BNP Paribas Asset Management (BNPP AM) announced today the launch of BNP Paribas Easy Low Carbon 300 World PAB UCITS ETF, a new thematic index fund aimed at providing investors with exposure to a global portfolio of companies reducing emissions and providing low carbon solutions.
The new ETF tracks the Low Carbon 300 World PAB index, administered by Euronext. The index consists of 300 best-in-class international companies, who are leading their industries in reducing CO2 emissions. The index has a 15% allocation to companies which generate at least half of their revenue from renewable energy or the development of low carbon technologies. The index is in line with the Paris Aligned Benchmark, and the new ETF is classified as Article 9 according to the SFDR.
Isabelle Bourcier, Head of Quantitative & Index Management at BNPP AM, said:
“The increasing awareness of climate issues among savers, coupled with regulatory changes, is generating high expectations on their part, which is why we have chosen to expand the geographical exposure of our low carbon index offering internationally. With the launch of this ETF, BNPP AM is affirming its leadership in thematic index solutions, and is expanding its range, which already includes index funds and ETFs on the themes of the circular economy (2019), blue economy (2020) and Environmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. infrastructure (2020).”
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