{"id":4533,"date":"2025-07-07T16:10:22","date_gmt":"2025-07-07T14:10:22","guid":{"rendered":"https:\/\/institutdelafinancedurable.com\/history-of-sustainable-finance-in-france\/"},"modified":"2025-07-07T16:10:22","modified_gmt":"2025-07-07T14:10:22","slug":"history-of-sustainable-finance-in-france","status":"publish","type":"page","link":"https:\/\/institutdelafinancedurable.com\/en\/history-of-sustainable-finance-in-france\/","title":{"rendered":"History of sustainable finance in France"},"content":{"rendered":"<div class=\"espace pb-4 pb-lg-9\"><\/div>\n\n\t<!-- START OF : Composant : block-periscope-theme-section-composant-31-bloc-chronologie.php -->\n<div class=\"chronologie\" data-component=\"31-chronologie\">\n\t<div class=\"chronologie__timeline bg-primary\">\n\t\t<div class=\"chronologie__timeline__wrap\">\n\t\t\t\t\t\t\t\t<div class=\"chronologie__timeline__wrap__item\">\n\t\t\t\t\t\t<button class=\"btn btn-secondary btn-year\">2015<\/button>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"chronologie__timeline__wrap__item\">\n\t\t\t\t\t\t<button class=\"btn btn-secondary btn-year\">2016<\/button>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"chronologie__timeline__wrap__item\">\n\t\t\t\t\t\t<button class=\"btn btn-secondary btn-year\">2017<\/button>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"chronologie__timeline__wrap__item\">\n\t\t\t\t\t\t<button class=\"btn btn-secondary btn-year\">2018<\/button>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"chronologie__timeline__wrap__item\">\n\t\t\t\t\t\t<button class=\"btn btn-secondary btn-year\">2019<\/button>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"chronologie__timeline__wrap__item\">\n\t\t\t\t\t\t<button class=\"btn btn-secondary btn-year\">2020<\/button>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"chronologie__timeline__wrap__item\">\n\t\t\t\t\t\t<button class=\"btn btn-secondary btn-year\">2021<\/button>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"chronologie__timeline__wrap__item\">\n\t\t\t\t\t\t<button class=\"btn btn-secondary btn-year\">2022<\/button>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"chronologie__timeline__wrap__item\">\n\t\t\t\t\t\t<button class=\"btn btn-secondary btn-year\">2023<\/button>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t<\/div>\n\t<div class=\"chronologie__view\">\n\t\t<div class=\"container chronologie__view__content\">\n\t\t\t\t\t\t\t\t<article class=\"chronologie__view__content__item\">\n\t\t\t\t\t\t<aside class=\"chronologie__view__content__item__aside\">\n\t\t\t\t\t\t\t<div class=\"chronologie__view__content__item__aside__content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/institutdelafinancedurable.com\/wp-content\/uploads\/2025\/02\/margot-richard-NJJ7paSBO-c-unsplash-scaled.jpg\" alt=\"\" \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/aside>\n\t\t\t\t\t\t<div class=\"chronologie__view__content__item__infos\">\n\t\t\t\t\t\t\t<div class=\"wysiwyg\">\n\t\t\t\t\t\t\t\t<h2 class='mb-2 mt-6 text-lg first:mt-3'>Article 173 of the LTECV on climate transparency<\/h2>\n<p>In 2015, France adopted the <strong>Law on Energy Transition for Green Growth (LTECV)<\/strong>,<strong>Article 173<\/strong> of which marks a significant step forward in climate transparency in the financial sector. This law <strong>also establishes the first National Low-Carbon Strategy (SNBC)<\/strong>.<\/p>\n<h6>Main features :<\/h6>\n<ul class='marker:text-textOff list-disc pl-8'>\n<li><strong>Date of adoption<\/strong>: August 17, 2015<\/li>\n<li><strong>Objective<\/strong>: Require greater transparency from companies and financial players on their <strong>climate strategy<\/strong> and the inclusion of <strong>ESG criteria<\/strong> in their investments.<\/li>\n<\/ul>\n<p><strong>Article 173 applies to:<\/strong><\/p>\n<ul class='marker:text-textOff list-disc pl-8'>\n<li><strong>Large listed companies<\/strong><\/li>\n<li><strong>Institutional investors<\/strong> (insurers, mutual insurers, management companies, etc.)<\/li>\n<\/ul>\n<h6>Reporting obligations :<\/h6>\n<ul class='marker:text-textOff list-disc pl-8'>\n<li>Publish information on how <strong>ESG criteria are taken into account<\/strong> in investment policy<\/li>\n<li>Communicate on <strong>contribution to energy and ecological transition<\/strong><\/li>\n<li>Detail<strong>exposure to climate risks<\/strong> and the<strong>carbon footprint<\/strong> of portfolios<\/li>\n<\/ul>\n<h6>Special features :<\/h6>\n<ul class='marker:text-textOff list-disc pl-8'>\n<li>World&#8217;s first system requiring investors to publish their exposure to climate risks<\/li>\n<li><strong>Comply or explain&#8217;<\/strong> approach: players must comply or explain why they are not doing so<\/li>\n<\/ul>\n<p>Implementation has been gradual, with an <strong>implementing decree<\/strong> published on December 31, 2015 and effective for reports published from 2017 onwards (for the 2016 financial year).The impact of Article 173 has been considerable, stimulating the development of<strong>responsible investment<\/strong> in France and serving as a model for other European and international regulations.