Picto_Video Carbon footprint EN

BNPP AM publishes carbon footprint of 26 Parvest funds

In addition to financial reporting, this page provides information on the investment fund’s carbon impact. A fund’s carbon footprint seeks to determine the amount of greenhouse gas (GHG) emitted by the investments selected through the fund. The footprint is measured in carbon dioxide equivalents (CO2e). This indicator assesses the global warming potential of six major greenhouse gases in CO2e.* To aid understanding, the fund’s carbon footprint is compared to common features of daily life and is also broken down by business sector.

*The six major greenhouse gases: CO2, CH4, SF6, N2O, HFCs, PFCs

CALCULATING YOUR CARBON FOOTPRINT

BREAKDOWN OF CO2E EMISSIONS FOR TWO BUSINESS SECTORS: EXAMPLES (in % of emissions per company)

The GHG Protocol* establishes greenhouse gas emission reporting standards for companies. Emissions are broken down into three categories, with varying proportions depending on the company’s line of business.

SCOPE 1 Direct emissions from the company’s facilities.

SCOPE 2 Indirect emissions linked to the company’s energy consumption.

SCOPE 3 Other indirect emissions, including those related to the use of its products.

To calculate a fund’s carbon footprint, companies’ CO2e emissions are added up and weighted by market capitalisation and the companies’ weight in the portfolios. The resulting indicator measures emissions generated for each euro invested in the fund.

Today, the measurement of Scope 3 emissions and avoided emissions* is not standardised or considered sufficiently reliable to be used in reporting. As a result, the calculation of a company’s carbon footprint currently focuses on Scope 1 and Scope 2 emissions. This method, however, will increase in efficiency as the data and indicators improve, with the aim of achieving greater relevance.

WHERE DO CARBON EMISSIONS COME FROM?

BREAKDOWN OF GREENHOUSE GAS EMISSIONS WORLDWIDE*

On a global scale, greenhouse gas emissions result from certain human activities, with fossil fuel consumption at the top of the list. Companies’ involvement in these activities determines their carbon footprint.
* Source: World Resource Institute

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