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The Banque de France asks companies to publish their environmental data

2022-04-27T09:47:22.179Z


By partnering with the Carbon Disclosure Project, the central bank joins 680 other “global financial institutions”.


The Banque de France announced in a press release on Wednesday that it is joining the Carbon Disclosure Project (CDP) and partnering with the organization to ask companies to publish their environmental data.

The central bank joins 680 other “

global financial institutions

” weighing 130,000 billion dollars in assets, and prides itself on being “

the first central bank in the world

” to join the CDP.

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Other signatories include, for example, the European Investment Bank (EIB), the insurer Axa, the banks Crédit Agricole and HSBC and the asset management giant Blackrock.

The Banque de France stresses that it will now have access to the environmental database of companies "

the largest in the world, and it will use it to guide its activities as an ESG investor

" (which respects environmental, social and governance).

The institution's portfolios are aligned on a 2 degree warming trajectory, "

and work is underway to achieve a 1.5 degree trajectory

," the central bank said.

Read alsoLess than one in ten companies measure their CO2 emissions correctly

At the end of December CDP had revealed that only 272 companies out of 12,000 had received an “

A

” for their actions on one or more climate issues.

Of these, only 14 had received an A in the three categories climate, forests and water.

Source: lefigaro

All news articles on 2022-04-27

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