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BNP Paribas Asset Management

PRI reporting framework 2020

Export Public Responses

You are in Strategy and Governance » Asset class implementation not reported in other modules

Asset class implementation not reported in other modules

SG 16. ESG issues for internally managed assets not reported in framework

Describe how you address ESG issues for internally managed assets for which a specific PRI asset class module has yet to be developed or for which you are not required to report because your assets are below the minimum threshold.

Asset Class

Describe what processes are in place and the outputs or outcomes achieved

Fixed income - Securitised

Please refer to the fixed income module

Money market instruments

Please refer to the fixed income module.

Please note that we have an SRI Money market strategy using our Best In Class methodology: BNP PARIBAS MOIS ISR and the total AUM strategy stood at EUR 5.6 billion as of the end of 2019

Other (1) [as defined in Organisational Overview module]

Multi Asset Solution Investment team has started to integrate ESG in some of their funds by:

- using internal BNP Paribas AM's ESG expertise when they invest in direct holdings

- investing in BNP Paribas AM's in-house SRI funds

- investing in external funds with good ESG credentials assessed by Fundquest Advisors

16.2. Additional information [Optional].

In a fast changing world, our focus is on achieving long-term sustainable returns for our clients. In line with this, BNP Paribas Asset Management ("BNPP AM") is committed to integrating sustainable investment practices across all our strategies. We believe this is in the financial interest of our clients, and of the economy at large. This commitment incorporates two key components:

First, our full range of investment strategies will adopt a sustainable investment approach. This means that they will integrate the key elements of sustainable investment: comprehensive research and integration of environmental, social and governance (ESG) factors; investor stewardship; responsible business conduct and product-based exclusions; and extensive reporting

Second, we will adopt firm-wide targets for measuring and progressively aligning our investment portfolios with a sustainable future, bolstered by strong stewardship activity. We have a formal process in place to achieve this ambition.

This is not currently applied to all client mandates. In 2020, this has become the default approach for new mandates, and we will approach existing clients to seek their approval to apply the policy to existing mandates.

SG 17. ESG issues for externally managed assets not reported in framework (Not Applicable)