Questions écrites à Natixis Assemblée générale 2021

The document consists of formal inquiries directed at Natixis regarding its climate and environmental policies. The authors challenge the bank's delayed implementation of coal exclusions, its continued support for fossil fuel expansion, and its involvement in high-risk sectors such as Arctic drilling, shale gas, and Amazonian oil extraction. It specifically calls for the bank to oppose Total's climate strategy and cease financing for projects like EACOP and Tilenga, as well as gas developments in Mozambique. Additionally, it demands a 'zero deforestation' policy for imported soy and a detailed plan to end support for oil drilling in the Amazon.

• Natixis committed in 2020 to exclude companies generating more than 25% of revenue from coal or developing new coal projects, but postponed implementation to 2022; meanwhile, its subsidiary Ostrum applied these exclusions immediately in January 2021.
• Between 2016 and 2020, Natixis provided over 37 billion US dollars to fossil fuels, with support for companies active in fossil fuel development more than doubling in 2020 compared to 2016.
• Natixis is identified as the 4th largest French group financing shale gas and oil, and was the top French investor in 2020 with 4.4 billion dollars invested in the 75 companies projected to have the highest production in that sector by 2050.
• Despite excluding Arctic oil project financing in December 2017, Natixis remains among the top 20 banks globally involved in the region, and its current definition of the Arctic excludes only about two-thirds of projects identified by the Arctic Monitoring and Assessment Programme (AMAP).
• The authors argue that Total's climate strategy is not credible for a 1.5C target because it plans to increase gas production by 30% by 2030 and allocate approximately 80% of investment expenditures to oil and gas by 2030.
• The document highlights risks associated with gas projects in Northern Mozambique, specifically mentioning the Coral South FLNG and Total Mozambique LNG projects, noting that the latter was subject to a 'force majeure' declaration on April 26 following attacks in Palma.
• Between 2016 and 2019, the BPCE group provided nearly 1 billion dollars in financing to soy traders such as ADM, Bunge, Cargill, and Louis Dreyfus, contributing to deforestation in the Cerrado ecosystem.
• Following a report by Stand Earth and Amazon Watch, Natixis decided to cease support for Ecuadorian oil extraction and trade between 2021 and April 2022.

APA

Reclaim Finance (2021). Questions écrites à Natixis Assemblée générale 2021. https://reclaimfinance.org/site/wp-content/uploads/2021/05/Questions-écrites-Natixis-AG-2021-1.pdf

Chicago

Reclaim Finance. Questions écrites à Natixis Assemblée générale 2021. 2021. https://reclaimfinance.org/site/wp-content/uploads/2021/05/Questions-écrites-Natixis-AG-2021-1.pdf.

Wikipedia

{{cite press release |author=Reclaim Finance |title=Questions écrites à Natixis Assemblée générale 2021 |date=2021 |url=https://reclaimfinance.org/site/wp-content/uploads/2021/05/Questions-écrites-Natixis-AG-2021-1.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{reclaimfinance2021questions, author = {{Reclaim Finance}}, title = {{Questions écrites à Natixis Assemblée générale 2021}}, publisher = {Reclaim Finance}, year = {2021}, url = {https://reclaimfinance.org/site/wp-content/uploads/2021/05/Questions-écrites-Natixis-AG-2021-1.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }