- Investment funds from BNP Paribas AM, La Banque Postale AM and Candriam among 10 awarded by Climetrics
- French asset managers lead sustainability trend – with 7 of the 10 most climate-friendly funds in Europe.
- Analysis shows approximately half (46%) of the top company holdings in the 10 identified funds are rated A by CDP this year.
Feb 19, 2019 (Brussels): Ten equity funds are recognized today as the top performers on climate change in Europe at the CDP Europe Awards in Brussels.
The ranking is based on data from the climate rating for funds, Climetrics. The tool, developed by CDP and ISS-climate, measures the climate performance of a fund’s stocks, its asset manager’s governance of climate issues, and its investment policy, to help investors find funds well-positioned in the transition to a low carbon economy.
For the first time since its launch in 2017, Climetrics awarded European equity funds for outstanding climate performance. From hundreds of funds in the European equity category, the top 10 actively managed funds were chosen based on their underlying Climetrics score. The awarded funds stand out as generally investing in European companies which are well aligned with the transition to a low-carbon economy.
Asset managers BNP Paribas AM, Candriam and Mirova each have two funds among the 10 receiving a Climetrics Fund Award, while French asset managers received 7 of the 10 awards, underlining the leading role of French investors and asset managers in the transition to a low carbon economy.
|Top 10 European equity funds – Climetrics Fund Awards|
|BNP Paribas Developpement Humain||BNP Paribas Asset Management|
|Parworld Quant Equity Europe Guru||BNP Paribas Asset Management|
|Echiquier Major||La Financiere de l’Echiquier|
|LBPAM ISR Actions Europe||La Banque Postale Asset Management|
|Mirova Europe Sustainable Equity||Mirova|
|OFI RS European Growth Climate Change||OFI Asset Management|
|Mirova Europe Environmental Equity||Mirova|
|Candriam SRI Equity Europe||Candriam Investors Group|
|Candriam Sustainable Europe||Candriam Investors Group|
|NN (L) European Sustainable Equity||NN Investment Partners|
Analysis of the top 10 company holdings for each of the award-winning funds shows that almost half of the funds’ top holdings (46%) were scored A by CDP, with almost three quarters (73%) receiving either an A or B score.
Climetrics rates over 4,500 European funds every month representing about €3 trillion in fund investments and is freely available at climetrics-rating.org.
Nico Fettes, Head of Climetrics at CDP, said:
“Greater transparency in the fund industry is important for helping to move capital towards sustainable investments and to achieve the goals of the Paris Agreement. Climetrics’ aim is to give investors confidence in their investments, and these awards recognize that certain funds represent a more progressive approach in lowering long-term risks from climate change”
Maximilian Horster, Head of ISS-climate, adds:
“Policy makers, civil society, and investors are collectively asking for more climate transparency of investment funds. The Climetrics rating assesses and awards funds that invest in companies that have made tangible commitments to align their business models with targets set forth under the Paris Accords.“