Politiques de sortie du secteur du charbon

The document evaluates the coal exit policies of French financial actors, highlighting a lack of uniformity and the failure of some to meet 2019 commitments. It details five categories of best practices: halting new projects and infrastructure, excluding companies with coal development plans, setting low revenue/production thresholds for exclusion, applying absolute exclusion limits for the largest coal actors, and requiring companies to publish closure plans that prioritize shutting down assets over selling them.

• There is significant heterogeneity in the coal exit policies of French financial actors, with over 10 institutions currently maintaining policies described as 'lacunaires et insuffisantes' (incomplete and insufficient), including Covéa, Groupama, ODDO BHF AM, SMA, Tobam, Tikehau Capital, and SCOR (as a reinsurer).
• Best practices for halting new coal projects include not only ending direct financing for mines and thermal plants but also excluding support for coal infrastructure (such as import/export terminals) and renovations that extend plant life. Natixis is highlighted for explicitly excluding the facilitation of coal asset sales, as selling plants rather than closing them does not reduce global emissions.
• Robust exclusion policies target companies developing new coal assets. AXA was the first global actor to use the Global Coal Exit List (GCEL) for this purpose. Crédit Agricole is noted for excluding companies that purchase existing coal assets without committing to closure by 2030 in EU/OECD countries and 2040 globally.
• Regarding revenue and production thresholds, SCOR excludes companies deriving more than 10% of revenue or electricity production from coal. While 14 institutions use a threshold of 20% or less, few commit to lowering these thresholds over time; AG2R La Mondiale, Crédit Mutuel, and MACSF are examples of those committing to a gradual reduction toward zero.
• Absolute exclusion thresholds are considered superior to relative thresholds because they prevent large, diversified companies from avoiding exclusion despite having massive coal operations. Crédit Mutuel applies absolute thresholds for companies extracting more than 10 Mt of coal per year or having a production capacity exceeding 5 GW.
• The most stringent policies condition financial services on the adoption of a coal phase-out plan. La Banque Postale Asset Management is the only institution requiring an immediate plan based on the closure (not sale) of assets by 2030 (EU/OECD) and 2040 (worldwide), while also accounting for social impacts.

APA

Reclaim Finance (2020). Politiques de sortie du secteur du charbon. https://reclaimfinance.org/site/wp-content/uploads/2020/11/LesMeilleuresPratiquesPolitiquesCharbonFR.pdf

Chicago

Reclaim Finance. Politiques de sortie du secteur du charbon. 2020. https://reclaimfinance.org/site/wp-content/uploads/2020/11/LesMeilleuresPratiquesPolitiquesCharbonFR.pdf.

Wikipedia

{{cite report |author=Reclaim Finance |title=Politiques de sortie du secteur du charbon |date=November 2020 |url=https://reclaimfinance.org/site/wp-content/uploads/2020/11/LesMeilleuresPratiquesPolitiquesCharbonFR.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{reclaimfinance2020politiques, author = {{Reclaim Finance}}, title = {{Politiques de sortie du secteur du charbon}}, institution = {Reclaim Finance}, year = {2020}, month = nov, url = {https://reclaimfinance.org/site/wp-content/uploads/2020/11/LesMeilleuresPratiquesPolitiquesCharbonFR.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }