BNP Paribas REIM continues to deliver sustainable performance
BNP Paribas REIM is committed to investing in real estate in living assets. In short, this means focusing on those that live, work and interact with buildings and seeing the whole life cycle of a building, and not just taking a snapshot of it in its current state.
By working in this way, BNP Paribas REIM is driven to ensure that institutional and private investors benefit from a specific monitoring of sustainable performance of assets across Europe. To do this, BNP Paribas REIM have established a dedicated Corporate Social Responsibility (CSR) strategy which aims to future proof assets, by managing risk and anticipating upcoming environmental threats, through concrete changes.
As Nathalie Charles, Global Head of Investment Management at BNP Paribas Real Estate points out, “Our CSR strategy is pragmatic, relevant and embedded into our business as a leading European investment manager.”
It is in this way that Environmental Social Governance (ESG) integration has become one of the five guiding pillars for BNP Paribas REIM’s activity. As such, in BNP Paribas REIM’s 2020 ESG strategy, three key ESG objectives have been set out: cutting carbon emissions, managing assets responsibly and boosting stakeholders’ awareness to achieve positive change. Each objective is monitored through specific key performance indicators (KPIs).
The aim is for 70% of funds open to subscription to investors to be classified as “sustainable” which means being compliant with Article 8 or Article 9 with Europe’s new Sustainable Finance Disclosure Regulation (SFDR) by 2022. The goal is then for this to rise to 90% by 2025.
Being one of the Europe’s longstanding financial groups means that BNP Paribas REIM has the ability and strength to drive forward such change in the sector, meaning that sustainable actions become part of how the real estate sector operates.
By focusing on ESG and Impact funds, BNP Paribas REIM helps to inspire real change in the industry and helps contribute to global targets for greenhouse gas reduction. To find out exactly how this is being done, read the ESG Summary 2020.
BNP Paribas Real Estate Investment Management: creating value over the long term