BNP Paribas launches World Climate Carbon Offset Plan fund as European version hits €300m AUM

The fund, managed using a team-based quant approach, provides exposure to equities selected for demonstrating high environmental, social and governance standards and which have robust energy transition strategy and a lower carbon footprint than their benchmarks. The remaining carbon footprint (Scope 1 and Scope 2 emissions) of the portfolio will be offset every quarter through the purchase of Verified Emission Reductions (VERs) certificates, issued by the Project Kasigau Corridor REDD+ in Kenya. Mark Carney appointed as climate finance adviser The project, based in South-East Kenya...