# BOOK III
###### Pre-contractual disclosures
for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of SFDR and Article 6, first paragraph, of the Taxonomy Regulation and in Article 9, paragraphs 1 to 4a, of SFDR and Article 5, first paragraph, of the Taxonomy Regulation.
Template pre-contractual disclosure for the financial products referred to in Article 9, paragraphs 1 to 4a, of Regulation (EU) 2019/2088
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
and Article 5, first paragraph, of Regulation (EU) 2020/852
| Product name: BNP PARIBAS EASY JPM ESG GREEN SOCIAL & SUSTAINABILITY IG EUR BOND | Legal identifier: 213800QTVKCKUPE6F192 |
| --- | --- |


## SUSTAINABLE INVESTMENT OBJECTIVE
Does this financial product have a sustainable investment objective?
It promotes Environmental/Social (E/S)
characteristics and while it does not have as its objective a sustainable investment, it will have a minimum proportion of 
% of 
sustainable investments
with an environmental objective in economic activities that qualify as environmentally sustainable under the EU Taxonomy
with an environmental objective in economic activities that do not qualify as environmentally sustainable under the EU Taxonomy
with a social objective
It promotes E/S characteristics, but will not make any sustainable investments
It will make a minimum of
sustainable investments with an environmental objective: 
50%
in economic activities that qualify as environmentally sustainable under the EU Taxonomy
in economic activities that do not qualify as environmentally sustainable under the EU Taxonomy
Yes	No
It will make a minimum of
sustainable investments with a social objective: 
7%
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not include a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.
What is the sustainable investment objective of this financial product?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;1
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Center following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).
The financial product emphasises especially on green bonds that aims to be aligned in achieving the goals within the Paris Agreement.
The J.P. Morgan ESG Green Social & Sustainability IG EUR Bond (TR) Index has been designated as a reference benchmark for the purpose of attaining the sustainable investment objective of the financial product.

#### What sustainability indicators are used to measure the attainment of the sustainable investment objective of this financial product?
Sustainability indicators measure how the sustainable objectives of this financial product are attained.
The following sustainability indicators are used to measure the attainment of the sustainable investment objective of the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s assets covered by the ESG analysis based on the third party ESG methodology;
- The weighted average ESG score of the financial product’s assets compared to the weighted average ESG score of its investment universe, as defined in the Prospectus;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### How do sustainable investments not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.
2
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product take into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment
- Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and Principal Adverse Impactsconsiderations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
3

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights?
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No
4

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the J.P. Morgan ESG Green Social & Sustainability IG EUR Bond (TR) index (Bloomberg: JPEIGSSE Index) (the Index) by investing in debt securities issued by countries and companies included in the Index, respecting the Index's weightings (full replication), or in a sample of debt securities issued by countries and companies included in the Index (optimised replication).
When investing in a sample of debt securities, the product’s tracking error may be higher.
The Index is composed of green, social and sustainability bonds issued in EUR across Developed and Emerging markets with an emphasis on green bonds that are aligned with the Paris Agreement goals. Environmental, Social and Corporate Governance (ESG) scoring and screening methodology (such as environmental conventions, labor rights conventions, human rights, etc.) are applied to tilt toward issuers ranked higher on ESG criteria and ‘Certified Climate Bond‘ issues, and to underweight or remove issuers that rank lower. The source for green, social and sustainability bond labelling, and certification, is Climate Bonds Initiative, a labelling scheme for bonds, loans and other debt instruments, based on rigorous scientif criteria and consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees (www.climatebonds.net). As a result, issuers subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index. The type of approach implemented here is thematic (the index is composed of companies that provide products and services proving concrete solutions to specific environmental and/or social challenges, seeking to benefit from future growth anticipated in these areas while contributing capital to the transition towards a low-carbon, inclusive economy).The extra-financial strategy of the Index may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the J.P Morgan ESG indices can be found on www.jpmorgan.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its index.
The elements of the investment strategy to attain the sustainable investment objective by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain the sustainable investment objective?
- The financial product shall systematically integrate relevant ESG factors in line with its investment strategy into its investment analysis and decision-making processes.
- Bonds issued by non-sovereign issuers earning revenue from Nuclear Energy, Oil & Gas, Oil Sands, Thermal Coal, Tobacco, or Weapons, or not in adherence with UNGC Principles will not be eligible.
- The financial product investment strategy excludes issuers ranked in band 5 as defined by the index provider. The index ESG scores are divided into five bands, where band 1 has the highest ESG score and band 5 has the lowest ESG score.
- A third party ESG methodology used by the index provider is applied to tilt issuers ranked higher on ESG criteria and to underweight or remove issuers that rank lower.
- The financial product shall invest at least 85% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable5investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
Good governance practices include sound management structures, employee relations, remuneration of staff ad tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the J.P Morgan ESG indices can be found on www.jpmorgan.com.
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation and the minimum share of sustainable investments?
The minimum proportion of sustainable investments used to meet the sustainable objective of the financial product is 85%.
For the avoidance of doubt, such a proportion is solely a minimum commitment and the real percentage of the sustainable investments of the financial product will be available in the annual report.

#### How does the use of derivatives attain the sustainable investment objective?
Financial derivative instruments may be used for hedging and/or efficient portfolio management purposes. Either these instruments are not used to attain the sustainable investment objective of the product, or they are aligned with the sustainable investment objective of the financial product.

### To what minimum extent are sustainable investments with an environmental objective aligned with the EU Taxonomy?
Not applicable.
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.

6
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the taxonomy- alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
excluding sovereign bonds*
1. Taxonomy-alignment of investments
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
including sovereign bonds*
|  | 0% |  | 0% |
| --- | --- | --- | --- |
| Taxonomy-aligned Other investments | 100% | Taxonomy-aligned Other investments | 100% |

*For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 50%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of sustainable investments with a social objective?
The minimum share of socially sustainable investments within the financial product is 7%.
7

### What investments are included under “#2 Not sustainable”, what is their purpose and are there any minimum environmental or social safeguards?
The “Not sustainable” investments are instruments which are used for liquidity and/or hedging purposes, notably cash, deposits and derivatives.
The investment manager will ensure that those investments are made while maintaining the sustainable investment objective of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to meet the sustainable investment objective?
Reference benchmarks are indexes to measure whether the financial product attains the sustainable investment objective.
The J.P. Morgan ESG Green Social & Sustainability IG EUR Bond (TR) Index has been designated as a reference benchmark for the purpose of meeting the sustainable investment objective of the financial product.

#### How does the reference benchmark take into account sustainability factors in a way that is continuously aligned with the sustainable investment objective?
The sustainability factors taken into account by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including sustainable investment objective.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.
8

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.jpmorgan.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product
9
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: 
BNP PARIBAS EASY € AGGREGATE BOND SRI FOSSIL FREE	Legal entity identifyier: 213800L5V2IKDB9QP195
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A negative screening applying exclusion criteria. This is applied with regard to issuers with a poor ESG profile and issuers that are in systematic violation of the UN Global Compact.
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;1

- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The Bloomberg MSCI Euro Aggregate ex Fossil Fuel SRI Select (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark eligible universe exclusion criteria;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt
2
securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Center following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights
.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product take into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS).More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)3Corporate voluntary indicators:Environment
- Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the Bloomberg MSCI Euro Aggregate ex Fossil Fuel SRI Select (NTR) Index (Bloomberg: I37256 Index) (the Index ) by investing in the debt securities (fixed-rate, investment-grade, euro-denominated bonds) issued by countries and companies included in the Index, respecting the Index's weightings (full replication), or in a sample of debt securities (fixed-rate, investment-grade, euro-denominated bonds) issued by countries and companies included in the Index (optimised replication).
When investing in a sample of debt securities, the product’s tracking error may be higher.
Environmental, social and governance (ESG) criteria contribute to, but are not a determining factor in, the manager's decision making.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its index.
The elements of the investment strategy to attain each of the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.
5

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the eligible universe criteria by excluding companies involved in controversies due to poor practices related to human and labour rights, environment, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.
- The financial product shall have at least 90% of its investment strategy underlying issuers covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus, shall be reduced by a minimum of 20% due to exclusion of issuers with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product shall invest at least 10% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The index excludes at least 20% of issuers from its investment universe (“selectivity” approach) after the application of that investment strategy.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the Bloomberg MSCI SRI indices can be found on www.bloombergindices.com.
Asset allocation
describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained
6
the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 10%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
excluding sovereign bonds*
1. Taxonomy-alignment of investments
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
including sovereign bonds*
|  | 0% |  | 0% |
| --- | --- | --- | --- |
| Taxonomy-aligned Other investments | 100% | Taxonomy-aligned Other investments | 100% |

* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 6%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.
8

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 3%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The Bloomberg MSCI Euro Aggregate ex Fossil Fuel SRI Select (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
9

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.bloombergindices.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: 
BNP PARIBAS EASY € CORP BOND SRI PAB	Legal entity identifier: 213800R5FRPLL29GH115
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A negative screening applying exclusion criteria. This is applied with regard to issuers with a poor ESG profile and issuers that are in systematic violation of the UN Global Compact.
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;1

- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The Bloomberg MSCI Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark eligible stock criteria taking into account sectorial and controversial policies;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The average carbon footprint of the financial product’s portfolio compared to the average carbon footprint of its investment universe, as defined in the Prospectus;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

2
Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product take into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity3
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the Bloomberg MSCI Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB (NTR) Index (Bloomberg: I34235EU Index) (“the Index”) by investing in debt securities issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of debt securities issued by companies included in the Index (optimised replication).
When investing in a sample of debt securities, the product tracking error may be higher. The Index is composed of securities selected on the basis of Environmental, Social and Corporate Governance (ESG) criteria (such as environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the index. The type of approach implemented here is Best-in-universe (type of ESG selection consisting of giving priority to the issuers best rated from a non-financial viewpoint irrespective of their sector of activity, and accepting sector biases, because the sectors which are considered more virtuous on the whole will be more heavily represented). The extra-financial
5
strategy of the Index may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing. Further information on the Index, its composition, calculation, methodology and the rules for periodic monitoring and rebalancing can be found on www.bloombergindices.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the eligible stock criteria by excluding companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus, shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product shall have the weighted average carbon footprint of its portfolio at least 50% lower than the weighted average carbon footprint of its investment universe.
- The financial product shall achieve an annual decarbonisation target of at least 7%.
- The financial product shall invest at least 30% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The index excludes at least 20% of securities from its investment universe (“selectivity” approach) after the application of that investment strategy.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the Bloomberg MSCI SRI indices can be found on www.bloombergindices.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 30%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
including sovereign bonds*
0%
- Taxonomy-alignment of investmentsexcluding sovereign bonds*0%Taxonomy-aligned	Taxonomy-alignedEnabling activities directly enable other activities to make a substantial contribution to an environmental objective.

Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 8%.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 6%.
8

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The Bloomberg MSCI Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
9

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.bloombergindices.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Teamplate pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY € CORP BOND SRI PAB 1-3Y	
Legal entity identifier: 213800WUDLD3KPY86A85
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A negative screening applying exclusion criteria. This is applied with regard to issuers with a poor ESG profile and issuers that are in systematic violation of the UN Global Compact.
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;1

- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The Bloomberg MSCI 1-3 Year Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark eligible stock criteria taking into account sectorial and controversial policies;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The average carbon footprint of the financial product’s portfolio compared to the average carbon footprint of its investment universe, as defined in the Prospectus;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

2
Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product takes into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity3
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the Bloomberg MSCI 1-3 Year Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB (NTR) Index (Bloomberg: I34701EU Index) ( the Index ) by investing in debt securities issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of debt securities issued by companies included in the Index (optimised replication).
When investing in a sample of debt securities, the product’s tracking error may be higher.
The Index is composed of securities selected on the basis of Environmental, Social and Corporate Governance (ESG) criteria (such as environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels.
As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index.
5
The type of approach implemented here is Best-in-universe (type of ESG selection consisting of giving priority to the issuers best rated from a non-financial viewpoint irrespective of their sector of activity, and accepting sector biases, because the sectors which are considered more virtuous on the whole will be more heavily represented). The extra-financial strategy of the Index may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing. Further information on the Index, its composition, calculation, methodology and the rules for periodic monitoring and rebalancing can be found on www.bloombergindices.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the eligible stock criteria by excluding companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product shall have the weighted average carbon footprint of its portfolio at least 50% lower than the weighted average carbon footprint of its investment universe;
- The financial product shall achieve an annual decarbonisation target of at least 7%;
- The financial product shall invest at least 25% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The index excludes at least 20% of securities from its investment universe (“selectivity” approach) after the application of that investment strategy.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the Bloomberg MSCI SRI indices can be found on www.bloombergindices.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 25%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
excluding sovereign bonds*
1. Taxonomy-alignment of investments
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
including sovereign bonds*
|  | 0% |  | 0% |
| --- | --- | --- | --- |
| Taxonomy-aligned Other investments | 100% | Taxonomy-aligned Other investments | 100% |

* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 7%.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 5%.
8

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The Bloomberg MSCI 1-3 Year Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
9

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.bloombergindices.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS € CORP BOND SRI PAB 3-5Y	
Legal entity identifier: 213800H47ZGQHW71BE93
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A negative screening applying exclusion criteria. This is applied with regard to issuers with a poor ESG profile and issuers that are in systematic violation of the UN Global Compact.
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;1

- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The Bloomberg MSCI 3-5 Year Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark eligible stock criteria taking into account sectorial and controversial policies;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The average carbon footprint of the financial product’s portfolio compared to the average carbon footprint of its investment universe, as defined in the Prospectus;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

2
Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product takes into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity3
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the Bloomberg MSCI 3-5 Year Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB (NTR) Index (Bloomberg: I34794EU Index) (the Index) by investing in the debt securities issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of debt securities issued by companies included in the Index (optimised replication).
When investing in a sample of debt securities, the product’s tracking error may be higher.
The Index is composed of securities selected on the basis of Environmental, Social and Corporate Governance (ESG) criteria (such as environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels.
As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the index.
5
The type of approach implemented here is Best-in-universe (type of ESG selection consisting of giving priority to the issuers best rated from a non-financial viewpoint irrespective of their sector of activity, and accepting sector biases, because the sectors which are considered more virtuous on the whole will be more heavily represented). The extra-financial strategy of the Index may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing. Further information on the Index, its composition, calculation, methodology and the rules for periodic monitoring and rebalancing can be found on www.bloombergindices.com
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the eligible stock criteria by excluding companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus, shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product shall have the weighted average carbon footprint of its portfolio at least 50% lower than the weighted average carbon footprint of its investment universe…
- The financial product shall achieve an annual decarbonisation target of at least 7%.
- The financial product shall invest at least 30% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The index excludes at least 20% of securities from its investment universe (“selectivity” approach) after the application of that investment strategy.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the Bloomberg MSCI SRI indices can be found on www.bloombergindices.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 30%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
excluding sovereign bonds*
1. Taxonomy-alignment of investments
including sovereign bonds*
|  | 0% |  | 0% |
| --- | --- | --- | --- |
| Taxonomy-aligned Other investments | 100% | Taxonomy-aligned Other investments | 100% |

Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 9%.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 6%.
8

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The Bloomberg MSCI 3-5 Year Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
9

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.bloombergindices.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: 
BNP PARIBAS EASY € HIGH YIELD SRI FOSSIL FREE	Legal entity identifyier: 213800P652PDIDTYSD10
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A negative screening applying exclusion criteria. This is applied with regard to issuers with a poor ESG profile and issuers that are in systematic violation of the UN Global Compact.
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;1

- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The Bloomberg MSCI Euro High Yield SRI Sustainable ex Fossil Fuel (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark eligible universe exclusion criteria;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt
2
securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Center following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights
.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product take into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS) and as further detailed below in this document and/or by relying on the ESG methodology and disclosures of the reference benchmark administrator. More information on the GSS can be found on: Sustainability documents - BNPP AM CorporateEnglish (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)3Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel (NTR) Index (Bloomberg: I35881 Index) (the Index) by investing in the debt securities issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of debt securities issued by companies included in the Index (optimised replication).
When investing in a sample of debt securities, the product’s tracking error may be higher.
The Index is composed of high yield (speculative) securities selected on the basis of Environmental, Social and Corporate Governance (ESG) criteria (such as environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the index. The type of approach implemented here is Best-in-universe (type of ESG selection consisting of giving priority to the issuers best rated from a non-financial viewpoint irrespective of their sector of activity, and accepting sector biases, because the sectors which are considered more virtuous on the whole will be more heavily represented). The extra-financial strategy of the Index may comprise methodological
5
limitations such as the risk related to ESG investment or the Index rebalancing. Further information on the Index, its composition, calculation, methodology and the rules for periodic monitoring and rebalancing can be found on www.bloombergindices.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its index.
The elements of the investment strategy to attain each of the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the eligible universe criteria by excluding companies involved in controversies due to poor practices related to human and labour rights, environment, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.
- The financial product shall have at least 90% of its investment strategy underlying issuers covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus, shall be reduced by a minimum of 20% due to exclusion of issuers with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product shall invest at least 25% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The index excludes at least 20% of issuers from its investment universe (“selectivity” approach) after the application of that investment strategy.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the Bloomberg MSCI SRI indices can be found on www.bloombergindices.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 48%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 25%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
excluding sovereign bonds*
1. Taxonomy-alignment of investments
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
including sovereign bonds*
|  | 0% |  | 0% |
| --- | --- | --- | --- |
| Taxonomy-aligned Other investments | 100% | Taxonomy-aligned Other investments | 100% |

* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 8%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.
8

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 6%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The Bloomberg MSCI Euro High Yield SRI Sustainable ex Fossil Fuel (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
9

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.bloombergindices.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY ECPI CIRCULAR ECONOMY LEADERS	
Legal entity identifier: 
213800SYH51E7L1MSV45
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;
	- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1

- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.
- A negative screening applying exclusion criteria. This is applied with regard to issuers with a poor ESG profile and issuers that are in systematic violation of the UN Global Compact.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The ECPI Circular Economy Leaders Equity (NR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark eligible stock criteria taking into account sectorial and controversial policies;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt
2
securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product takes into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:3Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
4
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the ECPI Circular Economy Leaders Equity (NR) index (the Index ) by investing in shares issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of shares issued by companies included in the index (optimized replication).
When investing in a sample of shares, the product’s tracking error may be higher.
The Index is composed of companies related to the opportunities offered by the Circular Economy with positive Environmental, Social and Corporate Governance (ESG) ratings (such as circular supplies, product life extension, recycling, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index.
The type of approach implemented here is thematic (the index is composed of companies that provide products and services proving concrete solutions to specific environmental and/or social challenges, seeking to benefit from future growth anticipated in these areas while contributing capital to the transition towards a low-carbon, inclusive economy). The extra-financial strategy of the Index may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing. Further information on the Index, its composition, calculation and rules for monitoring and periodic rebalancing, as well as information on the general methodology common to all ECPI indices, can be found at www.ecpigroup.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
5
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the eligible stock criteria by excluding companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus, shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product’s investment universe of the investment strategy shall follow the thematic criteria (Circular Supplies, Resource Recovery, Product Life Extension, Sharing Platform, Product as Service).
- The financial product shall invest at least 45% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The index excludes at least 20% of securities from its investment universe (“selectivity” approach) after the application of that investment strategy.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the ECPI indices can be found on www.ecpigroup.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 45%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
excluding sovereign bonds*
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
1. Taxonomy-alignment of investments
including sovereign bonds*
|  | 0% |  | 0% |
| --- | --- | --- | --- |
| Taxonomy-aligned Other investments | 100% | Taxonomy-aligned Other investments | 100% |

* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 11%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.
8

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 13%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The ECPI Circular Economy Leaders Equity (NR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
9

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.ecpigroup .com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph,
of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY ECPI GLOBAL ESG BLUE ECONOMY	
Legal entity identifier: 
213800UYPG6HU9NTW481
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;
	- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1

- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.
- A negative screening applying exclusion criteria. This is applied with regard to issuers with a poor ESG profile and issuers that are in systematic violation of the UN Global Compact.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The ECPI Global ESG Blue Economy (NR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark eligible stock criteria taking into account sectorial and controversial policies;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the
2
Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights
.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product takes into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment34. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
4
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the ECPI Global ESG Blue Economy (NR) Index (the « Index») by investing in the shares issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of equities included in the Index (optimised replication). When investing in a sample of equities, the Fund’s tracking error may be higher.
The Index is composed of companies that are best placed to seize the opportunities offered by the sustainable use of ocean resources (coastal protection, eco-tourism, recycling, human capital, corporate governance, etc.), with a positive Environmental, Social and Governance (ESG) rating. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index.
The type of approach implemented here is thematic (the Index is composed of companies that provide products and services proving concrete solutions to specific environmental and/or social challenges, seeking to benefit from future growth anticipated in these areas while contributing capital to the transition towards a low-carbon, inclusive economy). The extra-financial strategy of the Index may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing. Further information on the Index, its composition, calculation and rules for monitoring and periodic rebalancing, as well as information on the general methodology common to all ECPI indices, can be found at www.ecpigroup.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.
5

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the eligible stock criteria by excluding companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus, shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product’s investment universe of the investment strategy shall follow the thematic diversification criteria (Coastal livelihoods, Energy and resources, Fish and seafood, Pollution Reduction, Shipping Routes).
- The financial product shall invest at least 65% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The index excludes at least 20% of securities from its investment universe (“selectivity” approach) after the application of that investment strategy.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the ECPI indices can be found on www.ecpigroup.com.
Asset allocation
describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 65%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained
6
the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 65%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.
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Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
including sovereign bonds*
0%
Taxonomy-aligned
- Taxonomy-alignment of investmentsexcluding sovereign bonds*0%Taxonomy-alignedOther investments100%Other investments100%Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.

Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 11%.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 17%.
8

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The ECPI Global ESG Blue Economy (NR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index,
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including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.ecpigroup .com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
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Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY ECPI GLOBAL ESG HYDROGEN ECONOMY	Legal entity identifier: 
2138005RK8E82TQ9PH38
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;
	- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1

- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.
- A negative screening applying exclusion criteria. This is applied with regard to issuers with a poor ESG profile and issuers that are in systematic violation of the UN Global Compact.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The ECPI Global ESG Hydrogen Economy (NR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark eligible stock criteria taking into account sectorial and controversial policies;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the
2
Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
The proportion of investments of the financial product made in economic activities and that qualify as sustainable investments under the SFDR may contribute to the environmental objectives as defined under Taxonomy Regulation: climate change mitigation, climate change adaptation, the sustainable use and protection of water and marine resources, the transition to a circular economy, pollution prevention and control, the protection and/or restoration of biodiversity and ecosystems. The extent to which the sustainable investments with an environmental objective are aligned with the EU Taxonomy will be disclosed in the annual report of the financial product.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights
.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product takes into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises3
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the ECPI Global ESG Hydrogen Economy (NR) Index (the « Index») by investing in the shares issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of equities included in the Index (optimised replication), or by investing in a substitute basket, composed of, inter alia, shares of companies, debt securities or cash (synthetic replication). When investing in a basket of securities called substitute basket, the performance is swapped with the performance of the index, generating counterparty risk.
When investing in a sample of equities, the product’s tracking error may be higher.
The Index is composed of companies most active in the sustainable hydrogen economy selected on the basis of Environmental, Social and Corporate Governance (ESG) criteria (such as hydrogen products, clean energy, recycling, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index. The
5
type of approach implemented here is thematic (the index is composed of companies that provide products and services proving concrete solutions to specific environmental and/or social challenges, seeking to benefit from future growth anticipated in these areas while contributing capital to the transition towards a low-carbon, inclusive economy). The extra-financial strategy of the Index may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the ECPI indices, can be found at www.ecpigroup.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the eligible stock criteria by excluding companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus, shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product’s investment universe of the investment strategy shall follow the thematic diversification criteria (Hydrogen Products, Clean Energy).
- The financial product shall invest at least 65% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The index excludes at least 20% of securities from its investment universe (“selectivity” approach) after the application of that investment strategy.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through
6
a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the ECPI indices can be found on www.ecpigroup.com.
Asset allocation
describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 65%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 65%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7

#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


### To what minimum extent are sustainable investments with an environmental objective aligned with the EU Taxonomy?
The extent to which sustainable investments with an environmental objective are aligned with the EU Taxonomy and that contribute to the environmental objectives climate change mitigation, climate change adaptation, the sustainable use and protection of water and marine resources, the transition to a circular economy, pollution prevention and control and/or the protection and restoration of biodiversity and ecosystems are disclosed in the two graphs below.
The investment manager is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. Further subsequent prospectus and Taxonomy-alignment commitments updates will be made accordingly.
Economic activities that are not recognised by the Taxonomy Regulation are not necessarily environmentally harmful or unsustainable. In addition, all activities that can make a substantial contribution to environmental as well as social objectives are not yet part of the Taxonomy Regulation.
8
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
- Taxonomy-alignment of investmentsincluding sovereign bonds*1. Taxonomy-alignment of investmentsexcluding sovereign bonds*Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.

Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
Taxonomy-aligned Other investments
15%
85%
Taxonomy-aligned Other investments
15%
85%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
The minimum share of investments in transitional and enabling activities in the meaning of the Taxonomy Regulation is 0% in transitional activities and 0% in enabling activities.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 11%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 13%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion9of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The ECPI Global ESG Hydrogen Economy (NR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.
10

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.ecpigroup .com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
11
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph,
of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: 
BNP PARIBAS EASY ECPI GLOBAL ESG INFRASTRUCTURE	Legal entity identifier: 213800IZTDERMHH1QQ66
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;
	- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1

- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.
- A negative screening applying exclusion criteria. This is applied with regard to issuers with a poor ESG profile and issuers that are in systematic violation of the UN Global Compact.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The ECPI Global ESG Infrastructure Equity Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark eligible stock criteria taking into account sectorial and controversial policies;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the
2
Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights
.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product take into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment34. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
4
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the ECPI Global ESG Infrastructure Equity (NR) Index (the Index) by investing in the shares issued by companies included in the Index
, 
respecting the Index's weightings (full replication).
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The Index is composed of companies that are best placed to seize the opportunities offered by the growing demand for sustainable infrastructure development and maintenance (transport, social services, water, waste management, human capital, corporate governance, etc.), with a positive Environmental, Social and Governance (ESG) rating. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index.
The type of approach implemented here is thematic (the index is composed of companies that provide products and services proving concrete solutions to specific environmental and/or social challenges, seeking to benefit from future growth anticipated in these areas while contributing capital to the transition towards a low-carbon, inclusive economy). The extra-financial strategy of the Index may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing. Further information on the Index, its composition, calculation and rules for monitoring and periodic rebalancing, as well as information on the general methodology common to all ECPI indices, can be found at www.ecpigroup.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.
5

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the eligible stock criteria by excluding companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus, shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product’s investment universe of the investment strategy shall follow the thematic diversification criteria (communication, energy, transport, waste management, water and social infrastructure).
- The financial product shall invest at least 45% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The index excludes at least 20% of securities from its investment universe (“selectivity” approach) after the application of that investment strategy.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the ECPI indices can be found on www.ecpigroup.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 45%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
including sovereign bonds*
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
0%
Taxonomy-aligned
1. Taxonomy-alignment of investments
excluding sovereign bonds*
0%
Taxonomy-aligned
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 12%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.
8

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 10%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The ECPI Global ESG Infrastructure Equity Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
9

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.ecpigroup .com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: 
BNP PARIBAS EASY ECPI GLOBAL ESG MED TECH	Legal entity identifyier: 213800L6P8XA39LXTE41
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;
	- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1

- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.
- A negative screening applying exclusion criteria. This is applied with regard to issuers with a poor ESG profile and issuers that are in systematic violation of the UN Global Compact.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The ECPI Global ESG Medical Tech Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark eligible stock criteria;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

2
Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Center following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights
.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product take into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)3Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
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The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the ECPI Global ESG Medical Tech (NR) Index (the Index) by investing in the shares issued by companies included in the Index , respecting the Index's weightings (full replication), or in a sample of securities included in the Index (optimised replication), or by investing in a substitute basket, composed of, inter alia, shares of companies, debt securities or cash (synthetic replication). When investing in a basket of securities called subst itute basket, the performance is swapped with the performance of the index, generating counterparty risk.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
When investing in a sample of shares, the product’s tracking error may be higher.
The Index is composed of companies most active in the sustainable medical technology industry selected on the basis of Environmental, Social and Corporate Governance (ESG) criteria (such as biotechnology, Life sciences tools, recycling, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index. The type of approach implemented here is thematic (the index is composed of companies that provide products and services proving concrete solutions to specific environmental and/or social challenges, seeking to benefit from future growth anticipated in these areas while contributing capital to the transition towards a low-carbon, inclusive economy). The extra-financial strategy of the Index may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing. Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the ECPI indices can be found on www.ecpigroup.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
5
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the eligible stock criteria by excluding companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment. )
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus, shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product’s investment universe of the investment strategy shall follow the thematic criteria (Biotechnology, Life Sciences Tools & Services, Health Care Equipment & Suppliers, Health Care Technology).
- The financial product shall invest at least 30% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The index excludes at least 20% of securities from its investment universe (“selectivity” approach) after the application of that investment strategy.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the ECPI indices can be found on www.ecpigroup.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 30%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
excluding sovereign bonds*
1. Taxonomy-alignment of investments
including sovereign bonds*
|  | 0% |  | 0% |
| --- | --- | --- | --- |
| Taxonomy-aligned Other investments | 100% | Taxonomy-aligned Other investments | 100% |

Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 2%.
are sustainable investments with an environmental objective that do not take into account
the criteria for environmentally sustainable economic activities
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.
8

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 14%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The ECPI Global ESG Medical Tech Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
9

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weight.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.ecpigroup .com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph,
of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY ESG DIVIDEND EUROPE	Legal entity identifier: 21380079LTAMFHP5ZR65
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using ESG external and/or internal proprietary methodology(ies). As such, the product is exposed to issuers that demonstrate superior or improving environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases, treatment of waste;
	- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1

- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.
- A negative screening applying exclusion criteria with regard to issuers that are in violation of international norms and convention, such as the UN Nations Global Compact principles and OECD Guidelines for Multinational Enterprises, or operate in sensitive sectors as defined by the Responsible Business Conduct Policy (RBC) policy.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights, according to the Stewardship policy, where applicable.
In synthetic replication, engagement with issuers and exercise of voting rights, if any, are only applied for the substitute basket underlying securities.
The BNP Paribas High Dividend Europe ESG Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product:
- The percentage of the financial product’s economic exposure compliant with the RBC policy;
- The percentage of the financial product’s economic exposure covered by the ESG analysis based on external and/or ESG proprietary methodology(ies);
- The minimum percentage of the financial product’s economic exposure investment universe reduction due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC policy and/or any other extra financial criteria;
- The weighted average ESG score of the financial product’s economic exposure compared to the weighted average ESG score of its investment universe, as defined in the Prospectus;;
- The average carbon footprint of the financial product’s economic exposure compared to the average carbon footprint of its investment universe;
- The percentage of the financial product’s economic exposure in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments to which the financial product is exposed are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
As of the date of the prospectus, the financial product applies synthetic replication. Consequently, the sustainable investments to which the financial product is exposed and described below are the ones of the underlying securities of the financial derivative instruments such as Total Return Swaps (TRS) used on a continuous basis for achieving the investment policy.
The investment manager is using, as of the date of the prospectus, BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company
2
must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental and social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle)) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com)

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH Principle). In this respect, the investment manager commits to considering principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR and to not get exposed to companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.
The investment manager ensures that throughout its investment process, the financial product takes into account principal adverse impact indicators that are relevant to its investment strategy to select the sustainable investments that the financial product partially intends to make by systematically implementing the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS) into its investment process: RBC policy, ESG integration guidelines, Stewardship, the forward-looking vision – the ‘3Es’ (Energy transition, Environmental sustainability, Equality & Inclusive Growth).
The RBC policy establishes a common framework across investments and economic activities that help identify industries and behaviours presenting a high risk of adverse impacts in violation of international norms. As part of the RBC Policy, sector policies provide a tailored approach to identify and prioritize principal adverse impacts based on the nature of the economic activity, and in many cases, the geography in which these economic
activities take place.
The ESG Integration Guidelines includes a series of commitments, which are material to consideration of principal adverse sustainability impacts, and guides the internal ESG integration process. The proprietary ESG scoring framework includes an assessment of a number of adverse sustainability impacts caused by companies in which we invest.
3
Outcome of this assessment may impact the valuation models as well as the portfolio construction depending on the severity and materiality of adverse impacts identified.
Thus, the Investment Manager considers principal adverse sustainability impacts throughout the investment process through the use of the internal ESG scores and construction of the portfolio with an improved ESG profile compared to its investment universe.
The Forward-looking perspective defines a set of objectives and developed performance indicators to measure how the researches, portfolios and commitments are aligned on three issues, the “3Es” (Energy transition, Environmental sustainability, Equality & inclusive growth) and thus support investment processes.
Furthermore, the Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts.
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and Principal Adverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
4

