Market leader in France on thematic and best-in-class funds
BNP Paribas Asset Management has come first in terms of assets under management in the top-10 of “SRI conviction” funds by asset managers, according to the latest market analysis by Novethic. The ranking by the French sustainable finance certification company underscores the attractiveness of BNPP AM’s offering of sustainable and responsible investment (SRI) solutions.
Novethic presented the league table in its latest “indicator report”, which covers 150 funds with EUR 37.6 billion in assets  sold in France and available to retail investors. The portfolios concern issuers which have been assessed on the basis of environmental, social and governance (ESG) criteria. The ranking covers thematic funds with an environmental or social focus and “best-in-class” funds, labelled SRI conviction funds by Novethic.
BNPP AM’s leading position was thanks to its water fund , Novethic said. This fund invests in shares of companies whose business is for an important part related to water – a sector expected to see many years of solid growth – with activities such as water treatment and recycling, infrastructure, and waste water sanitation and pollution control.
BNPP AM, a major player in SRI since 2002, implements its own responsible investment policy, applying ESG criteria to all its collective investments. It also implements BNP Paribas Group sector policies that ban investments in specific companies operating in controversial sectors such as wood pulp and palm oil or the nuclear industry.
As a responsible investor, BNPP AM supplements this approach by systematically exercising its voting rights at shareholder meetings and by participating in major organisations involved in these issues, thereby actively contributing to the public debate.
BNPP AM has been a member of the Institutional Investors Group on Climate Change (IIGCC) since 2003 and was a founding signatory of the Principles for Responsible Investment (PRI) in 2006. It was also one of the first mainstream investment managers to sign the Montreal Carbon Pledge, in 2015 and to join the Portfolio Decarbonization Coalition (PDC).
These actions demonstrate BNPP AM’s desire as a responsible company to take concrete action through SRI investment strategies, energy transition and climate preservation. As at 31 December 2017, BNPP AM managed nearly EUR 35 billion of assets in SRI strategies.