Key points
After two years of investor climate reporting, covering their activities in 2016 and 2017, what lessons can be drawn from article 173-VI? In this policy brief, and based on three ongoing research projects on climate finance, I4CE takes stock of the application of article 173-VI and of its implications for the evolution of climate reporting practices and investment management. Drawing on this, I4CE makes recommendations to improve its impact at the French level. It is hoped that these recommendations will also be useful in the debate at the European Union level, while negotiations on a future “European article 173” are underway.
- At the French level, article 173-VI can be further clarified and the actors need greater support
- At the European level, EU guidelines must be at least as ambitious as article 173 and should take up the TCFD recommendations