The Institute of Sustainable Finance (IFD), an offshoot of Paris Europlace, the lobby of the French financial center, called on Monday for investors to bet on the decarbonization of companies even if it means lowering their return objectives.
Bankers, insurers and other asset managers have a major role to play in the decarbonization of the economy, declared IFD president Yves Perrier, also president of the Edmond de Rothschild banking group, during a conference at the Ministry of Finance. Economy and Finance Paris.
They intervene on the one hand by allocating capital to business transformation projects (…) on the other hand by exerting pressure on companies so that they resolutely subscribe to decarbonization projects, he said. he emphasizes.
The return objective of 15% of equity forged in the 1990s (…) must of course be revised downwards, he continued.
By applying the same calculation formula as at the time – double the rates considered risk-free, those at which the State finances itself – the new objective would rather be around 6%.
This release was welcomed by the engineer and speaker Jean-Marc Jancovici, influential boss of the Shift project think tank, who was the guest of a round table in the morning.
For companies, decarbonizing activity (…) must become an ardent obligation in the same way as creating value for shareholders, Mr. Perrier also defended.
Nine years after the 2015 Paris Agreement, the time for action seems to have finally come, the theme chosen this year for this conference.
The Institute of Sustainable Finance (IFD) is dedicated to the fight against global warming within Paris Europlace. Announced in the conference program, Minister Bruno Le Maire ultimately made no intervention.
Around ten activists from the NGO Canope were invited to Bercy to denounce the funding granted by the State to deforestation, targeting a nickel mine project in which the French mining group Eramet is investing in Indonesia, according to the spokesperson of the association, Klervi Le Guenic.