Groupe BPCE has announced that it has become a shareholder in Scope Group, Europe's leading provider of independent credit ratings, ESG analysis and fund research, thereby strengthening its European shareholder base.

'By acquiring a stake in Scope Group, Groupe BPCE wishes to support a European initiative in the ratings market, which until now has been dominated by the major Anglo-Saxon agencies', explains the French banking establishment.

A financial and extra-financial (ESG) rating agency covering all asset classes (countries, companies, public authorities, financing, etc.), Scope operates throughout Europe and has around 300 employees.

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