Launch of a market monitor on sustainable finance
The aim of this tool, the only one of its kind worldwide, is to help provide greater transparency, oversight, and appraisal of the gradual transformation of the financial sector.
It was a commitment made in July 2019 by the different players active in the Paris financial market (insurance companies, banks, private equity firms, management companies, and specialized financial companies) and reiterated on October 27 by Laurent Mignon when he was invited to speak on the Europe 1 radio station in his capacity as the Chairman of the FBF's Climate Commission.
This market monitor is now a reality. The Observatoire de la finance durable (monitor on sustainable finance) will identify the achievements and commitments of financial players who aim to achieve carbon neutrality by 2050.
The actions are grouped into four areas: responsible management, transition to a low-carbon economy, the phasing-out of coal, and the marketing of responsible products.
The Observatoire also lists the public commitments related to sustainable finance made voluntarily by 355 market participants.