BNP Paribas Asset Management (‘BNPP AM’) reinforces its commitment towards sustainable investment by launching its firm-wide Global Sustainability Strategy. This represents a step further in contributing to a sustainable future, in line with BNPP AM’s focus on delivering long-term sustainable investment returns for clients.
The Strategy details BNPP AM’s approach to sustainable investment, setting clear objectives and commitments, and focussing on three key sustainability themes: energy transition, the environment and equality (the ‘3Es’). It reinforces BNPP AM’s commitment to invest for the long term, and to engage with companies and regulators to promote best practice, as well as raise awareness about the role that finance can play in achieving a sustainable world.
The Strategy covers the four components of sustainable investment, each with its own robust implementation plan. They collectively strengthen the way that BNPP AM invests and delivers long-term returns; how investment ideas are generated; how risk is managed and how the company uses its influence with companies and markets.
The four components are:
BNPP AM has created a roadmap of commitments to implement this strategy over the next three years. In 2020, BNPP AM will introduce measurement and reporting on the impact and progress of its sustainability initiatives, introducing additional targets over time – with appropriate links to one of the 3Es and specific UN Sustainable Development Goal.
BNPP AM’s commitment to sustainability is not new: it has been a major player in sustainable investment since 2002, the year it launched its first socially responsible investment (SRI) fund. The Principles for Responsible Investment (PRI) has assigned BNPP AM an A+ rating, the highest possible, for the past three years in its annual assessment report, thereby demonstrating the firm’s commitment to sustainability.
BNPP AM’s approach is also fully in line with the Group’s leadership on sustainable finance. The Group aims in particular to finance the economy in an ethical way, promote the development of its employees, support initiatives with a social impact and play a major role in the transition toward a low carbon economy. It thereby wants to be a major contributor to the UN Sustainable Development Goals.
Frédéric Janbon, CEO of BNP Paribas Asset Management, comments: “We are at a crossroads: now is the time for decisive action by the financial community to play its part in helping to achieve the sustainable future we need, as laid out by Paris Agreement and the Sustainable Development Goals. BNPP AM is proud to take on this challenge – we believe it is in the interest of our clients and is central to our fiduciary responsibility. The Global Sustainability Strategy and related investments in our team and our systems, reflects our increased ambition and outlines a blueprint to mainstream sustainability in all that we do – through our investment processes, but also engagement with our staff, companies, policymakers and wider society. This is central to our firm’s strategy and our ability to deliver sustainable, long-term investment returns for our clients.”
Jane Ambachtsheer, Global Head of Sustainability at BNP Paribas Asset Management, comments: “As an asset manager, we have the potential to help influence world around us and adopt the role of ‘future maker’. Through our Global Sustainability Strategy, we aim to set the standard for leadership in sustainable investment. Beyond helping us to articulate and communicate our sustainable investment approach and ambition, we are defining clear objectives and targets against which we can measure success and our impact for clients and the economy. I am proud that BPNP AM is launching this ambitious strategy, and look forward to working with our investment teams, clients and peers in the industry to do our part to help deliver a low-carbon, inclusive future.”
BNP Paribas Asset Management
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About BNP Paribas Asset Management
BNP Paribas Asset Management is the asset management arm of BNP Paribas, one of the world’s foremost financial institutions. BNP Paribas Asset Management offers high value-added investment solutions to individual savers, companies, and institutional investors, thanks to a broad range of skills in four investment divisions: Equities, Fixed Income, Private Debt & Real Assets, and the Multi-Asset, Quantitative and Solutions (MAQS). Sustainability is at the heart of BNP Paribas Asset Management’s strategy and investment decisions, which make an active contribution to the energy transition, environmental protection, and the promotion of equality and inclusive growth. Its aim is to achieve long-term sustainable investment returns to its clients. BNP Paribas Asset Management has 399 billion euros* under management (as of 31 December 2018), along with more than 530 investment professionals and almost 500 client servicing specialists, serving individual, corporate and institutional clients in 71 countries.
*537 billion euros in assets under management and advisory as of 31 December 2018
Investments in the aforementioned fund are subject to market fluctuation and risks inherent in investing in securities. The value of investments and the revenue they generate can increase or decrease and it is possible that investors will not recover their initial investment. Source: BNP Paribas Asset Management.
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