LU1540715049

Paris Score

Positioning of the fund's Paris score compared to the fund universe. The letter describes, similar to a school grade, how well a fund is in line with the goals of the Paris Climate Agreement and climate scenarios. A stands for "very good", F for "insufficient". The planned production and thus CO2 efficiency in the most energy-intensive sectors is compared with the targets of climate scenarios for 2025. Companies from seven sectors are included in the calculation, which together are responsible for approximately 75% of global CO2 emissions. These include: power generation, coal, oil & gas, steel, cement, automotive and aviation. (Datasource: 2° Investing Iniative)

More information in the glossary.

  • A

  • B

  • C

  • D

  • E

  • This Fund

    is in the efficiency class F

    F

How the fund has developed The graph shows the historical development of the fund in relation to the Paris Score. If the fund has not invested or has invested too little in climate-relevant sectors, no score is assigned. The corresponding field at a point in time remains empty.
Alignment vs. Impact

This video explains why alignment is not the same as impact. While alignment might have an indirect impact on companies, there are other strategies with higher potential for impact, such as exercising voting rights, engaging directly with companies, or funding underfunded green projects or companies.

Paris-aligned funds could still be a good choice for retail investors who want to signal their support for climate-friendly companies for moral reasons, for example, or who believe that investing in climate-friendly companies promises better financial performance. We are working to provide more information and features for retail investors who want to maximize the impact potential of their investments.

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Climate Engagement of the fund management
A Engagement with a company is proven to be one of the most effective strategies for positive impact. The British NGO InfluenceMap has evaluated major asset managers in terms of their engagement activities. Both company disclosures and external data were used for this. Details can be found in the glossary. (Data source: InfluenceMap)

This fund is managed by BNP Paribas. The score is given for the company across all of their funds, not only this one. "A" indicates strong and consistent engagement to transition companies in line with the Paris Agreement.
Here you can find more detailed information on the pages of InfluenceMap

