The sustainable investor for a changing world

BNP Paribas Asset Management outlines roadmap for achieving net zero portfolio emissions by 2050

As a signatory to the Net Zero Asset Managers initiative, BNP Paribas Asset Management has committed to supporting the goals of net zero greenhouse gas emissions and to support investing aligned with net zero emissions by 2050. BNP Paribas Asset Management has today outlined its Net Zero Roadmap, covering the progressive alignment of its portfolio investments with the goal of reaching net zero emissions, together with associated efforts across its stewardship activities and its operations.  BNP Paribas Asset Management’s Net Zero Roadmap is based on 10 commitments targeting net zero portfolio emissions by 2050 and build on the work done by BNP Paribas Asset Management during recent years:

1. Reducing the carbon footprint of its investments by 30% by 2025, and by 50% by 2030 (against a 2019 baseline)
2. Aligning its investments with net zero, targeting 60% of in-scope investments to be in companies
    Achieving, Aligned or Aligning with Net Zero by 2030, growing to 100% by 2040
3. Exiting coal by 2030 in European Union and OECD countries and by 2040 in the rest of the world
4. Increasing investments in climate- and environmentally-themed solutions
5. Engaging with clients on their transition towards net zero investing
6. Voting for corporate climate action and for corporates to achieve net zero emissions by 2050 or sooner
7. Engaging with companies on net zero
8. Advocating for net zero-aligned national and international climate policies
9. Reducing its operational footprint, improving its energy efficiency and using more green energy
10. Reporting on its progress to stakeholders

Sandro Pierri, CEO of BNP Paribas Asset Management, comments: “Society is increasingly moving towards a net zero emissions future and as a sustainable asset manager, we also need to transition our investments to net zero in a manner that combines industry-leading financial returns for our investors with positive real-world outcomes.  We believe that moving to a low-carbon, environmentally-responsible and more just economy is essential to ensure the long-term sustainability of capital markets.  Our ability to deliver sustainable long-term returns to our clients depends on it.”

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Please note that articles may contain technical language. For this reason, they may not be suitable for readers without professional investment experience. Any views expressed here are those of the author as of the date of publication, are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may take different investment decisions for different clients. This document does not constitute investment advice. The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial outlay. Past performance is no guarantee for future returns. Investing in emerging markets, or specialised or restricted sectors is likely to be subject to a higher-than-average volatility due to a high degree of concentration, greater uncertainty because less information is available, there is less liquidity or due to greater sensitivity to changes in market conditions (social, political and economic conditions). Some emerging markets offer less security than the majority of international developed markets. For this reason, services for portfolio transactions, liquidation and conservation on behalf of funds invested in emerging markets may carry greater risk.