BNP Paribas Asset Management (‘BNPP AM’) has recently outlined its Net Zero Roadmap, covering the progressive alignment of its portfolio investments with the goal of reaching net zero emissions, together with associated efforts across its stewardship activities and its operations. BNPP AM’s Net Zero 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 OECD 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
Sandro Pierri, CEO of BNPP AM, comments:
“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 industry-leading financial returns for our investors with positive real-world outcomes. 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.”
