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In light of the approaching October adoption of proposed Corporate Sustainability Reporting Directive (CSRD) standards, the French Autorité des marchés financiers (AMF) assessed the quantitative climate-related indicators disclosed by companies in their non-financial statements (NFS) and presented good practices with the objective to raise awareness on climate-related issues in company reporting.

Guided by the key performance indicators (KPIs) as recommended by the European Commission’s guidelines for non-financial reporting that includes greenhouse gas (GHG) emissions, energy, physical climate risks, green financing and taxonomy, AMF’s report specifically reviewed quantitative indicators of GHG emissions, carbon neutrality commitments and the accounting impacts presented in the company financial statements of 19 French issuers in the Société des Bourses Françaises (SBF) 120 index.

The report provides several examples and points out areas of improvement in line with industry best practices. Overall, further progress is still necessary to enable clarity and understanding of the scope of implementation of climate-related commitments and the actions to achieve them.

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