The Autorité des Marchés Financiers (AMF) will carry out more checks on the commitments linked to sustainable finance by management companies, in order to "
combat greenwashing
", she announced on Wednesday.
To "
strengthen the relevance of Paris' place in sustainable finance, spot checks will this year verify that management companies comply with the constraints and commitments
" in this area, explained AMF President Robert Ophèle, during his greetings to the press.
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Spot checks are “
short and targeted
”
examinations
of the investments of management companies, which may concern “
five or six establishments
” in order to establish good and bad practices.
They are not made in a repressive perspective but "
it is a step towards a more demanding supervision
", defended Robert Ophèle.
Fight against "greenwashing"
Their objective will be to "
verify the consistency between contractual commitments
", sometimes resulting from French or European regulations, "
and the investments made as well as the associated control
system", he also detailed.
Ultimately, it is a question of "
fighting greenwashing
", that is to say the greening of the facade only of their practices.
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“
The approaches and definitions are disparate, and the monitoring of achievements can be improved.
It is essential that an effort of harmonization be implemented to give legibility and credibility to the place in this area
”, insisted Robert Ophèle.
Among the other priorities of the year for the AMF, we also find more control over "
the valuation of illiquid assets
", or "
the terms of exit in investments in unlisted securities
".