WENDEL 
FRENCH BUSINESS CLIMATE PLEDGE
39 major French companies take concrete action to combat climate change
Active since many years, these companies are taking concrete steps to reduce their carbon footprint through:
The use of renewable energy, notably hydro, wind or solar energy,
The systematic reduction of greenhouse gas emissions throughout the life cycle of their products,
The reduction of food waste and packaging,
The adoption of long-term investment strategies actively promoting the energy transition.
From 2016 to 2020, the 39 companies plan to invest at least 45 billion euros in industrial projects and R&D devoted to renewable energy, energy efficiency and other low carbon technologies. Over the same period, they also intend to provide bank and bond financing of at least 80 billion euros for projects contributing to the fight against climate change.
In addition, they foresee low carbon investments of 15 billion euros in new nuclear capacities and investments of 30 billion euros in natural gas as energy transition solution, planned over the next five years.
THE SIGNATORIES
Augustin de Romanet, chairman and chief executive officer of Aéroports de Paris
Patrick Kron, chairman and chief executive officer of Alstom
Philippe Varin, chairman of the AREVA board of directors
Thierry Le Hénaff, chairman and chief executive officer of Arkema
Vianney Mulliez, chairman of the Auchan supervisory board
Jean-Philippe Puig, managing director of Avril
Henri de Castries, chairman and chief executive officer of Axa
Jean-Laurent Bonnafé, chief executive officer of BNP Paribas
Georges Plassat, chairman and chief executive officer of Carrefour
Philippe Brassac, chief executive officer of Crédit Agricole SA
Emmanuel Faber, chief executive officer of Danone
Jean-Bernard Lévy, chairman and chief executive officer of EDF
Max Roche, chief executive officer of Eiffage
Philippe Salle, chairman and chief executive officer of Elior
Gérard Mestrallet, chairman and chief executive officer of Engie
Jean-Charles Decaux, chief executive officer of JCDecaux
François-Henri Pinault, chairman and chief executive officer of Kering
Véronique Laury, chief executive officer of Kingfisher
Bruno Lafont, co-chairman of the LafargeHolcim board of directors
Philippe Wahl, chairman and chief executive officer of Groupe La Poste
Gilles Schnepp, chairman and chief executive officer of Legrand
Jean-Paul Agon, chairman and chief executive officer of L'Oréal
Jean-Dominique Senard, chairman of Michelin
Stéphane Richard, chairman and chief executive officer of Orange
Maurice Lévy, chairman of the Publicis Groupe board of directors
Elisabeth Borne, chairwoman and chief executive officer of RATP
Rudy Provoost, chairman and chief executive officer of Rexel
Pierre-André de Chalendar, chairman and chief executive officer of Saint-Gobain
Olivier Brandicourt, chief executive officer of Sanofi
Jean-Pascal Tricoire, chairman and chief executive officer of Schneider Electric
Denis Kessler, chairman and chief executive officer of SCOR SE
Guillaume Pépy, chairman of the SNCF
Frédéric Oudéa, chief executive officer of Société Générale
Jean-Pierre Clamadieu, chairman of Solvay's Executive Committee and Solvay's CEO
Jean-Louis Chaussade, chief executive officer of Suez
Patrick Pouyanné, chairman of Total's Executive Committee and Total's CEO
Jacques Aschenbroich, chief executive officer of Valeo
Antoine Frérot, chairman and chief executive officer of Veolia
Xavier Huillard, chairman and chief executive officer of Vinci
In a few weeks' time, Paris will be hosting the COP21, the 21st'Conference of Parties' on climate change. In hosting this historic event, our country is underlining its commitment to and its leadership role in the fight against global warming. France's upcoming presidency of the COP21 very quickly led to a dialogue with civil society and in particular with the business world with a view to anchoring the future decisions in corporate and social reality.
The French economy is already one of the world's best performers with regard to GHG emissions on account of its very low-carbon electricity mix and what its companies have already accomplished.
In this context, the 39 French companies signatory to this document - accounting for worldwide sales of € 1200 billion and 4.4 million jobs - are today demonstrating their support of the French COP21 presidency and all governments present in Paris for the signing of an ambitious and realistic global agreement allowing us to start reducing GHG emissions in line with the target of keeping global warming down to max. +2°C, as set forth in the United Nations Framework Agreement on Climate Change (UNFCCC). They share the conviction that establishing interconnected mechanisms putting a price on carbon in the world's major economic regions is an effective way of getting business leaders to take account of the GHG emissions associated with their activities in their operating, investment and R&D decisions.
For several years now, they have been active in fighting climate change, both through reducing their own footprint as well as through supporting their customers with sustainable products and services. Incorporating the new climate order in their strategic plans and management, they have become the leaders of tomorrow's low carbon world. Among the signatory companies, 37 have undertaken to reduce their emissions, and 11 have put an internal price on CO2 to influence their investment decisions or to accelerate their attempts to reduce emissions. All are taking tangible action, in particular through:
The use of active and passive energy-efficient solutions in all areas and especially in buildings, production, transport, data storage centres and networks;
The development of new low-carbon capacities such as renewables, with a particular focus on hydroelectric, wind and solar power;
The reduction of emissions related to the production and use of (raw) materials, products or facilities throughout their life cycle;
The development of materials based on new low-carbon solutions, for instance 'clean' batteries or vehicles.
The reduction of food and packaging waste;
Long-term investment strategies and funding methods actively promoting the transition to green energy.
Between 2016 and 2020, our companies intend to channel at least € 45 billion of production and R&D investment into renewables, energy efficiency and other low-carbon technologies, and at least € 80 billion into funding projects helping fight climate change*. In addition, they foresee low carbon investments of 15 billion euros in new nuclear capacities and investments of 30 billion euros in natural gas as energy transition solution, planned over the next five years.
* These amounts include investments and bank and bond financing allowing GHG emissions to be significantly lowered or sequestrated, whether directly or indirectly. The participating companies have defined a joint methodology: under the term 'funding' they understand the financial flows used by the banking/insurance sector to support low-carbon solutions; under 'investments' they understand the capital earmarked for low-carbon solutions by the other (non-banking) companies. Each company has sent its consolidated data to the I4CE (Institute for Climate Economics), for the sole purpose of aggregating them within the context of this publication and in respect of competition rules.
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