<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t<article class=\"chronologie__view__content__item\">\n\t\t\t\t\t\t<aside class=\"chronologie__view__content__item__aside\">\n\t\t\t\t\t\t\t<div class=\"chronologie__view__content__item__aside__content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/institutdelafinancedurable.com\/wp-content\/uploads\/2025\/02\/mario-heller-6oUIJEhrjpE-unsplash-scaled.jpg\" alt=\"\" \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/aside>\n\t\t\t\t\t\t<div class=\"chronologie__view__content__item__infos\">\n\t\t\t\t\t\t\t<div class=\"wysiwyg\">\n\t\t\t\t\t\t\t\t<h2 class='mb-2 mt-6 text-lg first:mt-3'>Launch of SRI and Greenfin labels<\/h2>\n<p>In 2016, France took an important step in promoting sustainable finance with the launch of two public labels: the <strong>SRI<\/strong> (Socially Responsible Investment) label and the <strong>Greenfin<\/strong> label (initially called TEEC &#8211; Transition \u00c9nerg\u00e9tique et \u00c9cologique pour le Climat). These initiatives are part of the French government&#8217;s drive to position the country as a leader in green and responsible finance, in line with the commitments made during the Paris Climate Agreement.<\/p>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>SRI label<\/h3>\n<p>The SRI label, created by the French Ministry of the Economy and Finance, aims to promote investment funds that integrate <strong>ESG<\/strong> (Environmental, Social and Governance) criteria into their management. The label applies to a wide range of financial products, and guarantees investors that label-approved funds take extra-financial criteria into account in their investment strategy. Valid for three years, with annual control audits, the SRI label offers a guarantee of quality and transparency to investors concerned about the impact of their investments.<\/p>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>Greenfin label<\/h3>\n<div class='flex max-w-full flex-col flex-grow'>\n<div class='min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words text-start [.text-message+&amp;]:mt-5' dir='auto' data-message-author-role='assistant' data-message-id='2d5abce6-4f2b-4f0d-bbe5-fc4b14c9b4ec' data-message-model-slug='gpt-4o'>\n<div class='flex w-full flex-col gap-1 empty:hidden first:pt-[3px]'>\n<div class='markdown prose w-full break-words dark:prose-invert light'>\n<p data-start='0' data-end='634'>Meanwhile, the <strong data-start='18' data-end='36'>Greenfin label<\/strong>, launched by the French <strong data-start='51' data-end='105'>Ministry of Ecological and Solidarity Transition<\/strong>, focuses specifically on <strong data-start='142' data-end='182'>energy and ecological transition<\/strong>. More restrictive than the <strong data-start='207' data-end='220'>SRI label<\/strong>, it <strong data-start='225' data-end='301'>excludes funds investing in fossil fuels and nuclear power<\/strong>, and <strong data-start='306' data-end='402'>imposes a minimum percentage of investment in activities considered &#8216;green&#8217;<\/strong>. <strong data-start='404' data-end='433'>Renewable annually,<\/strong> this label aims to <strong data-start='451' data-end='527'>direct capital towards key sectors of the ecological transition<\/strong>, such as <strong data-start='538' data-end='631'>renewable energies, energy efficiency and sustainable resource management<\/strong>.<\/p>\n<p data-start='636' data-end='704'>These two labels <strong data-start='668' data-end='700'>share essential objectives<\/strong>:<\/p>\n<ul data-start='706' data-end='1237'>\n<li data-start='706' data-end='839'><strong data-start='708' data-end='729'>Direct savings<\/strong> towards <strong data-start='739' data-end='767'>sustainable investments<\/strong>, thereby contributing to the <strong data-start='792' data-end='836'>transition to a low-carbon economy<\/strong>.<\/li>\n<li data-start='840' data-end='996'><strong data-start='842' data-end='879'>Offer greater transparency<\/strong> to investors, enabling them to <strong data-start='915' data-end='993'>easily identify financial products aligned with their values<\/strong>.<\/li>\n<li data-start='997' data-end='1094'><strong data-start='999' data-end='1034'>Combat &#8216;greenwashing&#8217;<\/strong> by <strong data-start='1038' data-end='1091'>establishing rigorous, verifiable criteria<\/strong>.<\/li>\n<li data-start='1095' data-end='1237'><strong data-start='1097' data-end='1130'>Promote sustainable finance<\/strong> in <strong data-start='1134' data-end='1157'>France and Europe<\/strong>, strengthening <strong data-start='1188' data-end='1218'>France<\/strong> &#8216;s position <strong data-start='1188' data-end='1218'>as a major player<\/strong> in this field.<\/li>\n<\/ul>\n<p data-start='1239' data-end='1710' data-is-last-node='' data-is-only-node=''>The launch of these labels in <strong data-start='1269' data-end='1277'>2016<\/strong> marks a <strong data-start='1289' data-end='1307'>crucial step<\/strong> in the evolution of the French financial landscape towards <strong data-start='1364' data-end='1420'>greater consideration of sustainability issues<\/strong>. They offer a <strong data-start='1437' data-end='1456'>structured framework<\/strong> to encourage financial players to <strong data-start='1498' data-end='1581'>integrate ESG and climate criteria into their investment strategies<\/strong>, while responding to <strong data-start='1607' data-end='1647'>growing investor demand<\/strong> for <strong data-start='1657' data-end='1709'>responsible and transparent financial products<\/strong>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t<article class=\"chronologie__view__content__item\">\n\t\t\t\t\t\t<aside class=\"chronologie__view__content__item__aside\">\n\t\t\t\t\t\t\t<div class=\"chronologie__view__content__item__aside__content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/institutdelafinancedurable.com\/wp-content\/uploads\/2025\/02\/Finance-for-tomorrow-logo-640x640-1.png\" alt=\"\" \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/aside>\n\t\t\t\t\t\t<div class=\"chronologie__view__content__item__infos\">\n\t\t\t\t\t\t\t<div class=\"wysiwyg\">\n\t\t\t\t\t\t\t\t<h2 class='mb-2 mt-6 text-lg first:mt-3'>Creation of Finance for Tomorrow<\/h2>\n<p>In June 2017, Paris EUROPLACE launched <strong>Finance for Tomorrow<\/strong>, an ambitious initiative aimed at making green and sustainable finance a growth driver for the Paris marketplace and positioning it as a benchmark financial center on these issues.