The bank details new commitments in the face of the climate crisis as the ECB will soon impose a “stress test” on Europe’s largest banks, to assess their climate and environmental risks.
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Will French banks do more for the climate? Eco guest of franceinfo on Tuesday January 18, Nicolas Théry, president of the National Confederation of Credit Mutuel, defends the action of his group and affirms that “climate risk is also financial“: “We must stop giving the impression that financial risk is the business of serious people and climate risk the business of ecologists. They are the same.“
The European Central Bank will soon impose a “stress test” on the largest European banks, to assess their climate and environmental risks: “It is very good that the ECB is subjecting us to this resistance test, because basically it is a major risk in our business.“
Concretely, the banking group, which claims 27 million customers, with in particular Crédit Mutuel and CIC, undertakes to “stop financing new infrastructure, exploration and production projects, in gas and oil“He had previously made initial commitments, on coal and unconventional hydrocarbons. But who will check that the commitments are kept?”We publicly commit“, answers Nicolas Théry, who says he is counting on the eyes of NGOs, trade unions and a mission committee, chaired by Fleur Pellerin.
Nicolas Théry also chairs the French Banking Federation. Why aren’t French banks doing more for the climate? “They are the only ones in the world to have made the commitments they made“, assures the leader, while recognizing: “We have a lot of work to do.“Settlements are developing, he says,”a common methodology” Who “is the rule against greenwashing“. But Nicolas Théry insists above all on the respect of the Paris agreements: “The International Energy Agency report [demande] -5% per year of issue. It’s a great challenge!”
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