2023 Integrated Report

3. Transitions

BNP Paribas Real Estate, accelerating the reduction of carbon emissions

Committed since 2016 to a low-carbon trajectory aimed at reducing its direct and indirect emissions, BNP Paribas Real Estate signed an innovative partnership with Materrup, a young French industrial company which produces low-carbon building materials based on uncalcined clay. This cement helps reduce the carbon emissions of new buildings. As part of this collaboration in France, five regional pilot programmes are being implemented, two in Nouvelle-Aquitaine region and three in Auvergne-Rhône-Alpes region, covering 81,800 sqm and 700 housing units.

BNP Paribas Asset Management expands its range of sustainable ETFs

BNP Paribas Asset Management has stepped up the development of its sustainable Exchange Traded Funds (ETF) range by launching two new funds that exclude fossil fuels. BNP Paribas Asset Management also launched its first ETF in Ireland, the first to track an S&P 500 ESG Index, which measures the performance of stocks, adopting a best-in-class ESG approach. With this new fund, BNP Paribas Asset Management is expanding its offer to investors in countries and regions such as the United Kingdom, Switzerland, the Netherlands and the Nordics. BNP Paribas Asset Management also won the “Best ESG ETF provider” award in Europe at the 2023 ESG Investing Awards.