<\/p>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>Background and objectives<\/h3>\n<ul class='marker:text-textOff list-disc pl-8'>\n<li>Created in line with the Paris Climate Agreement (2015) and the UN Sustainable Development Goals<\/li>\n<li>Aims to accelerate the transformation of the financial sector towards a low-carbon, inclusive economy<\/li>\n<li>Ambition to position Paris as a leading financial center for sustainable finance<\/li>\n<\/ul>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>Key features<\/h3>\n<ul class='marker:text-textOff list-disc pl-8'>\n<li><strong>Structure<\/strong>: Paris EUROPLACE branch dedicated to sustainable finance<\/li>\n<li><strong>Members<\/strong>: Close to 80 members and observers representing the entire financial ecosystem (banks, investors, management companies, as well as public players, companies, NGOs and universities).<\/li>\n<li><strong>Commitment<\/strong>: Members sign a joint charter to redirect financial flows towards a sustainable economy.<\/li>\n<\/ul>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>Work areas<\/h3>\n<ol class='marker:text-textOff list-decimal pl-8'>\n<li><strong>Promotion<\/strong>: Promote French expertise in green and sustainable finance internationally<\/li>\n<li><strong>Innovation<\/strong>: Stimulate innovation in sustainable financial products and services<\/li>\n<li><strong>Research<\/strong>: Support academic research and training in these areas<\/li>\n<li><strong>Dialogue<\/strong>: Facilitate exchanges between public and private players to drive regulatory change<\/li>\n<\/ol>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>Notable achievements<\/h3>\n<ul class='marker:text-textOff list-disc pl-8'>\n<li>Organization of major events such as Climate Finance Day<\/li>\n<li>Active participation in discussions on European regulations (Taxonomy, SFDR, etc.)<\/li>\n<li>Launched thematic working groups (biodiversity, impact finance, etc.).<\/li>\n<li>Publication of reports and studies on sustainable finance<\/li>\n<\/ul>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>Evolution<\/h3>\n<p>In 2022, on the recommendation of Yves Perrier&#8217;s report, Finance for Tomorrow evolves to become the<strong>Institut de la Finance Durable<\/strong> (IFD), marking a new stage in the Paris financial center&#8217;s ambition in sustainable finance.The creation of Finance for Tomorrow in 2017 played a crucial role in structuring and accelerating sustainable finance in France, significantly contributing to Paris&#8217; positioning as a leading financial center in this field.<\/p>\n<h2 class='mb-2 mt-6 text-lg first:mt-3'>Law on the duty of care of parent companies and contractors<\/h2>\n<p>On March 27, 2017, France adopted a <strong>pioneering law<\/strong> on corporate <strong>duty of care<\/strong>, marking a significant step forward in making large companies accountable for their <strong>value chain<\/strong>.<\/p>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>Background and objectives<\/h3>\n<ul class='marker:text-textOff list-disc pl-8'>\n<li>Adopted in response to disasters such as the<strong>collapse of the Rana Plaza<\/strong> in Bangladesh in 2013.<\/li>\n<li>Aims to prevent <strong>human rights violations<\/strong> and <strong>environmental damage<\/strong> linked to corporate activities, including abroad.<\/li>\n<li>Seeks to close the legal loophole allowing <strong>multinationals<\/strong> to escape responsibility for the actions of their <strong>subsidiaries<\/strong> and <strong>subcontractors<\/strong>.<\/li>\n<\/ul>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>Main provisions<\/h3>\n<p><strong>Scope of application<\/strong>:<\/p>\n<ul>\n<li>French companies with at least <strong>5,000 employees<\/strong> in France or <strong>10,000 employees<\/strong> worldwide (including subsidiaries).<\/li>\n<\/ul>\n<p><strong>Central obligation<\/strong>: Establish and effectively implement an <strong>annual vigilance plan<\/strong>.<strong>Content of the vigilance plan<\/strong>:<\/p>\n<ul>\n<li><strong>Risk mapping<\/strong><\/li>\n<li><strong>Regular assessment<\/strong> procedures for subsidiaries, subcontractors and suppliers<\/li>\n<li>Actions to<strong>mitigate risks<\/strong> and prevent serious harm<\/li>\n<li>Alert and reporting mechanism<\/li>\n<li>System for monitoring and evaluating measures implemented<\/li>\n<\/ul>\n<p><strong>Scope covered<\/strong>:<\/p>\n<ul>\n<li>Company activities<\/li>\n<li>Activities of directly or indirectly controlled companies<\/li>\n<li>Activities of subcontractors and suppliers with whom we have an established business relationship<\/li>\n<\/ul>\n<p><strong>Publicity<\/strong>: The plan and the report on its implementation must be made public and included in the <strong>management report<\/strong>.