BNP Paribas Asset Management (BNPP AM) has been awarded the top score of A+ in the annual UN-backed Principles for Responsible Investment (PRI) assessment report for a third consecutive year for its integration of Environmental, Social & Governance (ESG) criteria. The score confirms BNPP AM's leading position as a responsible investor and its robust of application of ESG criteria in its asset management processes.
The scoring system, established by the PRI, is in accordance with the growth of ESG internationally, highlighted in particular by hte implementation of Article 173 of the French Energy Transition Law. This requires greater transparency with regard to ESG practices, as well as the growing involvment of asset managers in the implementation of increasingly successful ESG integration initiatives.
This A+ score reflects the extent and quality of the measures introduced by BNPP AM, which is at the forefront of the 1,203 asset management companies who are signatories to the PRI, in the production and publication of ESG research within its asset management teams. It also highlights the relevance of its corporate engagement policy, its support of current initiatives aimed at encouraging companies to become more transparent about ESG issues, and welcomes the implementation of its Climate Strategy aimed at actively contributing to the fight against climate change.
Gaëtan Obert, Global Head of Sustainability Centre at BNP Paribas Asset Management comments :
“We are extremely proud to have been awarded an A+ score for a third consecutive year, demonstrating the level of excellence of our ability to integrate ESG criteria. PRI scores are now the highest standard available, allowing institutional investors and consultants to identify those asset management companies with the best ESG integration systems. The score is also evidence of our ongoing commitment as a responsible investor.”
About the Principles for Responsible Investment The United Nations-supported Principles for Responsible Investment works to understand the investment implications of environmental, social and governance factors and to support its international network of investor signatories in integrating these factors into their investment and ownership desicions. For more information, please see www.unpri.org About BNP Paribas Asset Management BNP Paribas Asset Management is the investment management arm of BNP Paribas, one of the world’s major financial institutions. Managing and advising EUR 569 billion in assets as at 31 December 2017, BNP Paribas Asset Management offers a comprehensive range of active, passive and quantitative investment solutions covering a broad spectrum of asset classes and regions. With more than 700 investment professionals and around 600 client servicing specialists, BNP Paribas Asset Management serves individual, corporate and institutional investors in 70 countries around the world. Since 2002, BNP Paribas Asset Management has been a major player in sustainable and responsible investing. About BNP Paribas Asset Management’s responsible investment approach BNP Paribas Asset Management (BNPP AM) has been a major player in sustainable and responsible investment (SRI) since 2002. BNP Paribas Asset Management has implemented its own responsible investment policy, applying environmental, social and governance (ESG) criteria to all its collective investments. It has also implemented BNP Paribas Group sector policies that ban investments in specific companies operating in controversial sectors. BNPP AM supplements this approach by systematically exercising its shareholder voting rights and through its participation in major organisations involved in these issues, thereby actively contributing to the public debate. BNPP AM has been a member of the Institutional Investors Group on Climate Change (IIGCC) since 2003 and was a founding signatory of the Principles for Responsible Investment (PRI) in 2006. BNPP AM was also one of the first mainstream investment managers to sign the Montreal Carbon Pledge, in May 2015, and to join the Portfolio Decarbonization Coalition (PDC), demonstrating its desire to take concrete action through SRI investment strategies, energy transition and climate preservation. As at 31 December 2017 BNPP AM managed nearly EUR 35 billion of assets in SRI strategies.