Publication of carbon assessments and companies’ financing costs

Publication de bilans carbone et coût de financement des entreprises

Valentin Georges and Paul Vertier

Eco Notepad from Banque de France

Abstract: Cross-referencing the carbon assessments of French companies published on the ADEME website with their financial statements allows us to show that companies reporting higher greenhouse gas emissions subsequently have less favourable financing conditions. However, a company is penalised less if it publishes ambitious emission reduction targets.

Le croisement des bilans carbone des entreprises françaises publiés sur le site de l’ADEME et de leurs bilans sociaux permet de montrer que celles qui y publient des émissions de gaz à effet de serre plus élevées ont ensuite des conditions de financement moins favorables. Cette pénalisation est atténuée si elles publient des objectifs ambitieux de réduction de leurs émissions.

Date: 2026-07-22
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https://www.banque-france.fr/en/publications-and-s ... nies-financing-costs
https://www.banque-france.fr/fr/publications-et-st ... ment-des-entreprises

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Persistent link: https://EconPapers.repec.org/RePEc:bfr:econot:457

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