Initiated in 2019, Finance Clim'Act is a 38M€ program led by French public authorities and financial regulators, which involves the industry and key stakeholders to align the french finance sector practices with the objectives of the Paris Agreement.
The project aims at ensuring that all individual investors are asked about their sustainability objectives, that the top industrial sectors have a transition plan, that all financial institutions assess the alignement of their portfolio and manager related targets, etc. It contributes to the implementation of French and European policies, in line with the European Green Pact and France’s National Low Carbon Strategy.
Stan Dupre has co-designed it and raised the funds for 2° Investing Initiative France and the French Environmental Agency (ADEME), which now leads it. 2° Investing Initiative France is one of the main partners of the project. The project mobilises about 40 people from 8 organisations.
Households - Facilitating retail investors’ investment decisions based on environmental objectives.
The project supports our understanding of retail investors’ expectations regarding sustainability and their ability to act upon them (Investors Preferences) and puts in place a clear and credible information to identify sustainable financial products (Labels).
Financial institutions - Taking climate change into account in financial sector management and supervision.The project equips financial institutions and their supervisors to integrate climate
into risk management while promoting long-termism (PACTA and Climate Stress-Tests)
and to encourage transparency regarding the contribution of institutions to the mitigation
of climate change and their resilience to its consequences (Climate Reporting Platform andSustainableFinanceObservatory).
Industry - Favour investment in energy efficiency and the low-carbon economy, in line with the National Low Carbon Strategy and the European Green Pact. The project aims to train and equip companies and their financiers to develop low-carbon strategies (ACT) and enable the implementation of energy efficiency and low-carbon projects in the most emissive industrial sectors (INVEEST and Industrial Transition Plans).
The project is coordinated by ADEME. It is co-financed by a 10M€ European grant (Life IP) and the partners (10M€). The participants are currently raising another 18M€.