What is your current role at BNP Paribas Asset Management (BNPP AM)?

As a Fixed Income fund manager at BNPP AM, I am in charge of Euro Aggregate strategies [Editor’s note: strategies that consists of investing mainly in high-quality government and corporate bonds from the euro zone, all maturities included] and SRI (Socially Responsible Investment) and solidarity bond funds.

What does your job entail on a daily basis?

GREEN BOND
MONEY IS ONLY USED
FOR PROJECTS THAT
SUPPORT THE ECOLOGICAL
TRANSITION

I invest my clients' assets in bonds. By buying bonds, we lend to companies, states or public offices, who in turn use the money for their traditional needs.
If I buy green bonds, the money will only be used for projects that support the ecological transition. On a daily basis, with green bonds, I will for example lend money to companies that are going to install windmills and solar panels to promote the energy transition. I have been very interested in investing in social and environmental aspects for quite some time, and in turn contributing to projects that respect those values.
I was delighted to join BNPP AM and to be appointed head of SRI management within the bond team because it was spot on with what I was looking for, the 'useful' aspect of investing.
People often talk about the financial world being disconnected from the real economy. However, by managing our clients' savings, we have the capacity to allocate savings to sustainable and virtuous companies.

GREEN BOND
MONEY IS ONLY USED
FOR PROJECTS THAT
SUPPORT THE ECOLOGICAL
TRANSITION

The
interview

In your opinion, how did the transition to "sustainability" take place?

IN 2010 OUR SRI
FUND HAD EUR 30M
TODAY IT HAS EUR 800M

I can give you a good example. When I arrived in 2010, the SRI fund I managed had EUR 30 million in assets under management, today it has EUR 800 million.
To further respond to this boom, in 2017 we launched a fund investing in green bonds and supporting environmental projects, which I am proud to say has passed the EUR 1 billion mark in assets under management.
From a fund manager's point of view, seeing clients become increasingly interested in this type of product is extremely rewarding. In the future, people will ask themselves: "Why finance anything other than green bonds or green projects?”
With these projects come tangible results. One can calculate the environmental impact, in terms of CO2 emissions avoided or in Megawatt hours of renewable energy installed and produced, for example.

IN 2010 OUR SRI
FUND HAD EUR 30M
TODAY IT HAS EUR 800M

So you work in an environment where your convictions are fully respected?

Absolutely. There is a clear strategy, and leadership, at BNPP AM regarding sustainable investment. Which is an asset for launching innovative projects.
We have the support of management to innovate in this domain. We have the support of the BNP Paribas Group, also recognized for its commitment to sustainable finance.
This support is a strength as issuers and companies become more and more receptive, especially when it comes to green bonds.

At a personal level, do you believe that finance can have an impact towards building a sustainable world?

Yes. When we manage our clients' savings, we invest and lend so that certain companies can develop sustainably. And that is precisely where we can have an impact. In order to finance the energy transition, green bonds are essential. They are a financial tool that give meaning and impact to investment.

Is the spirit of innovation an important part of your daily work at BNPP AM?

A commitment to sustainable development creates innovation in all sectors.
We seek to finance innovative projects that aim to reduce environmental impact, but also to address the social aspect with funds that invest 5% to 10% of their assets in the microfinance sector. A pioneer in SRI, BNPP AM launched the first socially responsible bond fund nearly 20 years ago.
These are projects supported by all group entities, and I don't have to fight to persuade everyone, everyone is already convinced.

BNPP AM LAUNCHED THE FIRST SOCIALLY
RESPONSIBLE BOND FUND 20 YEARS AGO

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