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The investment universe of the financial product investment strategy is periodically screened with a view to identify issuers that are potentially in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights.
This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
If an issuer is found to be in serious and repeated violations of any of the principles, it will be placed on an “exclusion list” and will not be available for investment. Existing investments should be divested from the portfolio according to an internal procedure. If an issuer is at risk of violating any of the principles, it is placed on a “watch list” monitored, as appropriate.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers principal adverse impacts on sustainability factors by systematically implementing the sustainable investment pillars defined in the GSS into its investment process. These pillars are covered by firm-wide policies that set criteria to identify, consider and prioritise as well as address or mitigate adverse sustainability impacts caused by issuers.
The RBC policy establishes a common framework across investments and economic activities that help identify industries and behaviours presenting a high risk of adverse impacts in violation of international norms. As part of the RBC Policy, sector policies provide a tailored approach to identify and prioritize principal adverse impacts based on the nature of the economic activity, and in many cases, the geography in which these economic activities take place.
The ESG Integration Guidelines includes a series of commitments, which are material to consideration of principal adverse sustainability impacts, and guides the internal ESG integration process. The proprietary ESG scoring framework includes an assessment of a number of adverse sustainability impacts caused by companies in which we invest. Outcome
5
of this assessment may impact the valuation models as well as the portfolio construction depending on the severity and materiality of adverse impacts identified.
Thus, the investment manager considers principal adverse sustainability impacts throughout the investment process through the use of the internal ESG scores and the construction of the portfolio with an improved ESG profile compared to its investment universe.
The Forward-looking perspective defines a set of objectives and developed performance indicators to measure how the researches, portfolios and commitments are aligned on three issues, the “3Es” (Energy transition, Environmental sustainability, Equality & inclusive growth) and thus support all investment processes.
Furthermore, the Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts.
Actions to address or mitigate principal adverse sustainability impacts depend on the severity and materiality of these impacts. These actions are guided by the RBC Policy, ESG Integration Policy, Engagement and Voting Policy and include the following:
- Exclusion of issuers that are in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- Engagement with issuers with the aim of encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts;
- In case of equity holdings, voting at Annual General Meetings of companies the portfolio is invested in to promote good governance and advance environmental and social issues.
- Ensuring all securities included in the portfolio have supportive ESG research.
- Managing portfolios so that their ESG profile is better than the relevant benchmark or universeIn synthetic replication, engagement with issuers and exercise of voting rights, if any, are only applied for the substitute basket underlying securities.

Based on the above approach, and depending on the composition of the financial product’s portfolio (i.e. the type of issuer),the financial product considers and addresses or mitigates the following principal adverse sustainability impacts:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)6Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNPP AM SFDR disclosure statement: sustainabilityrisk integration and Principal Adverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the BNP Paribas High Dividend Europe ESG (NTR) index (Bloomberg: BNPIFEDE index) (the Index) by investing in the shares issued by companies included in the Index, respecting the Index's weightings (full replication), or in a substitute basket, composed of, inter alia, shares of companies, debt securities or cash (synthetic replication).
When investing in a basket of securities called substitute basket, the performance is swapped with the performance of the Index, generating counterparty risk.
The Index is composed of shares of European companies selected on the basis of dividend criteria with the consideration of Environmental, Social and Governance (ESG) characteristics (reduction of carbon emission, human capital, corporate governance etc.). Hence, companies involved in disputable activities, subject to significant violations of the principles of the United Nations Global Compact or companies that have been involved in serious controversies related to the ESG are excluded from the index. The type of approach implemented here is Best-in-class (Best-in-class approach identifies leaders in each sector based on the best environmental, social and governance (ESG) practices, while avoiding those that present high levels of risk and do not comply with minimum ESG standards). The extra-financial strategy of the Index, carried out at each step of the investment process, may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the BNP Paribas indices can be found on https://indx.bnpparibas.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process.
7

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product investment strategy shall comply with the RBC Policy by excluding companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

More information on the RBC Policy, and in particular criteria relating to sectoral exclusions, can be found on the website of the investment manager: Sustainabilitydocuments - BNPP AM Corporate English (bnpparibas-am.com).
- The financial product investment strategy shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the proprietary and/or external ESG methodology.
- The financial product’s investment universe of the investment strategy shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC Policy and/or other extra-financial criteria.
- The financial product shall have the weighted average ESG score of its investment strategy portfolio higher than the weighted average ESG score of its investment universe, as defined in the Prospectus.
- The financial product shall have the weighted average carbon footprint of its investment strategy portfolio lower than the weighted average carbon footprint of its investment universe.
- The financial product investment strategy shall invest at least 35% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.
The financial product’s economic exposure investment universe is reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC Policy and/or other extra-financial criteria.

#### What is the policy to assess good governance practices of the investee companies?
The BNPP AM ESG scoring framework assesses corporate governance through a core set of standard key performance indicators for all sectors supplemented by sector specific metrics.
The governance metrics and indicators to assess good governance practices such as sound management structures, employee relations, remuneration of staff and tax compliance include but are not limited to:
8
- Separation of power (e.g. Split CEO/Chair),
- Board diversity,
- Executive pay (remuneration policy),
- Board Independence, and key committees independence
- Accountability of directors,
- Financial expertise of the Audit Committee,
- Respect of shareholders rights and absence of antitakeover devices
- The presence of appropriate policies (i.e. Bribery and corruption, whistleblower),
- Tax disclosure,
- An assessment of prior negative incidents relating to governance.

The ESG analysis goes beyond the framework to look at a more qualitative assessment of how the insights from our ESG model are reflected in the culture and operations of investee companies. In some cases, the ESG analysts will conduct due diligence meetings to better understand the company’s approach to corporate governance.
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
As of the date of the prospectus, the financial product applies synthetic replication. Consequently, the asset allocation planned for this financial product, as well as any minimum proportion described below, are the ones of the underlying portfolio of the financial derivative instruments such as Total Return Swaps (TRS) used on a continuous basis for achieving the investment policy.
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 35%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And9-  the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.

In synthetic replication, financial derivative instruments such as Total Return Swaps (TRS) are used on a continuous basis for achieving the investment policy which promotes environmental or social characteristics while ensuring that the securities physically held by the financial product (the ‘substitute basket’), performance of which is switched against the performance of the investment strategy, respect minimum extra-financial safeguards.
Synthetic replication is a framework where the TRS counterparty hedges its position and thus brings liquidity to all or a significant part of the ESG underlyings.
Financial derivative instruments may also be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
10
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds,
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
excluding sovereign bonds*
1. Taxonomy-alignment of investments
including sovereign bonds*
|  | 0% |  | 0% |
| --- | --- | --- | --- |
| Taxonomy-aligned Other investments | 100% | Taxonomy-aligned Other investments | 100% |

* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 5%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 14%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
-  the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
11
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The BNP Paribas High Dividend Europe ESG Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: https://indx.bnpparibas.com/nr/FEDETR.pdf.
12

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
13
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph,
of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY ESG EUROZONE BIODIVERSITY LEADERS PAB	Legal entity identifier: 213800FJMY39FZAAEN76
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A negative screening applying exclusion criteria. This is applied with regard to issuers with a poor ESG profile and issuers that are in systematic violation of the UN Global Compact.
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;1

- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The Euronext ESG Eurozone Biodiversity Leaders PAB (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark eligible stock criteria taking into account sectorial and controversial policies;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The average carbon footprint of the financial product’s portfolio compared to the average carbon footprint of its investment universe as defined in the Prospectus;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

2
Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product take into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS).More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)3Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the Euronext ESG Eurozone Biodiversity Leaders PAB (NTR) Index (Bloomberg: BIOLPAB index) (“the Index”) by investing in shares issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of shares issued by companies included in the Index (optimised replication).
When investing in a sample of shares, the product's tracking error may be higher.
The Index is composed of equities issued by Eurozone large and mid-cap companies selected based on their impact on biodiversity (Biodiversity score – based on Iceberg Data Lab “Biodiversity footprint rating”), on the basis of Environmental, Social and Corporate Governance (ESG) criteria (such as environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels. It implements a cap that limits a company’s maximum weight within the Index to 10% on each rebalancing date. In addition, the Index aims to comply with the Paris Aligned Benchmark (PAB) targets of reducing carbon intensity by at least 50% relative to the initial investment universe and achieving an additional decarbonisation target of 7% each year. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index. The type of approach implemented
5
here is Best-in-class (Best-in-class approach identifies leaders in each sector based on the best ESG practices, while avoiding those that present high levels of risk and do not comply with minimum ESG standards according to the Index administrator and its specialised partners). The extra-financial strategy of the Index, carried out at each step of the investment process, may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing. Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology can be found on www.euronext.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the eligible stock criteria by excluding companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus, shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product shall have the weighted average carbon footprint of its portfolio at least 50% lower than the weighted average carbon footprint of its investment universe.
- The financial product shall achieve an annual decarbonisation target of at least 7%.
- The financial product shall invest at least 45% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The index excludes at least 20% of securities from its investment universe (“selectivity” approach) after the application of that investment strategy.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the Euronext indices can be found on www.euronext.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 45%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
excluding sovereign bonds*
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
1. Taxonomy-alignment of investments
including sovereign bonds*
|  | 0% |  | 0% |
| --- | --- | --- | --- |
| Taxonomy-aligned Other investments | 100% | Taxonomy-aligned Other investments | 100% |

* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 10%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy
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### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 14%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The Euronext ESG Eurozone Biodiversity Leaders PAB (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
9

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.euronext.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph,
of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY ESG GROWTH EUROPE	Legal entity identifier: 2138007UCTC3TWGFG972
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using ESG external and/or internal proprietary methodology(ies). As such, the product is exposed to issuers that demonstrate superior or improving environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases, treatment of waste;
	- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1

- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.
- A negative screening applying exclusion criteria with regard to issuers that are in violation of international norms and convention, such as the UN Nations Global Compact principles and OECD Guidelines for Multinational Enterprises, or operate in sensitive sectors as defined by the Responsible Business Conduct Policy (RBC) policy.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights, according to the Stewardship policy, where applicable.
In synthetic replication, engagement with issuers and exercise of voting rights, if any, are only applied for the substitute basket underlying securities.
The BNP Paribas Growth Europe ESG Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product:
- The percentage of the financial product’s economic exposure compliant with the RBC policy;
- The percentage of the financial product’s economic exposure covered by the ESG analysis based on external and/or ESG proprietary methodology(ies);
- The minimum percentage of the financial product’s economic exposure investment universe reduction due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC policy and/or any other extra financial criteria;
- The weighted average ESG score of the financial product’s economic exposure compared to the weighted average ESG score of its investment universe, as defined in the Prospectus;
- The average carbon footprint of the financial product’s economic exposure compared to the average carbon footprint of its investment universe;
- The percentage of the financial product’s economic exposure in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments to which the financial product is exposed are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
As of the date of the prospectus, the financial product applies synthetic replication. Consequently, the sustainable investments to which the financial product is exposed and described below are the ones of the underlying securities of the financial derivative instruments such as Total Return Swaps (TRS) used on a continuous basis for achieving the investment policy.
The investment manager is using, as of the date of the prospectus, BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company
2
must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental and social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle)) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com)

