The asset management arm of BNP Paribas has moved to strengthen its policies on high-carbon investments, today announcing tighter exclusions on companies engaged in coal mining and power generation.
The French banking giant, which manages €399bn of assets, said coal combustion was the single largest source of global warming and must be curbed to keep the Paris Agreement on track. It also stressed...
Equities overweight down to 3%
Relates to 136 million transaction reports
Patience must be a watchword
MSCI has recently increased the Chinese A-share market's inclusion factor from 5% to 20%.
Change of objective