BNP P.Easy Low Carbon 300 World PAB UCITS ETF

The Product is an index-tracking passively managed fund.The Product seeks to replicate (with a maximum tracking error* of 1%) the performance of the Euronext Low Carbon 300 World PAB (NTR) index (Bloomberg: LC300W index) (the Index ) by investing in the shares issued by companies included in the Benchmark Index, respecting the Index's weightings (full replication), or in a sample of shares issued by companies included in the index (optimised replication). When investing in a sample of shares the sub-fund's tracking error may be higher. The Product is composed of companies worldwide selected on the basis of opportunities and risks associated with the climate transition while aiming to comply with the Paris Aligned Benchmark (PAB) targets of reducing greenhouse gas (GHG) intensity by at least 50% relative to the initial investment universe and achieving an additional decarbonisation target of 7% each year. As a result, fossil-fuel activities are excluded from the Index. The type of approach implemented here is Best-in-class (Best-in-class approach identifies leaders in each sector based on the best environmental, social and governance (ESG) practices, while avoiding those that present high levels of risk and do not comply with minimum ESG standards according to the index administrator and its specialized partners). The investment team applies also BNP PARIBAS ASSET MANAGEMENT's Sustainable Investment Policy, which takes into account environmental, Social and Governance (ESG) criteria such as but not limited to reduction of emissions of greenhouse gas, respect of human rights, respect of minority shareholders rights, at each step of the investment process of the Product.The extra-financial strategy of the Index may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing. Further information on the index, its composition, calculation, methodology and the rules for periodic monitoring and rebalancing can be found on www

Physical replication

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No