BNP Paribas Asset Management has launched the Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF.

The fund is benchmarked to the MSCI ACWI SRI S-Series PAB 5% Capped Index and looks to provide investors with exposure (including both developed and emerging markets) to companies with high ESG criteria. These include pollution and waste, human capital, corporate governance and companies reducing their exposure to coal and unconventional fossil fuels. As such, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded.

BNP says the fund also aims to comply with the Paris Aligned Benchmark (PAB) targets of reducing greenhouse gas intensity by at least 50% relative to the initial investment universe and achieving an additional decarbonisation target of at least 7% each year.

The fund is classified as Article 8 as per SFDR.

Lorraine Sereyjol-Garros, Global Head of Development for ETFs & Index Funds at BNPP AM said, “We observe a strong interest from clients for SRI PAB ETFs and are proud to expand our range, particularly within our Irish ICAV. The aim is to capture long-term growth opportunities offered by global equities while integrating a serious and strong ESG approach. Between our already existing MSCI SRI World PAB ETF and this new ETF, clients will have access to both developed and emerging equity markets”.

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