Amundi’s USD 48bn ESG fund reveals numerous holdouts
The EU has yet to nail down a clear definition of “sustainable investment.” If it expects that 100% of a company’s activities must contribute to an environmental or social goal, Nordea would have to downgrade its fund, says Nordea Asset Management’s Head of Responsible Investments Eric Pedersen.
By Natasha White and Frances Schwartzkopff, Bloomberg
There’s an awkward realization spreading across Europe’s ESG fund-management market.
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