As a leading global asset manager, BNP Paribas Asset Management is committed to being a responsible investor in all aspects of its business.
Because we believe in responsible practices for ourselves, but also for companies in which we invest, and consistent with our duty to act in the best long-term interests of our clients, we are committed to incorporating environmental, social and governance (ESG) factors into our investment decision-making and ownership practices.
This policy is consistent with BNP Paribas Asset Management’s adherence to the UN Principles for Responsible Investment (PRI) and with BNP Paribas Group’s Corporate Social Responsibility (CSR) policy.
Helping our clients achieve their investment objectives and protecting their interests
We are aware that environmental, social and governance issues may impact the value and reputation of companies in which we invest. We are committed to incorporating ESG standards in our investment criteria to the extent that the integration of such factors is consistent with our fiduciary duty to help our clients achieve their investment objectives and protect their interests.
For corporate issuers, these ESG standards are based on the 10 principles of the United Nations Global Compact. This shared framework is recognised around the world and applies to all industry sectors, based on the international conventions in the areas of human rights, labour standards, environmental stewardship and anti-corruption.
The United Nations Global Compact principles are supplemented by investment criteria for controversial sectors and products. These criteria are based on international conventions and regulations, BNP Paribas Group CSR Policies and voluntary industry standards. In each sector, we highlight mandatory requirements which have to be met for BNP Paribas Asset Management to invest and evaluate criteria which provide a framework for further analysis and dialogue with companies.
Voting at general shareholder meetings is an integral part of our investment responsibilities and a key component of the dialogue with companies in which we invest on behalf of our clients.
By exercising our voting rights, we aim to enhance the long-term value of our shareholdings and foster corporate governance best practices, social responsibility and environmental stewardship.
Promoting and developing environmental, social and governance practices
We work closely with a range of organisations dedicated to responsible investment with the aim of jointly promoting sustainability and improving our shared practices.
These organisations include:
- PRI (the United Nations-supported Principles for Responsible Investment)
- IIGCC (International Investors Group on Climate Change)
- AFG (the French Asset Management Association)
- EFAMA (European Fund and Asset Management Association)
- FIR (Forum pour l’Investissement Responsable – a French organisation that promotes Sustainable and Responsible Investment)
- EUROSIF (a leading European Sustainable and Responsible Investment organisation)
- UNEP FI (United Nations Environment Program Finance Initiative)
- EUROPEAN COMMISSION EEFIG (Energy Efficiency Financial Institution Group )
- ICGN (International Corporate Governance Network)