FR – The General Directorate of the Treasury clarifies the application of Climate and Energy Law Article 29
30th May 2024

The General Directorate of the Treasury, a division of the French Ministry of Economy, Finance, and Digital and Industrial Sovereignty, has recently released a Frequently Asked Questions document regarding the implementation of Article 29 of the Climate and Energy Law. This particular article focuses on the non-financial reporting requirements for French financial institutions.

This document provides further clarification on the application of Article 29 in relation to its scope, the consolidation of information at the level of the management company, the filing of the report with the Registrar, the format and medium of the report, mandates and dedicated funds in excess of EUR 500 million, its interaction with European sustainable finance regulations, the method of calculating exposure to the fossil fuel sector and, finally, the content of the report.