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France

Political Groups
G20, OECD, EU
Global Climate Risk Index
52.5
Targets
World Bank Income Group
High income
Share of Global Emissions
0.71%

Documents

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·2023·Policy

Article L225-102-1 of France's Commercial Code includes provisions on non-financial disclosure obligations for companies to which the Code applies. Companies that exceed certain thresholds set by the Council of State (in Article L 225-100), are required to produce a declaration of extra-financial performance in their management reports. Companies that are mentioned in arti...

·2023·Legislative

Decree no. 2021-663, published in the Official Journal of France on May 27th 2021, implements Article 29 of the French Law on Energy and Climate. In particular,in Article 1 of the Decree, the standards on information disclosure that entities are obliged to procure are defined. Article 3.6 stipulates the disclosure of information on entities strategies for aligning with the...

·2023·Legislative

Article L533-22-1 of the Monetary and Financial Code of France was modified with the passage of France's Law 2015-992 in 2015. In the current version of Article L533-22-1, which has been in force since March 2021, portfolio management companies must include information on the risks associated with climate change (as well as on risks linked to biodiversity), as part of thei...

Legislative Process

France has a bicameral parliamentary system where legislative power belongs to the National Assembly and the Senate. The last election for the National Assembly was held in 2017, the next is scheduled for 2022. The Senate is elected indirectly by Members of Parliament and local representatives. Statute legislation may be proposed by the Council of Ministers or by Members of Parliament; the majority of bills are currently proposed by the government.

There is a strict separation between laws and regulations. Laws determine general principles and rules in domains explicitly set out in the constitution, such as civil rights, nationality and crime. They must be voted on by the Parliament and can be blocked by the Constitutional Court if it finds that the law goes against the Constitution. In this case, the law must be modified and voted on again, or abandoned. Regulations can establish rules out­side of the law’s domain or specify more precisely how to implement laws. Regulations do not need to be voted on by the Parliament.