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Carbon footprint

BNP Paribas Asset Management was the first international asset manager to sign the Montréal Pledge in May 2015. Launched under the United Nations’ leadership, this initiative encourages investors to give greater consideration to carbon risk. Since signing the pledge, BNP Paribas Asset Management has been working to measure and publish its portfolios’ carbon footprint and gradually incorporate this risk into its investment decisions.

In 2017, BNP Paribas Asset Management calculated the carbon footprint of around 200 funds versus 100 in 2016. Some of these funds are registered in Luxembourg, but not all (some others are registered only in France, or in Belgium, or the Netherlands).

In addition to financial reporting, this page provides information on the investment fund’s carbon impact. A fund’s carbon footprint seeks to determine the amount of greenhouse gas (GHG) emitted by the investments selected through the fund. The footprint is measured in carbon dioxide equivalents (CO2e). This indicator assesses the global warming potential of six major greenhouse gases in CO2e.* To aid understanding, the fund’s carbon footprint is compared to common features of daily life and is also broken down by business sector.

Calculating your carbon footprint

The GHG Protocol1 establishes greenhouse gas emission reporting standards for companies. Emissions are broken down into three categories, with varying proportions depending on the company’s line of business.

> SCOPE 1 Direct emissions from the company’s facilities.

> SCOPE 2 Indirect emissions linked to the company’s energy consumption.

> SCOPE 3 Other indirect emissions, including those related to the use of its products.

To calculate a fund’s carbon footprint, companies’ CO2e emissions are added up and weighted by market capitalisation and the companies’ weight in the portfolios.

Today, the measurement of Scope 3 emissions and avoided emissions2 is not standardised or considered sufficiently reliable to be used in reporting. As a result, the calculation of a company’s carbon footprint currently focuses on Scope 1 and Scope 2 emissions. This method, however, will increase in efficiency as the data and indicators improve, with the aim of achieving greater relevance.

Carbon footprint reports of funds registered in Luxembourg

BNP Paribas Actions Europe

15 kg CO2e/year

BNP Paribas Aqua

18 kg CO2e/year

BNP Paribas Easy Equity Momentum Europe

59.5 kg CO2e/year

BNP Paribas Easy Equity Value Europe

79.2 kg CO2e/year

BNP Paribas Easy MSCI UK Ex Controversial Weapons

16.3 kg CO2e/year

BNP Paribas L1 Equity Euro

17.1 kg CO2e/year

BNP Paribas L1 Equity Europe

14.1 kg CO2e/year

BNP Paribas L1 Equity Italy

26.8 kg CO2e/year

Parvest Equity Best Selection Euro

12.4 kg CO2e/year

Parvest Equity Best Selection Europe

12 kg CO2e/year

Parvest Equity Best Selection Europe Ex-UK

11.3 kg CO2e/year

Parvest Equity Europe Growth

9.8 kg CO2e/year

Parvest Equity Europe Mid Cap

4.1 kg CO2e/year

Parvest Equity Europe Value

62.8 kg CO2e/year

Parvest Equity World Materials

54.4 kg CO2e/year

Parvest Equity World Telecom

3.2 kg CO2e/year

Parvest Global Environment

11.6 kg CO2e/year

Parvest Human Development

4.1 kg CO2e/year

Parvest Smart Food

12.5 kg CO2e/year

Parvest Sustainable Equity Europe

13.9 kg CO2e/year

Parvest Sustainable Equity High Dividend Europe

20.3 kg CO2e/year

Parworld Quant Equity Europe Guru

21.2 kg CO2e/year

  • 1. GHG Protocol: international standard for measuring greenhouse gas emissions
  • 2. The emissions avoided by a company as a result of the sale of products that enable end-customers to reduce their emissions.
Investment made in these funds are submitted to market fluctuations and risks inherent to securities investment. Value of investments and earned income may record uptrends and downtrends, and investors may not recover the full amount of initial investment. Funds described all contain a certain risk of capital loss.