Analyses et commentaires des banques en réaction au rapport Actifs fossiles : les nouveaux subprimes ?

The document details the reactions of eleven major European banks to a report on fossil fuel asset exposure. It provides specific 2019 data on fossil assets and equity for each bank, calculating a risk ratio. While some banks like BNP Paribas, Société Générale, and BPCE provided detailed rebuttals or highlighted their transition policies and green financing, others, such as Deutsche Bank and Santander, declined to respond. The banks generally contest the report's methodology, arguing that it ignores portfolio selectivity, client transition strategies, and the broader solvency of banking groups.

• The report identifies Crédit Agricole SA as having the highest ratio of fossil assets to equity among the eleven studied Eurozone banks, at 131%, with 71 billion euros in fossil assets against 54 billion euros in equity in 2019.
• Crédit Agricole SA formally contests the report's figures, stating that its fossil energy financing for 2020 was 13,514 million euros (down 4.9% from 14,213 million in 2019) and investments were 14,087 million euros (down 14.8% from 16,538 million in 2019).
• Société Générale, with a reported 124% ratio (54 billion euros in fossil assets vs 44 billion in equity), argues that the report's single-indicator approach fails to account for portfolio selectivity and the transition strategies of its clients.
• Société Générale has set a target to reduce its exposure to the oil and gas extraction sector by 10% by 2025 and aims for zero exposure to thermal coal for companies with assets in the EU and OECD by 2030, and elsewhere by 2040.
• BNP Paribas reported a 99% ratio in 2019, with 80 billion euros in fossil assets (41 billion in credit assets and 39 billion in market portfolios) against 81 billion euros in equity.
• BPCE, which had a ratio of 84% (55 billion euros in fossil assets vs 66 billion in equity), highlighted that its subsidiary Natixis committed in December 2017 to stop financing oil sands and Arctic oil exploration/production.
• Among the banks that did not provide official responses, Santander had the lowest ratio at 68% (48 billion in fossil assets vs 71 billion in equity), while Commerzbank had a high ratio of 117% (28 billion in fossil assets vs 24 billion in equity).

APA

Reclaim Finance (n.d.). Analyses et commentaires des banques en réaction au rapport Actifs fossiles : les nouveaux subprimes ? https://reclaimfinance.org/site/wp-content/uploads/2021/06/Reponses-des-banques-Etude-Actifs-Fossiles-RF-AT-IR.pdf

Chicago

Reclaim Finance. Analyses et commentaires des banques en réaction au rapport Actifs fossiles : les nouveaux subprimes ? n.d. https://reclaimfinance.org/site/wp-content/uploads/2021/06/Reponses-des-banques-Etude-Actifs-Fossiles-RF-AT-IR.pdf.

Wikipedia

{{cite report |author=Reclaim Finance |title=Analyses et commentaires des banques en réaction au rapport Actifs fossiles : les nouveaux subprimes ? |url=https://reclaimfinance.org/site/wp-content/uploads/2021/06/Reponses-des-banques-Etude-Actifs-Fossiles-RF-AT-IR.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{reclaimfinancendanalyses, author = {{Reclaim Finance}}, title = {{Analyses et commentaires des banques en réaction au rapport Actifs fossiles : les nouveaux subprimes ?}}, institution = {Reclaim Finance}, url = {https://reclaimfinance.org/site/wp-content/uploads/2021/06/Reponses-des-banques-Etude-Actifs-Fossiles-RF-AT-IR.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }