On 27 May 2021, the Ministry of the Economy, Finance and Recovery launched the "Impact" platform, which allows companies to publish and measure environmental, social and good governance (ESG) data. 47 indicators can be reported, including 14 environmental indicators: greenhouse gas emissions, exposure to fossil fuels, waste and water management, etc.; 23 social indicators: equity ratios, rate of disabled workers, employee financial participation (shareholding, profit-sharing), etc.; 10 governance indicators: variable part of executive remuneration linked to long-term performance or CSR criteria, company with a mission, raison d'être, etc.; and 10 social indicators: social and environmental performance. In application of the future European "CSRD" regulation, European companies with more than 250 employees will have an obligation of transparency on their ESG indicators. This platform aims to enable companies to anticipate these future developments.

A Q&A session is also available on the website. Again, in terms of local transposition of the European regulation, in France, the decree taken for the application of Article L. 533- 22-1 of the Monetary and Financial Code, in its wording resulting from Article 29 of Law No. 2019-1147 of 8 November 2019 on energy and climate (Energy and Climate Law), was published in the JORF on 28 May 2021 and came into force the day after this publication.

The decree sets out the information to be published on how environmental, social and governance (ESG) criteria, known as "sustainability factors" within the meaning of the "SFDR" regulation, are taken into account in the investment policy, in particular with regard to climate and biodiversity, and on the means to implement and contribute to the energy and ecological transition. It is applicable to credit institutions and investment firms for their portfolio management activities on behalf of third parties. For their investment advisory business, the decree specifies that they apply the provisions relating to financial advisors within the meaning of the SFDR. The information is presented in the annual report, which must be published on a dedicated page of the website. It is updated annually, unless otherwise specified. In a press release dated 2 June 2021, the Government explains that the decree aims to provide demanding information in three fundamental complementary areas, with an emphasis on the continuous improvement approach of the players, namely climate, biodiversity and ESG issues, more broadly.