French asset manager BNP Paribas Asset Management (BNPP AM) has launched its first active equity fund focused on the transition to net zero.
The BNP Paribas Global Net Zero Transition Equity fund is domiciled in Luxembourg.
The portfolio will cover a broad investment universe with few stile, regional or sectorial tilts in terms of the benchmark.
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According to BNPP AM, the objective is to reduce GHG emissions and implied temperature rise below two degrees over time.
“Net zero can be achieved through directing investments towards companies providing solutions and those adopting solutions to decarbonise and therefore contribute to net zero alignment,” said Nadia Grant, head of global equities at BNPP AM and portfolio manager of the fund.
“With this new equity fund, we aim to provide an innovative strategy aligned with BNPP AM Net Zero commitments while leveraging our social and environmental expertise and focusing on engagement.”
