The new methodology, which takes effect at the end of next month, come as ESG score providers continue to draw criticism for using inconsistent approaches that have yet to be properly regulated.
Paul Hollingsworth
BNP Paribas has appointed former a HM Treasury economist to its chief European economist position at its Markets 360 branch, based in the city.
Paul Hollingsworth joined the bank in May 2018 focussing on UK economics, but will drive the eurozone macro view under his new role.
Hollingsworth will continue to cover the UK economy alongside the European strategy team.
Before BNP Paribas, Hollingsworth held the position of senioir UK economist at Capital Economics.
“With Paul’s enthusiasm, energy and his expertise in both macro and political developments, we are confident the European Economic team will thrive under his leadership,” BNP Paribas chief global economist, Luigi Speranza, said.
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