European Green Finance Initiatives

Extract

[...] The implementation of total transparency and good governance in the financial management of portfolios. In other words, it is essential that funds restrict themselves to the most effective strategies that combine profitability and respect for the environmental values of the portfolio. It is imperative to ban any strategy that could disrupt this balance, regardless of the leverage used. Through the example of Blackrock, one of the world's leading international asset management companies, we are faced with the symbol of progress, limits, and deviations around green finance. [...]

[...] The proportion of sustainable investments relative to the cumulative amount of investments. On the other hand, Article 9 becomes significantly more restrictive because funds classified under this article must have been created with the purpose of contributing to green finance. Therefore, their sole function must be to target green assets. For information, a sustainable investment is an investment in an activity that is consistent with ecological objectives (carbon neutrality, raw materials, water, land, water management activities . ) or social objectives (assistance to disadvantaged communities). [...]

[...] - Its implementation has been effective since late 2022. Asset managers who are too late in terms of structural reconfiguration and major decision-making will certainly have difficulties in applying this new regulation. - It strengthens the level of transparency in green finance (notably financial markets), making it complex to resort to greenwashing procedures and reinforcing the duty of honesty among financial actors. This is reflected in the publication of information on sustainability in green finance, the obligation to comply with transparency standards by taking into account the impacts on the sustainability of investments. [...]

[...] This is illustrated by the promotion of green energy and charity (or public intentions of charity). For information, the literal Anglo-Saxon translation of social responsibility is corporate social responsibility (CSR). These public announcements are very rarely followed in reality. The exploitation of rare earths has disastrous consequences for the environment, not to mention human and ethical parameters. We are therefore dealing with configurations of misleading advertising and diversion of the ecological cause. This attempt is tainted by the exploitation of the shortcomings of CSR parameters and indicators. [...]

[...] We proceed in three directions. - The consideration of sustainability risks (ESG) during the investment process. - the potentially harmful consequences on ESG, qualitative and quantitative risks related to sustainability. - the online publication of reporting data. It is necessary to publish articles or documents that present the methods of integrating sustainability risks. These are not Larry Fink's (Blackrock) annual letters where he expresses his good intentions in terms of sustainable development. Indeed, if we refer to the Arte report, it is proposed to stop Blackrock's manipulations by restricting the delivery of ETF financial products. [...]