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Energy Transition Law

France Current 2015

The law sets out a roadmap to mitigate climate change and diversify the energy mix. The law includes ambitious targets around reducing greenhouse gas (GHG) emissions and overall energy consumption, favoring renewable energy while increasing the price of carbon.

Issuer name

Ministry of environment, energy and sea

Government ministry

Environment

More information

In art 173 it requires institutional investors to disclose how they consider environmental, social and governance issues in decision-making processes. These issues include the risks of climate change associated with carbon-intensive assets and the opportunities to invest in low-carbon and renewable energy. Investors will also need to set targets to measure progress and explain if they are not achieved. The text also obliges banks and credit providers to disclose the risks they face. Listed companies will also be required to report on the risks of climate change to their business and on the measures taken to mitigate them.

Organizations covered by the instrument

Large private and listed companies

Target organization notes

All listed companies for disposition 1; banks and credit providers for disposition 2; institutional investors for disposition 3

Industry scope

All/none specified

Industry scope notes

Investors, including Institutional investors

Disclosure venue

Annual report

ESG coverage - E (Environment)

Climate & GHG emissions, Energy

Status

Current

Country

France

Region

Europe

Date of publication

2015

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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