The UN-supported PRI works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment decisions.
By signing to the PRI in the service provider category, BNP Paribas Securities Services is committing to providing, developing and promoting services that support clients’ implementation of the PRI’s six Principles.
Patrick Colle, General Manager of BNP Paribas Securities Services, said:
“We are proud to have become a signatory to the PRI. This reflects our long-standing commitment to responsible investing. As a global custodian, we have an important role to play in helping our clients adopt and integrate ESG policies and demonstrate the value these can bring to an organisation. By signing the PRI, we are committing to continuing to develop solutions promoting responsible investing and to having a constructive dialogue with our clients on these issues.”
In June, BNP Paribas Securities Services launched ESG Risk Analytics, an innovative solution designed to enable asset owners and asset managers to integrate ESG factors more easily into their investment decision-making process. ESG Risk analytics provides a detailed breakdown of how well clients’ investments and benchmarks rate against an extensive range of ESG factors.
The bank regularly publishes analysis and commentary on ESG trends, which are freely available on its Quintessence Magazine website. In May, the bank published a guide in association with the UK’s Pensions and Lifetime Savings Association to educate the UK pension fund market on ESG.
BNP Paribas Securities Services is the fourth BNP Paribas Group entity to sign the PRI after BNP Paribas Investment Partners, BNP Paribas Real Estate Investment Management and BNP Paribas Cardif.
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About BNP Paribas Securities Services (www.securities.bnpparibas.com)
BNP Paribas Securities Services, a wholly-owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider backed by the strength of the BNP Paribas Group. It provides multi asset post trade and asset servicing solutions for institutional participants in the investment cycle, from the buy-side and sell-side to corporates and issuers. Covering over 100 markets, offices in 34 countries, the BNP Paribas network is one of the most extensive in the industry. We bring together local insight and a global network to enable clients to maximize their market and investment opportunities worldwide. Key figures as at 31 March 2016: Assets under administration USD 2,017 billion, assets under custody USD 9,237 billion, transactions settled 73 million in 2015, number of funds administered 10,381.