<strong>Control mechanisms and sanctions<\/strong>:<\/p>\n<ul>\n<li>Possibility of formal notice in the event of non-compliance<\/li>\n<li>The judge may order the company to comply with its obligations, subject to a fine.<\/li>\n<li><strong>Civil liability<\/strong> for damage prevented by the plan<\/li>\n<\/ul>\n<h3>Importance and impact<\/h3>\n<ul class='marker:text-textOff list-disc pl-8'>\n<li>First law in the world to impose such an extensive duty of care on companies.<\/li>\n<li>Inspires similar initiatives at European and international level.<\/li>\n<li>Encourages companies to better understand and control their supply chain.<\/li>\n<li>Paves the way for better protection of human rights and the environment in globalized economic activities.<\/li>\n<\/ul>\n<p>This 2017 law marks a turning point in the regulation of multinational companies, making them legally responsible for the impacts of their activities and those of their business partners, both in France and abroad.<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t<article class=\"chronologie__view__content__item\">\n\t\t\t\t\t\t<aside class=\"chronologie__view__content__item__aside\">\n\t\t\t\t\t\t\t<div class=\"chronologie__view__content__item__aside__content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/institutdelafinancedurable.com\/wp-content\/uploads\/2025\/02\/ales-krivec-KnV-mJDGWzU-unsplash-scaled.jpg\" alt=\"\" \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/aside>\n\t\t\t\t\t\t<div class=\"chronologie__view__content__item__infos\">\n\t\t\t\t\t\t\t<div class=\"wysiwyg\">\n\t\t\t\t\t\t\t\t<h2 class='mb-2 mt-6 text-lg first:mt-3'>Adoption of the National Strategy to Combat Imported Deforestation (SNDI)<\/h2>\n<p>In 2018, France adopted the <strong>Strat\u00e9gie Nationale de Lutte contre la D\u00e9forestation Import\u00e9e<\/strong> (SNDI), an initiative aimed at reducing the impact of French consumption on global deforestation. This strategy is part of an international context in which deforestation is recognized as a major challenge for climate and biodiversity. France is thus committed to putting an end to this imported deforestation by 2030, in line with global sustainability objectives.<\/p>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>SNDI objectives<\/h3>\n<p>One of the central axes of this strategy is<strong>Orientation 4<\/strong>, which aims to :<\/p>\n<ul class='marker:text-textOff list-disc pl-8'>\n<li><strong>Promote and coordinate stakeholder involvement<\/strong><\/li>\n<li>Target <strong>companies<\/strong> and <strong>financial players<\/strong><\/li>\n<\/ul>\n<p>This orientation underlines the importance of a collaborative approach to tackling deforestation, where companies play a crucial role in supply chains, while financial players are essential in steering investments towards sustainable practices.<\/p>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>Role of the Institut de la Finance Durable (IFD)<\/h3>\n<p>The<strong>Institut de la Finance Durable<\/strong> has been identified by the French Ministry for the Environment as the <strong>relay for this strategy<\/strong> among financial players in the Paris marketplace. Its missions include<\/p>\n<ul class='marker:text-textOff list-disc pl-8'>\n<li><strong>Raising awareness and mobilizing<\/strong> financial players on issues related to imported deforestation<\/li>\n<li>Facilitating dialogue between the financial sector and the objectives of the SNDI<\/li>\n<\/ul>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>Implications for the financial sector<\/h3>\n<p>The adoption of this strategy has several significant implications:<\/p>\n<ul class='marker:text-textOff list-disc pl-8'>\n<li>Encouraging financial players to integrate <strong>deforestation-related risks<\/strong> into their investment decisions<\/li>\n<li>Encouraging the development of financial products that promote sustainable initiatives<\/li>\n<li>Promoting greater <strong>transparency<\/strong> on portfolio exposure to environmental risks.<\/li>\n<\/ul>\n<p>All in all, this initiative marks an important step in the French financial sector&#8217;s commitment to the fight against deforestation. It underscores the growing interconnection between finance and global environmental issues, reinforcing France&#8217;s position as a leader in sustainable finance.<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t<article class=\"chronologie__view__content__item\">\n\t\t\t\t\t\t<aside class=\"chronologie__view__content__item__aside\">\n\t\t\t\t\t\t\t<div class=\"chronologie__view__content__item__aside__content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/institutdelafinancedurable.com\/wp-content\/uploads\/2025\/02\/hannah-busing-Zyx1bK9mqmA-unsplash-scaled.jpg\" alt=\"\" \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/aside>\n\t\t\t\t\t\t<div class=\"chronologie__view__content__item__infos\">\n\t\t\t\t\t\t\t<div class=\"wysiwyg\">\n\t\t\t\t\t\t\t\t<h2 class='mb-2 mt-6 text-lg first:mt-3'>PACTE Act &#8211; Introduction of mission-driven companies<\/h2>\n<p>The PACTE (Plan d&#8217;Action pour la Croissance et la Transformation des Entreprises) law, adopted on May 22, 2019, marks a significant change in the legal definition of a company in France. In particular, it introduces two innovative concepts:<\/p>\n<ol class='marker:text-textOff list-decimal pl-8'>\n<li>The possibility for companies to adopt a <strong>raison d&#8217;\u00eatre<\/strong><\/li>\n<li>The creation of the status of<strong>mission-driven company<\/strong><\/li>\n<\/ol>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>Mission statement<\/h3>\n<ul class='marker:text-textOff list-disc pl-8'>\n<li>Definition: Expression of the <strong>role that the company intends to play in society<\/strong>, over and above its economic activity.