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH Principle). In this respect, the investment manager commits to considering principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR and to not get exposed to companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.
The investment manager ensures that throughout its investment process, the financial product takes into account principal adverse impact indicators that are relevant to its investment strategy to select the sustainable investments that the financial product partially intends to make by systematically implementing the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS) into its investment process: RBC policy, ESG integration guidelines, Stewardship, the forward-looking vision – the ‘3Es’ (Energy transition, Environmental sustainability, Equality & Inclusive Growth).
The RBC policy establishes a common framework across investments and economic activities that help identify industries and behaviours presenting a high risk of adverse impacts in violation of international norms. As part of the RBC Policy, sector policies provide a tailored approach to identify and prioritize principal adverse impacts based on the nature of the economic activity, and in many cases, the geography in which these economic activities take place.
The ESG Integration Guidelines includes a series of commitments, which are material to consideration of principal adverse sustainability impacts, and guides the internal ESG integration process. The proprietary ESG scoring framework includes an assessment of a number of adverse sustainability impacts caused by companies in which we invest.
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Outcome of this assessment may impact the valuation models as well as the portfolio construction depending on the severity and materiality of adverse impacts identified.
Thus, the Investment Manager considers principal adverse sustainability impacts throughout the investment process through the use of the internal ESG scores and construction of the portfolio with an improved ESG profile compared to its investment universe.
The Forward-looking perspective defines a set of objectives and developed performance indicators to measure how the researches, portfolios and commitments are aligned on three issues, the “3Es” (Energy transition, Environmental sustainability, Equality & inclusive growth) and thus support investment processes.
Furthermore, the Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts.
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and Principal Adverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
4

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The investment universe of the financial product investment strategy is periodically screened with a view to identify issuers that are potentially in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights.
This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
If an issuer is found to be in serious and repeated violations of any of the principles, it will be placed on an “exclusion list” and will not be available for investment. Existing investments should be divested from the portfolio according to an internal procedure. If an issuer is at risk of violating any of the principles, it is placed on a “watch list” monitored, as appropriate.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers principal adverse impacts on sustainability factors by systematically implementing the sustainable investment pillars defined in the GSS into its investment process. These pillars are covered by firm-wide policies that set criteria to identify, consider and prioritise as well as address or mitigate adverse sustainability impacts caused by issuers.
The RBC policy establishes a common framework across investments and economic activities that help identify industries and behaviours presenting a high risk of adverse impacts in violation of international norms. As part of the RBC Policy, sector policies provide a tailored approach to identify and prioritize principal adverse impacts based on the nature of the economic activity, and in many cases, the geography in which these economic activities take place.
The ESG Integration Guidelines includes a series of commitments, which are material to consideration of principal adverse sustainability impacts, and guides the internal ESG integration process. The proprietary ESG scoring framework includes an assessment of a number of adverse sustainability impacts caused by companies in which we invest. Outcome of this assessment may impact the valuation models as well as the portfolio construction depending on the severity and materiality of adverse impacts identified.
5
Thus, the investment manager considers principal adverse sustainability impacts throughout the investment process through the use of the internal ESG scores and the construction of the portfolio with an improved ESG profile compared to its investment universe.
The Forward-looking perspective defines a set of objectives and developed performance indicators to measure how the researches, portfolios and commitments are aligned on three issues, the “3Es” (Energy transition, Environmental sustainability, Equality & inclusive growth) and thus support all investment processes.
Furthermore, the Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts.
Actions to address or mitigate principal adverse sustainability impacts depend on the severity and materiality of these impacts. These actions are guided by the RBC Policy, ESG Integration Policy, Engagement and Voting Policy and include the following:
- Exclusion of issuers that are in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- Engagement with issuers with the aim of encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts;
- In case of equity holdings, voting at Annual General Meetings of companies the portfolio is invested in to promote good governance and advance environmental and social issues.
- Ensuring all securities included in the portfolio have supportive ESG research.
- Managing portfolios so that their ESG profile is better than the relevant benchmark or universeIn synthetic replication, engagement with issuers and exercise of voting rights, if any, are only applied for the substitute basket underlying securities.

Based on the above approach, and depending on the composition of the financial product’s portfolio (i.e. the type of issuer), the financial product considers and addresses or mitigates the following principal adverse sustainability impacts:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiatives6Social4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNPP AM SFDR disclosure statement: sustainabilityrisk integration and Principal Adverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the BNP Paribas Growth Europe ESG (TR) Index (the « Index») by investing in the shares issued by companies included in the Index, respecting the Index's weightings (full replication) or in a substitute basket, composed of, inter alia, shares of companies, debt securities or cash (synthetic replication).
When investing in a basket of securities called substitute basket the performance is swapped with the performance of the Index, generating counterparty risk.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The Index is composed of European equities whose financial statements indicate strong growth based on fundamental data and an optimization methodology designed to capture the performance generated by the Growth factor, while taking into account an Environmental, Social and Governance (ESG) scoring and carbon footprint data. As a consequence, companies involved in disputable activities, subject to significant violations of the principles of the United Nations Global Compact or companies that have been involved in serious controversies related to the ESG are excluded from the index. The type of approach implemented here is Best-in-class (Best-in-class approach identifies leaders in each sector based on the best environmental, social and governance (ESG) practices (environmental opportunity, pollution and waste, human capital, corporate governance, etc.) , while avoiding those that present high levels of risk and do not comply with minimum ESG standards).
The extra-financial strategy of the Index may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the index, its composition, calculation and rules for monitoring and periodic rebalancing, as well as information on the general methodology common to all BNP Paribas indices, can be found at https://indx.bnpparibas.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its index
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product investment strategy shall comply with the RBC Policy by excluding companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be7in violation of international norms, or to cause unacceptable harm to society and/or the environment.

More information on the RBC Policy, and in particular criteria relating to sectoral exclusions, can be found on the website of the investment manager: Sustainabilitydocuments - BNPP AM Corporate English (bnpparibas-am.com).
- The financial product investment strategy shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the proprietary and/or external ESG methodology.
- The financial product’s investment universe of the investment strategy shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC Policy and/or other extra-financial criteria.
- The financial product shall have the weighted average ESG score of its investment strategy portfolio higher than the weighted average ESG score of its investment universe, as defined in the Prospectus.
- The financial product shall have the weighted average carbon footprint of its investment strategy portfolio lower than the weighted average carbon footprint of its investment universe.
- The financial product investment strategy shall invest at least 40% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product’s economic exposure investment universe is reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC Policy and/or other extra-financial criteria.

#### What is the policy to assess good governance practices of the investee companies?
The BNPP AM ESG scoring framework assesses corporate governance through a core set of standard key performance indicators for all sectors supplemented by sector specific metrics.
The governance metrics and indicators to assess good governance practices such as sound management structures, employee relations, remuneration of staff and tax compliance include but are not limited to:
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.
- Separation of power (e.g. Split CEO/Chair),
- Board diversity,
- Executive pay (remuneration policy),
- Board Independence, and key committees independence
- Accountability of directors,
- Financial expertise of the Audit Committee,
- Respect of shareholders rights and absence of antitakeover devices
- The presence of appropriate policies (i.e. Bribery and corruption, whistleblower),
- Tax disclosure,
- An assessment of prior negative incidents relating to governance.

8
The ESG analysis goes beyond the framework to look at a more qualitative assessment of how the insights from our ESG model are reflected in the culture and operations of investee companies. In some cases, the ESG analysts will conduct due diligence meetings to better understand the company’s approach to corporate governance.
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
As of the date of the prospectus, the financial product applies synthetic replication. Consequently, the asset allocation planned for this financial product, as well as any minimum proportion described below, are the ones of the underlying portfolio of the financial derivative instruments such as Total Return Swaps (TRS) used on a continuous basis for achieving the investment policy.
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 40%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And9- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
In synthetic replication, financial derivative instruments such as Total Return Swaps (TRS) are used on a continuous basis for achieving the investment policy which promotes environmental or social characteristics while ensuring that the securities physically held by the financial product (the ‘substitute basket’), performance of which is switched against the performance of the investment strategy, respect minimum extra-financial safeguards.
Synthetic replication is a framework where the TRS counterparty hedges its position and thus brings liquidity to all or a significant part of the ESG underlyings.
Financial derivative instruments may also be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
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The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds,
while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
excluding sovereign bonds*
1. Taxonomy-alignment of investments
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
including sovereign bonds*
|  | 0% |  | 0% |
| --- | --- | --- | --- |
| Taxonomy-aligned Other investments | 100% | Taxonomy-aligned Other investments | 100% |

* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 8%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 13%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
-  the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
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- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The BNP Paribas Growth Europe ESG Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: https://indx.bnpparibas.com/nr/FGEE.pdf.
12

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
13
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph,
of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY ESG LOW VOL EUROPE	Legal entity identifier: 2138005KLULNYP5HTJ87
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using ESG external and/or internal proprietary methodology(ies). As such, the product is exposed to issuers that demonstrate superior or improving environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases, treatment of waste;
	- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1

- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.
- A negative screening applying exclusion criteria with regard to issuers that are in violation of international norms and convention, such as the UN Nations Global Compact principles and OECD Guidelines for Multinational Enterprises, or operate in sensitive sectors as defined by the Responsible Business Conduct Policy (RBC) policy.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights, according to the Stewardship policy, where applicable.
In synthetic replication, engagement with issuers and exercise of voting rights, if any, are only applied for the substitute basket underlying securities.
The BNP Paribas Low Vol Europe ESG Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product:
- The percentage of the financial product’s economic exposure compliant with the RBC policy;
- The percentage of the financial product’s economic exposure covered by the ESG analysis based on external and/or ESG proprietary methodology(ies);
- The minimum percentage of the financial product’s economic exposure investment universe reduction due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC policy and/or any other extra financial criteria;
- The weighted average ESG score of the financial product’s economic exposure compared to the weighted average ESG score of its investment universe, as defined in the Prospectus;
- The average carbon footprint of the financial product’s economic exposure compared to the average carbon footprint of its investment universe;
- The percentage of the financial product’s economic exposure in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments to which the financial product is exposed are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
As of the date of the prospectus, the financial product applies synthetic replication. Consequently, the sustainable investments to which the financial product is exposed and described below are the ones of the underlying securities of the financial derivative instruments such as Total Return Swaps (TRS) used on a continuous basis for achieving the investment policy.
The investment manager is using, as of the date of the prospectus, BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company
2
must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental and social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle)) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com)

