TOBAM Article 29 Report

The Article 29 of the Energy Climate Law (LEC) of November 8, 2019 cancels and replaces the provisions of Article 173 of the Energy Transition Law and revises, clarifies and strengthens sustainability-related financial disclosures for market players. The LEC Article 29 and its implementing decree No. 2021-663 of May 27, 2021 also align and coordinate the French regulatory framework with Regulation EU 2019/2088 on sustainability‐related disclosures in the financial services sector (SFDR).