MiFID II and ESG preferences: a paradigm change in Europe? – BNP Paribas Asset Management

The revision of the European Union’s MiFID II directive takes effect this August and requires investment firms to assess clients’ sustainability preferences sets a regulatory priority that will impact asset management professionals in 2022 and beyond.

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... As of 2 August, financial product advisers and distributors will have to ask clients to specify their sustainability preferences. This is part of the European agenda to direct capital to companies most active in the transition to a low carbon and inclusive economy. BNP Paribas Asset Management believe this regulation is a powerful accelerator that empowers investors and improves transparency in a particularly dense regulatory environment where the fight against greenwashing is omnipresent.

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