Michèle Pappalardo, Chair of the SRI Label Committee, presented the structural orientations envisaged for the evolution of the SRI label at the end of July. To date, the information is very sketchy, but it does indicate that the changes will be on the cheap. Regarding climate change, it appears that SRI label funds would still be able to invest in companies developing new oil and gas fields, in major contradiction with the committee’s stated desire to take into account France’s climate objectives and to base the new label on a double materiality approach. Reclaim Finance invites all those concerned by the protection of the climate and the rights of savers to respond to the consultation open until September 9.
