How is the French banking sector addressing the impact of climate change? A case study of Three French Banks: BNP Paribas, Société Générale and BPCE / Svetlana NLEMVO / 2022

Titre : How is the French banking sector addressing the impact of climate change? A case study of Three French Banks: BNP Paribas, Société Générale and BPCE Type de document : Mémoire Auteurs : Svetlana NLEMVO, Auteur Année de publication : 2022 Importance : 39 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec cotre compte Office 365 via le bouton CONNEXION en haut de la page. Langues : Anglais (eng) Mots-clés : Management ENVIRONNEMENT ; TECHNOLOGIE FINANCIERE ; ETABLISSEMENT FINANCIER SECTEUR Résumé : The 2015 Paris Agreements, resulting from COP 21, have put the banking sector under pressure and prompted it to rethink its activities to contribute more effectively to the fight against global warming. Indeed, the banking sector plays a key role in promoting sustainable development. For instance mainly through the provision of resources to green projects and the management and distribution of sustainable responsible investment funds to ensure the funding of sustainable development goals. As a fundamental intermediary in the economy, it can influence the direction and the pace of such development by its customers, but also by its business model. For this reason, there has been extensive literature on the contribution of banks to the fight against climate change (Nassiry, 2018, Aracil et al, 2021, Tao et al, 2022). Seven years after the 2015 Paris Agreement, it is, therefore, legitimate to ask where the most polluting French banks stand concerning the challenges posed by global warming. The objective of this seminar paper is to answer the question: How is the French banking sector addressing the impact of climate change? This is done through a case study of three of the main French banks: BNP Paribas, Société Générale, and BPCE.To answer this question, we first review the international agreements governing the banking sector's consideration of climate change, as well as French legislation in this area. Then, we examine financial innovations, more particularly fintechs, insofar as they are considered to contribute incidentally to the development of more sustainable finance. We also review various attempts and initiatives in the banking sector to make it more responsible, including green fintechs, but also the emergence of responsible neo-banks as well as traditional banks positioned exclusively on ecology and responsible investments. Before concluding, the last part of the paper is devoted to studying the case of three French banks to analyze to what extent and with what strategy they are striving to respect the terms of the Paris Agreement. We do so through four components required by the Taskforce on Climate-related Financial Disclosures (TCFD): governance, strategy, risk management, and indicators and targets Programme : PGE-Reims Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=571593