Article 29 of the Energy and Climate Law (Loi n. 2019-1147), Implementing Decree 2021-663 of 27 May 2021

Article 12 (codified at Art. L. 229-68 of the Environmental Code) prohibits advertisers from claiming that a product or service is carbon neutral, or using wording with an equivalent meaning, unless they make publicly available a GHG emissions report covering the product's direct and indirect emissions, the avoid-reduce-offset approach with a reduction trajectory and quantified annual targets, and the offsetting methods used. The environment minister can issue a formal notice and then fines of EUR 20,000 for individuals and EUR 100,000 for legal entities, raisable to the full amount spent on the unlawful operation (Art. L. 229-69).

Enforcement

Mandatory

Effective date

Law published 24 August 2021; Art. L. 229-68 Environmental Code in force since 25 August 2021; carbon-neutrality claim rules applied from 1 January 2023 (Decree 2022-539 of 13 April 2022; Art. R. 229-110 in force 1 January 2023)

Covered entities

Any advertiser making carbon neutrality or equivalent claims (zero carbon, climate neutral, fully offset) for products or services in France

In-scope parent and ordering companies must establish, publish, and effectively implement a vigilance plan covering risk mapping, supplier and subcontractor assessment, mitigation actions, an alert mechanism, and a monitoring scheme addressing human rights, health and safety, and environmental harm across the group and established business relationships. Any party with standing can give formal notice and, after three months of non-compliance, seek a court injunction and damages.

Enforcement

Mandatory

Effective date

27 March 2017; first vigilance plans required for FY2017

Covered entities

French-headquartered companies that, for two consecutive years, employ at least 5,000 employees in France (parent and direct/indirect subsidiaries) or at least 10,000 employees worldwide.

The TNFD Recommendations set out 14 disclosure recommendations covering governance, strategy, risk and impact management, and metrics and targets for nature-related risks and opportunities, structured to align with the TCFD and ISSB. Adoption is voluntary, with the LEAP approach offered as the assessment method.

Enforcement

Voluntary

Effective date

18 September 2023

Covered entities

Any organization, financial or non-financial, that chooses to adopt the framework. 802 organizations, including financial institutions with USD 26.6 trillion in AUM, had committed as TNFD Adopters, and more than 1,000 organizations across 56 countries or areas had published TNFD-aligned disclosures (TNFD 2026 Status Report, 21 September 2026)

The Act sets up a national voluntary market for biodiversity certificates, with each certificate carrying standardised information on the area, project type, threatened species and duration of the work. Participants must follow biodiversity integrity standards and notify the regulator of significant reversals.

Enforcement

Voluntary participation, mandatory rules for participants

Effective date

15 December 2023

Covered entities

Landholders, Indigenous land managers and proponents who choose to register biodiversity projects and issue Biodiversity Certificates; buyers in the voluntary market

The Guidelines set MAS' supervisory expectations for identifying, assessing, monitoring and disclosing environmental risks, expressly covering climate, pollution, land-use change and biodiversity loss. Boards and senior management must integrate these risks into governance, strategy and risk management.

Enforcement

Guidance (supervisory expectations, comply-or-explain in practice)

Effective date

ENRM Guidelines: issued 8 December 2020, effective June 2022 after an 18-month transition. Transition Planning Guidelines: issued 5 March 2026; 18-month transition from issuance (ends September 2027).

Covered entities

All banks, merchant banks and finance companies; insurers; asset managers regulated by MAS

The ISSB is proposing nature-related disclosure requirements as an IFRS Practice Statement that would sit alongside IFRS S1 and IFRS S2 and draw on the TNFD framework. Application would be optional unless a jurisdiction requires it, and an entity that applies it would state compliance with it. The Board cleared the Exposure Draft for balloting in July 2026 with a 120-day comment period and is targeting publication in October 2026.

Enforcement

Voluntary (non-mandatory Practice Statement) unless a jurisdiction requires it

Effective date

Exposure Draft targeted for October 2026 with a 120-day comment period (deadline set on publication); the final Practice Statement would be available for application from its date of issuance, with no comparative information required in the first reporting period

Covered entities

Entities applying IFRS S1 and IFRS S2 that choose to apply the Practice Statement or are required to by their jurisdiction