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BNP Paribas Asset Management

PRI reporting framework 2017

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You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes » (B) Implementation: Thematic

(B) Implementation: Thematic

LEI 09. Types of sustainability thematic funds/mandates

09.1. Indicate the type of sustainability thematic funds or mandates your organisation manages.

09.2. Describe your organisation’s processes for sustainability themed funds. [Optional]

All thematic funds follow a three-step process:

1) Controversies screening.

All companies are thoroughly analysed in order to ensure that they have not been involved in controversies due to poor practices
Companies that pass this first screen are compliant to the UN Global Compact  and BNPP IP sector policies

2) ESG scoring

All companies are evaluated according to an ESG scoring process to ensure that they are actively involved with the performance of their Environmental, Social and Governance practices
This filter eliminates the bad ESG performers. We exclude all companies belonging to the last ESG decile (10% of the total universe).

3) Be part of the solution

Environmental or Social screen (depending on the fund) follows the guidelines set in our internal Sustainability Thematic Handbook, which outlines the activities  and business models that are investable for each sustainable strategy and potential controversies that may arise in any given sector . The handbook describes in detail the policies  applied e.g. biofuels first generation will be excluded except that generated from sugar cane. It also specifies all the activities included in detail. For example, in energy efficiency there are three themes included:  building energy efficiency, industrial and power. For each one, there is a specific list of which technologies are included and the conditions they need to cover (ex. Detailed below in additional information).  
Companies must have coherent activities and a turnover of min. 20% in the identified themes or 40% if they are suppliers in the value chain.


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