Publications

Article 173: Overview of climate-related financial dislosure after two years of implementation

21 November 2018 - Climate Brief - By : Morgane NICOL / Julie EVAIN / Michel CARDONA

In 2015, article 173-VI of the French Energy Transition for Green Growth Act set a global precedent by requiring investors to be transparent on the climate impacts of their investments.

 

After two years of investor climate reporting, covering their activities in 2016 and 2017, what lessons can be drawn from article 173-VI? This is the question to be answered by the French Ministry of Finance and the Ministry for the Ecological and Inclusive Transition, with the upcoming review of implementation for this mechanism.

 

In this policy brief, and based on three ongoing research projects on climate finance 1, I4CE takes stock of the application of article 173-VI and of its implications for the evolution of climate reporting practices and investment management.

 

Drawing on this, I4CE makes recommendations to improve its impact at the French level. It is hoped that these recommendations will also be useful in the debate at the European Union level, while negotiations on a future “European article 173” are underway.

 

This climate brief is based on three ongoing research projects on finance, and in particular on a study conducted with WWF France: “Article 173: analysis of insurers’ climate reporting”.

 

Article 173: Overview of climate-related financial dislosure after two years of implementation Download
I4CE Contacts
Morgane NICOL
Morgane NICOL
Local authorities Programme director – Local authorities, Adaptation, Public finance Email
Julie EVAIN
Julie EVAIN
Research Fellow – Financial regulation, Prudential transition plans Email
Michel CARDONA
Michel CARDONA
Senior associate Expert – Financial Sector, Risks and Climate Change Email
To learn more
  • 04/19/2024 Foreword of the week
    World bank and IMF Spring Meetings: How can the reformed institutions play a leading role in funding the transition?

    Rethinking how development can be financed to take into account the rising challenges of our time is a fastidious task, especially when thousands of experts, decision makers and practitioners want to leave their print. The outline of the new international financial architecture is being debated again this week, with more questions open for discussion than consensus on the answers. 

  • 04/19/2024 Blog post
    More and better finance: maximising positive climate impacts for a timely transition 

    Since the Paris Agreement in 2015, significant strides have been made to foster the commitment of countries and financial institutions to address the climate crisis and ensure that climate risks and opportunities are considered in investments. However, with emissions required to peak before 2025, our window of opportunity is rapidly closing to keep +1.5°C within reach. Financial needs to lower greenhouse gas (GHG) emissions and to address adaptation priorities are increasing rapidly in the meantime. Luis Zamarioli Santos and Diana Cárdenas Monar, from I4CE, believe that commitment must urgently translate into action, and action must bring the urgent change the world needs. Both governments and public financial institutions have a central role to play to deliver more and better finance, maximising positive impacts. This blogpost highlights some opportunities to advance in the path for a systemic transformation, involving key stakeholders with a whole-economy approach.  

  • 04/17/2024
    Ambitious alignment with the Paris Agreement in public development banks

    At the Spring Meetings, during an event with senior climate representatives from Multilateral Development Banks, I4CE, E3G, Germanwatch and NewClimate Institute officially launched a common position paper on what ambitous Paris alignment means for public development banks. This paper summarises years of research on Paris alignment to shed light on best practice and hopefully support decision makers in taking and implementing credible climate commitments. 

See all publications
Press contact Amélie FRITZ Head of Communication and press relations Email
Subscribe to our mailing list :
I register !
Subscribe to our newsletter
Once a week, receive all the information on climate economics
I register !
Fermer