BNP Paribas Asset Management announced this Tuesday, November 27, new restrictions relating to oil and gas. The asset manager indicates that it will no longer invest in bonds issued by oil and gas exploration and production companies, reports a press release from Reclaim Finance.
«This is a historic measure which confirms and strengthens the transformation underway within the BNP Paribas group. For the first time, a giant in the asset management sector is taking note of the scientific imperative to halt the expansion of oil and gas production by acting on bond investments. This measure is crucial because bonds are one of the most important financing methods for companies in the fossil sector today.», Comments Lara Cuvelier, sustainable investments campaign manager.
The asset management subsidiary of the BNP Paribas group has just published an update of its responsible investment policy. The manager indicates that he is ending his bond investments in companies in the oil and gas sector, taking note of the scientific imperative to stop the expansion of oil and gas production, reports a press release from Reclaim Finance.
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