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH Principle). In this respect, the investment manager commits to considering principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR and to not get exposed to companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.
The investment manager ensures that throughout its investment process, the financial product takes into account principal adverse impact indicators that are relevant to its investment strategy to select the sustainable investments that the financial product partially intends to make by systematically implementing the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS) into its investment process: RBC policy, ESG integration guidelines, Stewardship, the forward-looking vision – the ‘3Es’ (Energy transition, Environmental sustainability, Equality & Inclusive Growth).
The RBC policy establishes a common framework across investments and economic activities that help identify industries and behaviours presenting a high risk of adverse impacts in violation of international norms. As part of the RBC Policy, sector policies provide a tailored approach to identify and prioritize principal adverse impacts based on the nature of the economic activity, and in many cases, the geography in which these economic activities take place.
The ESG Integration Guidelines includes a series of commitments, which are material to consideration of principal adverse sustainability impacts, and guides the internal ESG integration process. The proprietary ESG scoring framework includes an assessment of a number of adverse sustainability impacts caused by companies in which we invest.
3
Outcome of this assessment may impact the valuation models as well as the portfolio construction depending on the severity and materiality of adverse impacts identified.
Thus, the Investment Manager considers principal adverse sustainability impacts throughout the investment process through the use of the internal ESG scores and construction of the portfolio with an improved ESG profile compared to its investment universe.
The Forward-looking perspective defines a set of objectives and developed performance indicators to measure how the researches, portfolios and commitments are aligned on three issues, the “3Es” (Energy transition, Environmental sustainability, Equality & inclusive growth) and thus support investment processes.
Furthermore, the Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts.
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and Principal Adverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
4

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The investment universe of the financial product investment strategy is periodically screened with a view to identify issuers that are potentially in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights.
This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
If an issuer is found to be in serious and repeated violations of any of the principles, it will be placed on an “exclusion list” and will not be available for investment. Existing investments should be divested from the portfolio according to an internal procedure. If an issuer is at risk of violating any of the principles, it is placed on a “watch list” monitored, as appropriate.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers principal adverse impacts on sustainability factors by systematically implementing the sustainable investment pillars defined in the GSS into its investment process. These pillars are covered by firm-wide policies that set criteria to identify, consider and prioritise as well as address or mitigate adverse sustainability impacts caused by issuers.
The RBC policy establishes a common framework across investments and economic activities that help identify industries and behaviours presenting a high risk of adverse impacts in violation of international norms. As part of the RBC Policy, sector policies provide a tailored approach to identify and prioritize principal adverse impacts based on the nature of the economic activity, and in many cases, the geography in which these economic activities take place.
The ESG Integration Guidelines includes a series of commitments, which are material to consideration of principal adverse sustainability impacts, and guides the internal ESG integration process. The proprietary ESG scoring framework includes an assessment of a number of adverse sustainability impacts caused by companies in which we invest. Outcome
5
of this assessment may impact the valuation models as well as the portfolio construction depending on the severity and materiality of adverse impacts identified.
Thus, the investment manager considers principal adverse sustainability impacts throughout the investment process through the use of the internal ESG scores and the construction of the portfolio with an improved ESG profile compared to its investment universe.
The Forward-looking perspective defines a set of objectives and developed performance indicators to measure how the researches, portfolios and commitments are aligned on three issues, the “3Es” (Energy transition, Environmental sustainability, Equality & inclusive growth) and thus support all investment processes.
Furthermore, the Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts.
Actions to address or mitigate principal adverse sustainability impacts depend on the severity and materiality of these impacts. These actions are guided by the RBC Policy, ESG Integration Policy, Engagement and Voting Policy and include the following:
- Exclusion of issuers that are in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- Engagement with issuers with the aim of encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts;
- In case of equity holdings, voting at Annual General Meetings of companies the portfolio is invested in to promote good governance and advance environmental and social issues.
- Ensuring all securities included in the portfolio have supportive ESG research.
- Managing portfolios so that their ESG profile is better than the relevant benchmark or universeIn synthetic replication, engagement with issuers and exercise of voting rights, if any, are only applied for the substitute basket underlying securities.

Based on the above approach, and depending on the composition of the financial product’s portfolio (i.e. the type of issuer), the financial product considers and addresses or mitigates the following principal adverse sustainability impacts:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)6Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNPP AM SFDR disclosure statement: sustainabilityrisk integration and Principal Adverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the BNP Paribas Low Vol Europe ESG (NTR) index (Bloomberg: BNPIFELE index) (the Index) by investing in shares issued by companies included in the index, respecting the Index's weightings (full replication), or by investing in a substitute basket, composed of, inter alia, shares of companies, debt securities or cash (synthetic replication).
When investing in a basket of securities called substitute basket the performance is swapped with the performance of the index, generating counterparty risk.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The Index is composed of shares of European companies whose historical volatility is low, while taking into account an Environmental, Social and Governance (ESG) criteria (reduction of carbon emission, human capital, corporate governance etc.). Hence, companies involved in disputable activities, subject to significant violations of the principles of the United Nations Global Compact or companies that have been involved in serious controversies related to the ESG are excluded from the index.
The type of approach implemented here is Best-in-class (Best-in-class approach identifies leaders in each sector based on the best environmental, social and governance (ESG) practices, while avoiding those that present high levels of risk and do not comply with minimum ESG standards). The extra- financial strategy of the Index, carried out at each step of the investment process, may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the BNP Paribas indices can be found on https://indx.bnpparibas.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process.
7

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product investment strategy shall comply with the RBC Policy by excluding companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

More information on the RBC Policy, and in particular criteria relating to sectoral exclusions, can be found on the website of the investment manager: Sustainabilitydocuments - BNPP AM Corporate English (bnpparibas-am.com).
- The financial product investment strategy shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the proprietary and/or external ESG methodology.
- The financial product’s investment universe of the investment strategy shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC Policy and/or other extra-financial criteria.
- The financial product shall have the weighted average ESG score of its investment strategy portfolio higher than the weighted average ESG score of its investment universe, as defined in the Prospectus.
- The financial product shall have the weighted average carbon footprint of its investment strategy portfolio lower than the weighted average carbon footprint of its investment universe.
- The financial product investment strategy shall invest at least 45% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product’s economic exposure investment universe is reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC Policy and/or other extra-financial criteria.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The BNPP AM ESG scoring framework assesses corporate governance through a core set of standard key performance indicators for all sectors supplemented by sector specific metrics.
The governance metrics and indicators to assess good governance practices such as sound management structures, employee relations, remuneration of staff and tax compliance include but are not limited to:
8
- Separation of power (e.g. Split CEO/Chair),
- Board diversity,
- Executive pay (remuneration policy),
- Board Independence, and key committees independence
- Accountability of directors,
- Financial expertise of the Audit Committee,
- Respect of shareholders rights and absence of antitakeover devices
- The presence of appropriate policies (i.e. Bribery and corruption, whistleblower),
- Tax disclosure,
- An assessment of prior negative incidents relating to governance.

The ESG analysis goes beyond the framework to look at a more qualitative assessment of how the insights from our ESG model are reflected in the culture and operations of investee companies. In some cases, the ESG analysts will conduct due diligence meetings to better understand the company’s approach to corporate governance.
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
As of the date of the prospectus, the financial product applies synthetic replication. Consequently, the asset allocation planned for this financial product, as well as any minimum proportion described below, are the ones of the underlying portfolio of the financial derivative instruments such as Total Return Swaps (TRS) used on a continuous basis for achieving the investment policy.
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 45%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And9- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.

In synthetic replication, financial derivative instruments such as Total Return Swaps (TRS) are used on a continuous basis for achieving the investment policy which promotes environmental or social characteristics while ensuring that the securities physically held by the financial product (the ‘substitute basket’), performance of which is switched against the performance of the investment strategy, respect minimum extra-financial safeguards.
Synthetic replication is a framework where the TRS counterparty hedges its position and thus brings liquidity to all or a significant part of the ESG underlyings.
Financial derivative instruments may also be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
10
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds,
while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
1. Taxonomy-alignment of investments
including sovereign bonds*
0%
Taxonomy-aligned
1. Taxonomy-alignment of investments
excluding sovereign bonds*
0%
Taxonomy-aligned
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 11%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 14%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
-  the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
11
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The BNP Paribas Low Vol Europe ESG Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: https://indx.bnpparibas.com/nr/FELETR.pdf.
12

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
13
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph,
of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY ESG LOW VOL US	Legal entity identifier: 213800IQX66PWZ6MEE84
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using ESG external and/or internal proprietary methodology(ies). As such, the product is exposed to issuers that demonstrate superior or improving environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases, treatment of waste;
	- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1

- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.
- A negative screening applying exclusion criteria with regard to issuers that are in violation of international norms and convention, such as the UN Nations Global Compact principles and OECD Guidelines for Multinational Enterprises, or operate in sensitive sectors as defined by the Responsible Business Conduct Policy (RBC) policy.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights, according to the Stewardship policy, where applicable.
In synthetic replication, engagement with issuers and exercise of voting rights, if any, are only applied for the substitute basket underlying securities.
The BNP Paribas Low Vol US ESG Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product:
- The percentage of the financial product’s economic exposure compliant with the RBC policy;
- The percentage of the financial product’s economic exposure covered by the ESG analysis based on external and/or ESG proprietary methodology(ies);
- The minimum percentage of the financial product’s economic exposure investment universe reduction due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC policy and/or any other extra financial criteria;
- The weighted average ESG score of the financial product’s economic exposure compared to the weighted average ESG score of its investment universe, as defined in the Prospectus;
- The average carbon footprint of the financial product’s economic exposure compared to the average carbon footprint of its investment universe;
- The percentage of the financial product’s economic exposure in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments to which the financial product is exposed are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
As of the date of the prospectus, the financial product applies synthetic replication. Consequently, the sustainable investments to which the financial product is exposed and described below are the ones of the underlying securities of the financial derivative instruments such as Total Return Swaps (TRS) used on a continuous basis for achieving the investment policy.
The investment manager is using, as of the date of the prospectus, BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company
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must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental and social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle)) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com)

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH Principle). In this respect, the investment manager commits to considering principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR and to not get exposed to companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.
The investment manager ensures that throughout its investment process, the financial product takes into account principal adverse impact indicators that are relevant to its investment strategy to select the sustainable investments that the financial product partially intends to make by systematically implementing the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS) into its investment process: RBC policy, ESG integration guidelines, Stewardship, the forward-looking vision – the ‘3Es’ (Energy transition, Environmental sustainability, Equality & Inclusive Growth).
The RBC policy establishes a common framework across investments and economic activities that help identify industries and behaviours presenting a high risk of adverse impacts in violation of international norms. As part of the RBC Policy, sector policies provide a tailored approach to identify and prioritize principal adverse impacts based on the nature of the economic activity, and in many cases, the geography in which these economic activities take place.
The ESG Integration Guidelines includes a series of commitments, which are material to consideration of principal adverse sustainability impacts, and guides the internal ESG integration process. The proprietary ESG scoring framework includes an assessment of a number of adverse sustainability impacts caused by companies in which we invest.
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Outcome of this assessment may impact the valuation models as well as the portfolio construction depending on the severity and materiality of adverse impacts identified.
Thus, the Investment Manager considers principal adverse sustainability impacts throughout the investment process through the use of the internal ESG scores and construction of the portfolio with an improved ESG profile compared to its investment universe.
The Forward-looking perspective defines a set of objectives and developed performance indicators to measure how the researches, portfolios and commitments are aligned on three issues, the “3Es” (Energy transition, Environmental sustainability, Equality & inclusive growth) and thus support investment processes.
Furthermore, the Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts.
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and Principal Adverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
4

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The investment universe of the financial product investment strategy is periodically screened with a view to identify issuers that are potentially in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights.
This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
If an issuer is found to be in serious and repeated violations of any of the principles, it will be placed on an “exclusion list” and will not be available for investment. Existing investments should be divested from the portfolio according to an internal procedure. If an issuer is at risk of violating any of the principles, it is placed on a “watch list” monitored, as appropriate.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers principal adverse impacts on sustainability factors by systematically implementing the sustainable investment pillars defined in the GSS into its investment process. These pillars are covered by firm-wide policies that set criteria to identify, consider and prioritise as well as address or mitigate adverse sustainability impacts caused by issuers.
The RBC policy establishes a common framework across investments and economic activities that help identify industries and behaviours presenting a high risk of adverse impacts in violation of international norms. As part of the RBC Policy, sector policies provide a tailored approach to identify and prioritize principal adverse impacts based on the nature of the economic activity, and in many cases, the geography in which these economic activities take place.
The ESG Integration Guidelines includes a series of commitments, which are material to consideration of principal adverse sustainability impacts, and guides the internal ESG integration process. The proprietary ESG scoring framework includes an assessment of a number of adverse sustainability impacts caused by companies in which we invest. Outcome of this assessment may impact the valuation models as well as the portfolio construction depending on the severity and materiality of adverse impacts identified.
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Thus, the investment manager considers principal adverse sustainability impacts throughout the investment process through the use of the internal ESG scores and the construction of the portfolio with an improved ESG profile compared to its investment universe.
The Forward-looking perspective defines a set of objectives and developed performance indicators to measure how the researches, portfolios and commitments are aligned on three issues, the “3Es” (Energy transition, Environmental sustainability, Equality & inclusive growth) and thus support all investment processes.
Furthermore, the Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts.
Actions to address or mitigate principal adverse sustainability impacts depend on the severity and materiality of these impacts. These actions are guided by the RBC Policy, ESG Integration Policy, Engagement and Voting Policy and include the following:
- Exclusion of issuers that are in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- Engagement with issuers with the aim of encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts;
- In case of equity holdings, voting at Annual General Meetings of companies the portfolio is invested in to promote good governance and advance environmental and social issues.
- Ensuring all securities included in the portfolio have supportive ESG research.
- Managing portfolios so that their ESG profile is better than the relevant benchmark or universeIn synthetic replication, engagement with issuers and exercise of voting rights, if any, are only applied for the substitute basket underlying securities.

Based on the above approach, and depending on the composition of the financial product’s portfolio (i.e. the type of issuer), the financial product considers and addresses or mitigates the following principal adverse sustainability impacts:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiatives6Social4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNPP AM SFDR disclosure statement: sustainabilityrisk integration and Principal Adverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the BNP Paribas Low Vol US ESG (NTR) (Bloomberg: BNPIFELU index) (the Index) by investing in shares issued by companies included in the index, respecting the Index's weightings (full replication), or by investing in a substitute basket, composed of, inter alia, shares of companies, debt securities or cash (synthetic replication).
When investing in a basket of securities called substitute basket the performance is swapped with the performance of the index, generating counterparty risk.
The Index is composed of shares of US companies whose historical volatility is low, while taking into account an Environmental, Social and Governance (ESG) criteria (reduction of carbon emission, human capital, corporate governance etc.). Hence, companies involved in disputable activities, subject to significant violations of the principles of the United Nations Global Compact or companies that have been involved in serious controversies related to the ESG are excluded from the index. The type of approach implemented here is Best-in-class (Best-in-class approach identifies leaders in each sector based on the best environmental, social and governance (ESG) practices, while avoiding those that present high levels of risk and do not comply with minimum ESG standards). The extra-financial strategy of the Index, carried out at each step of the investment process, may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the BNP Paribas indices can be found on https://indx.bnpparibas.com.
The performance of the product, denominated in EUR, is not hedged against the USD currency risk.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product investment strategy shall comply with the RBC Policy by excluding companies involved in controversies due to poor practices related to human and labour7rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

More information on the RBC Policy, and in particular criteria relating to sectoral exclusions, can be found on the website of the investment manager: Sustainabilitydocuments - BNPP AM Corporate English (bnpparibas-am.com).
- The financial product investment strategy shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the proprietary and/or external ESG methodology.
- The financial product’s investment universe of the investment strategy shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC Policy and/or other extra-financial criteria.
- The financial product shall have the weighted average ESG score of its investment strategy portfolio higher than the weighted average ESG score of its investment universe, as defined in the Prospectus.
- The financial product shall have the weighted average carbon footprint of its investment strategy portfolio lower than the weighted average carbon footprint of its investment universe.
- The financial product investment strategy shall invest at least 25% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product’s economic exposure investment universe is reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC Policy and/or other extra-financial criteria.

#### What is the policy to assess good governance practices of the investee companies?
The BNPP AM ESG scoring framework assesses corporate governance through a core set of standard key performance indicators for all sectors supplemented by sector specific metrics.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.
The governance metrics and indicators to assess good governance practices such as sound management structures, employee relations, remuneration of staff and tax compliance include but are not limited to:
- Separation of power (e.g. Split CEO/Chair),
- Board diversity,
- Executive pay (remuneration policy),
- Board Independence, and key committees independence
- Accountability of directors,
- Financial expertise of the Audit Committee,
- Respect of shareholders rights and absence of antitakeover devices
- The presence of appropriate policies (i.e. Bribery and corruption, whistleblower),8
- Tax disclosure,
- An assessment of prior negative incidents relating to governance.

The ESG analysis goes beyond the framework to look at a more qualitative assessment of how the insights from our ESG model are reflected in the culture and operations of investee companies. In some cases, the ESG analysts will conduct due diligence meetings to better understand the company’s approach to corporate governance.
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
As of the date of the prospectus, the financial product applies synthetic replication. Consequently, the asset allocation planned for this financial product, as well as any minimum proportion described below, are the ones of the underlying portfolio of the financial derivative instruments such as Total Return Swaps (TRS) used on a continuous basis for achieving the investment policy.
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 25%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And9the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.

In synthetic replication, financial derivative instruments such as Total Return Swaps (TRS) are used on a continuous basis for achieving the investment policy which promotes environmental or social characteristics while ensuring that the securities physically held by the financial product (the ‘substitute basket’), performance of which is switched against the performance of the investment strategy, respect minimum extra-financial safeguards.
Synthetic replication is a framework where the TRS counterparty hedges its position and thus brings liquidity to all or a significant part of the ESG underlyings.
Financial derivative instruments may also be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
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The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds,
while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
1. Taxonomy-alignment of investments
including sovereign bonds*
0%
Taxonomy-aligned
1. Taxonomy-alignment of investments
excluding sovereign bonds*
0%
Taxonomy-aligned
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 6%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 9%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
-  the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
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- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The BNP Paribas Low Vol US ESG Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: https://indx.bnpparibas.com/nr/FELUTR.pdf.
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### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
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Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph,
of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY ESG MOMENTUM EUROPE	Legal entity identifier: 213800CUB95MBN63Q829
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using ESG external and/or internal proprietary methodology(ies). As such, the product is exposed to issuers that demonstrate superior or improving environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases, treatment of waste;
	- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1

- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.
- A negative screening applying exclusion criteria with regard to issuers that are in violation of international norms and convention, such as the UN Nations Global Compact principles and OECD Guidelines for Multinational Enterprises, or operate in sensitive sectors as defined by the Responsible Business Conduct Policy (RBC) policy.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights, according to the Stewardship policy, where applicable.
In synthetic replication, engagement with issuers and exercise of voting rights, if any, are only applied for the substitute basket underlying securities.
The BNP Paribas Momentum Europe ESG Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product:
- The percentage of the financial product’s economic exposure compliant with the RBC policy;
- The percentage of the financial product’s economic exposure covered by the ESG analysis based on external and/or ESG proprietary methodology(ies);
- The minimum percentage of the financial product’s economic exposure investment universe reduction due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC policy and/or any other extra financial criteria;
- The weighted average ESG score of the financial product’s economic exposure compared to the weighted average ESG score of its investment universe, as defined in the Prospectus;
- The average carbon footprint of the financial product’s economic exposure compared to the average carbon footprint of its investment universe;
- The percentage of the financial product’s economic exposure in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments to which the financial product is exposed are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
As of the date of the prospectus, the financial product applies synthetic replication. Consequently, the sustainable investments to which the financial product is exposed and described below are the ones of the underlying securities of the financial derivative instruments such as Total Return Swaps (TRS) used on a continuous basis for achieving the investment policy.
The investment manager is using, as of the date of the prospectus, BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company
2
must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental and social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle)) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com)

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH Principle). In this respect, the investment manager commits to considering principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR and to not get exposed to companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.
The investment manager ensures that throughout its investment process, the financial product takes into account principal adverse impact indicators that are relevant to its investment strategy to select the sustainable investments that the financial product partially intends to make by systematically implementing the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS) into its investment process: RBC policy, ESG integration guidelines, Stewardship, the forward-looking vision – the ‘3Es’ (Energy transition, Environmental sustainability, Equality & Inclusive Growth).
The RBC policy establishes a common framework across investments and economic activities that help identify industries and behaviours presenting a high risk of adverse impacts in violation of international norms. As part of the RBC Policy, sector policies provide a tailored approach to identify and prioritize principal adverse impacts based on the nature of the economic activity, and in many cases, the geography in which these economic
activities take place.
The ESG Integration Guidelines includes a series of commitments, which are material to consideration of principal adverse sustainability impacts, and guides the internal ESG integration process. The proprietary ESG scoring framework includes an assessment of a number of adverse sustainability impacts caused by companies in which we invest.
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Outcome of this assessment may impact the valuation models as well as the portfolio construction depending on the severity and materiality of adverse impacts identified.
Thus, the Investment Manager considers principal adverse sustainability impacts throughout the investment process through the use of the internal ESG scores and construction of the portfolio with an improved ESG profile compared to its investment universe.
The Forward-looking perspective defines a set of objectives and developed performance indicators to measure how the researches, portfolios and commitments are aligned on three issues, the “3Es” (Energy transition, Environmental sustainability, Equality & inclusive growth) and thus support investment processes.
Furthermore, the Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts.
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and Principal Adverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
4

