2023年4月20日

来自欧盟的成为可持续性和能源转型领导者的压力继续在资产管理行业肆虐。《披露条例》(Disclosure Regulation)强制以投资基金和产品衡量可持续性程度)的实施，随着后续的发展，导致了向下的重新分类，下调了第9条中包含的大量基金的评级。但现在这些变化开始被审视。例如，据彭博社(Bloomberg)报道，法国巴黎银行(BNP Paribas)已经开始分析这些重新分类，这导致其管理下的近156亿欧元被“降级”。现在，经理将调查这些ESG基金的降级，并在改变指标后提出逆转，并分析可能的变化。他的分析将显示哪些基金，以及在他的投资组合中受影响的19只基金中有多少可能再次达到“第九条”的地位。2021年3月生效的《欧洲披露条例》(European Disclosure Regulation)要求衡量欧洲基金的可持续性程度。《规定》解释说，促进这些目标并“严格”遵守规则的投资产品应纳入“第九条”，这是最高评级。如果在这些领域遵循较不严格的标准，将被纳入“第8条”。从这个意义上讲，据彭博社(Bloomberg)报道，法国巴黎银行(BNP Paribas)人事主管兼公共事务主管帕特里克•西米恩(Patrick Simion)发了一封电子邮件，表示“符合《巴黎协定》的参考基金自动符合第9条，即使所有相关股票都不是可持续投资”。 In these statements, Simion acknowledges that some of the funds that were declassified from article 9 to 8 during the past year, “they should be able to re-grade” as the maximum grade: “We will look further to see how many of the BNPP AM funds could qualify again.” This reaction comes after a year ago it was one of the companies that carried out one of the largest ‘downgrades’ in reclassifications of sustainable funds. In the middle of a year of economic and political movements, casualties multiplied with the aim of better adapting to European regulatory changes and reduce the pressure from Brussels and when the regulatory developments of the same standard were closed and the entry into force of the Mifid verde. Pictet AM joined the list and reclassified four of its funds. The financial agency Amundi estimated the volume of assets under management that were affected by downgrades at $46 billion. The giant BlackRock, Axa, NN, Goldman, Deca, DWS and others, also lowered their standards for ‘green’ pressure during 2022. Now some of these managers, like BNP, will put their funds under scrutiny to see if there may be a new change in their portfolios and raise your standards again. According to data from the American financial services company, Morningstarthe ESG investment category ‘article 9’, at the beginning of this year came to represent 40% less than what it was in September of last year, until affecting 175,000 million euros in assets during the fourth quarter. BNP has been one of the first to consider taking a step back with its decision and will have to analyze whether the 19 index funds affected Due to the change, they will once again be in the category of greater sustainability, encompassed within article 9.