BNP Paribas urges investors to pressure politicians on climate rules
Bank BNP Paribas has begun urging investors to press politicians to commit to the Paris Agreement with policy and make rules for net-zero targets.
Investors are failing to chase strong climate policies, global head of sustainability at BNP Paribas Asset Management, Jane Ambachtsheer, told Bloomberg.
Instead of chasing policies, however, investors should start chasing politicians to help identify policies that support business and communities to speed up the transition, the sustainability lead added.
As the world’s eighth-largest bank by total assets, the move would help pressure fossil fuel heavyweights.