French giant Amundi threatens to divest SBI bonds over Adani coal mine loan

Business Standard | Nov 28, 2020 at 1:00 AM
  • One of the State Bank of India (SBI)’s investors, French giant Amundi has announced that it would sell off its SBI green bonds if the bank grants a Rs 5,000 crore loan to Adanis Carmichael coal mine in Australia.
  • The Adani Carmichael project has been opposed by climate activists due to the issue of carbon emissions.
  • It was one of the founding signatories of the Principles for Responsible Investment.