<\/li>\n<li>Registration: Can be included in the company&#8217;s bylaws (optional)<\/li>\n<\/ul>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>Mission-driven company<\/h3>\n<p>This new status enables companies to publicly affirm their commitment to society. To obtain this status, a company must meet several conditions:<\/p>\n<ol class='marker:text-textOff list-decimal pl-8'>\n<li>define a <strong>raison d&#8217;\u00eatre<\/strong> in its bylaws<\/li>\n<li>Specify one or more <strong>social and environmental objectives<\/strong><\/li>\n<li>Set up a mission <strong>monitoring committee<\/strong> <\/li>\n<li>Have the implementation of its objectives verified by an <strong>independent third-party organization<\/strong><\/li>\n<li>Declare its status as a company with a mission to the <strong>clerk of the commercial court.<\/strong><\/li>\n<\/ol>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>Implications for companies<\/h3>\n<ul class='marker:text-textOff list-disc pl-8'>\n<li><strong>Governance<\/strong>: creation of a mission committee distinct from traditional corporate bodies<\/li>\n<li><strong>Transparency<\/strong>: Publication of an annual report on the performance of the engagement<\/li>\n<li><strong>Control<\/strong>: Verification by an independent third-party organization every two years.<\/li>\n<\/ul>\n<p>The aim of the PACTE Act is to encourage companies to factor social and environmental issues into their strategy, while at the same time providing a legal framework for those who wish to go further in their commitment to society.<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t<article class=\"chronologie__view__content__item\">\n\t\t\t\t\t\t<aside class=\"chronologie__view__content__item__aside\">\n\t\t\t\t\t\t\t<div class=\"chronologie__view__content__item__aside__content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/institutdelafinancedurable.com\/wp-content\/uploads\/2025\/02\/20494-og-image.cb68db16de24.webp\" alt=\"\" \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/aside>\n\t\t\t\t\t\t<div class=\"chronologie__view__content__item__infos\">\n\t\t\t\t\t\t\t<div class=\"wysiwyg\">\n\t\t\t\t\t\t\t\t<h2 class='mb-2 mt-6 text-lg first:mt-3'>Finance for Tomorrow launches Sustainable Finance Observatory<\/h2>\n<p>In response to the D\u00e9claration de Place of July 2, 2019, the French financial sector is launching the<strong>Observatoire de la Finance Durable<\/strong> on October 29, 2020, during Climate Finance Day. This initiative aims to strengthen the commitment of financial players to sustainability.<\/p>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>Observatory objectives<\/h3>\n<p>The Observatory has several key objectives:<\/p>\n<ul class='marker:text-textOff list-disc pl-8'>\n<li><strong>Transparency<\/strong>: Improve the visibility of actions undertaken by the financial sector to support the ecological transition.<\/li>\n<li><strong>Monitoring and evaluation<\/strong>: Assess the sector&#8217;s gradual transformation towards sustainable finance.<\/li>\n<li><strong>Mapping<\/strong>: Identify the achievements and commitments of financial players on sustainability issues.<\/li>\n<\/ul>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>Key features<\/h3>\n<p><strong>Web platform<\/strong>:<\/p>\n<ul>\n<li>Presents the individual public commitments of financial institutions (on a voluntary basis).<\/li>\n<li>Displays aggregated data and sector indicators on green and sustainable finance.<\/li>\n<\/ul>\n<p><strong>Scientific and expert committee<\/strong>:<\/p>\n<ul>\n<li>Composed of independent members.<\/li>\n<li>Chaired by Fields Medal winner Pierre Louis Lions.<\/li>\n<\/ul>\n<p><strong>Voluntary participation<\/strong>:<\/p>\n<ul>\n<li>355 financial players involved from the outset.<\/li>\n<li>Call for other players to join the initiative.<\/li>\n<\/ul>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>Long-term ambitions<\/h3>\n<p>The Observatory also aims to :<\/p>\n<ul class='marker:text-textOff list-disc pl-8'>\n<li>Assess the impact of financial sector initiatives on the real economy.<\/li>\n<li>Calculate the alignment of investment portfolios with the objectives of the<strong>Paris Agreement<\/strong>.<\/li>\n<li>Serve as a model for similar initiatives in other financial centers.<\/li>\n<\/ul>\n<div class='flex max-w-full flex-col flex-grow'>\n<div class='min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words text-start [.text-message+&amp;]:mt-5' dir='auto' data-message-author-role='assistant' data-message-id='46e25284-e0b3-44d0-87ff-6b4fd29494be' data-message-model-slug='gpt-4o'>\n<div class='flex w-full flex-col gap-1 empty:hidden first:pt-[3px]'>\n<div class='markdown prose w-full break-words dark:prose-invert light'>\n<p data-start='0' data-end='411' data-is-last-node='' data-is-only-node=''>In short, the launch of <strong data-start='26' data-end='66'>the Observatoire de la Finance Durable<\/strong> represents an <strong data-start='82' data-end='102'>important step<\/strong> in the <strong data-start='124' data-end='154'>French financial sector<\/strong> &#8216;s commitment to <strong data-start='164' data-end='192'>greater transparency<\/strong> and <strong data-start='200' data-end='257'>greater consideration of environmental issues<\/strong>. This initiative is part of the <strong data-start='295' data-end='336'>Paris financial center&#8217;s ongoing efforts<\/strong> to become a <strong data-start='353' data-end='410'>world leader in green and sustainable finance.