Finance will be the nerve of the climate war. It is through a reorientation of investment flows and credits that economic actors will change their operating and production models. This revolution has started, and is now being gauged by the growth of financial products which meet ESG (environmental, social and… governance criteria) and, more restrictively, SRI (socially responsible investment) approaches. In France, 15% of assets under management already meet this requirement.
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But to be effective and to escape the suspicion of “greenwashing”, this appetite for responsible investment now needs a more demanding and more standardized normative framework. There is a need to put order in a financial landscape teeming with self-proclaimed labels and guarantees from NGOs of all kinds.
At European level, several approaches are underway. The “taxonomy” thus makes the sort in the green investments. Regarding bank financing,
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