The launch of BNP Paribas’ Securities Services business’ ESG investment compliance monitoring service in Australia and New Zealand will help local clients meet their ESG commitments and investment objectives and avoid potential compliance violations.
For BNP Paribas Securities Services customers, the service provides regional asset managers and owners with ESG investment compliance screening capabilities, allowing them to incorporate customizable and flexible ESG criteria into their portfolio monitoring.
The service has already been successfully implemented in Europe and includes a wide range of ESG criteria and provides external assurance that funds meet their ESG commitments through automated post-trade evaluations.
By leveraging a wide range of data feeds from external and internal sources, ESG Services screens portfolios against customized and flexible criteria that align with each client’s ESG framework. Choices can be made from a variety of options, including the inclusion or exclusion of specific activities, ESG ratings and benchmarks, carbon intensity compared to benchmarks, and compliance with global standards.
This service is available at a time of rapid market development. The Australian Government’s Treasury recently released the Sustainable Finance Roadmap (1). New Zealand also has a 2030 roadmap that includes plans for a sustainable financial classification (2).
“Ensuring your portfolio complies with ESG guidelines is critical to avoiding compliance oversight and this is where BNP Paribas’ ESG monitoring solutions can help,” said BNP Paribas Securities Services Australia. said Daniel Cheever, Head of New Zealand.
BNP Paribas’ Securities Services business provides investment compliance for over 10,000 funds and mandates for clients including insurance companies, pension funds, asset managers and asset owners, with over €2.7 trillion in client assets across 19 locations. is running(3). ESG monitoring services will continue to evolve and develop as we expand to other locations in EMEA and APAC. “This global product offers our clients the opportunity to better monitor their portfolios in the evolving landscape of sustainable finance. We are pleased to launch our ESG monitoring services in Australia and New Zealand,” said Daniel Cheever.
(1) Australian Government: Treasury, Sustainable Finance Roadmap, June 2024.
(2) Sustainable Finance Center
(3) As of December 31, 2023: BNP Paribas Securities Services Business Investment Compliance Monitoring Pitchbook.
(4) As of June 30, 2024: Securities services by the numbers (cib.bnpparibas)
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BNP Paribas
Christina Efthymiades AM, Head of Brand and Communications, Australia and New Zealand
christina.efthymiades@au.bnpparibas.com
+61 426 592 869
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About BNP Paribas securities services (securities.cib.bnpparibas)
BNP Paribas’ Securities Services business is one of the world’s leading custodians, providing multi-asset post-trade and asset servicing solutions to buy-side and sell-side market participants, companies and issuers. With a global footprint covering more than 90 markets, the company’s custodial network is one of the most extensive in the industry, allowing clients to maximize investment opportunities around the world. As a pillar of BNP Paribas’ diversified banking model, Securities Services provides wealth servicing solutions that are closely integrated with the Group’s other business areas, in particular the leading services of the Global Banking and Global Markets areas. As of June 30, 2024, Securities Services had USD 13.9 trillion in assets under custody, USD 2.8 trillion in assets under management, and 9,155 funds under management (4).
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BNP Paribas is a credit institution authorized to provide banking and investment services under applicable law in France and is subject to prudential supervision on a consolidated basis by the European Central Bank in cooperation with the prudential authorities. subject to. BNP Paribas is a listed company and, as an investment services provider, is also supervised by the Financial Markets Authority in France. Our registered address is 16 boulevard des Italiens, 75009 Paris, France and our website is www.bnpparibas.com.
The services described in this document, if provided in Australia, may be provided by BNP Paribas Australian Branch ABN 23 000 000 117 (“BNP Paribas”) and/or BNP Paribas Fund Services Australasia Pty Ltd ABN 71 002 655 674 ( “BPFSA”). BNP Paribas is authorized in Australia by the Australian Prudential Regulation Authority as a Foreign Authorized Deposit-taking Institution and provides financial services to customers under Australian Securities and Investments Commission Australian Financial Services License (AFSL) No. 238043. is a wholly owned subsidiary of BNP Paribas, a legal entity providing financial services to customers under AFSL No. 241080. This information is intended for wholesale customers only and not for retail customers. (as both terms are defined in the Corporations Act 2001), sections 761G and 761GA).
If the services described in this document are provided in Hong Kong, they will be provided through BNP Paribas’ Hong Kong branch. The Hong Kong branch is registered as a licensed bank under the Banking Ordinance and regulated by the Hong Kong Monetary Authority. We are also a registered entity regulated by the Securities and Futures Commission for the performance of Regulated Activities Types 1, 4, 6 and 9 under the Securities and Futures Trading Ordinance. Additionally, if the content relates to regulated products/activities, the information is intended for “professional investors” as defined in the Securities and Futures Trading Ordinance.
If the services described in this document are provided in Singapore, they will be provided through BNP Paribas’ Singapore branch. BNP Paribas is licensed as a qualified full bank by the Monetary Authority of Singapore under the Banking Act 1970. He is also a clearing member and custodian of The Central Depository (Pte) Limited (CDP), a trading member of Singapore Exchange Derivatives Trading Limited (SGX-DT) and a clearing member of Singapore Exchange Derivatives Clearing Limited (SGX-DC) . ). Non-bank depositors’ Singapore dollar deposits with Singapore branches are insured up to $75,000 by the Singapore Deposit Insurance Corporation. Insurance does not apply to foreign currency deposits, dual currency investments, structured deposits and other investment products.
The services described in this document, if provided in New Zealand, are provided through the New Zealand branch of BNP Paribas Fund Services Australasia Pty Ltd (“BPFSA”) (NZCO registration number 1010736). BPFSA is an Australian incorporated company and a wholly owned subsidiary. A subsidiary owned by BNPP. BPFSA is registered under the Financial Service Providers (Registration and Dispute Resolution) Act 2008. BPFSA is not licensed by the New Zealand regulator to provide financial services. Additionally, just because a BPFSA is registered on the New Zealand Financial Services Provider Register does not mean that the BPFSA is subject to the following regulations: active regulation or oversight by New Zealand regulators; BNP Paribas is not a bank registered in New Zealand. As this term is defined in the Financial Markets Conduct Act 2013, this information is for wholesale customers only.
If the services described in this document are provided in the People’s Republic of China (the “People’s Republic of China”, excluding for this purpose the Special Administrative Region of Hong Kong or Macau or Taiwan), the services described in this document are ”). A subsidiary of BNP Paribas. BNPP China is a commercial bank regulated by the China Banking and Insurance Regulatory Commission. This document does not constitute an offer to sell or a solicitation of an offer to buy any financial product within China to any person to whom it is unlawful to make an offer or solicitation within China. BNPP China does not represent that this document may: that the financial products described herein may be lawfully distributed or lawfully offered pursuant to or subject to any applicable registration or other requirements in China or any exemptions available thereunder; We do not endorse and are not responsible for facilitating such distribution or offering. In particular, BNPP China has not taken any steps to permit the public offering of financial products or the distribution of this document in China. Therefore, the financial products described herein may not be offered or sold, directly or indirectly. Additionally, this document, advertisements, and other provided materials may not be distributed or published within China except in circumstances conducive to compliance with applicable laws and regulations. Rules. If the services described in this document are provided in India, they will be provided by BNP Paribas through its branches in India. BNP Paribas is registered as a Scheduled Commercial Bank and regulated by the Reserve Bank of India. It is also a registered custodian under the SEBI (Securities Custodians) Regulations, 1996 and is regulated by the Securities and Exchange Board of India.
