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BNP Paribas tops survey on climate change

BNP Paribas Asset Management

BNP Paribas ranked first among Europe’s 15 largest banks for its work in the fight against climate change

In a report by ShareAction, BNP Paribas won 107 out of 162 points for its response to climate-related risk and the low-carbon transition.

The non-profit organisation said, “BNP Paribas is the clear leader in the field”. Part of the bank’s work includes engaging with external actors on climate-related issues such as policymakers, trade associations and credit rating agencies.

BNP Paribas Asset Management offers a broad range of SRI funds, including Parvest Climate Impact, which invests in companies finding solutions to global warming.

ShareAction’s report assessed banks’ performance across four key themes:

  1. Climate-related risk assessment and management
  2. Low-carbon products and services
  3. Public policy engagement and collaboration
  4. Governance structures and strategy on climate-related risks and opportunities.

The survey found that of the 15 banks assessed all consider climate-related risks and opportunities in their operations but French banks were in the lead. This is partly due to the introduction of legislative and regulatory measures in France such as Article 173, which strengthens mandatory disclosure requirements for banks on climate-related risks.

The survey was carried out between July and November 2017.

Parvest Climate Impact is a sub-fund of the Parvest sicav, UCITS V compliant, registered under Luxembourg law. Investments in the fund are subject to market fluctuations and the risks inherent in investments in securities. The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial outlay, the fund described being at risk of capital loss. For a complete description and definition of risks, consult the last available prospectus and KIID of the fund that can be downloaded from our website.

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