Finance ClimAct, moving towards more sustainable financing

Climate change, and in particular the increase in climatic events, will modify working conditions, both indoors and outdoors, and access to industrial sites, and increase the risks to workers' health and safety. These impacts will have consequences for industry, its activity and productivity, which must be anticipated and prepared for. ADEME has published a memo that presents the concepts related to physical risks for workers in the industrial sector, the factors to be considered and the existing tools. Download file

Climate hazards have an impact on the transport industry. ADEME has published a memo that summarises their nature, the methodological tools for measuring their impact and the factors to be taken into consideration in order to best adapt to these changes. Download file

ESG and sustainability disclosure and reporting requirements for listed and non-listed companies are rapidly taking shape. The CSRD proposal was released in April 2021 and will replace the Non-Financial Reporting Directive (NFRD). It is a transformative piece of legislation, targeting most large companies headquartered in Europe or listed on EU regulated markets and mandating standardised, audited corporate sustainability disclosures. The first batch of working papers related to European Sustainability Reporting Standards (ESRS) has been released the 18th of January 2022. Among other documents, the first ESRS on climate change is published, leveraging the TCFD recommendations, GRI standards and inspired by SBTi and ACT initiatives and referencing GHG protocols and ISO standards. EFRAG plans to deliver a full set of draft standards to the European Commission in 2022, which are expected to embrace the CSRD’s “double materiality” principle, covering both risks to and impacts of companies. Download file

The CTH has analysed the characterised reports of the 28 French institutions that took part in this voluntary participation in 2020 on their 2019 financial year. The study provides an exhaustive state of the art of their climate reporting and highlights the most advanced practices. This first study will serve as a reference to see how they are evolving. This memo, the last in a series of three summarising the main findings, focuses on the analysis of alignment and contributions and in particular - Greenhouse gas emissions associated with investments - Alignment assessment - Assessment of contributions Download file

This report presents an overview of the financial and non-financial reporting of a sample of French listed companies on climate issues. It focuses on three specific topics: the quantitative indicators used by companies to report on climate issues, the information communicated on carbon neutrality commitments for those that have made them, and finally, the accounting implications and climate-related information included in the financial statements. The report presents some good practices and highlights the efforts that are still needed to prepare for the strengthening of the regulatory framework. Download file

The CTH has analysed the characterised reports of the 28 French institutions that took part in this voluntary participation in 2020 on their 2019 financial year. The study provides an exhaustive state of the art of their climate reporting and highlights the most advanced practices. This first study will serve as a reference to see how they are evolving. This memo, the first of a series of three summarising the main findings, focuses on climate governance and strategy and in particular - Governance and management of climate issues - Commitment of issuers - Climate strategy Download file