<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t<article class=\"chronologie__view__content__item\">\n\t\t\t\t\t\t<aside class=\"chronologie__view__content__item__aside\">\n\t\t\t\t\t\t\t<div class=\"chronologie__view__content__item__aside__content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/institutdelafinancedurable.com\/wp-content\/uploads\/2025\/02\/karsten-wurth-ZKWgoRUYuMk-unsplash-scaled.jpg\" alt=\"\" \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/aside>\n\t\t\t\t\t\t<div class=\"chronologie__view__content__item__infos\">\n\t\t\t\t\t\t\t<div class=\"wysiwyg\">\n\t\t\t\t\t\t\t\t<h2 class='mb-2 mt-6 text-lg first:mt-3'>Article 29 of the Energy-Climate Law<\/h2>\n<p>Adopted in 2021,<strong>Article 29<\/strong> of the <strong>Energy-Climate Law<\/strong> strengthens <strong>ESG<\/strong> (Environmental, Social and Governance) <strong>reporting<\/strong> requirements for French financial players. This development aims to improve transparency and align French practices with European regulations, notably the <strong>Sustainable Finance Disclosure Regulation (SFDR)<\/strong> and the <strong>European Taxonomy<\/strong>.<\/p>\n<h4>Main objectives<\/h4>\n<p data-start='0' data-end='189'><strong data-start='2' data-end='16'>Article 29<\/strong> aims to<strong data-start='36' data-end='65'>increase transparency<\/strong> on how <strong data-start='90' data-end='112'>financial players<\/strong> integrate <strong data-start='127' data-end='143'>ESG criteria<\/strong> into their <strong data-start='155' data-end='186'>investment strategies<\/strong>.<\/p>\n<p data-start='191' data-end='321' data-is-last-node='' data-is-only-node=''>It also requires <strong data-start='214' data-end='242'>more rigorous reporting<\/strong> on <strong data-start='258' data-end='320'>climate change and biodiversity risks<\/strong>.<\/p>\n<h4 data-start='191' data-end='321'>Key requirements<\/h4>\n<p>Key ESG reporting requirements include<\/p>\n<ul class='marker:text-textOff list-disc pl-8'>\n<li>The publication of information on the integration of ESG criteria into the investment strategy.<\/li>\n<li>Providing details on the contribution of investments to the energy and ecological transition.<\/li>\n<li>Analysis of climate change and biodiversity risks.<\/li>\n<\/ul>\n<p>These requirements apply to portfolio management companies, institutional investors and other financial players exceeding certain thresholds.<\/p>\n<h4>Reporting procedures<\/h4>\n<p data-start='0' data-end='373'>The <strong data-start='4' data-end='30'>reporting procedures<\/strong> stipulate that the <strong data-start='49' data-end='70'>players concerned<\/strong> must publish an <strong data-start='90' data-end='108'>annual report<\/strong>, which must be sent to <strong data-start='135' data-end='146'>ADEME<\/strong><em data-start='148' data-end='206'>(Agence de l&#8217;environnement et de la ma\u00eetrise de l&#8217;\u00e9nergie<\/em>) and <strong data-start='213' data-end='222'>the AMF<\/strong><em data-start='224' data-end='257'>(Autorit\u00e9 des march\u00e9s financiers)<\/em>. This report must use a <strong data-start='289' data-end='311'>standardized format<\/strong> to <strong data-start='317' data-end='370'>facilitate data comparison and analysis<\/strong>.<\/p>\n<p data-start='375' data-end='773' data-is-last-node='' data-is-only-node=''><strong data-start='377' data-end='391'>Article 29<\/strong> represents a <strong data-start='407' data-end='432'>significant step forward<\/strong> in the French regulatory landscape for <strong data-start='486' data-end='505'>sustainable finance<\/strong>. By <strong data-start='510' data-end='554'>strengthening transparency requirements<\/strong>, it encourages <strong data-start='573' data-end='645'>greater consideration of climate and environmental issues<\/strong> in investment decisions, consolidating <strong data-start='704' data-end='772'>France&#8217;s position as a leader in sustainable finance<\/strong>.<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t<article class=\"chronologie__view__content__item\">\n\t\t\t\t\t\t<aside class=\"chronologie__view__content__item__aside\">\n\t\t\t\t\t\t\t<div class=\"chronologie__view__content__item__aside__content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/institutdelafinancedurable.com\/wp-content\/uploads\/2025\/02\/ifd_logotype-rgb-1200px@300ppi.jpg\" alt=\"\" \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/aside>\n\t\t\t\t\t\t<div class=\"chronologie__view__content__item__infos\">\n\t\t\t\t\t\t\t<div class=\"wysiwyg\">\n\t\t\t\t\t\t\t\t<h2 class='mb-2 mt-6 text-lg first:mt-3'>Creation of the Institute for Sustainable Finance<\/h2>\n<p data-start='0' data-end='427'>Created in <strong data-start='8' data-end='24'>October 2022<\/strong>, <strong data-start='26' data-end='62'>the Institut de la Finance Durable<\/strong>, a branch of <strong data-start='75' data-end='94'>Paris EUROPLACE<\/strong>, aims to <strong data-start='115' data-end='151'>coordinate, federate and accelerate<\/strong> the <strong data-start='167' data-end='196'>Paris financial center&#8217;<\/strong> s action to <strong data-start='205' data-end='248'>achieve the ecological transition<\/strong> and <strong data-start='255' data-end='326'>transform the economy towards a low-carbon and inclusive model<\/strong>, aligned with the objectives of <strong data-start='357' data-end='378'>the Paris Agreement<\/strong> and the <strong data-start='386' data-end='424'>Sustainable Development Goals<\/strong>.