This Working paper is being submitted for review
Corporate disclosures related to climate risks are one of the ways to fight climate change by improving financial transparency for investors. An initial assessment, five years after the COP 21, of the climate disclosure practices of French companies (CAC 40) 2015-2019 will be presented by putting into perspective, on the one hand, the level of climate disclosure in relation to the recommendations of the Task Force on Climate-related Financial Disclosures, and on the other hand, the performance of these firms in terms of their climate commitment. To do so, we use two indicators: the Climate Risks and Opportunities Index (CRORI) and the CDP climate score. Our results reveal a parallel improvement of these indices with different sectoral disparities over the whole of the period. A dynamic analysis of these two indicators shows that the firms adopted different paths: 70 percent of the firms followed a path oriented towards both transparency and a positive climate commitment marked by a more or less strong improvement of both the CRORI and the CDP score. While these results are encouraging, they need to be put into perspective because these firms are still far from being carbon neutral.
Hydrogen valleys, which integrate renewable energy sources, hydrogen infrastructure, and end-use applications, play a crucial role in decarbonizing industrial energy hubs. However, the large-scale deployment of hydrogen is constrained by limited renewable electricity availability and high technology costs. A key insight from our analysis is that the merit order of hydrogen end-uses is dynamic, evolving...
Cet article propose une analyse comparative d’un fonds solidaire « 90-10 » recherchant principalement la performance financière (fonds « A ») et d’un fonds solidaire spécialisé (fonds « B »), privilégiant la création d’impacts positifs sans performance financière. Ces fonds combinent les notions d’impact et de solidarité de manière hybride : communication d’une part, pratiques de financement et de sélection d’autre...
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