Microfinance Valuation

For professional investors - NOVEMBER 2012

InvestInG

for a sustainable world

INVEstINg for a sustainable world I November 2012 I 3

BNP Paribas Investment P

Our Investment philosophy

The economy is currently faced with a series of social, environmental and governance challenges. Given the magnitude of these issues, BNP Paribas Investment Partners is committed to a more responsible economy, and develops for its clients’ investment solutions that seek to capture growth opportunities resulting from sustainable development.

Since the launch of its first SRI fund in 1997, BNP Paribas Investment Partners has continuously reinforced its expertise, notably with the creation in 2002 of a dedicated SRI research team. In 2006, BNP Paribas Asset Management was among the first signatories of the United Nations’ Principles for Responsible Investment (PRI). Our SRI expertise covers today a complete range of investment solutions (mandates, dedicated funds and UCITS) and asset classes tailored to the needs of institutional investors.

ESTaBlIShEd ExPERTISE Assets under management and advisory total more than EUR 17 billion1 Over 60 investment professionals in 10 investment centers. Leading role in SRI industry initiatives and working groups

sRI assets (undeR manaGement and advIsoRy)

In bIllIons euR

EUR bn

20 18 16

17 000

Our SRI definition

Sustainable & Responsible Investment is a form of investment that seeks to generate financial returns while taking into account social and/or environmental benefits.

14 12 10 8 6 4 2 0

(1) 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

INNovatIoN aNd market recogNItIoN

To achieve this goal, SRI systematically integrates Environmental, Social and Governance (ESG) criteria in the evaluation and selection of assets.

• More than 100 mandates, dedicated funds and UCITS covering major asset classes and SRI strategies (equity, fixed income, asset allocation, alternative investments); • Extra-financial reports dedicated to...