Les banques françaises face à leurs positions

Reclaim Finance examines the 2020 consultation responses from Crédit Agricole, BNP Paribas, BPCE, Société Générale, and the Fédération bancaire française (FBF) regarding the transition from the Non-Financial Reporting Directive (NFRD) to the Corporate Sustainability Reporting Directive (CSRD). The analysis finds that these banks unanimously supported the need for a new, standardized, and mandatory reporting framework to improve data comparability and reliability. Specifically, they advocated for sector-specific standards, the integration of TCFD principles, the mandatory disclosure of double materiality assessments, and the extraterritorial application of the rules to non-EU companies operating in Europe. The report highlights a contradiction between these early endorsements and current statements from some bank leadership describing the CSRD as a 'bureaucratic delusion'.

• French financial actors strongly advocated for a mandatory common reporting standard to resolve data issues and specifically requested the creation of sector-specific reporting standards, including for fossil fuels.
• The analyzed banks rejected the US-based Sustainability Accounting Standards Board (SASB) as a credible option for European standards, while strongly supporting the incorporation of Task Force on Climate-related Financial Disclosures (TCFD) principles.
• The banks requested the inclusion of more climate-related information in the CSRD, specifically calling for transition plans aligned with a 2°C scenario or European objectives.
• All five financial actors supported the mandatory publication of the double materiality assessment process, viewing it as essential for a correct ESG analysis of companies.
• The banks supported the extraterritorial application of the CSRD to non-EU companies with significant market shares in Europe to ensure a level playing field and consistent comparability.
• Regarding SMEs, the banks supported a mandatory (rather than voluntary) simplified reporting standard and agreed to lower the reporting threshold from 500 to 250 employees to facilitate transition financing.

APA

Reclaim Finance (2025). Les banques françaises face à leurs positions. https://reclaimfinance.org/site/wp-content/uploads/2025/02/FR-Note-banks-CSRD-2025-01-30_Reclaim-Finance.pdf

Chicago

Reclaim Finance. Les banques françaises face à leurs positions. 2025. https://reclaimfinance.org/site/wp-content/uploads/2025/02/FR-Note-banks-CSRD-2025-01-30_Reclaim-Finance.pdf.

Wikipedia

{{cite report |author=Reclaim Finance |title=Les banques françaises face à leurs positions |date=January 2025 |url=https://reclaimfinance.org/site/wp-content/uploads/2025/02/FR-Note-banks-CSRD-2025-01-30_Reclaim-Finance.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{reclaimfinance2025les, author = {{Reclaim Finance}}, title = {{Les banques françaises face à leurs positions}}, institution = {Reclaim Finance}, year = {2025}, month = jan, url = {https://reclaimfinance.org/site/wp-content/uploads/2025/02/FR-Note-banks-CSRD-2025-01-30_Reclaim-Finance.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }