BNPP IP’s boutique to distribute low carbon ETF in the UK

BNP Paribas Investment Partners’index-based investment specialist Theam has received regulatory approval to distribute its Low Carbon 100 Europe Theam Easy Ucits ETF in the UK.

The ETF having been launched in 2008 was already available for distribution in France and the Netherlands.

Theam’s passive strategy tracks the performance of the Low Carbon 100 Europe index published by Euronext, which aims to measure the performance of 100 major European companies with the lowest carbon intensity within their sectors.

The calculation of firms’ carbon footprints relies on the measure of the companies’ emissions related to their activities and energy and raw material supplies, relative to their revenue.

The index is overseen by a scientific committee gathering academics, NGO representatives and environmental experts.

Marie Sophie Pastant, deputy head of the Index Management Team at Theam, said : “The Low Carbon 100 Europe Index has outperformed the STOXX Europe 600 Index by 12.7% net of fees over the past five years, selecting from a very similar sector universe those companies that are most effectively controlling their carbon emissions. This clearly demonstrates that it is possible to combine financial performance and responsible investing.”

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