Reported about 6 hours ago
BNP Paribas Asset Management has announced that it will cease investment in new bonds from companies engaged in oil and gas exploration and production as part of its strategy to encourage the transition to sustainable energy. The firm will still manage existing debts and equities under specific conditions and will evaluate companies based on their climate commitments. This aligns with the broader policies of the BNP Paribas Group, which has refrained from participating in the bond issuance of these companies since 2023. The move has garnered support from sustainability advocates, marking a significant step in responsible investing.
Source: YAHOO