News & Analysis as of

France Environmental Social & Governance (ESG)

BCLP

ESG Continues to Face Courts in France

BCLP on

The CSDD Directive thus adopted goes well beyond the obligations under the French corporate law on duty of care: it widens the scope of the companies concerned and imposes heavy penalties. ...more

Morgan Lewis

The First French Court Rulings on the Duty of Vigilance

Morgan Lewis on

Since 2017, French companies of a certain size have had to draw up a vigilance plan to identify the risks associated with their business and prevent serious violations of human rights and fundamental freedoms, the health and...more

BCLP

All Washed Up - What Are the Risks for Firms That Won’t Show Greenwashing the Red Card?

BCLP on

In recent years, there has been a noticeable increase in green products and the promotion of sustainable objectives across the financial services industry. For example, we have seen much discussion of green loans, green...more

Latham & Watkins LLP

France Transposes Corporate Sustainability Reporting Directive Into Law

Latham & Watkins LLP on

As the first EU country to transpose the CSRD into national law, France will gradually replace the EFPD with sustainability reporting under the new directive. The Corporate Sustainability Reporting Directive (the CSRD)...more

A&O Shearman

How ESG, deferred prosecution and tax enforcement shape the French corporate crime landscape

A&O Shearman on

Environmental, Social and Governance (ESG) litigation continues to be a hot topic, before both the French commercial and criminal courts. The number of French-style deferred prosecution agreements (Convention Judiciaire...more

Hogan Lovells

France to transpose CSRD first among Member States: what are the new requirements?

Hogan Lovells on

Pursuant to Article 12 of Law no. 2023-171 of 9 March 2023 containing various provisions for adapting to European Union law in the fields of the economy, health, labour, transport and agriculture, French Order no. 2023-1142...more

American Conference Institute (ACI)

[Event] 9th Anti-Corruption and Corporate Social Responsibility Conference - October 9th - 10th, Puteaux, France

Hosted by C5 Group, the 9th Anti-Corruption Conference in Paris returns for another exciting year with curated programming that will shed light on important issues at the forefront....more

Cadwalader, Wickersham & Taft LLP

France and UK Announce Roadmap to Boost Biodiversity Credit Market

In June 2023, the UK and France announced a joint plan to launch a new biodiversity credits scheme. Through the Global Biodiversity Credits Roadmap, the two countries have pledged to support private sector biodiversity...more

Wilson Sonsini Goodrich & Rosati

Sustainability and ESG Advisory Practice Update, July 2023

Environmental Protection Agency (EPA) Completes the Launch of Greenhouse Gas Reduction Fund Opportunities - On July 14, 2023, the EPA announced two notice of funding opportunities for up to $20 billion. Up to $14 billion...more

Cadwalader, Wickersham & Taft LLP

Global Bank Sued in France Over Fossil Fuel Financing

On February 23, three climate advocacy groups—Friends of the Earth France, Notre Affaire à Tous and Oxfam France—filed a lawsuit alleging that a global financial institution violated Article L. 225-102-4.-I of the French...more

Hogan Lovells

First court decision interpreting the French Duty of Vigilance Law

Hogan Lovells on

On 28 February 2023, the Paris Civil Court handed down in summary proceedings the first decision ever relating to the application of the French Duty of Vigilance Law. In short, the court held that the application for an...more

Cadwalader, Wickersham & Taft LLP

French Financial Regulator Calls for Review of SFDR Minimum Standards

On February 13, the Autorité des marchés financiers (AMF), the French financial regulator, proposed the introduction of legislation to establish “minimum environmental requirements” that must be met in order for financial...more

Cadwalader, Wickersham & Taft LLP

Global Food Products Company Sued Over Single-Use Plastics

Environmental nonprofit ClientEarth, with support from other activist groups, has commenced litigation in a Paris court against a global food-products company. The claimants contend that Danone has breached France’s Corporate...more

McDermott Will & Emery

IPEM 2022 | Key Takeaways

McDermott Will & Emery on

After an insightful conference in Cannes, our partners have compiled some of the key takeaways from IPEM 2022. As well as exploring the private equity landscape in the UK, Germany, France and Italy, we also explore the...more

Mintz

French Regulator Calls For Regulation of Providers of ESG Ratings and Other Services

Mintz on

The AMF, the stock market regulator in France, recently reiterated its call for stricter regulation on a Europe-wide basis of the entities providing ESG ratings and other services. Specifically, the AMF stated that the...more

WilmerHale

In Case You Missed It: Launch Links - February 2022

WilmerHale on

Some interesting links we found across the web this week: European Unicorns Raise Funding at Incredible Pace - Investments in European Unicorn companies have quadrupled year over year with companies raising over...more

Jones Day

The Impact of French and German ESG Due Diligence Laws on Business

Jones Day on

With the recently adopted SDDA, Germany joins France in imposing human rights and environmental due diligence obligations along international supply chains of large companies. The SDDA covers companies based in Germany with...more

Orrick, Herrington & Sutcliffe LLP

La gouvernance des entreprises au cœur des évolutions vers un capitalisme « responsable »

La crise financière de 2008 a amplifié la critique d’un capitalisme dont l’excessive financiarisation nuirait au relèvement des grands défis sociaux et environnementaux de notre temps. Particulièrement sensible à ces...more

McDermott Will & Emery

The New German Supply Chain Due Diligence Act (With a View Across the Border)

McDermott Will & Emery on

On 11 June 2021, the German Federal Parliament approved the draft bill on corporate due diligence in supply chains (Supply Chain Due Diligence Act), which was approved by the German Federal Council without any changes on 25...more

King & Spalding

ESG Trending Topics - France

King & Spalding on

French businesses continue to navigate the requirements of the French PACTE Act (“loi relative à la croissance et la transformation des entreprises”) passed in 2019. This legislation added a paragraph to article 1833 of the...more

Dechert LLP

AMF Doctrine Alert: Changes to the doctrine

Dechert LLP on

The Autorité des Marchés Financiers (AMF) on 11 March 2020 published a doctrine (Position/Recommendation DOC-2020-03) imposing obligations on asset managers with the aim of ensuring that information they provide to investors...more

Jones Day

French Financial Legal Committee Report Reflects on Climate Change Liability

Jones Day on

On July 19, 2020, the Legal High Committee for Financial Markets of Paris ("HCJP") issued a report on social and environmental responsibility of companies and their managers under French law. This report was initiated based...more

Skadden, Arps, Slate, Meagher & Flom LLP

ESG in 2020: A Half-Year Review

Interest in the environmental, social and governance (ESG) policies of companies and their impact on the wider community has continued to increase amongst institutional investors, retail shareholders and the media during the...more

Dechert LLP

ESG Snapshot: UPDATE: New requirements for marketing UCITS and retail-AIFs in France

Dechert LLP on

In our OnPoint dated 20 May 2020, we explained the new requirements that the French regulator (Autorité des Marchés Financiers (“AMF”)) has imposed on asset managers with the aim of ensuring that information they provide to...more

Dechert LLP

New requirements for marketing UCITS and retail-AIFs in France

Dechert LLP on

AMF Doctrine relating to sustainable finance and investor information in the collective management industry - In this OnPoint, we report on new measures required by the French regulator (Autorité des Marchés Financiers...more

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