Objectives
- Promoting investment in energy efficiency and the low-carbon economy
- Facilitate investment decisions based on environmental objectives
- Taking climate change into account in financial sector management and supervision
Financiers & Supervisors
Developed the Net-Zero Donut® framework in 2023 and 2024, a comprehensive tool designed to monitor and evaluate financial institutions' net-zero commitments, comprising over 220 indicators and validated by PARC’s Scientific and Expertise Committee.
Co-managed the Climate Transparency Hub with ADEME since 2024, a platform that collects and analyses reports from more than 800 French asset owners and managers under Article 29 LEC and SFDR, strengthening market transparency and accountability.
Supervisors
Authored the research papers Mind The Gap report - Evidence from our last 7 years of research on the demand, supply and distribution of retail sustainable financial products in Europe and Market review of environmental impact claims in France.
Financiers
- Conducted five years of systematic monitoring (2020–2024) of ESG commitments by the Paris Financial Center's institutions, in close coordination with national supervisors AMF and ACPR (Banque de France), reinforcing the credibility and comparability of voluntary climate pledges.
- Developed a French suitability assessment questionnaire and guidance to help investment firms better integrate clients’ sustainability preferences, supporting compliance with MiFID II and IDD regulatory requirements while aligning with evolving consumer expectations.
- Designed French guideline for environmental impact.
- Produced several research papers examining the disclosure of transition plans and the role of netzero financial alliances in shaping these practices, contributing to informed policy and market debates.
Impact
- Drafted a research paper analysing the use of shareholder resolutions on climate issues in France, highlighting their current limitations and proposing potential regulatory evolutions to enhance their impact.
- Conceived Climate Impact Management System (CIMS), a framework designed to help organisations, particularly financial institutions, develop and implement strategies to maximise their positive impact on climate change mitigation.
- Authored Collective investor impact in secondary markets - literature review of approximately 300 papers to provide an updated overview of what we know about collective investor impact in secondary markets through coordinated price signalling and collaborative engagement.
Javier Sandin Llorente
Senior Lead, Operations & Grant Management
Over the past fifteen years, Javier has held roles in EU and international bidding, project and contract management, as well as operations and business management across several research organisations, primarily in the UK. He has been involved in both the pre-award and post-award phases, including call identification, project management, monitoring, and reporting for R&D projects. In addition, he has volunteered as a bid writer and administrator for several NGOs working in the areas of human rights, water supply and sanitation, and education.
Nicola Stefan Koch
Head of Retail and Impact Investing
Nicola leads the Retail and Impact Investing research programme. In this role, he oversees research, policy engagement, product development, and communications focused on how individuals can invest sustainably and how markets can better meet retail investors’ sustainability goals. Before joining the Sustainable Finance Observatory, Nicola worked as a sustainability consultant and analyst, where he focused on sustainability strategy, performance analysis, and communication projects. He also managed development of a sustainability assessment methodology used in over 150 company analyses. He holds a master’s in international politics, Administration and International Relations from Zeppelin University (with a sustainable development focus) and a bachelor’s in international economics and development from the University of Bayreuth.