<\/p>\n<p data-start='429' data-end='606' data-is-last-node='' data-is-only-node=''>It <strong data-start='432' data-end='503'>brings together all the<\/strong> <strong data-start='510' data-end='528'>Paris financial center<\/strong> &#8216;s <strong data-start='432' data-end='503'>private, public and institutional players<\/strong>, and <strong data-start='532' data-end='567'>represents the financial center&#8217;s positions<\/strong> at <strong data-start='576' data-end='605'>European and international<\/strong> level.<\/p>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>Structure and governance<\/h3>\n<ul class='marker:text-textOff list-disc pl-8'>\n<li><strong>Chairman<\/strong>: Yves Perrier<\/li>\n<li><strong>Vice-Chairman<\/strong>: Jacques Aschenbroich<\/li>\n<li>Brings together all Paris financial market players committed to sustainable finance<\/li>\n<\/ul>\n<p>IFD is continuing the work initiated by Finance For Tomorrow, while broadening its scope of action. It focuses in particular on :<\/p>\n<ul class='marker:text-textOff list-disc pl-8'>\n<li>Preserving and financing biodiversity<\/li>\n<li>The development of impact finance<\/li>\n<li>Support for sustainable fintechs<\/li>\n<li>Defining and implementing a financing plan for the ecological transition.<\/li>\n<\/ul>\n<p>In addition, the Institute carries out important missions in the marketplace, such as acting as secretariat for the SRI label committee. The creation of the IFD in 2023 will strengthen France&#8217;s position as a leader in sustainable finance, by providing a structure dedicated to coordinating and accelerating efforts in this crucial area.<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t<article class=\"chronologie__view__content__item\">\n\t\t\t\t\t\t<aside class=\"chronologie__view__content__item__aside\">\n\t\t\t\t\t\t\t<div class=\"chronologie__view__content__item__aside__content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/institutdelafinancedurable.com\/wp-content\/uploads\/2025\/03\/thomas-reaubourg-JRUVbgJJTBM-unsplash-scaled.jpg\" alt=\"\" \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/aside>\n\t\t\t\t\t\t<div class=\"chronologie__view__content__item__infos\">\n\t\t\t\t\t\t\t<div class=\"wysiwyg\">\n\t\t\t\t\t\t\t\t<h2 class='mb-2 mt-6 text-lg first:mt-3'>Green Industry Act<\/h2>\n<p>The <strong>Green Industry Act<\/strong>, adopted in 2023, aims to meet a <strong>dual environmental and economic objective<\/strong>. It is part of the French government&#8217;s broader ecological planning framework and seeks to <strong>accelerate the mobilization of private financing<\/strong> for the <strong>ecological transition<\/strong>.<\/p>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>Main objectives<\/h3>\n<p>This law aims to :<\/p>\n<ul class='marker:text-textOff list-disc pl-8'>\n<li><strong>Accelerate the<\/strong> sustainable<strong>reindustrialization of<\/strong> France<\/li>\n<li>Promote the <strong>ecological transition<\/strong> of industry<\/li>\n<li>mobilize more <strong>private financing<\/strong> for ecological and energy transition projects<\/li>\n<\/ul>\n<h3 class='mb-2 mt-6 text-lg first:mt-3'>Key measures to mobilize private financing<\/h3>\n<p>The law introduces several measures to facilitate access to private financing for the ecological transition:<\/p>\n<ol class='marker:text-textOff list-decimal pl-8'>\n<li>Creation of the<strong>&#8216;plan d&#8217;\u00e9pargne avenir climat<\/strong>&#8216;, a long-term savings product aimed at young people, designed to raise <strong>\u20ac5 billion<\/strong> to finance the climate transition and green industry.<\/li>\n<li>Development of <strong>private equity<\/strong> in life insurance and retirement savings to strengthen the financing of unlisted companies needed for their decarbonization efforts.<\/li>\n<li>Revision of <strong>financial labels<\/strong> (SRI, Greenfin) and creation of a <strong>Triple E<\/strong> standard <strong>of European environmental excellence<\/strong> to improve the orientation of savings towards financing the transition.<\/li>\n<\/ol>\n<p>In addition, the government is planning other measures to mobilize private savings, including the creation of a new system of <strong>participatory loans<\/strong> and <strong>green bonds<\/strong> backed by a government guarantee, and the modernization of the <strong>Plan d&#8217;\u00e9pargne logement<\/strong> (PEL) to contribute more directly to the financing of thermal renovation.<\/p>\n<div class='flex max-w-full flex-col flex-grow'>\n<div class='min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words text-start [.text-message+&amp;]:mt-5' dir='auto' data-message-author-role='assistant' data-message-id='a6a1067d-ddce-469f-a881-92e7114cc041' data-message-model-slug='gpt-4o'>\n<div class='flex w-full flex-col gap-1 empty:hidden first:pt-[3px]'>\n<div class='markdown prose w-full break-words dark:prose-invert light'>\n<p data-start='0' data-end='244'>This <strong data-start='6' data-end='13'>law<\/strong> is part of a <strong data-start='33' data-end='57'>broader strategy<\/strong> aimed at <strong data-start='67' data-end='146'>coordinating the actions of manufacturers, financiers and public authorities<\/strong> to <strong data-start='152' data-end='241'>mobilize the financial resources needed for France&#8217;s ecological transition<\/strong>.