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BNP Paribas Funds Green Bond

(Mutual) Fund in category EAA Fund Global Bond - EUR Hedged

Latest update - 21-04-2023

Overview

General info

Manager: BNP Paribas Asset Management Luxemburg

Producttype: (Mutual) Fund

Domicile: Luxembourg

Product category: EAA Fund Global Bond - EUR Hedged

Synthetic risk & reward indicator

Low riskTypically lower rewards

High riskTypically higher rewards

Asset allocation

Liquidities
23%

Bonds
73%

Issuers

Corporates
45%

Sovereigns
32%

Other
23%

SFDR disclosure information

The EU Sustainable Finance Disclosures (SFDR) regulation requires disclosure about the proportion of sustainable investments, investments aligned with environmental or social characteristics, and other assets in the portfolio
Source: Morningstar/Sustainalytics or product manager

Investments with ESG characteristics or other
25%

Sustainable investments
75%

Product webpage

Product discloses in line with Article 9 of Regulation (EU) 2019/2088: Product with sustainable investment as its objective

Sustainability strategies used

Each investment is screened for its potential positive or negative impact on sustainability issues like nature, labour conditions and good governance (ESG). Additionally, the possible impact of sustainability events like climate change, social unrest or legal controversies on the performance of the investments, is analysed.

Integration

Exclusion of harmful activities such as weapons, tobacco, coal, unconventional oil & gas and laggard oil & gas and electricity utilities.

Exclusion

Investee companies must not violate high-level normative frameworks like the UN Global Compact, the UN Guiding Principles on Business and Human Rights, the OECD Guidelines for Multinational Enterprises, and the ILO Conventions.

Norms & standards

Best-in-class or Best-in-universe. Investing in companies with the highest ESG ratings: overall, per industry, sector or region

Best performers

Investing in companies or sectors related to a specific sustainability theme, e.g. clean energy, health, sustainable agriculture, diversity.

Thematic

Investing in companies or projects dedicated to creating concrete and measurable positive social or environmental impact through their products or services.

Impact

Underweighting investments with lower ESG scores and overweighting investments with higher ESG scores in the portfolio, relative to the product’s benchmark.

Over/ underweighting

Building the investment portfolio in such a way that overall it scores better than a benchmark on one or more ESG indicators, e.g. carbon intensity.

Beating benchmark

Another way to favour more sustainable issuers in the selection process, if recognized by the CLA.

Other

Engaging in a dialogue with companies and/or exercising voting rights in the companies invested in.
However, following this strategy as the only additional strategy is not sufficient.
For investments in the fossil fuel sector, engagement is mandatory.

Engagement

Donating part of the return of the portfolio or of the management fees to a charity or a good cause.
However, following this strategy as the only additional strategy is not sufficient.

Charity

Exposure to controversial sectors

Tobacco

0.3

In % of the portfolio.

Source: Morningstar/Sustainalytics

The bar above shows the exposure of the product (little triangle arrow) in comparison to the average exposure of the product category (line).

The portfolio's exposure to tobacco products manufacturing, related products & services, and (wholesale) distribution.
Source: Morningstar/Sustainalytics

TobaccoIn % of the portfolio.Source: Morningstar/Sustainalytics

The bar above shows the exposure of the product (little triangle arrow) in comparison to the average exposure of the product category (line).

The portfolio's exposure to military contracting, small arms production, dedicated components & services and distribution.
Source: Morningstar/Sustainalytics

WeaponsIn % of the portfolio.Source: Morningstar/Sustainalytics

The bar above shows the exposure of the product (little triangle arrow) in comparison to the average exposure of the product category (line).

The portfolio's exposure to controversial weapons production, key components & services. Controversial weapons consist of anti-personnel mines, biological and chemical weapons, cluster weapons, depleted uranium ammunition, nuclear weapons, and white phosphorus weapons.
Source: Morningstar/Sustainalytics

Controversial weaponsIn % of the portfolio.Source: Morningstar/Sustainalytics

The bar above shows the exposure of the product (little triangle arrow) in comparison to the average exposure of the product category (line).

The portfolio's exposure to thermal coal extraction.
Source: Morningstar/Sustainalytics

CoalIn % of the portfolio.Source: Morningstar/Sustainalytics

The bar above shows the exposure of the product (little triangle arrow) in comparison to the average exposure of the product category (line).

The portfolio's asset-weighted percentage revenue exposure to extraction of tar sands and Arctic oil & gas exploration.
Source: Morningstar/Sustainalytics

Controversial oil & gas extractionIn % of the portfolio.Source: Morningstar/Sustainalytics

The bar above shows the exposure of the product (little triangle arrow) in comparison to the average exposure of the product category (line).

The portfolio's asset-weighted percentage revenue exposure to oil & gas production (exploration, transportation, refining).
Source: Morningstar/Sustainalytics

Conventional oil & gas productionIn % of the portfolio.Source: Morningstar/Sustainalytics

Note that the value of this company-level indicator may not be representative as the product invests in dedicated green projects of companies in transition.

The bar above shows the exposure of the product (little triangle arrow) in comparison to the average exposure of the product category (line).

The portfolio's asset-weighted percentage revenue exposure to utilities that generate electricity by burning coal, oil or natural gas.
Source: Morningstar/Sustainalytics

Non-renewable energy generationIn % of the portfolio.Source: Morningstar/Sustainalytics

Note that the value of this company-level indicator may not be representative as the product invests in dedicated green projects of companies in transition.

The bar above shows the exposure of the product (little triangle arrow) in comparison to the average exposure of the product category (line).

The portfolio's exposure to nuclear power generation.
Source: Morningstar/Sustainalytics

Nuclear energy generationIn % of the portfolio.Source: Morningstar/Sustainalytics

Note that the value of this company-level indicator may not be representative as the product invests in dedicated green projects of companies in transition.

The bar above shows the exposure of the product (little triangle arrow) in comparison to the average exposure of the product category (line).

Adverse impact indicators

GHG intensity

214.7

187.5

1295

In tonnes per million EUR.

Source: Morningstar/Sustainalytics

Note that the value of this company-level indicator may not be representative as the product invests in dedicated green projects of companies in transition.

If data is available, the bar above shows the performance of the product (little triangle arrow) in comparison to the average performance of the product category (line).

Corporates

The amount in tonnes per million (Euro) invested for the Greenhouse Gas (GHG) scope 1 and 2 emissions that are attributable to the portfolio. The amount of emission of GHG (in tonnes) divided by the amount invested (in Euros) is known as the Carbon footprint of a portfolio. Calculated by working out for each unique holding the percentage of that company that the portfolio owns. The portfolio is therefore responsible for that portion of the company's Green house gas scope 1 and 2 emissions. Then each holdings responsible share of the Green house gas scope 1 and 2 emissions are summed to given an overall emissions in tonnes, divided by the millions (Euro) invested in total in those companies. This only includes the long portion of the holdings for which the data is available. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics

Carbon footprintIn tonnes per million EUR.Source: Morningstar/Sustainalytics

If data is available, the bar above shows the performance of the product (little triangle arrow) in comparison to the average performance of the product category (line).

The weighted average for the portfolio of the underlying holding's Greenhouse Gas (GHG) intensity scope 1 and 2. The average only includes holdings for which the Greenhouse Gas (GHG) intensity scope 1 and 2 are known. It is calculated only on the long holdings portion of the portfolio. The GHG intensity for a company is a measure of it's emissions per million (in Euros) of revenue. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics

GHG intensityIn tonnes per million EUR.Source: Morningstar/Sustainalytics

Note that the value of this company-level indicator may not be representative as the product invests in dedicated green projects of companies in transition.

If data is available, the bar above shows the performance of the product (little triangle arrow) in comparison to the average performance of the product category (line).

The percentage of the long only portfolio that is exposed to corporations that make any revenue from activities related to Fossil Fuels. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics

Fossil fuel involvementIn % of the portfolio.Source: Morningstar/Sustainalytics

Note that the value of this company-level indicator may not be representative as the product invests in dedicated green projects of companies in transition.

If data is available, the bar above shows the performance of the product (little triangle arrow) in comparison to the average performance of the product category (line).

The weighted average for the portfolio of the percentage of the underlying holding's energy consumption that comes from non-renewable sources. The average only includes holdings for which the non renewable percentage of energy consumption are known. It is calculated only on the long holdings portion of the portfolio. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics

Non-renewable energy consumptionIn % of the portfolio.Source: Morningstar/Sustainalytics

If data is available, the bar above shows the performance of the product (little triangle arrow) in comparison to the average performance of the product category (line).

The percentage of the long only portfolio that is exposed to corporations that make any revenue from activities that have a negative affect on biodiversity. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics

Negative effect on biodiversityIn % of the portfolio.Source: Morningstar/Sustainalytics

If data is available, the bar above shows the performance of the product (little triangle arrow) in comparison to the average performance of the product category (line).

The amount in tonnes per million (Euro) invested for the emissions to water that are attributable to the portfolio. Calculated by working out for each unique holding the percentage of that company that the portfolio owns. The portfolio is therefore responsible for that portion of the company's emissions to water. Then each holdings responsible share of the emissions to water are summed to given an overall emissions in tonnes, divided by the millions (Euro) invested in total in those companies. This only includes the long portion of the holdings for which the data is available. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics

Emissions to waterIn tonnes per million EUR.Source: Morningstar/Sustainalytics

If data is available, the bar above shows the performance of the product (little triangle arrow) in comparison to the average performance of the product category (line).

The weighted average of the covered holdings' water withdrawal intensity values. At the holding level, water withdrawal intensity represents the volume of water withdrawal per unit of revenue (milion USD). Water withdrawal differs from water consumption or water usage, and is defined as the total volume (in cubic meters) of water withdrawn or diverted from various water sources, such as groundwater, lake, municipal supplies, etc. (including sea water).
Source: Morningstar/Sustainalytics

Water withdrawal IntensityIn m3 per million USD.Source: Morningstar/Sustainalytics

If data is available, the bar above shows the performance of the product (little triangle arrow) in comparison to the average performance of the product category (line).

