now loading...
Wealth Asia Connect Treasury & Capital Markets Europe ESG Forum TechTalk
ESG Investing
BNPP AM outlines net-zero transition roadmap
Investments need to combine financial returns with positive real-world outcomes
The Asset 10 Nov 2022

BNP Paribas Asset Management (BNPP AM), a signatory to the Net Zero Asset Managers initiative, has outlined its net-zero roadmap, covering the progressive alignment of its portfolio investments with the goal of reaching net-zero emissions by 2050, together with associated efforts across its stewardship activities and its operations. 

BNPP AM’s roadmap is based on 10 commitments targeting net-zero portfolio emissions by 2050:

  • Reducing the carbon footprint of its investments by 30% by 2025 and by 50% by 2030 (against a 2019 baseline)
  • 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
  • Exiting coal by 2030 in European Union and Organization for Economic Cooperation and Development countries and by 2040 in the rest of the world
  • Increasing investments in climate- and environmentally-themed solutions
  • Engaging with clients on their transition towards net-zero investing
  • Voting for corporate climate action and for corporates to achieve net-zero emissions by 2050 or sooner
  • Engaging with companies on net zero
  • Advocating for net zero-aligned national and international climate policies
  • Reducing its operational footprint, improving its energy efficiency and using more green energy
  • Reporting on its progress to stakeholders

The asset manager’s initial commitment covers €250 billion (50%) of its assets under management (AUM), and it has the twin aims of increasing the proportion of AUM included in its net-zero commitments and strengthening its targets to ensure it reaches net zero by 2050 or earlier. 

“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 financial returns for our investors with positive real-world outcomes,” says Sandro Pierri, CEO of BNPP AM. “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. ”

Conversation
Kelvin Lim
Kelvin Lim
executive director, syndicated finance
DBS
- JOINED THE EVENT -
In-person roundtable
Beyond Covid: Emerging trends in a changing lending landscape
View Highlights
Conversation
Hwee Chuan Loy
Hwee Chuan Loy
executive director, telecommunications, media and technology
DBS
- JOINED THE EVENT -
In-person roundtable
Beyond Covid: Emerging trends in a changing lending landscape
View Highlights