It’s time to take action to finance the ecological transition. This was the motto underpinning the Paris financial institutions\u2019 meeting on Monday 22 April 2024, organized by the Institut de la Finance Durable. However, financing solutions will not meet the objectives of reducing greenhouse gas emissions unless efforts are made at the same time to reduce financing for fossil fuels. After drawing up an <\/b>inglorious overview of French asset managers<\/b><\/a><\/span>, Reclaim Finance takes stock of the commitments of asset owners in the face of the first imperative: to halt the expansion of oil and gas. The verdict is clear: while 11 of them have adopted measures restricting new investment in fossil fuel expansion, the majority have yet to act.<\/b><\/p>\n<\/div> Find below the French asset owners\u2019 commitments to stop (or not) supporting oil and gas expansion:<\/p>\n<\/div>\n *From 2027.\n\n
\n Commitment to stop investing in bonds from companies developing new oil and gas upstream projects<\/b><\/th>\n Commitment to stop investing in bonds from companies developing new midstream oil and gas infrastructure<\/b><\/th>\n Commitment to select asset managers based on the robustness of their fossil fuels sector policy<\/span><\/b><\/th>\n No commitments to restrict support towards oil and gas expansion<\/b><\/th>\n<\/tr>\n<\/thead>\n\n \n Abeille Assurances, AG2R La Mondiale*, Agirc-Arrco**, Caisse des D\u00e9p\u00f4ts (CDC)****, CNP Assurances, ERAFP**, Groupama***, Ircantec, MACIF, MACSF, MAIF, Scor, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Assurances, Suravenir<\/td>\n Ircantec, MACSF, Suravenir<\/td>\n MAIF<\/td>\n AXA, BNP Paribas Cardif, Cov\u00e9a, Cr\u00e9dit Agricole Assurances, Assurances du Cr\u00e9dit Mutuel, Fonds de R\u00e9serve pour les Retraites (FRR), SMA<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n**From 2030.
\n***Only companies with unconventional oil and gas expansion plans.
\n****No systematic sanctions against companies with expansion plans.<\/p>\n<\/div>