The Principles for Responsible Investment (PRI), in partnership with Finance for Tomorrow and the Forum pour l’Investissement Responsable (FIR), has published a roadmap to further promote the development of sustainable finance policy in France.
This paper builds on an earlier policy roadmap written in 2018, as part of the Fiduciary Duty in the 21st Century programme. It assesses the evolution of the French sustainable finance policy framework since 2018 and proposes updated recommendations for policymakers and financial market participants. It is based on interviews with investors, policymakers, and other stakeholders active in France. The recommendations are built around five key themes.
Clarify and extend investors’ fiduciary responsibility
Encourage assessment of the sustainability outcomes of investment activities
Facilitate and promote stewardship on sustainability issues
Increase transparency for savers and beneficiaries
Reinforce France’s leadership in alignment with the Paris Agreement