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BNP Paribas Asset Management

PRI reporting framework 2020

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You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » (B) Implementation: Thematic

(B) Implementation: Thematic

FI 07. Thematic investing - overview (Private)

FI 08. Thematic investing - themed bond processes

08.1. Indicate whether you encourage transparency and disclosure relating to the issuance of themed bonds as per the Green Bonds Principles, Social Bond Principles, or Sustainability Bond Guidelines..

08.2. Describe the actions you take when issuers do not disburse bond proceeds as described in the offering documents.

As explained previously if the issuer is not able to deliver an impact report describing how the proceeds have been allocated,  our decision is to downgrade the investment recommendation to OUT. That means that if the green bond was part of our green bond portfolio, the PM will sell the position within 4 weeks.

08.3. Additional information. [Optional]

Helena Viñes Fiestas, our Global Head of Stewardship and Policy and Deputy Global Head of Sustainability at BNPP AM, was appointed to the Technical Expert Group on Sustainable Finance, whose role is to assist the European Commission in the development of the EU taxonomy and the implementation of the EC Action Plan.This taxonomy aims at enforcing greater transparency in sustainable finance, to help prevent "green-" or "ESG-washing".

FI 09. Thematic investing - assessing impact

09.1. Indicate how you assess the environmental or social impact of your thematic investments.

09.2. Additional information. [Optional]

In 2019, the BNP Paribas Green Bond fund obtained the French Label GreenFin.