Sortie du charbon : 2 ans après, la finance française encore au milieu du gué

Two years after the Paris financial center committed to coal exit strategies, Reclaim Finance finds a mixed record. While 24 of 54 analyzed actors have robust policies, others lack them entirely or have significant gaps, such as failing to exclude coal developers or lacking clear exit dates. Major banks like BNP Paribas, Société Générale, Crédit Agricole, and Natixis remain under scrutiny for continuing to support coal companies without credible transition plans.

• Of the 54 French financial actors analyzed using the Coal Policy Tool, 24 have adopted robust coal exit policies, while three have almost no policy at all: the Agirc-Arrco pension scheme, Capital Fund Management, and Natixis Investment Managers.
• Significant gaps persist in the policies of many institutions, including a failure to exclude coal developers (companies planning new mines or plants), the absence of a definitive exit calendar, and the use of exclusion thresholds that are too high.
• Major French banks—BNP Paribas, Société Générale, Crédit Agricole, and Natixis—are placed under 'reinforced surveillance' because they may still support coal industrials lacking credible exit plans, such as Glencore, Kepco, RWE, Fortum/Uniper, EPH, Marubeni, and PLN.
• Between October 2018 and October 2020, large French banks provided 39 billion USD to coal sector companies, and French investors held nearly 14 billion USD in such companies as of January 2021.
• The report identifies a systemic failure among investors to apply coal exclusion measures to all assets under management, specifically noting a lack of coverage for passive or index management.
• The author argues that voluntary commitments and appeals from officials like Bruno Le Maire are insufficient, asserting that a regulatory framework is necessary to compel financial actors to adopt and apply proper coal exit tools.

APA

Reclaim Finance (n.d.). Sortie du charbon : 2 ans après, la finance française encore au milieu du gué. https://reclaimfinance.org/site/wp-content/uploads/2021/07/Reclaim-Finance-Brief-2-ans-dengagement-finance-charbon-FINAL.pdf

Chicago

Reclaim Finance. Sortie du charbon : 2 ans après, la finance française encore au milieu du gué. n.d. https://reclaimfinance.org/site/wp-content/uploads/2021/07/Reclaim-Finance-Brief-2-ans-dengagement-finance-charbon-FINAL.pdf.

Wikipedia

{{cite report |author=Reclaim Finance |title=Sortie du charbon : 2 ans après, la finance française encore au milieu du gué |url=https://reclaimfinance.org/site/wp-content/uploads/2021/07/Reclaim-Finance-Brief-2-ans-dengagement-finance-charbon-FINAL.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{reclaimfinancendsortie, author = {{Reclaim Finance}}, title = {{Sortie du charbon : 2 ans après, la finance française encore au milieu du gué}}, institution = {Reclaim Finance}, url = {https://reclaimfinance.org/site/wp-content/uploads/2021/07/Reclaim-Finance-Brief-2-ans-dengagement-finance-charbon-FINAL.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }