French Banks – Leaders in Sustainable Finance

Faced with the ecological emergency, French banks are taking widespread actions to meet the challenges of the environmental transition. They are increasingly financing all their clients’ transition projects by rolling out appropriate banking solutions. They are also among the world leaders in renewable energy financing and green bond arrangement.

Environmentally responsible and committed both domestically and globally, banks are taking action to achieve their 2050 net zero carbon targets. Their decarbonisation paths for the most carbon-intensive sectors are among the most ambitious in the world.

French banks are continuing to divest from the most carbon-intensive energy sectors, which now account for a very small share in their balance sheets. They are also developing financing policies that aim to help maintain and restore biodiversity.

The increased transparency requirements at European level are also intended to contribute to companies’ and banks’ transition to a net-zero carbon Europe by 2050.

Faced with the urgent and complex challenge of the environmental transition, French banks are demonstrating their ability to reduce their balance sheets’ carbon footprint. The momentum is firmly established and the strategy of French banks remains unchanged: they will continue their long-term efforts to support the economy and their customers in the necessary decarbonisation of their activities.