Bank of France to Cut Coal From Direct Investments by 2024

Bloomberg Quint | Jan 19, 2021 at 9:27 PM
  • The Bank of France is taking a big step toward reducing the carbon footprint of its portfolio.
  • The change in investment rules applies only to the central bank’s portfolio of around 22 billion euros ($30 billion), and not its monetary policy operations.
  • From 2021, it will exclude all companies for which such activities account for more than 10% of sales.