Module XVIII·Article III·~2 min read

ESG in French: Rapport RSE and ESG Criteria

Financial Statements and Analysis

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ESG and RSE in French

What is RSE?

RSE (Responsabilité Sociale des Entreprises) = ESG = ESG reporting = corporate social responsibility.

In the French language, both terms are used:

  • RSE / développement durable — the traditional French term
  • ESG — anglicism, increasingly common in the financial sector

The Three Pillars of ESG in French

E — Environnemental (Environmental)

FrenchTranslation
les émissions de CO2 / gaz à effet de serre (GES)CO2 emissions / greenhouse gas emissions
l'empreinte carbonecarbon footprint
la neutralité carbonecarbon neutrality
les énergies renouvelablesrenewable energy
l'efficacité énergétiqueenergy efficiency
la biodiversitébiodiversity
l'économie circulairecircular economy
les déchets / le recyclagewaste / recycling
la consommation d'eauwater consumption

S — Social (Social)

FrenchTranslation
les conditions de travailworking conditions
la diversité et inclusion (D&I)diversity and inclusion
l'égalité professionnelle hommes/femmesgender equality at work
la santé et sécurité au travailoccupational health and safety
la formation professionnelleprofessional training
les droits de l'hommehuman rights
la chaîne d'approvisionnement responsableresponsible supply chain

G — Gouvernance (Governance)

FrenchTranslation
le conseil d'administrationboard of directors
l'indépendance des administrateursboard member independence
la transparencetransparency
la lutte contre la corruptionanti-corruption
la politique de rémunérationremuneration policy
la gestion des risquesrisk management

Key Regulatory Requirements (EU)

CSRD (Corporate Sustainability Reporting Directive, 2024): Mandatory ESG reporting for ~50,000 European companies (including subsidiaries of foreign companies in the EU).

SFDR (Sustainable Finance Disclosure Regulation): Mandatory disclosure for asset managers in the EU.

Taxonomie européenne: Classification of environmentally sustainable activities.

Example of ESG Disclosure Language

“In 2023, we reduced our CO2 emissions by 18% compared to our 2019 baseline. Our goal is to achieve carbon neutrality by 2040. We also made progress on our diversity agenda: women now represent 42% of our managers (vs. 38% in 2022).”

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