BNP Paribas Asset Management was the first international asset manager to sign the Montréal Pledge in May 2015. Launched under the United Nations’ leadership, this initiative encourages investors to give greater consideration to carbon risk. Since signing the pledge, BNP Paribas Asset Management has been working to measure and publish its portfolios’ carbon footprint and gradually incorporate this risk into its investment decisions.
In 2017, BNP Paribas Asset Management calculated the carbon footprint of around 200 funds versus 100 in 2016. Some of these funds are registered in Luxembourg, but not all (others are registered only in France, in Belgium, or the Netherlands).
In addition to financial reporting, this page provides information on the investment fund’s carbon impact. A fund’s carbon footprint seeks to determine the amount of greenhouse gas (GHG) emitted by the investments selected for the fund. The footprint is measured in carbon dioxide equivalents (CO2e). This indicator assesses the global warming potential of six major greenhouse gases in CO2e.* To aid understanding, the fund’s carbon footprint is compared to common features of daily life and is also broken down by business sector.
The GHG Protocol1 establishes greenhouse gas emission reporting standards for companies. Emissions are broken down into three categories, with varying proportions depending on the company’s line of business.
> SCOPE 1 Direct emissions from the company’s facilities.
> SCOPE 2 Indirect emissions linked to the company’s energy consumption.
> SCOPE 3 Other indirect emissions, including those related to the use of its products.
To calculate a fund’s carbon footprint, companies’ CO2e emissions are added up and weighted by market capitalisation and the companies’ weight in the portfolios.
Today, the measurement of Scope 3 emissions and avoided emissions2 is not standardised or considered sufficiently reliable to be used in reporting. As a result, the calculation of a company’s carbon footprint currently focuses on Scope 1 and Scope 2 emissions. This method, however, will increase in efficiency as the data and indicators improve, with the aim of achieving greater relevance.
|BNP Paribas Actions Europe
15 kg CO2e/year
|BNP Paribas Aqua
18 kg CO2e/year
|BNP Paribas Easy Equity Momentum Europe
59.5 kg CO2e/year
|BNP Paribas Easy Equity Value Europe
79.2 kg CO2e/year
|BNP Paribas Easy MSCI UK Ex Controversial Weapons
16.3 kg CO2e/year
|BNP Paribas L1 Equity Euro
17.1 kg CO2e/year
|BNP Paribas L1 Equity Europe
14.1 kg CO2e/year
|BNP Paribas L1 Equity Italy
26.8 kg CO2e/year
|Parvest Equity Best Selection Euro
12.4 kg CO2e/year
|Parvest Equity Best Selection Europe
12 kg CO2e/year
|Parvest Equity Best Selection Europe Ex-UK
11.3 kg CO2e/year
|Parvest Equity Europe Growth
9.8 kg CO2e/year
|Parvest Equity Europe Mid Cap
4.1 kg CO2e/year
|Parvest Equity Europe Value
62.8 kg CO2e/year
|Parvest Equity World Materials
54.4 kg CO2e/year
|Parvest Equity World Telecom
3.2 kg CO2e/year
|Parvest Global Environment
11.6 kg CO2e/year
|Parvest Human Development
4.1 kg CO2e/year
|Parvest Smart Food
12.5 kg CO2e/year
|Parvest Sustainable Equity Europe
13.9 kg CO2e/year
|Parvest Sustainable Equity High Dividend Europe
20.3 kg CO2e/year
|Parworld Quant Equity Europe Guru
21.2 kg CO2e/year
Investment made in these funds are submitted to market fluctuations and risks inherent to securities investment. Value of investments and earned income may record uptrends and downtrends, and investors may not recover the full amount of initial investment. Funds described all contain a certain risk of capital loss.