BNP Paribas Asset Management has launched the BNP Paribas Easy Low Carbon 100 Eurozone PAB ETF.
BNP Paribas AM says the tracker fund meets European standards for Paris Aligned Benchmark (‘PAB’) indices and offers investors a solution to reduce the carbon footprint of their portfolios.
The index selects 100 of the leading eurozone companies in terms of reducing CO₂ emissions, according to a best in class approach, while excluding companies involved in certain business sectors, ESG controversies and those with the worst social and governance scores. Those companies actively participating in the energy transition, through the quality of their carbon performance and the positive climate impact of their business, represent at least 5% of the index. The fund is classified as SFDR Article 9.
Isabelle Bourcier, Head of Quantitative & Index Management at BNPP AM, comments:
“We are convinced that to be sustainable, the economy must move towards a low carbon model favouring the energy transition. To meet the expectations of professional and retail investors, BNP Paribas Asset Management is extending its range with the launch of this third ETF, thereby reaffirming its leadership in index solutions focused on ESG themes.”