BNP AM

The bank for a changing world

The fund constitutes an innovative, liquid, ESG strategy aiming to offset carbon footprint and to offer returns in line with the STOXX Europe 600 index.

Investment Theme

SRI investing

Asset class

Equity

Style

Benchmarked

Funds Objective:

The THEAM Quant Europe Climate Carbon Offset Plan fund aims to provide capital growth over the medium term and to offset its carbon footprint. The fund is exposed to the performance of listed European equities with high Environmental, Social and Governance (ESG) standards and a positive financial outlook, selected on the basis of their carbon footprint and energy transition strategy. The fund’s carbon footprint is offset every quarter through the purchase of verified emission reduction certificates (VERs) from the Kasigau Corridor REDD+ project in Kenya, chosen by BNP Paribas for its environmental and social impact

Key Points:

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

  • The fund provides exposure to European companies with high ESG standards (by applying ESG filters and exclusions);
  • The selection of companies is made to ensure positive financial outlook, liquidity and risk reduction;
  • Companies are further screened on the basis of their carbon footprint and their energy-transition strategy, following a scoring method provided by Moody’s ESG Solutions;
  • The residual carbon footprint of the Fund is then offset every quarter by purchasing VER certificated from the Kasigau Corridor REDD+ Project in Kenya.

Performance data and latest documents

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Investments in the aforementioned strategies are subject to market fluctuation and risks inherent in investing in securities. The value of investments and the revenue they generate can increase or decrease and it is possible that investors will not recover their initial investment. Source: BNP Paribas Asset Management Holding, registered with the Paris Registry of Commerce and Companies under number 682 001 904 as a Limited Company with share capital of 23 041 936 euros. Registered office: 1 Boulevard Haussmann, 75009 Paris. Postal address: TSA 47000/75318 PARIS CEDEX 09