Contribution de Reclaim Finance - Présentation des hypothèses provisoires pour l’exercice pilote climatique de l’ACPR

Reclaim Finance critiques the ACPR's climate pilot exercise, warning that the exclusion of solvency requirements, the use of a dynamic balance sheet, and the focus on extreme weather events over chronic risks may artificially reduce measured climate risks. The organization recommends including the year 2030 in projections, expanding the geographic scope beyond France, Europe, and the US, and conducting a more granular analysis of the fossil fuel sector.

• The ACPR's decision to exclude solvency from the pilot exercise and avoid regulatory capital obligations is viewed as dangerous, especially given the concentration of risks in the fossil fuel sector.
• The use of a dynamic balance sheet after 2025 is criticized for potentially reducing measured risks by assuming financial actors will proactively adjust their policies, a premise Reclaim Finance argues is unverified.
• The ACPR's analysis of physical risks is deemed too narrow because it focuses exclusively on the frequency and cost of extreme weather events, ignoring chronic risks such as diseases and shortages.
• Reclaim Finance identifies a problematic gap in the pilot's timeline, as it focuses on 2025, 2035, 2040, and 2050, omitting 2030 despite its importance for European climate targets.
• The geographic scope, primarily covering France, Europe, and the US, is considered insufficient and may ignore high-risk exposures in other parts of the world.

APA

Reclaim Finance (n.d.). Contribution de Reclaim Finance - Présentation des hypothèses provisoires pour l’exercice pilote climatique de l’ACPR. https://reclaimfinance.org/site/wp-content/uploads/2020/06/Contribution-de-Reclaim-Finance-ACPR-hypothèses-provisoires.pdf

Chicago

Reclaim Finance. Contribution de Reclaim Finance - Présentation des hypothèses provisoires pour l’exercice pilote climatique de l’ACPR. n.d. https://reclaimfinance.org/site/wp-content/uploads/2020/06/Contribution-de-Reclaim-Finance-ACPR-hypothèses-provisoires.pdf.

Wikipedia

{{cite press release |author=Reclaim Finance |title=Contribution de Reclaim Finance - Présentation des hypothèses provisoires pour l’exercice pilote climatique de l’ACPR |url=https://reclaimfinance.org/site/wp-content/uploads/2020/06/Contribution-de-Reclaim-Finance-ACPR-hypothèses-provisoires.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{reclaimfinancendcontribution, author = {{Reclaim Finance}}, title = {{Contribution de Reclaim Finance - Présentation des hypothèses provisoires pour l’exercice pilote climatique de l’ACPR}}, publisher = {Reclaim Finance}, url = {https://reclaimfinance.org/site/wp-content/uploads/2020/06/Contribution-de-Reclaim-Finance-ACPR-hypothèses-provisoires.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }