As the dust settles on the wave of ESG fund downgrades that swept through Europe’s investment industry, BNP Paribas has managed to climb several notches up a controversial ladder.
BNP Paribas Asset Management is now the second-biggest provider of the EU’s top environmental, social and governance fund class, known as Article 9. Its decision to ring-fence about $20bn worth of funds from downgrades helped it overtake BlackRock and Amundi in the rankings. The investment arm of Banque Pictet & Cie remains No 1...
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