BNP Paribas Asset Management (BNPP AM) has launched a quant climate carbon fund stepping up its efforts to responsible investing.
Theam Quant Europe Climate Carbon Offset Plan, available to investors in Italy, is managed using a systematic investment strategy designed to capture the performance of European liquid equities with high Environmental, Social and Governance (ESG) standards. These are selected according to their carbon footprint and the robustness of their energy transition strategy.
The fund also aims to offset the carbon footprint of this investment strategy, achieved through the use of Verified Emission Reductions certificates from the Kasigau Corridor REDD+ project, which is based in South-East Kenya and protects more than 200,000 hectares of endangered dryland forest.
The project also aims to create long-term jobs and promote sustainable sources of income by encouraging local communities to preserve the forest and its biodiversity.
The new fund is in line with the launch of BNPP AM´s Global Sustainability Strategy, which plans to reduce the environmental impacts of its operations.
Isabelle Bourcier, global head of Quantitative & Index at BNP Paribas Asset Management, says: "Sustainability is at the heart of our investment approach and we are proud to be launching the THEAM Quant Europe Climate Carbon Offset Plan. This is the first Ucits fund allowing institutional investors to offset a significant part of their investment's carbon footprint."