECD and 2040 worldwide.
• Rothschild & Co introduced its first coal policy, excluding new investments in companies developing new thermal coal mines or plants, or those with over 30% revenue from thermal coal; however, the report notes this is a commitment not to invest rather than a divestment strategy.
• SCOR committed to zero investment exposure to coal by 2030 (EU/OECD) and 2040 (elsewhere), but the report criticizes the company for not applying these same restrictions to its core reinsurance business, which can still support coal-active companies.
• Société Générale is criticized for failing to provide precise new commitments on coal and shale gas in May 2020, instead reaffirming its commitment to shale gas as a transition solution and postponing policy updates to later in the year.
• Crédit Agricole pledged to zero exposure to independent shale oil and gas producers by 2022, but the report claims this ignores oil majors and the broader value chain, such as pipelines and LNG terminals.
• Natixis committed to stop financing shale oil and gas exploration and production projects and companies with over 25% activity in this sector, but the report identifies it as the largest French investor in the sector, with $4.4 billion in 75 high-production companies.

APA

Reclaim Finance (2020). Analyse des engagements climat des banques et investisseurs de mai 2020. https://reclaimfinance.org/site/wp-content/uploads/2020/05/Analyse-des-annonces-des-banques-et-investisseurs-fran%C3%A7ais-de-mai-2020.pdf

Chicago

Reclaim Finance. Analyse des engagements climat des banques et investisseurs de mai 2020. 2020. https://reclaimfinance.org/site/wp-content/uploads/2020/05/Analyse-des-annonces-des-banques-et-investisseurs-fran%C3%A7ais-de-mai-2020.pdf.

Wikipedia

{{cite report |author=Reclaim Finance |title=Analyse des engagements climat des banques et investisseurs de mai 2020 |date=20 May 2020 |url=https://reclaimfinance.org/site/wp-content/uploads/2020/05/Analyse-des-annonces-des-banques-et-investisseurs-fran%C3%A7ais-de-mai-2020.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{reclaimfinance2020analyse, author = {{Reclaim Finance}}, title = {{Analyse des engagements climat des banques et investisseurs de mai 2020}}, institution = {Reclaim Finance}, year = {2020}, month = may, url = {https://reclaimfinance.org/site/wp-content/uploads/2020/05/Analyse-des-annonces-des-banques-et-investisseurs-fran%C3%A7ais-de-mai-2020.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }