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Covid-19 crisis has brought ‘social’ to the forefront of ESG investing

BNP Paribas’ sustainability lead thinks the Black Lives Matter movement has also influenced the shift

Fund managers are paying more attention to social considerations, such as labour rights and diversity, than they were prior to the outbreak of coronavirus, according to a new survey commissioned by BNP Paribas Asset Management.

The survey, which canvassed the views of 129 investment firms, found that 23% of respondents now consider Environmental, Social and Corporate Governance investing more of a focus than they did in the first quarter. The vast majority (76%) reported no change in their view of its importance.

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