Monitor and evaluate the financial sector's contribution to the transition to a sustainable, resilient economy compatible with the Paris Agreement
"Climate needs finance, but finance needs to find meaning. It must serve the fight against climate change and the general interest."
Bruno Le Maire, Climate Finance Day 2019
The Observatory: a transparency initiative
- The financial sector is gradually committing itself to a global warming trajectory below 2°C and to carbon neutrality by 2050, in line with the Paris Agreement and the European Union's commitments.
- How can we ensure that the financial sector makes a real contribution to building a low-carbon economy that is resilient to climate change?
- Launched at Climate Finance Day 2019 by the Paris financial center, the Observatory is an independent organisation.
- Its mission is to contribute to the transparency, monitoring and evaluation of the transformation of French and international financial institutions.
- To this end, the Observatory hosts various studies and publishes the resulting data on its website in an open-access format.
New governance:
Since 2024, the Observatory is part of the Paris Agreement Research Commons (PARC) foundation of the Institut Louis Bachelier, and its main funder is ADEME. This new governance structure, which is closer to academic research, strengthens the independance of the Observatory, the high standards of its work and enables it to undertake the internationalisation of its studies.
Find out more about the Observatory's new gouvernance structure
There's no room for greenwashing in the battle we're waging for the climate!
Finance ClimAct: a european project
- Led by ADEME and with a budget of €18 million over the period 2019-2024, the Finance ClimAct project is developing the tools, methods and knowledge needed to integrate environmental objectives into the investment choices of savers and the decision-making processes of financial institutions and their supervisors.
- The Observatory is one of Finance ClimAct's achievements.
- Find out more about Finance ClimAct
July 2019, a new step for green and sustainable finance
- At the Paris Europlace meeting on July 2nd, 2019, attended by the Minister of the Economy and Finance, Bruno Le Maire, the organisations representing the Paris financial centre announced in a joint statement new commitments to combat climate change. The Observatory was created on this occasion.
- Read the declaration
"We are losing the battle against climate change!"
Data from the Observatory
The Net-Zero Donut
The Net-Zero Donut is a visual and holistic monitoring tool for financial players who are members of the Net-Zero Alliances. These alliances were created following COP-26 in Glasgow in 2021. The Observatory has taken up and completed the transition plan framework proposed by the alliances to analyse the alignment of players with the carbon neutrality objectives.
Analysis of sustainability regulatory data
The Observatory opens up a new field of analysis using data contained in the regulatory reports of financial institutions: "29 LEC reports" of French players and Pillar 3 ESG reports of European banks.
Monitoring the ESG commitments of financial players
What is Sustainable Finance?
