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In 2015, France launched a pioneering "reporting" obligation requiring the largest institutional investors to explain their strategy for taking climate-related risks into account and contributing to the objectives of the Paris Agreement and the National Low Carbon Strategy. The results of the last few years of implementation have been mixed. And as disclosure requirements are being refined on the European level, the time has come to strengthen obligations in France in order to keep pushing the frontier for quality climate-related disclosure.
The disclosure requirements for French investors are now changing with the publication of the implementing decree for the article 29 of the French energy-climate law.
In this week's newsletter, you can read an I4CE article explaining why it was necessary to change the climate disclosure obligations and what the new French decree brings... or not. You will also find a report of I4CE and the Louis Bachelier Institute (ILB) on minimum requirements for financial institutions. If you only have two minutes to spend, you can watch a short video explaining the context and the key takeaways.
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