Pan-European funds claiming to invest on a ESG basis may need to sell all their fossil fuel holdings following a ruling by the French government. The move could lead to billions of euros worth of forced divestments over the course of 2024.
Ehsan Khoman, Head of Research – Commodities, ESG and Emerging Markets (EMEA), contextualises the update to France’s ISR fund label rule that restricts fossil fuel investments and aims to address greenwashing concerns.
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