€900 m under management in green bonds The BNPP AM Green Bond strategy now offers the opportunity to invest in green bonds; a segment that already has more than €900 million under management. Green bonds offer one of the best options for funding activities that emit only low levels of greenhouse gases, and for supporting the development of a low carbon economy. We estimate that between now and 2030, USD 4,000 billion per year will be needed to deliver the energy transition to a low carbon economy. At present, the bond market in its entirety represents USD 100,000 billion’s worth of securities in circulation. Green bonds “We estimate that between are the missing link between the very high level now and 2030, USD 4,000 billion of demand for capital to fund the Ecological and Energy Transition (EET) and the colossal assets per year will be needed to available for investment in the bond market. deliver the energy transition Green bonds make it possible to diversify and add value to a portfolio, at the same time as to a low carbon economy. generating real environmental and ecological Green bonds offer one of response to the obligations imposed by Article the best options for supporting 173 of the French Energy Transition Law, because the development of this green bonds give investors the opportunity, for example, to offset the CO emissions generated2 economy and funding activities by other products within the portfolio. that emit only low levels greenhouse gases.” FELIPE GORDILLO Senior ESG Analyst INVESTING FOR A SUSTAINABLE FUTURE 15