Réforme du label ISR

A coalition of financial actors, academics, and NGOs calls on the French government to ensure the credibility of the reformed ISR label by excluding companies developing new fossil fuel projects. The signatories argue that allowing such investments constitutes greenwashing and contradicts national and international climate goals, specifically the 1.5°C target. They support the Label Committee's proposal to exclude non-conventional fossil fuels and advocate for a broader exclusion of conventional hydrocarbon projects to align private savings with the ecological transition.

• The signatories argue that the ISR label's credibility depends on the adoption of ambitious exclusion criteria, particularly for the fossil fuel exploration and production sectors, to align with the goal of limiting global warming to 1.5°C.
• The authors support the Label Committee's proposal to exclude companies developing new projects for non-conventional fossil fuels, which includes oil sands, shale oil and gas, extra-heavy oil, methane hydrates, ultra-deep offshore oil and gas, and resources in the Arctic.
• The document warns that if the government allows funds labeled as 'socially responsible' to invest in companies increasing hydrocarbon production or maintaining majority investments in fossil fuels, it would be endorsing 'greenwashing' and contradicting climate objectives.
• The signatories assert there are no real technical obstacles to implementing these exclusions, noting that data providers and investors (including those managing passive funds) can adapt their tools, citing the Belgian 'Towards Sustainability' label as a precedent for passive funds.

APA

Reclaim Finance (2023). Réforme du label ISR. https://reclaimfinance.org/site/wp-content/uploads/2023/10/Lettre-ouverte-a-Elisabeth-Borne.pdf

Chicago

Reclaim Finance. Réforme du label ISR. 2023. https://reclaimfinance.org/site/wp-content/uploads/2023/10/Lettre-ouverte-a-Elisabeth-Borne.pdf.

Wikipedia

{{cite press release |author=Reclaim Finance |title=Réforme du label ISR |date=30 October 2023 |url=https://reclaimfinance.org/site/wp-content/uploads/2023/10/Lettre-ouverte-a-Elisabeth-Borne.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{reclaimfinance2023rforme, author = {{Reclaim Finance}}, title = {{Réforme du label ISR}}, publisher = {Reclaim Finance}, year = {2023}, month = oct, url = {https://reclaimfinance.org/site/wp-content/uploads/2023/10/Lettre-ouverte-a-Elisabeth-Borne.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }