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Article

2 Mar 2020

Author:
Notre Affaire à Tous

25 French multinational corporations challenged by the NGO Notre Affaire à Tous on climate shortcomings

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This Monday, March 2nd 2020, the climate justice NGO Notre Affaire à Tous issues an unprecedented comparative legal study of the climate Vigilance Plans of 25 French multinational corporations...

Not a single company scored 100%, even though this is the only rating to ensure compliance with the law. Moreover, the average scores are extremely weak: 20 out of 25 companies did not score higher than 50/100...

In short, all reviewed companies face risks of non-compliance. As a consequence, they are required to:

- fully disclose the group's direct & indirect emissions

- recognize climate risks and their share of responsibility

- adopt a strategy compliant to the 1.5 ° C objective

- implement coherent and effective GHG reduction actions

- integrate relevant climate information into vigilance plans and finally,

- call on governments to change the rules of the economic game if companies fail to self-regulate.

These compliance steps were set down in letters of inquiry and sent to each company...

The parent companies of large transnational groups do not take all measures to reduce the direct and indirect emissions of their subsidiaries and their subcontracting chains, despite the clear obligations of the Vigilance Act.

The GHG emissions resulting from these 25 multinationals activities constitute a serious threat to the 1.5 ° C objective of the Paris Agreement...