The French government is about to publish new legislation relating to employee-saving schemes, including details of which fund labels will be eligible to meet the requirement to include at least one fund which is certified as financing the energy and ecological transition or socially-responsible investment. According to a draft from early May, the government plans to allow funds that support fossil fuel expansion. Reclaim Finance is calling on the government to ensure there is at least one truly “green” fund in each employee savings scheme that excludes companies developing new fossil fuel projects and encourages all labels to strengthen their exclusion policies.
