BNP Paribas Asset Management announces the acquisition of a majority stake in leading Danish natural resources specialist International Woodland Company (‘IWC’). IWC is headquartered in Copenhagen and has more than 30 years’ experience in providing investment management and advisory services within sustainable timberland investments, agriculture investments and ecosystems services, including carbon credits and conservation projects. It oversees EUR 5.5 billion of timberland investment programmes globally. The transaction is expected to close in H1 2023 and is subject to regulatory approval by the Danish Financial Supervisory Authority.
David Vaillant, BNPP AM Executive Committee Member, comments:
“Our investment in IWC is fully aligned with our commitment to be a leading sustainable asset manager, be forward looking on sustainability-related topics with our clients and increase our focus on sustainable investment strategies, especially within private markets. It is a key component of our Net Zero and Biodiversity roadmaps, as well as being aligned with broader BNP Paribas Group initiatives to protect and restore forests and biodiversity, such as Zero Net Deforestation or Act4nature. We are seeing growing interest from our clients for investing in forestry as an asset class, and via IWC we are very pleased to be able to offer them an enhanced range of sustainable solutions that complement our existing private markets capabilities and contribute to reducing the net zero financing gap while enabling a just transition for nature.”
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