Business & Finance
Business and Finance
Business and Finance
Wed, November 27, 2024
[ 05:41 PM ] - Bill Williamson
[ 05:41 PM ] - Bill Williamson
[ 05:41 PM ] - Bill Williamson
[ 05:41 PM ] - Bill Williamson
[ 05:41 PM ] - Bill Williamson
[ 05:40 PM ] - Bill Williamson
[ 05:40 PM ] - Bill Williamson
[ 05:00 PM ] - Bill Williamson
[ 04:00 PM ] - Bill Williamson
[ 03:40 PM ] - Bill Williamson
[ 02:40 PM ] - Bill Williamson
[ 02:20 PM ] - Bill Williamson
[ 02:20 PM ] - Bill Williamson
[ 01:20 PM ] - Bill Williamson
[ 12:40 PM ] - Bill Williamson
[ 12:40 PM ] - Bill Williamson
[ 12:40 PM ] - Bill Williamson
[ 12:20 PM ] - Bill Williamson
BNP Paribas' fund arm to exclude new oil and gas bonds
- BNP Paribas Asset Management will no longer invest in new bonds issued by companies involved in oil and gas exploration and production, according to a strategy update dated November.
BNP Paribas Asset Management, the investment arm of France's largest bank, has decided to exclude new bond issuances from oil and gas companies starting in 2024, as reported by Reuters on November 27, 2023. This move is part of a broader strategy to align its investment practices with the Paris Agreement's climate goals, aiming to reduce the carbon footprint of its bond portfolio. The decision reflects a growing trend among financial institutions to divest from fossil fuels in response to climate change pressures. However, the policy does not extend to existing bonds or to oil and gas companies that are significantly investing in renewable energy or have a transition plan in place. This initiative underscores BNP Paribas's commitment to sustainable finance and could influence other investors to follow suit in reevaluating their exposure to fossil fuel-related securities.
Read the Full Reuters Article at [ https://www.reuters.com/business/finance/bnp-paribas-fund-arm-exclude-new-oil-gas-bonds-2024-11-27/ ]
Read the Full Reuters Article at [ https://www.reuters.com/business/finance/bnp-paribas-fund-arm-exclude-new-oil-gas-bonds-2024-11-27/ ]
