BNP Paribas AM Launches World Climate Carbon Offset Plan Fund
January 20 2020 - 8:03AM
Dow Jones News
By Maitane Sardon
BNP Paribas SA's (BNP.FR) asset management arm said Monday that
it has launched a fund that invests in global equities with high
environmental, social and governance standards.
BNP Paribas Asset Management said the companies the fund invests
in are selected according to their carbon footprint and the
robustness of their energy-transition strategy. It said the fund
also offsets the carbon footprint of this investment strategy by
using carbon credits from the Kasigau Corridor REDD+ project, which
aims to protect endangered dryland forests and employ local workers
in southeast Kenya.
The THEAM Quant World Climate Carbon Offset Plan Fund holds 103
companies including semiconductor company Advanced Micro Devices
Inc. (AMD), pharmaceutical company Eli Lilly & Co. (LLY),
Nvidia Corp. (NVDA) and Hong Kong Exchanges & Clearing Ltd.
(0388.HK).
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
January 20, 2020 07:48 ET (12:48 GMT)
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