Summary
Details
- France
Article 29 obligations are legally binding for covered financial institutions operating in France.
Criteria:
Annual ESG/climate/biodiversity transparency report.
Reporting on portfolio GHG emissions (Scopes 1, 2 and relevant 3).
Disclosure of fossil fuel exposure and alignment with climate goals.
Integration of climate and nature-related risks into governance and strategy.
Public availability of the report and submission to relevant authorities.
Exceptions:
Smaller institutions under certain size thresholds can use simplified reporting scopes.
Entities already complying with equivalent EU reporting may reuse structures and data.
Corporate (non-financial) entities are not covered by Article 29.
Deep dive
📩 Stay ahead of climate regulation and reporting shifts
Regulatory updates, reporting standards, and new climate software — distilled into one concise weekly brief for decision-makers.
Thanks for signing up. Please check your inbox to confirm your subscription.
Practical updates. Once per week.
What’s Required
Financial institutions must publish detailed annual ESG, climate and biodiversity disclosures. Reports must explain how environmental and climate risks are integrated into strategy, governance and risk management. Required elements include: portfolio GHG metrics, alignment with the Paris Agreement, exposure to fossil fuels, principal adverse impacts, biodiversity assessments and transition/physical risk disclosure. Reports must be publicly accessible and submitted within six months after the end of the financial year.
Important Deadlines
Annual report due within six months after year-end.
Continuous publication and accessibility requirements apply year-round.
Mandatory Requirements
Article 29 obligations are legally binding for covered financial institutions operating in France.
Annual ESG/climate/biodiversity transparency report.
Reporting on portfolio GHG emissions (Scopes 1, 2 and relevant 3).
Disclosure of fossil fuel exposure and alignment with climate goals.
Integration of climate and nature-related risks into governance and strategy.
Public availability of the report and submission to relevant authorities.
Exceptions
Smaller institutions under certain size thresholds can use simplified reporting scopes.
Entities already complying with equivalent EU reporting may reuse structures and data.
Corporate (non-financial) entities are not covered by Article 29.
Current Status
Fully in force since 2021, Article 173 applies to financial institutions.
Active supervisory review by AMF/ACPR.
Expected to coexist with EU SFDR and CSRD.
Penalties for Non-Compliance
Administrative sanctions, including warnings and monetary fines.
Public naming in supervisory communications.
Possible implications for licence conditions and ESG-labelled products.
Examples of Known Violations
As of November 2025, no widely publicised enforcement cases exist; authorities mainly issue recommendations and quality reviews to improve reporting practices.
Resources
Cut through the green tape
We don't push agendas. At Net Zero Compare, we cut through the hype and fear to deliver the straightforward facts you need for making informed decisions on green products and services. Whether motivated by compliance, customer demands, or a real passion for the environment, you’re welcome here. We provide reliable information. Why you seek it is not our concern.