The amount in tonnes per million (Euro) invested for the hazardous waste emissions that are attributable to the portfolio. Calculated by working out for each unique holding the percentage of that company that the portfolio owns. The portfolio is therefore responsible for that portion of the company's hazardous waste emissions. Then each holdings responsible share of the hazardous waste emissions are summed to given an overall emissions in tonnes, divided by the millions (Euro) invested in total in those companies. This only includes the long portion of the holdings for which the data is available. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics

Hazardous wasteIn tonnes per million EUR.Source: Morningstar/Sustainalytics

If data is available, the bar above shows the performance of the product (little triangle arrow) in comparison to the average performance of the product category (line).

The percentage of the long only portfolio that is exposed to corporations that have violations of the United Nations Global Compact principles or Organisation for Economic Co-operation and Development (OECD) Guidelines for Multinational Enterprises The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics

UNGC principles/ OECD guidelines violationsIn % of the portfolio.Source: Morningstar/Sustainalytics

If data is available, the bar above shows the performance of the product (little triangle arrow) in comparison to the average performance of the product category (line).

The weighted average for the portfolio of the underlying holding's gender pay gap. The average only includes holdings for which the gender pay gap details are known. It is calculated only on the long holdings portion of the portfolio. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics

Gender pay gapIn %.Source: Morningstar/Sustainalytics

If data is available, the bar above shows the performance of the product (little triangle arrow) in comparison to the average performance of the product category (line).

The weighted average for the portfolio for the percentage of female board members of the underlying holdings. The average only includes holdings for which the percentage of female board members details are known. It is calculated only on the long holdings portion of the portfolio. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics

Female board membersIn % of female board members of the underlying holdings.Source: Morningstar/Sustainalytics

If data is available, the bar above shows the performance of the product (little triangle arrow) in comparison to the average performance of the product category (line).

Sovereigns

The weighted average for the portfolio of the underlying holding's carbon intensity for sovereign issuers. The average only includes holdings for which the carbon intensity for the countries of the sovereign bonds are known. It is calculated only on the long holdings portion of the portfolio. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics

Carbon intensityIn % of the portfolio.Source: Morningstar/Sustainalytics

If data is available, the bar above shows the performance of the product (little triangle arrow) in comparison to the average performance of the product category (line).

The percentage of countries invested in (not percentage of the portfolio) that have social violations as referred to in international treaties and conventions, United Nations principles and, where applicable, national law. This only includes the long portion of the holdings. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics

Social violationsIn number of countries.Source: Morningstar/Sustainalytics

If data is available, the bar above shows the performance of the product (little triangle arrow) in comparison to the average performance of the product category (line).

Sustainability impact

Impact themes

The percentage of the long only portfolio that is exposed to corporations that make any revenue (>0%) from these 5 impact themes.
Source: Morningstar/Sustainalytics

30%

25%

20%

15%

10%

Climate action

Resource security

Healthy ecosystems

Basic needs

Human development

Top 3 SDGs

The 3 UN Sustainable Develeopment Goals (SDGs) to which the long only portfolio has the highest involvement, measured by exposure to corporations that make any revenue from the SDG
Source: Morningstar/Sustainalytics

EU Taxonomy

EU Taxonomy alignment (planned)

100

In % of the portfolio.

Source: Morningstar/Sustainalytics

If data is available, the bar above shows the performance of the product (little triangle arrow) in comparison to the average performance of the product category (line).

The (planned) percentage of the long only portfolio that is exposed to economic activities aligned with the EU Taxonomy regulation.
Source: Morningstar/Sustainalytics or product manager

EU Taxonomy alignment (planned)In % of the portfolio.Source: Morningstar/Sustainalytics

If data is available, the bar above shows the performance of the product (little triangle arrow) in comparison to the average performance of the product category (line).

Other portfolio details

Can derivatives be used in the portfolio management?

Yes

Does the portfolio contain use-of-proceeds instruments?

Yes

Can the product practice securities lending?

Does the product practice short selling?

Does the product invest in unlabelled underlying products?

Important Notice

The information on this website is merely intended to help investors understand how financial products that have been awarded the “Towards Sustainability”label apply the requirements of the Towards Sustainability label to certain financial products.
The information on this website is no marketing material and some of the products might not be registered for public distribution in Belgium.
The information on this website does not constitute an invitation to invest in the financial products referred on this website. Persons considering investing in those financial products should refer to the website of the manufacturer of the product and consult all relevant product information and documents before doing so. They should also consider whether the relevant products are suitable for them, given their knowledge and experience, their financial situation and their investment objectives and needs.
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Note that not all products are offered to retail clients in Belgium.
The information on this website is based on information received from the product manager and on external data sources. The information on this website will be updated from time to time. No investment decisions should be based relying only on the information on this website.