La banque d'un monde qui change 2004 - BNP Paribas

y the company and its suppliers is a majorissue in the textile and electronics sectors,while emissions of greenhouse gases and risksrelated to climate change receive prioritytreatment in assessing the energy, electricityproduction, transport, insurance and buildingmaterials industries.Like financial analysis, research on non-financialaspects is conducted by a team of specialists. Itallows comparisons of companies within a givenindustry and yields industry rankings based onthe different criteria studied. These analyses areregularly reviewed and systematically integratedinto management processes.Such extra-financial analysis, supported bydirect contact with companies, is rounded outby the work of ratings agencies and by brokers’reports. In addition to this system, a permanentmonitoring process seeks to detect the possibleemergence of critical situations that could leadto valuations being revised followingdevelopments in current events.Exercising voting rightsFor BNP Paribas Asset Management,the exercise of voting rights is an integral partof the management process, as a componentof the ongoing dialogue with companies in whichinvestments are made on behalf of clients.The voting policy reflects the principlesof governance set out in the key internationalcodes and standards. All mutual funds bothin France and outside France exercise their votingrights at AGMs. The voting process is basedon an analysis of draft resolutions and decisionsare applied through electronic voting platformsthat allow secure processing.and industries they study. The results of financialand non-financial analyses are presented toall asset managers and are systematically takeninto account in building portfolios focusing onsustainable development and corporate socialresponsibility.A top-rated range of productsIn 2004, BNP Paribas Asset Managementconfirmed its place as the French leaderin socially responsible investing, with overEUR 1 billion in assets under management.The company offers a range of equity, fixedincome and diversified funds with risk profilesand investment horizons tailored to the needsof private individuals, companies andinstitutional investors.The Philéis employee savings plan offerdistributed by BNP Paribas Épargne Entrepriseincludes two solidarity-focused funds.It was awarded a quality label by theTrade Unions Advisory Committeeon employee savings.Very highly rated fundsIn the latest Panorama study of sociallyresponsible mutual funds issued by Novethicand Amadeis, BNP Paribas four sociallyresponsible funds included in the rankingall obtained the highest mark, aaa.Research and management teamsBNP Paribas Asset Management deploys one of thelargest teams in France, with nine experts – fournon-financial analysts, four asset managers andone products specialist. Non-financial analystswork closely with financial analysts, regularlyexchanging points of view on the companies