France’s AMF regulator names 24 members of new Climate and Sustainable Finance Commission

Sustainable finance a building block of AMF’s “#Supervision 2022” strategic plan.

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France’s AMF (Autorité des Marchés Financiers) securities regulator has announced the members of a new Climate and Sustainable Finance Commission, one of two regulatory committees that will start monitoring and evaluating the ESG and climate actions of French financial services companies.
RI reported on the creation of the Commission in August. The AMF has made sustainable finance a building block of its “#Supervision 2022” strategic plan. The 24-strong committee is comprised of professionals that the AMF says have been selected for expertise in climate risk and sustainable finance. They have been brought on board from a cross-section of companies, assets managers, ESG research houses, civil society, research and audit firms. The members, named in their individual capacities as ‘intuitu personae’, will sit on the committee for a three-year term, with possibility for renewal. The Commission will be chaired by Thierry Philipponnat, AMF Board member, and former President of FIR, the French SIF. Philipponnat was a former Secretary General of Finance Watch, the Brussels-based financial watchdog set up by a cross-party group of Members of the European Parliament (MEPs). He was a former investment banker and executive of Amnesty International, and was appointed to the AMF board back in 2013. A mirror committee for ESG and climate monitoring of activity by France’s banks and insurers is being set up by the country’s Autorité de Contrôle Prudentiel et de Résolution (ACPR), the prudential supervisory authority for banks and insurers set up in 2010 following the global financial crisis. It will consist of banking and insurance experts.
The formation of the two committees is a further indication of France tightening its supervision regime of ESG practices and reporting by French investment groups under the internationally-known Article 173 rule for action on ESG and the climate transition.The AMF Climate and Sustainable Finance Commission Members are:

  • Thierry PHILIPPONNAT, President
  • Pervenche BERES, European MEP from 1994 to 2019
  • Dominique BLANC, NATIXIS CIB
  • Candice BRENET, ARDIAN
  • Anne CHASSAGNETTE, ENGIE
  • Emmanuel DE LA VILLE, ETHIFINANCE
  • Caroline DELERABLE, EY
  • Julie EVAIN, I4CE
  • Julia HAAKE, ISS ESG
  • Bertille KNUCKEY, SYCOMORE AM
  • Jochen KRIMPHOFF, WWF
  • Michèle LACROIX, SCOR
  • Caroline LE MEAUX, AMUNDI
  • Mireille MARTINI, OCDE
  • Lise MORET, AXA IM
  • Nicolas MOTTIS, Ecole Polytechnique
  • Nicole NOTAT, VIGEO–EIRIS
  • Alice PEYRARD, VEOLIA
  • Alexandre RAMBAUD, AgroParisTech/CIRED/Université Paris-Dauphine
  • Eric SOUBEIRAN, DANONE
  • Gilles VERMOT DESROCHES, SCHNEIDER ELECTRIC
  • Helena VIÑES FIESTAS, BNP PARIBAS AM
  • Jean-Yves WILMOTTE, CARBONE 4
  • Laurent CLERC, ACPR