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BNP Paribas Asset Management gets straight “As” from the Principles for Responsible Investment (PRI)

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BNP Paribas Asset Management
 

In the PRI’s latest Assessment Report, BNPP AM received the top A+ rating in five out of seven modules, including Strategy and Governance.

This achievement is the result of the full implementation of its Global Sustainability Strategy (GSS), published in March 2019. It comes as further recognition of BNPP AM’s leadership in sustainable investment, after achieving the highest rating among asset managers for its responsible investment strategy in ShareAction’s ‘Point of No Returns’ report published earlier this year.

BNPP AM is a pioneer in sustainable investment, having created its dedicated ESG research team as early as 2002 and becoming a founding signatory of the PRI in 2006.

Jane Ambachtsheer, Global Head of Sustainability, comments: “In 2019, we were proud to launch our Global Sustainability Strategy, which set out our ambition to be a future maker and put sustainability at the heart of what we do. We have taken numerous steps to ensure our approach is comprehensive and robust, including establishing an ESG Validation Committee to oversee the integration of ESG factors across our investment strategies. It is great to see these efforts reflected in our PRI Assessment Results. Global challenges – between the Covid pandemic, the climate crisis, and the struggle against inequality – intensify the need for investors to engage as future makers and we continue to evolve our approach across many facets of sustainable investment during 2020”.

 

Through its GSS, BNPP AM committed to apply sustainable investment across all asset classes and geographies. This involves applying four pillars of sustainable investment across its portfolios:

  1. A systematic integration of ESG considerations into investment decisions;
  2. Active stewardship (proxy voting , corporate and public policy engagement);
  3. Responsible Business Conduct Policy (norms- and sector-based exclusions);
  4. A forward-looking focus on the “3Es” (Energy Transition, Environmental Sustainability, Equality & Inclusive growth).

A fifth pillar is BNPP AM’s ‘Sustainable+’ range, which offers investors specialised ‘Enhanced ESG’, thematic and impact investing strategies. This range represents more than 10% of its AUM and makes BNPP AM the largest sustainable thematic manager in Europe*.

To achieve its ambitious strategy, BNPP AM significantly stepped up its sustainability related resources over. Since 2018, it has more than doubled the headcount in the Sustainability Centre, which now has 25 members, and created a dedicated network of 120+ ESG Champions across the firm. BNPP AM has embarked the entire company on this sustainable journey, training everyone from investments to global client group and support functions, encouraging them to incorporate sustainability into their work. See BNPP AM’s 2019 sustainability report to find out more.

PRI Score


 

The PRI initiative, backed by the United Nations, co-operates with an international network of signatories to implement the six Principles for Responsible Investment. It aims to identify the links between investment and environmental, social and governance issues, and to help signatories incorporate these issues into their investment and ownership decisions. The six Principles were designed by investors, bringing together more than 3000 signatories from more than 50 countries, representing over USD 100 trillion of assets.

Click here to access the PRI’s 2020 Assessment Report on BNPP AM.

*source Broadridge

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