BNP Paribas Investment Partners (BNPP IP) has added three socially responsible investment (SRI) strategies to its Parvest fund range : Human Development, Aqua and SMaRT Food.
The two first strategies were already available to investors in France and like the third one, will be now opened to investors of more than 30 countries.
Human Development is a global equity strategy investing in companies whose business activities aim to improve people lives.
BNPP IP explained that the firms included in the fund can work towards resolving issues relating to the ageing of the population, simplify access to affordable and high-quality food, maintain a clean environment or provide affordable education and healthcare.
The Aqua strategy is managed by Impax AM, BNPP IP’s specialised environmental investment partner. It invests in international equities with exposure to the water sector value chain.
The Aqua strategy includes companies operating in the construction, renovation and maintenance of water supply facilities, and technologies and systems for water treatment and decontamination.
BNPP IP pointed out that around 20% of the assets are invested in companies operating in emerging markets.
The SMaRT Food (Sustainably Manufactured and Responsibly Transformed Food) is also a global equity fund managed by Impax AM. Assets are invested in companies across the industrial food value chain that are addressing environmental issues created by increasing global demand for food.
BNPP IP excluded of its investment universe companies whose main business activity is “producing food of a low nutritional quality, beverages with a high sugar content or any substance likely to lead to diabetes or functional disorders.”
According to the firm, assets in each of these funds currently exceed €1bn.