Responsible investment (RI) is still on the rise. According to the annual overview of the French Association of Financial Management (AFG), outstandings managed in France will reach 2,971 billion euros in 2025. This represents a increase of 4.8% compared to the previous year. A curve, however, slowing down compared to 2023 (+5.8%) and especially to 2024 (+15%). A more moderate pace of growth which can be explained in particular by less favorable market conditions and a base effect after an exceptional year.
“These figures reflect a profound transformation in investors’ expectations and practices and the continued commitment of French management companies in responsible investment“, indicates the AFG in its press release. Institutional investors (insurance companies, pension funds…) are the main players with 73% of IR outstandings, compared to 27% for private clients. In this context, the European regulatory environment appears to be a structuring lever for investment responsible.
This dynamic is part of the European Union’s SFDR regulation. Entering into force in 2021, it aims to harmonize transparency obligations and provide investors with information on the ESG characteristics of financial products. With 59% of its assets falling within this framework, French asset management is strengthening its commitment to more sustainable finance. A movement that should continue as transparency demands intensify.