<\/p>\n<p data-start='246' data-end='476' data-is-last-node='' data-is-only-node=''>It marks an <strong data-start='262' data-end='323'>important step in French industrial policy<\/strong>, seeking to <strong data-start='337' data-end='406'>reconcile economic development with environmental imperatives<\/strong>, while <strong data-start='416' data-end='447'>mobilizing private savings<\/strong> to support these objectives.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\t<!-- END OF : Composant : block-periscope-theme-section-composant-31-bloc-chronologie.php -->\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-4533","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>History of sustainable finance in France - Institut de la finance durable<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/institutdelafinancedurable.com\/en\/wp-json\/wp\/v2\/pages\/4533\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"History of sustainable finance in France - Institut de la finance durable\" \/>\n<meta property=\"og:url\" content=\"https:\/\/institutdelafinancedurable.com\/en\/history-of-sustainable-finance-in-france\/\" \/>\n<meta property=\"og:site_name\" content=\"Institut de la finance durable\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/institutdelafinancedurable.com\/en\/history-of-sustainable-finance-in-france\/\",\"url\":\"https:\/\/institutdelafinancedurable.com\/en\/history-of-sustainable-finance-in-france\/\",\"name\":\"History of sustainable finance in France - Institut de la finance durable\",\"isPartOf\":{\"@id\":\"https:\/\/institutdelafinancedurable.com\/en\/#website\"},\"datePublished\":\"2025-07-07T14:10:22+00:00\",\"dateModified\":\"2025-07-07T14:10:22+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/institutdelafinancedurable.com\/en\/history-of-sustainable-finance-in-france\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/institutdelafinancedurable.com\/en\/history-of-sustainable-finance-in-france\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/institutdelafinancedurable.com\/en\/history-of-sustainable-finance-in-france\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"http:\/\/institutdelafinancedurable.org\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"History of sustainable finance in France\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/institutdelafinancedurable.com\/en\/#website\",\"url\":\"https:\/\/institutdelafinancedurable.com\/en\/\",\"name\":\"Institut de la finance durable\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/institutdelafinancedurable.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"History of sustainable finance in France - Institut de la finance durable","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/institutdelafinancedurable.com\/en\/wp-json\/wp\/v2\/pages\/4533\/","og_locale":"en_US","og_type":"article","og_title":"History of sustainable finance in France - Institut de la finance durable","og_url":"https:\/\/institutdelafinancedurable.com\/en\/history-of-sustainable-finance-in-france\/","og_site_name":"Institut de la finance durable","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/institutdelafinancedurable.com\/en\/history-of-sustainable-finance-in-france\/","url":"https:\/\/institutdelafinancedurable.com\/en\/history-of-sustainable-finance-in-france\/","name":"History of sustainable finance in France - Institut de la finance durable","isPartOf":{"@id":"https:\/\/institutdelafinancedurable.com\/en\/#website"},"datePublished":"2025-07-07T14:10:22+00:00","dateModified":"2025-07-07T14:10:22+00:00","breadcrumb":{"@id":"https:\/\/institutdelafinancedurable.com\/en\/history-of-sustainable-finance-in-france\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/institutdelafinancedurable.com\/en\/history-of-sustainable-finance-in-france\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/institutdelafinancedurable.com\/en\/history-of-sustainable-finance-in-france\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"http:\/\/institutdelafinancedurable.org\/en\/"},{"@type":"ListItem","position":2,"name":"History of sustainable finance in France"}]},{"@type":"WebSite","@id":"https:\/\/institutdelafinancedurable.com\/en\/#website","url":"https:\/\/institutdelafinancedurable.com\/en\/","name":"Institut de la finance durable","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/institutdelafinancedurable.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/institutdelafinancedurable.com\/en\/wp-json\/wp\/v2\/pages\/4533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/institutdelafinancedurable.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/institutdelafinancedurable.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/institutdelafinancedurable.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/institutdelafinancedurable.com\/en\/wp-json\/wp\/v2\/comments?post=4533"}],"version-history":[{"count":0,"href":"https:\/\/institutdelafinancedurable.com\/en\/wp-json\/wp\/v2\/pages\/4533\/revisions"}],"wp:attachment":[{"href":"https:\/\/institutdelafinancedurable.com\/en\/wp-json\/wp\/v2\/media?parent=4533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}