International banking group, BNP Paribas, has launched the Theam Quant World Climate Carbon Offset Plan fund which aims to combine financial returns from the world’s equity markets with a positive impact on climate change. The fund selects companies that demonstrate high environmental, social and governance (ESG) standards, highlighting companies that have lower carbon footprints when compared with their benchmarks. The fund aims to offset the remaining carbon footprint of the investment’s strategy every quarter, through the purchase of Verified Emission Reduction certificates from the Kasigau Corridor REDD+ project in Kenya which protects over 200,000 hectares of endangered dry land forest. Leading European insurance companies such as Allianz, Cardif, and HDI Assicurazioni have supported this investment. The fund has already received the Belgium Febelfin label, and is now registered for sale in Belgium, France, Italy, Luxembourg, Switzerland, and United Kingdom.

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