Launch of the France Roadmap for Sustainable Finance
The Fiduciary Duty in the 21st Century programme – launched in 2016 by the Principles for Responsible Investment (PRI), the United Nations Environment Programme Finance Initiative (UNEP FI) and the Generation Foundation – will collaborate with Finance for Tomorrow to publish a “roadmap for sustainable finance in France”.
The Fiduciary Duty in the 21st Century programme has already published 15 country roadmaps, including a roadmap for the United States, and more recently one for China. Those roadmaps build on work with local stakeholders. They aim at implementing clear and accountable policy and practice that embrace the integration of Environmental, Social, and Governance (ESG) issues into investors’ investment decision-making processes as part of their duty of prudence and care towards their beneficiaries.
The “roadmap for sustainable finance in France” will set out recommendations for institutional investors and policy makers to promote responsible investment in France. The French market has already demonstrated leadership in sustainable finance, notably through the implementation of Article 173 of the Law on the Energy Transition for a Green Growth (TECV). However, there is still further progress needed to finance international sustainability targets, such as the one set by the Paris Agreement.
Building on interviews with stakeholders from the Paris financial sector and a workshop organised in September, the roadmap for France will be published during UNEP FI’s Global Round Table and Finance for Tomorrow’s Climate Finance Day, on 26-28 November 2018, in Paris.
The roadmap for France will be written by a consortium of three consultants selected by the PRI and UNEP FI: I-care (Antoine de Salins), Grizzly (Stéphane Voisin), and Beyond Ratings (Rodolphe Bocquet).
The Fiduciary Duty in the 21st Century programme has already published 15 country roadmaps, including a roadmap for the United States, and more recently one for China. Those roadmaps build on work with local stakeholders. They aim at implementing clear and accountable policy and practice that embrace the integration of Environmental, Social, and Governance (ESG) issues into investors’ investment decision-making processes as part of their duty of prudence and care towards their beneficiaries.
The “roadmap for sustainable finance in France” will set out recommendations for institutional investors and policy makers to promote responsible investment in France. The French market has already demonstrated leadership in sustainable finance, notably through the implementation of Article 173 of the Law on the Energy Transition for a Green Growth (TECV). However, there is still further progress needed to finance international sustainability targets, such as the one set by the Paris Agreement.
Building on interviews with stakeholders from the Paris financial sector and a workshop organised in September, the roadmap for France will be published during UNEP FI’s Global Round Table and Finance for Tomorrow’s Climate Finance Day, on 26-28 November 2018, in Paris.
The roadmap for France will be written by a consortium of three consultants selected by the PRI and UNEP FI: I-care (Antoine de Salins), Grizzly (Stéphane Voisin), and Beyond Ratings (Rodolphe Bocquet).