Controversial corporate shares in the fund The figures refer to the share of companies in the fund that are involved in controversial activities. They cannot be summed up as it is possible that a company is involved in several controversial activities but is only counted once. Therefore, the total amount may be lower than the sum of the shares listed below.
Environment
Company equity For these values, we are interested in the shares of companies and not of states. We therefore indicate in which controversies companies are represented by their activity, partly by the way they do business or are managed, partly by the way they make money.
  • Coal The weighting of companies in the fund that are active in the mining and/or conversion of coal into electricity is shown. (Data source: 2° Investing Initiative)
    4.99%
  • Oil & Gas The weighting of companies in the fund that are active in the production and/or conversion of oil and gas is shown. (Data source: 2° Investing Initiative)
    4.67%
  • Genetically Modified Organism The weighting of companies in the fund that are involved in the production and/or processing of products from genetically modified organisms is shown. This includes companies that are involved in the production of seeds, crops and/or food additives with the aid of genetic engineering. It also includes companies involved in the production of pharmaceutical drugs or active ingredients, industrial chemicals, biofuels and/or other consumer products using genetic engineering. If you have any questions about the company data, please contact ISS ESG directly. (Data source: ISS ESG)
    19.59%
  • Palm Oil The weighting of companies in the fund that are involved in the production, distribution or processing of palm oil and finished palm oil-based products is shown. This includes companies involved in the cultivation of oil palms (producers), the operation of palm oil mills, refineries and/or fractionation plants (processors), the manufacture of finished products using palm oil, including food and non-food products (chemicals, biofuels, personal care products) (users) or the distribution of crude palm oil, palm kernel oil, palm kernel flour, derivatives or fractions (distributors). If you have any questions about the company data, please contact ISS ESG directly. (Data source: ISS ESG)
    3.11%
  • Controversial pesticides The weighting of companies in the fund that are active in the production of pesticides containing ingredients classified as extremely or highly hazardous by the World Health Organisation (WHO) is shown. If you have any questions about the company data, please contact ISS ESG directly. (Data source: ISS ESG)
    0.00%
  • Nuclear Energy The weighting of companies in the fund that are active in the extraction and/or conversion of uranium into electricity is shown. (Data source: 2° Investing Initiative)The weighting of companies in the fund that are active in the extraction and/or conversion of uranium into electricity is shown. (Data source: 2° Investing Initiative)
    0.36%
  • Controversies in the field of environmental protection The weighting of companies in the fund that are involved in serious or very serious environmental controversies according to ISS ESG is shown. These include violations of international environmental standards, such as the Rio Declaration on Environment and Development, the Biodiversity Convention or the Paris Climate Agreement, among others. The assessments are updated when relevant new information is available or at least annually. If you have any questions about the company data, please contact ISS ESG directly. (Data source: ISS ESG)
    2.63%
Sovereign Bonds The following indicators refer to the government bonds in the fund, not to corporate bonds. Government bonds are debt securities issued by governments that borrow money on the capital market. They have a fixed maturity and pay interest. We only consider bonds issued at the national level, i.e. by governments. We do not take into account bonds issued by regional authorities, municipalities or regions.
  • Non-signatories of the Paris climate agreement The weighting of government bonds in the fund issued by countries that have not ratified the Paris Climate Agreement is given (data source: UN).
    0.00%
  • Non-signatories to the Convention on Biological Diversity The weighting of government bonds in the fund issued by countries that have not signed the Convention on Biological Diversity is indicated. This Convention aims to protect the Earth's biodiversity, but also genetic diversity and the diversity of ecosystems. (Data source: UN)
    0.00%
Social topics & ethics
Company equity For these values, we are interested in the shares of companies and not of states. We therefore indicate in which controversies companies are represented by their activity, partly by the way they do business or are managed, partly by the way they make money.
  • Controversial Weapons The weighting of companies in the fund that are involved in controversial weapons (ABC weapons, anti-personnel mines, incendiary weapons, cluster munitions, uranium munitions and armour, white phosphorus munitions) and/or generally involved in the production, distribution or provision of services related to controversial weapons is presented. If you have any queries regarding the company data, please contact ISS ESG directly. (Data source: ISS ESG)
    0.00%
  • Civil Weapons or Military Equipment The weighting of companies in the fund that are involved in the production, distribution or provision of services related to military equipment (weapons of war, supporting military equipment, as well as their components) or/and civilian firearms is presented. Services include maintenance, repair, testing, transport and similar activities in the above areas. This indicator is broadly defined, so that it also includes companies that are active, for example, in the field of logic (e.g. by transporting tanks) or that produce goods that have both civilian and military uses (e.g. oxygen masks for pilots), provided that these goods have been specifically developed or modified for military use. If you have any questions about the company data, please contact ISS ESG directly. (Data source: ISS ESG)
    13.46%
  • Controversies in the field of human rights The weighting of companies in the fund that are involved in serious or very serious human rights controversies according to ISS ESG is presented. These include violations of international human rights standards, such as the International Bill of Human Rights, the International Covenant on Civil and Political Rights (ICCPR) or the International Covenant on Economic, Social and Cultural Rights (ICESCR), among others. Assessments are updated when relevant new information is available or at least annually. If you have any questions about the company data, please contact ISS ESG directly. (Data source: ISS ESG)
    8.50%
  • Controversies in the area of workers' rights The weighting of companies in the fund that are involved in serious or very serious labour rights controversies according to ISS ESG is shown. This includes violations of international labour rights standards, such as the International Labour Organisation (ILO) Convention, among others. The ratings are updated when relevant new information is received or at least annually. If you have any questions about the company data, please contact ISS ESG directly. (Data source: ISS ESG)
    8.53%
