BNP Paribas has launched the Climate Impact Infrastructure Debt fund designed to finance climate change mitigation.

The fund will invest in European investment grade debt that supports energy transition projects focusing on renewable energy, clean mobility and the circular economy, including new sectors such as batteries, hydrogen and carbon capture. The fund, managed by BNPP AM’s Private Assets division, is classified as Article 9 under SFDR and is targeting EUR 500-750 million from institutional investors.

Karen Azoulay, Head of Real Assets at BNPP AM Private Assets, says, “Since the establishment of our Private Assets investment division, environmental solutions have been a key strategic focus. The launch of Climate Impact Infrastructure Debt confirms this and marks a significant step forward in our ongoing efforts to support financing the transition to a low carbon economy and offering our clients BNP Paribas’ unique origination capacity within this asset class.”

Olivier Hereil, Deputy CEO for Asset Management at BNP Paribas Cardif, says, “As a responsible investor, we are proud to collaborate on the launch of Climate Impact Infrastructure Debt. Echoing BNP Paribas Group’s energy transition policy, our conviction at BNP Paribas Cardif is that it is essential to manage policyholders’ savings with a long-term perspective by combining financial performance with a positive impact on society. This new investment is part of our commitment to allocate an average of EUR 1 billion per year to positive impact investments by the end of 2025.”

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