BNP Paribas has launched the Theam Quant - World Climate Carbon Offset Plan fund.
The launch of the fund follows the European version of the strategy that has reached €300m AuM since it launched in March 2019, bringing the total assets of our Theam Quant Climate Care and Sustainable Development Goals linked solutions to €1bn.
The Climate Carbon Offset Plan funds provide exposure to equity markets, by selecting only companies that demonstrate high Environmental, Social and Governance (ESG) standards, which have robust energy transition strategy and a lower carbon footprint than their benchmarks. The remaining carbon footprint of the portfolio is offset every quarter through the purchase of Verified Emission Reduction certificates, issued by the Project Kasigau Corridor REDD+ in Kenya.
European Insurance companies such as Allianz, Cardif, HDI Assicurazioni (part of the Talanx Group) and Gruppo ITAS Assicurazioni, as well as foundations and pension funds, have supported this innovative investment. They recognise the increasing need for sustainable solutions offering true environmental and social impact while also providing performance potential and liquidity.
The fund has received the Belgium Febelfin label.