Are the Paris Financial Centre's commitments sufficient to address the scope of climate and biodiversity issues?
There is no sufficiently robust and exhaustive methodology available to answer this question and the Declaration does not specifically address the topic of biodiversity.
Will the various actions of the Paris Financial Centre make it possible to meet its commitments??
Already, financial players are reporting on their commitments through their various publications (ESG reports, performance statements, etc.). However, achieving the objectives of the Paris Agreement can only be successful if all stakeholders are mobilised. Businesses and public authorities must also support this transformation because finance alone will not be able to transform the economy.
What do you make of the European Taxonomy and its influence on financial-sector activities?
The European taxonomy is a key milestone in the development of sustainable finance. By establishing a common "grammar" of green and transition activities, the European Union is taking an important step and strengthening its leadership on these issues. The Observatory will seek as far as possible to align its reporting of the green share of investment and finance with this taxonomy.