Finance ClimAct, moving towards more sustainable financing

Read the accessible summary of the project's main work. Download file

Read the roadmap produced at the end of the project, to ensure the continuity and impact of the results achieved in the years to come. Download file

In 2024, ADEME and FIR joined forces to study the climate strategies of French companies submitted to the advisory vote of shareholders at their general meetings. As part of this, the transition plan of one financial company, Amundi, whose AGM takes place on 24 May, is being analysed using the ACT Investisseurs methodology. The assessment highlights some key elements of the company's climate plan: Amundi is implementing the Ambition ESG 2025 plan, which includes strong elements such as the deployment of “Net Zero” investment solutions for each asset class and a broader engagement policy. The plan appears to be on track. However, its potential to achieve the Paris agreement is considerably weakened by the fact that Amundi's main objective remains to meet the demands of its potential clients, including those who do not wish to take climate aspects into account. Furthermore, in line with the overall state of the market, Amundi has not yet implemented a comprehensive and systematic categorisation framework analysing assets from a climate alignment perspective. Download file

The ACT team is delighted to announce the publication of its latest methodology: ACT Adaptation. Rising temperatures, a lack of operational frameworks to assess the adaptation strategies of private players, and a growing concern for adaptation, led us to develop this methodology. ACT Adaptation assesses the quality and comprehensiveness of a company's adaptation strategy, from physical risk analysis to governance, taking into account the entire value chain. This methodology is the result of long-term work by Stephia Latino, Adaptation Methodology Engineer at ADEME, supported by Romain Poivet, Head of Climate and Energy Commitment and Robert Bellini, Head of Adaptation to Climate Change. In particular, it has been tested by 13 international volunteer companies from different sectors to ensure its relevance and effectiveness. Download file

The world has already exceeded +1°C global warming compared to the pre-industrial period (1850-1900). Climate change has been definitively linked with severe and widespread consequences across the globe (see the World Weather Attribution initiative). Thus, adaptation to the current and future climate system is essential and must be taken into consideration alongside mitigation efforts. Thus, the ACT Initiative has developed an ACT Adaptation methodology that aims at assessing the quality and comprehensiveness of company’s adaptation strategy, from their physical risk analysis to their governance. It applies to companies from all sectors, size and geographical location. This ACT Adaptation draft methodology has been tested during a Road Test with 13 companies and the support of Climate Sense. We are pleased to announce the publication of the ACT Adaptation Road Test Report ! Download file

The production of this study is part of the cyclical operation of the Climate Transparency Hub (CTH). Following the analysis of 29 climate reports from French financial institutions for the year 2020, this study provides an overview of the state of climate reporting practices, based on the sample analysed. It is a study of the practices identified by the 29 proactive institutions supporting the CTH initiative, based on a matrix of analysis criteria. As part of the analysis of the 2020 reports, which are the last before the application of article 29 of the Energy and Climate Law, we have integrated into this analysis grid certain specific elements that will be expected in the next system. A focus is made on the most significant elements (taxonomic and fossil exposures, remuneration policy, means, objectives, risk management system, continuous improvement plan), materialized by a mention "New Art. 29 ECL" and a reminder of the new regulatory provisions introduced. This report is mainly intended for financial institutions subject to this reporting exercise in order to help them improve their practices. It will also be of interest to regulators and climate analysts who would like to observe the different responses given by financial institutions on specific questions of this dense and heterogeneous exercise. Download file