Every first day of the month brings changes that affect household finances. Mars is no exception to the tradition.
Reform of the ISR label, Law I
It’s Friday the 1stum March, as the Revision of the ISR label (socially responsible investing), a “buffer” created in 2016 by the Ministry of Economic Affairs, from which 1,229 investment funds with total assets of 780 billion euros currently benefit (Ministry figures as of the end of January 2024).
New features include: The label is now displayed “Exclusions”which means that funds must prohibit certain areas of activity (completely or almost as the case may be).
In particular, they are now asked not to invest in companies that are developing new projects related to fossil fuels (exploration, extraction, refining or transportation), but also in companies whose activity is linked to the extraction of coal and unconventional oil or gas (shale ) is connected to gas, oil from tar sands, fossil resources of the Arctic, etc.).
“The exclusions are far from the only novelty, but it is an important clarification for savers. The general public does not expect to find a player like TotalEnergies in ISR investments, but that was sometimes the case with the old reference of the label.”notes Grégoire Cousté, general delegate of the Forum for Responsible Investment.
The entry into force of the reform currently only affects new funds with the designation from March, “Old funds that have already been designated have until the end of 2024 to meet the requirements.”emphasizes Michèle Pappalardo, President of the ISR Label Committee.
End of the “mega promotions” for hygiene, cleaning and beauty products
For groceries, promotions were already limited to 34% (of the retail price), starting March 1um This cap will be extended in March “High consumption products” In general. In practice, these are mainly cleaning products (detergent, etc.), hygiene products (toothpaste, soap, diapers, etc.) and beauty products (make-up, etc.). The measurement is taken from the Law known as EGalim 3 or Descrozaille from March 30, 2023.
RSA depends on 15 hours of activity across 47 departments
From March, active solidarity income (RSA) will be conditioned on at least fifteen hours of weekly activity is being tested in 47 departmentsaround eighteen today, explains the website Service-public.fr. The Ministry of Labor, Health and Solidarity has not yet announced the names of the new participating areas.
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