BNPP AM steps up climate change commitments with tighter coal-exclusion policy

BNP Paribas Asset Management (BNPP AM) is ramping up its efforts to tackle climate change by excluding coal across all its actively managed open-ended funds. The coal-exclusion policy implies the French manager will divest from the single largest source of carbon emissions, excluding companies that derive more than 10% of their revenue from mining thermal coal and/or account for 1% or more of total global production.   The tighter exclusion policy, coming into effect at the start of 2020, will not apply just to all BNPP AM's actively managed open-ended funds but also will become the d...