Carbon Certificate for the Climate Carbon Offset fund available – Q3 19

Written by vberard
Equities Fixed Income SRI

Carbon Certificate for the Climate Carbon Offset fund available – Q3 19

14 October 2019

IHS Markit has delivered the VER retirement certificate regarding the carbon offset of our THEAM Quant – Europe Climate Carbon Offset Plan fund, for the 3rd Quarter of 2019.

The THEAM Quant – Europe Climate Carbon Offset Plan Fund aims to provide capital growth over the medium term and to offset its carbon footprint (Scope 1 and 2) 1. The FCP is exposed to the performance of listed European equities with high Environmental, Social and Governance (ESG) standards, selected on the basis of their carbon footprint and energy transition strategy.

In order to achieve its objective, the Fund implements a quantitative investment strategy through the BNP Paribas Equity Europe Climate Care NTR Index, with an expected tracking error of 5% with the STOXX Europe 600 NTR index.

The carbon footprint of the portfolio is offset1 every quarter through the purchase and retirement of verified emission reduction certificates (VERs) from the Kasigau Corridor REDD+ project in Kenya, chosen by BNP Paribas for its environmental and social impact.

This quarter, the project that allowed us to compensate the carbon emissions of our fund is “The Kasigau Corridor REDD+ Project – Phase II The Community Ranches”.


The fund compensated a total of 7575 tons of CO2, and the certificate is available here.

Click on the picture to access the certificate attributed to the fund.


This strategy is available in a UCITS fund format through THEAM Quant Europe Climate Carbon Offset Plan.


Get to know more about the strategy by browsing the dedicated website.


For more information, do not hesitate to contact us.


1 Scope 1 concerns the direct emissions of companies (such as fuel consumption for example). Scope 2 concerns indirect emissions due to the business’s activity (for example the electricity supplier’s fuel consumption). Scope 3 concerns indirect emissions due to the use of products sold (such as, for example, fuel consumption by the client’s electricity supplier due to use of the product). With the current status of available data, the CO2 emissions relating to Scope 3 are difficult to access and incomplete, and can only be estimated. Scope 3 will therefore not be taken into account in the context of offsetting the group’s carbon footprint. 2Industry Classification Benchmark. 3Companies are graded into four categories in line with their carbon level (Scope 1 + Scope 2).“Intense” emitters are those whose emissions are greater than 10MtCO² equivalent.


The investments in the funds are subject to market fluctuations and the risks inherent in investments in securities. 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, the funds described being at risk of capital loss.


For a complete description and definition of risks, please consult the last available prospectus and KIID of the funds.


BNP PARIBAS ASSET MANAGEMENT France, “the investment management company,” is a simplified joint stock company with its registered office at 1 boulevard Haussmann 75009 Paris, France, RCS Paris 319 378 832, registered with the “Autorité des marchés financiers” under number GP 96002.

This material is issued and has been prepared by the investment management company. It contains opinions and statistical data that are considered lawful and correct on the day of their publication according to the economic and financial environment at the time. This document does not constitute investment advice or form part of an offer or invitation to subscribe for or to purchase any financial instrument(s) nor shall it or any part of it form the basis of any contract or commitment whatsoever.

This document is provided without knowledge of an investors’ situation. Prior to any subscription, investors should verify in which countries the financial instruments referred to in this document refers are registered and authorised for public sale. In particular financial instruments cannot be offered or sold publicly in the United States. Investors considering subscriptions should read carefully the most recent prospectus and Key Investor Information Document (KIID) agreed by the regulatory authority, available on the website. Investors are invited to consult the most recent financial reports, which are also available on the website. Investors should consult their own legal and tax advisors prior to investing. Given the economic and market risks, there can be no assurance that the financial instrument(s) will achieve its investment objectives. Their value can decrease as well as increase. In particular, changes in currency exchange rates may affect the value of an investment. Performance is shown net of management fees and is calculated using global returns with time factored in, with net dividends and reinvested interest, and does not include subscription-redemption fees, exchange rate fees or tax. Past performance is not a guarantee of future results.


All information referred to in the present document is available on