Sustainable finance is the future

Sustainable finance is the future
Type of text :
Type of referral :
Own initiative
Working group :
section for economy and finance
Date d'adoption
Date adopted : 01/23/2019
Rapporteur(s) :
Guillaume DUVAL
Philippe MUSSOT

Last October, the IPCC gave a stark reminder of just how urgent it is to redirect financial flows towards the energy transition in an effort to limit global warming to 1.5°C. Otherwise the risk is that the consequences of environmental damage inflic ted by human activity will be hard to reverse. In 2013, the collapse of the Rana Plaza building in Dhaka, Bangladesh, laid bare the fact that thousands of employees for the big fashion brands were working in substandard factory conditions. At the same time, inequalities are still rife between countries at global level and are even getting worse at domestic level. One of the key factors driving such injustices is the short-termism of many financial stakeholders.