BNP Paribas AM expands ETF range with 'dark green' launch

The ETF selects 100 eurozone companies

BNP Paribas Asset Management (BNPP AM) has launched a new ETF to meet the European standards for the Paris Aligned Benchmark (PAB).

The new ETF, called the ‘BNP Paribas Easy Low Carbon 100 Eurozone PAB UCITS ETF', selects 100 eurozone companies that both lead in reducing carbon emissions and follow the social and governance requirements for an ESG. It is classified under Sustainable Finance Disclosure Regulation as Article 9, or a ‘dark green' fund. ‘Green companies' that actively participate in the transition away from fossil fuels represent at least 5% of the index and are selected by a committee of experts that oversaw the composition and development of the ETF. The index also includes a carbon footprint measur...