Eurizon coal policy: a shadow of what is needed

Reclaim Finance argues that Eurizon's March 2021 coal exclusion policy is insufficient due to vague definitions of 'clear direct involvement' in thermal coal and a lack of transparency regarding its implementation. The policy notably fails to address coal expansion plans and excludes index funds, 'LTE' funds, and certain mandates from its scope.

• Eurizon's coal exclusion policy is criticized for being vague and lacking transparency, as the company has not provided details on the policy's content or how it defines "clear direct involvement in thermal coal" despite requests from the press and NGOs.
• The policy is deemed inadequate because it does not explicitly prohibit investments in companies with coal expansion plans, which contrasts with the policy of its parent company, Intesa SanPaolo.
• The scope of the exclusion policy is limited, applying only to pooled products within actively managed assets while excluding mandates, index funds, and "LTE" (limited tracking error) funds.

APA

admin (2021). Eurizon coal policy: a shadow of what is needed. Reclaim Finance. https://reclaimfinance.org/site/en/2021/07/27/eurizon-coal-policy-a-shadow-of-what-is-needed/

Chicago

admin. Eurizon coal policy: a shadow of what is needed. Reclaim Finance, 2021. https://reclaimfinance.org/site/en/2021/07/27/eurizon-coal-policy-a-shadow-of-what-is-needed/.

Wikipedia

{{cite press release |last1=admin |title=Eurizon coal policy: a shadow of what is needed |publisher=Reclaim Finance |date=27 July 2021 |url=https://reclaimfinance.org/site/en/2021/07/27/eurizon-coal-policy-a-shadow-of-what-is-needed/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2021eurizon, author = {admin}, title = {{Eurizon coal policy: a shadow of what is needed}}, publisher = {Reclaim Finance}, year = {2021}, month = jul, url = {https://reclaimfinance.org/site/en/2021/07/27/eurizon-coal-policy-a-shadow-of-what-is-needed/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }