Pictet says USD 14bn of funds to lose top ESG designation

The investment arm of Banque Pictet & CIE SA, one of the world’s biggest ESG fund managers, will downgrade four thematic funds from the EU’s Article 9 to Article 8.
Photo: Horst Galuschka/AP/Ritzau Scanpix
Photo: Horst Galuschka/AP/Ritzau Scanpix
BY LISA PHAM, GREG RITICHIE AND FRANCES SCHWARTZKOPFF/BLOOMBERG

One of the world’s biggest managers of top-ranked ESG funds as defined under European rules is stripping the classification from roughly USD 14bn of client savings.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading