Climate love

Marine Stephan

16 w

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Autorité des marchés financiers

Climate love

The French Financial Markets Authority finally calls for the exclusion of fossil fuels from sustainable funds

The French Financial Markets Authority (AMF) is finally calling for the exclusion of fossil fuels from sustainable and green funds!
After a year marked by repeated greenwashing scandals among financial players, this stance by the AMF is more than welcome!
For funds that have a sustainable investment objective, the AMF proposes to exclude all activities related to fossil infrastructures. This means excluding all companies that have fossil activities not aligned with the EU taxonomy.
For funds that promote ESG, the AMF proposes lighter exclusions where fossil fuel companies could be included as long as they have a "convincing transition plan", which should be accompanied by a plan to close fossil fuel assets. These plans will have to be sufficiently precise to allow their evaluation and exclude the development of new fossil fuel production or transport infrastructures.
This is a concrete step forward! I hope it will soon be even more ambitious.
Now, let's see what the EU thinks about it. EU Commission, it is up to you, don't let us down!



Read more (FR):
https://www.amf-france.org/fr/actualites-publications/communiques/communiques-de-lamf/reglement-sur-la-publication-dinformations-en-matiere-de-durabilite-dans-les-services-financiers




Do you agree?

19 more agrees trigger social media ads

  • We Don't Have Time

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    16 w

    Dear Marine Stephan Thank you for getting your climate love to level 2! We have reached out to Autorité des marchés financiers and requested a response. I will keep you updated on any progress! /Adam We Don't Have Time

    • Tabitha Kimani

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      16 w

      Great news there. These are the measures we have been waiting for.

      • Mary Mwaura

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        16 w

        AMF is going great. That's recommendable

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        • Sarah Chabane

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          16 w

          Oh, that's great, especially coming from an institution like the AMF

          • Markus Lutteman

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            16 w

            About time!

            • Kevin

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              16 w

              Great move freezing financing for fossil fuels

              • Ajema Lydiah

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                16 w

                great news,we should encourage such ideas

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