France’s ESG policy is formulated by Autorité des Marchés Financiers, and Ministère de l’Économie et des Finances has also issued regulations on socially responsible investment.
France ranks first in Europe in terms of number and size of sustainable funds. According to the European Fund and Asset Management Association, French SFDR-based Article 8 funds account for 29% of the total market , and Article 9 funds account for 44%.
France has launched a new version of the socially responsible investment label, which aims to standardize socially responsible investments
The French regulator AMF issued a document recommending that the minimum environmental standards be included in the classification of ESG funds under SFDR to reduce the possibility of greenwashing