BNP Paribas AM launches new zero equity fund

BNP Paribas Asset Management has announced the launch of its Global Net Zero Transition Equity fund.

BNP says the fund is one of the few active equity funds in the market with net-zero alignment as a primary objective achieved by reducing GHG emissions and implied temperature rise (ITR) below 2 degrees over time.

The fund consists of a portfolio selected from more than 1,000 global companies diversified by geography, size and sector, with technology, industrials and materials well represented. To select stocks in the portfolio and assess companies’ net-zero alignment, the investment team uses the BNPP AM Sustainability Centre’s proprietary net-zero alignment framework.

The fund is classified Article 8 as per SFDR and is committed to having at least 50% in holdings that qualify as ‘sustainable’ under BNPP AM SFDR implementation approach.

Nadia Grant, Head of Global Equities at BNPP AM and Portfolio Manager of the BNP Paribas Global Net Zero Transition Equity fund, said, “Net zero can be achieved through directing investments towards companies providing solutions and those adopting solutions to decarbonise and therefore contribute to net zero alignment. With this new equity fund, we aim to provide an innovative strategy aligned with BNPP AM Net Zero commitments while leveraging our social and environmental expertise and focusing on engagement.”