BNP Paribas Asset Management (BNPP AM) has bolstered its efforts in the ESG space by making its flagship fund range entirely sustainable.
The range includes SRI Best in Class, multi-factor, thematic, along with impact investing vehicles.
All strategies within this range will now incorporate the firm’s ESG integration guidelines.
The process will be adapted for each fund to meet the needs of their varied asset class, investment process as well as geographical area.
An ESG valuation committee will supervise the proposed integration methodology.
In the case of multi-factor funds, for instance, ESG scores must be 20% more compared to that of their respective benchmark indices while the carbon footprint must be 50% below the benchmark.
BNPP AM executive committee member and global head of products and strategic marketing Pierre Moulin said: “We are convinced that investing for a sustainable future is in the best long term financial interests of our clients, as well as of the global economy.
“This must be reflected in our investment approach and in our products, as we have a responsibility to provide our clients with investment solutions that can generate value and better risk-adjusted returns over the long term.
“With our fully transformed and 100% sustainable BNP Paribas Fund range, we are contributing to building a sustainable world.”