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Sign upTheam Quant Carbon Offset Plan
An equity investment fund to offset residual co2 emissions
- About Company
Theam Quant Carbon Offset Plan
An equity investment fund to offset residual co2 emissions
Label Date
November 8, 2019
By
BNP Paribas
From
France
Maturity stage
TRL 9 / CRI 5-6 - Market competition driving widespread deployment &/"Bankable" grade asset class
This solution aims to open the broad equity market to impact investing, with the ambition to bring high impact, high volume, and high liquidity into on single solution. BNP Paribas's Theam Quant aims to be a leader for the asset management industry and incentivize other companies to replicate this mechanism. BNP Paribas identified and selected a project to support financially (i.e. a community project located in South Western Kenya: Kasigau Corridor REDD+). The purpose of the fund is on the one hand to reduce as much as possible the carbon footprint by selecting ethical companies which have robust energy transition strategy and a lower carbon footprint than the European benchmark, and on the other hand to offset the residual emissions of these companies by buying the carbon credits. BNP Paribas managed to obtain the authorisation to launch the first ever UCITS (Undertakings for Collective Investment in Transferable Securities Directive 2009) fund to offset its carbon footprint.
The Environmental Benefits
- •Potential CO2 avoided / sequestred by the Kasigau project is equivalent to 1 MtCO2 for the next 30 years
- •At the level of the fund, the equity carbon footprint is reduced by at least 50% compared to benchmark and the remaining is offset, representing around 60t CO2 emissions avoided through the carbon credits for each million invested (as of January 2020)
- •The social and economic impacts triggered by the Kasigau project are on a broad range of applications listed below
The Financial Benefits
- •The cost of the offset for client investing in the solution ranges between 10 and 20 basis point (0.10%)
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BNP Paribas
The bank for a changing world. Innovation and sustainability are part of our DNA.
Headquarters
75009 Paris, France
Type
Investor (or from the financial world)
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The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances. The innovator BNP Paribas has asserted ownership of the intellectual property rights for images, videos, and content showcased above, affirming full and unrestricted usage rights, and has provided explicit permission for the Solar Impulse Foundation to publish such information designated as "public" in the application form.