  • Violation of Animal Welfare The weighting of companies in the fund that violate animal welfare is shown. On the one hand, this includes companies that carry out animal experiments on live animals for non-pharmaceutical purposes. Secondly, this excludes companies that engage in intensive farming to produce food, including meat, eggs and dairy products, or companies that breed, trap or slaughter animals for their fur and leather. Companies that conduct animal testing for pharmaceutical purposes are not excluded. If you have any questions about the company data, please contact ISS ESG directly. (Data source: ISS ESG)
    7.06%
  • Addictive Substances (Tobacco, Alcohol) The weighting of companies in the Fund that are engaged in the production of tobacco products and/or the production or distribution of alcoholic beverages is presented. The distribution of alcoholic beverages includes companies engaged in the wholesale or retail sale of alcoholic beverages, including liquor shops, supermarkets, bars and restaurants. It does not exclude services provided by enterprises engaged in the licensing, marketing and advertising of alcoholic beverages and/or tobacco, and also enterprises supplying key raw materials and packaging products specifically used in the production of alcoholic beverages and/or tobacco products, such as beer bottles, wine corks or cigarette packaging. This indicator does not require a minimum share of activities in turnover. If you have any questions about the company data, please contact ISS ESG directly. (Data source: ISS ESG)
    11.81%
Sovereign Bonds The following indicators refer to the government bonds in the fund, not to corporate bonds. Government bonds are debt securities issued by governments that borrow money on the capital market. They have a fixed maturity and pay interest. We only consider bonds issued at the national level, i.e. by governments. We do not take into account bonds issued by regional authorities, municipalities or regions.
  • States with Child Labour The weighting of government bonds in the fund issued by countries where child labour is widespread is shown (data source: ISS ESG).
    0.00%
  • Violation of Human Rights The weighting of government bonds in the fund issued by countries where human rights are severely restricted is indicated. (Data source: ISS ESG)
    0.00%
  • Violation of Labour Rights It indicates the weighting in the fund of government bonds issued by countries where labour rights are not sufficiently respected. This refers in particular to labour protection in terms of health and safety, minimum wages and working hours. (Data source: ISS ESG)
    0.00%
  • Authoritarian Regimes The weighting of government bonds in the fund issued by countries considered "unfree" according to the "Freedom in the World" index of the non-governmental organisation Freedom House is indicated (data source: Freedom House).
    0.00%
Corporate governance
Company equity For these values, we are interested in the shares of companies and not of states. We therefore indicate in which controversies companies are represented by their activity, partly by the way they do business or are managed, partly by the way they make money.
  • Violation of the principles of the UN Global Compact The weighting of companies in the fund that are involved in serious or very serious controversies in at least one of the four core areas of the UN Global Compact according to ISS ESG is shown. These include violations of international standards in the areas of environmental protection, human rights, labour rights and corruption. The ratings are updated when relevant new information is received or at least annually. If you have any questions about the company data, please contact ISS ESG directly. (Data source: ISS ESG)
    12.99%
  • Corruption The weighting of companies in the fund that are involved in serious or very serious controversies in the area of corruption according to ISS ESG is shown. This includes violations of international anti-corruption standards, such as the UN Convention against Corruption, among others. The ratings are updated when relevant new information is available or at least annually. If you have any questions about the company data, please contact ISS ESG directly. (Data source: ISS ESG)
    0.50%
  • Business Malpractice The weighting of companies in the fund that are involved in accounting fraud, bribery, money laundering or/and anti-competitive behaviour according to ISS ESG is shown. If you have any questions about the company data, please contact ISS ESG directly. (Data source: ISS ESG)
    1.78%
  • Tax avoidance strategies and identified infringements The weighting of companies in the fund that miss the intent and spirit of tax laws is presented. This includes companies that engage in illegal tax evasion by not paying or only partially paying taxes and/or that use tax optimisation strategies or aggressive tax planning, such as targeted profit reduction and profit shifting, even if these do not fall within the scope of illegality. If you have any queries regarding the company data, please contact ISS ESG directly. (Data source: ISS ESG)
    0.00%
  • No women on the Executive Board or Supervisory Board The weighting of companies in the fund that do not have women on their management and/or supervisory boards is shown. If you have any questions about the company data, please contact ISS ESG directly. (Data source: ISS ESG)
    0.34%
Sovereign Bonds The following indicators refer to the government bonds in the fund, not to corporate bonds. Government bonds are debt securities issued by governments that borrow money on the capital market. They have a fixed maturity and pay interest. We only consider bonds issued at the national level, i.e. by governments. We do not take into account bonds issued by regional authorities, municipalities or regions.
  • Countries with nuclear weapons The weighting of government bonds in the fund issued by countries listed by SIPRI as possessing nuclear weapons is given. (Data source: SIPRI)
    0.00%
  • Global Peace Controversy The weighting of government bonds in the fund issued by countries classified as "very low" in the "Global Peace Index" of the non-governmental organisation "Institute for Economics and Peace" and thus considered to be very conflict-prone is indicated. (Data source: Institute for Economics and Peace)
    0.00%
  • Perceived corruption The weighting of government bonds issued by countries rated "very corrupt" by the "Corruption Perception Index" (CPI) of the non-governmental organisation "Transparency International" is issued. The CPI rates 180 countries and regions according to how corrupt the public sector is perceived to be. (Data source: Transparency International)
    0.00%
  • Money Laundering Controversy xmtdiifunddatabase.detail.flagSovereignExposureMoneyLaunderingControversy.description
    0.00%
ISS ESG Fund Rating
ESG Performance Score The rating of our partner ISS ESG ranges from 0 to 100, whereby 100 stands for "very good". The ISS ESG performance score represents an absolute ESG rating of the fund. For the calculation, the individual ratings of companies in the areas of environment, social affairs and corporate governance are combined and aggregated at fund level. The ISS ESG Performance Score therefore differs from the ISS ESG Fund Rating, as here stars are awarded relative to the Lipper Global Benchmark Class and thus a fund with a low ISS ESG Performance Score can also receive several stars in case of doubt. (Data source: ISS ESG)
Neither the ISS ESG performance score nor the fund rating can be used to infer the sustainability impact of the fund.

More on ESG ratings in the glossary.
Transparency profile
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Fund data from: 31.01.2022
Source: Lipper

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