BNP Paribas Asset Management has launched a biodiversity ETF, offering investors exposure to companies with lower biodiversity impacts compared to peers.
The BNP Paribas Easy ESG Eurozone Biodiversity Leaders PAB UCITS ETF will replicate a Euronext index consisting of approximately 60 Eurozone stocks chosen on the basis of their impacts on biodiversity.
It listed today, 29 September, on the Euronext Paris and Deutsche Borse Xetra. It is SFDR Article 9-aligned.
Impacts on biodiversity are calculated using Iceberg Data Lab’s ‘Corporate Biodiversity Footprint’ score, according to the firm.
Portfolio companies are selected according to a ‘best-in-class’ methodology that retains 30% of companies from each sector.
Companies related to UNGC controversies or in sectors including controversial weapons; coal mining, uranium, shale gas or tobacco production are automatically excluded.
The firm said the launch was in response to investors’ growing interest in United Nations SDG 15
Denis Panel, head of multi-asset, quantitative & solutions at BNPP AM, said: “A quarter of the planet’s species are in danger of disappearing by 2050, and half of the world’s GDP is threatened by the progressive degradation of nature.
“This new ETF offers clients the opportunity to invest in companies whose potential impact on biodiversity is lower than that of their peers, while adhering to strict requirements regarding the exclusion of fossil fuels and reducing carbon intensity.”
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