Alternative Investments/ESG: BNP Paribas Launches ETFs Targeting Hydrogen And Sustainable Real Estate
The ETFs are listed on the Euronext Paris exchange.
BNP Paribas Asset Management has launched ESG-filtered thematic ETFs targeting real estate and the hydrogen economy. The BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF (HYDRO FP) provides thematic equity exposure to companies involved in hydrogen economy. Meanwhile, the BNP Paribas Easy FTSE EPRA/NAREIT Global Developed Green CTB UCITS ETF (GRCTB FP) offers exposure to developed market REITS and real estate companies while tilting towards the most environmentally friendly securities. (ETF Strategy)
BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF
This ETF benchmarks with the ECPI Global ESG Hydrogen Economy Index. In multi-level screening, the index first addresses the universe of stocks in developed markets that trade with market capitalizations in excess of €500 million and average daily trading volumes of more than €5 million.
After excluding stocks such as those involved in tobacco, controversial weapons, conventional weapons, oil & gas, thermal coal, and coal-based electricity generation, those with ESG scores, and violators of UN Global Compact principles, the index drills down to companies active in Hydrogen and Clean Energy, and selects the 30 largest and 10 largest companies from each.
The ETF is classified under Article 9 of the SFDR and has an expense ratio of 0.30%.
BNP Paribas Easy FTSE EPRA/NAREIT Global Developed Green CTB UCITS ETF
This ETF tracks the FTSE EPRA Nareit Developed Green EU CTB Index whose parent index is the FTSE EPRA Nareit Developed Index.
The target investments are selected after assessing building-by-building geolocation data mapping from specialist data provider GeoPhy. This data is then matched with green certification data and provides the basis for detailed energy use and carbon emissions modelling.
The ETF avoids violators of UN Global Compact principles and applies sustainability considerations of estimated energy usage per square metre and floor space covered by eligible green certification.
The ETF charges an expense ratio of 0.40%.
Related Story: Global X Launches Four China ETFS, Including Clean Energy And EVs, In Europe
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