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The investment universe of the financial product investment strategy is periodically screened with a view to identify issuers that are potentially in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights.
This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
If an issuer is found to be in serious and repeated violations of any of the principles, it will be placed on an “exclusion list” and will not be available for investment. Existing investments should be divested from the portfolio according to an internal procedure. If an issuer is at risk of violating any of the principles, it is placed on a “watch list” monitored, as appropriate.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers principal adverse impacts on sustainability factors by systematically implementing the sustainable investment pillars defined in the GSS into its investment process. These pillars are covered by firm-wide policies that set criteria to identify, consider and prioritise as well as address or mitigate adverse sustainability impacts caused by issuers.
The RBC policy establishes a common framework across investments and economic activities that help identify industries and behaviours presenting a high risk of adverse impacts in violation of international norms. As part of the RBC Policy, sector policies provide a tailored approach to identify and prioritize principal adverse impacts based on the nature of the economic activity, and in many cases, the geography in which these economic activities take place.
The ESG Integration Guidelines includes a series of commitments, which are material to consideration of principal adverse sustainability impacts, and guides the internal ESG integration process. The proprietary ESG scoring framework includes an assessment of a number of adverse sustainability impacts caused by companies in which we invest. Outcome of this assessment may impact the valuation models as well as the portfolio construction depending on the severity and materiality of adverse impacts identified.
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Thus, the investment manager considers principal adverse sustainability impacts throughout the investment process through the use of the internal ESG scores and the construction of the portfolio with an improved ESG profile compared to its investment universe.
The Forward-looking perspective defines a set of objectives and developed performance indicators to measure how the researches, portfolios and commitments are aligned on three issues, the “3Es” (Energy transition, Environmental sustainability, Equality & inclusive growth) and thus support all investment processes.
Furthermore, the Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts.
Actions to address or mitigate principal adverse sustainability impacts depend on the severity and materiality of these impacts. These actions are guided by the RBC Policy, ESG Integration Policy, Engagement and Voting Policy and include the following:
- Exclusion of issuers that are in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- Engagement with issuers with the aim of encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts;
- In case of equity holdings, voting at Annual General Meetings of companies the portfolio is invested in to promote good governance and advance environmental and social issues.
- Ensuring all securities included in the portfolio have supportive ESG research.
- Managing portfolios so that their ESG profile is better than the relevant benchmark or universeIn synthetic replication, engagement with issuers and exercise of voting rights, if any, are only applied for the substitute basket underlying securities.

Based on the above approach, and depending on the composition of the financial product’s portfolio (i.e. the type of issuer), the financial product considers and addresses or mitigates the following principal adverse sustainability impacts:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiatives6Social4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNPP AM SFDR disclosure statement: sustainabilityrisk integration and Principal Adverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the BNP Paribas Momentum Europe ESG (NTR) index (Bloomberg: BNPIFEME index) (the Index) by investing in shares issued by companies included in the index, respecting the Index's weightings (full replication), or by investing in a substitute basket, composed of, inter alia, shares of companies, debt securities or cash (synthetic replication).
When investing in a basket of securities called substitute basket the performance is swapped with the performance of the index, generating counterparty risk.
The Index is composed of shares of European companies whose financial statements indicate strong Momentum based on fundamental data and an optimization methodology designed to capture the performance generated by the Momentum factor, while taking into account an Environmental, Social and Governance (ESG) criteria (reduction of carbon emission, human capital, corporate governance etc.). Hence, companies involved in disputable activities, subject to significant violations of the principles of the United Nations Global Compact or companies that have been involved in serious controversies related to the ESG are excluded from the index.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The type of approach implemented here is Best-in-class (Best-in-class approach identifies leaders in each sector based on the best environmental, social and governance (ESG) practices, while avoiding those that present high levels of risk and do not comply with minimum ESG standards). The extra- financial strategy of the Index, carried out at each step of the investment process, may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the BNP Paribas indices can be found on https://indx.bnpparibas.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process.
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#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product investment strategy shall comply with the RBC Policy by excluding companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

More information on the RBC Policy, and in particular criteria relating to sectoral exclusions, can be found on the website of the investment manager: Sustainabilitydocuments - BNPP AM Corporate English (bnpparibas-am.com).
- The financial product investment strategy shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the proprietary and/or external ESG methodology.
- The financial product’s investment universe of the investment strategy shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC Policy and/or other extra-financial criteria.
- The financial product shall have the weighted average ESG score of its investment strategy portfolio higher than the weighted average ESG score of its investment universe, as defined in the Prospectus.
- The financial product shall have the weighted average carbon footprint of its investment strategy portfolio lower than the weighted average carbon footprint of its investment universe.
- The financial product investment strategy shall invest at least 35% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product’s economic exposure investment universe is reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC Policy and/or other extra-financial criteria.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The BNPP AM ESG scoring framework assesses corporate governance through a core set of standard key performance indicators for all sectors supplemented by sector specific metrics.
The governance metrics and indicators to assess good governance practices such as sound management structures, employee relations, remuneration of staff and tax compliance include but are not limited to:
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- Separation of power (e.g. Split CEO/Chair),
- Board diversity,
- Executive pay (remuneration policy),
- Board Independence, and key committees independence
- Accountability of directors,
- Financial expertise of the Audit Committee,
- Respect of shareholders rights and absence of antitakeover devices
- The presence of appropriate policies (i.e. Bribery and corruption, whistleblower),
- Tax disclosure,
- An assessment of prior negative incidents relating to governance.

The ESG analysis goes beyond the framework to look at a more qualitative assessment of how the insights from our ESG model are reflected in the culture and operations of investee companies. In some cases, the ESG analysts will conduct due diligence meetings to better understand the company’s approach to corporate governance.
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
As of the date of the prospectus, the financial product applies synthetic replication. Consequently, the asset allocation planned for this financial product, as well as any minimum proportion described below, are the ones of the underlying portfolio of the financial derivative instruments such as Total Return Swaps (TRS) used on a continuous basis for achieving the investment policy.
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 35%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And9- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
In synthetic replication, financial derivative instruments such as Total Return Swaps (TRS) are used on a continuous basis for achieving the investment policy which promotes environmental or social characteristics while ensuring that the securities physically held by the financial product (the ‘substitute basket’), performance of which is switched against the performance of the investment strategy, respect minimum extra-financial safeguards.
Synthetic replication is a framework where the TRS counterparty hedges its position and thus brings liquidity to all or a significant part of the ESG underlyings.
Financial derivative instruments may also be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
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The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds,
while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
excluding sovereign bonds*
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
1. Taxonomy-alignment of investments
including sovereign bonds*
|  | 0% |  | 0% |
| --- | --- | --- | --- |
| Taxonomy-aligned Other investments | 100% | Taxonomy-aligned Other investments | 100% |

* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 11%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 13%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
-  the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
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- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The BNP Paribas Momentum Europe ESG Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: https://indx.bnpparibas.com/nr/FEMETR.pdf.
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### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
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Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph,
of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY ESG QUALITY EUROPE	Legal entity identifier: 2138009SZIFSH2QB3J69
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using ESG external and/or internal proprietary methodology(ies). As such, the product is exposed to issuers that demonstrate superior or improving environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases, treatment of waste;
	- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1

- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.
- A negative screening applying exclusion criteria with regard to issuers that are in violation of international norms and convention, such as the UN Nations Global Compact principles and OECD Guidelines for Multinational Enterprises, or operate in sensitive sectors as defined by the Responsible Business Conduct Policy (RBC) policy.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights, according to the Stewardship policy, where applicable.
In synthetic replication, engagement with issuers and exercise of voting rights, if any, are only applied for the substitute basket underlying securities.
The BNP Paribas Quality Europe ESG Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product:
- The percentage of the financial product’s economic exposure compliant with the RBC policy;
- The percentage of the financial product’s economic exposure covered by the ESG analysis based on external and/or ESG proprietary methodology(ies);
- The minimum percentage of the financial product’s economic exposure investment universe reduction due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC policy and/or any other extra financial criteria;
- The weighted average ESG score of the financial product’s economic exposure compared to the weighted average ESG score of its investment universe as defined in the Prospectus;;
- The average carbon footprint of the financial product’s economic exposure compared to the average carbon footprint of its investment universe;
- The percentage of the financial product’s economic exposure in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments to which the financial product is exposed are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
As of the date of the prospectus, the financial product applies synthetic replication. Consequently, the sustainable investments to which the financial product is exposed and described below are the ones of the underlying securities of the financial derivative instruments such as Total Return Swaps (TRS) used on a continuous basis for achieving the investment policy.
The investment manager is using, as of the date of the prospectus, BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company
2
must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental and social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle)) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com)

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH Principle). In this respect, the investment manager commits to considering principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR and to not get exposed to companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.
The investment manager ensures that throughout its investment process, the financial product takes into account principal adverse impact indicators that are relevant to its investment strategy to select the sustainable investments that the financial product partially intends to make by systematically implementing the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS) into its investment process: RBC policy, ESG integration guidelines, Stewardship, the forward-looking vision – the ‘3Es’ (Energy transition, Environmental sustainability, Equality & Inclusive Growth).
The RBC policy establishes a common framework across investments and economic activities that help identify industries and behaviours presenting a high risk of adverse impacts in violation of international norms. As part of the RBC Policy, sector policies provide a tailored approach to identify and prioritize principal adverse impacts based on the nature of the economic activity, and in many cases, the geography in which these economic activities take place.
The ESG Integration Guidelines includes a series of commitments, which are material to consideration of principal adverse sustainability impacts, and guides the internal ESG integration process. The proprietary ESG scoring framework includes an assessment of a number of adverse sustainability impacts caused by companies in which we invest.
3
Outcome of this assessment may impact the valuation models as well as the portfolio construction depending on the severity and materiality of adverse impacts identified.
Thus, the Investment Manager considers principal adverse sustainability impacts throughout the investment process through the use of the internal ESG scores and construction of the portfolio with an improved ESG profile compared to its investment universe.
The Forward-looking perspective defines a set of objectives and developed performance indicators to measure how the researches, portfolios and commitments are aligned on three issues, the “3Es” (Energy transition, Environmental sustainability, Equality & inclusive growth) and thus support investment processes.
Furthermore, the Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts.
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and Principal Adverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
4

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The investment universe of the financial product investment strategy is periodically screened with a view to identify issuers that are potentially in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights.
This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
If an issuer is found to be in serious and repeated violations of any of the principles, it will be placed on an “exclusion list” and will not be available for investment. Existing investments should be divested from the portfolio according to an internal procedure. If an issuer is at risk of violating any of the principles, it is placed on a “watch list” monitored, as appropriate.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers principal adverse impacts on sustainability factors by systematically implementing the sustainable investment pillars defined in the GSS into its investment process. These pillars are covered by firm-wide policies that set criteria to identify, consider and prioritise as well as address or mitigate adverse sustainability impacts caused by issuers.
The RBC policy establishes a common framework across investments and economic activities that help identify industries and behaviours presenting a high risk of adverse impacts in violation of international norms. As part of the RBC Policy, sector policies provide a tailored approach to identify and prioritize principal adverse impacts based on the nature of the economic activity, and in many cases, the geography in which these economic activities take place.
The ESG Integration Guidelines includes a series of commitments, which are material to consideration of principal adverse sustainability impacts, and guides the internal ESG integration process. The proprietary ESG scoring framework includes an assessment of a number of adverse sustainability impacts caused by companies in which we invest. Outcome of this assessment may impact the valuation models as well as the portfolio construction depending on the severity and materiality of adverse impacts identified.
5
Thus, the investment manager considers principal adverse sustainability impacts throughout the investment process through the use of the internal ESG scores and the construction of the portfolio with an improved ESG profile compared to its investment universe.
The Forward-looking perspective defines a set of objectives and developed performance indicators to measure how the researches, portfolios and commitments are aligned on three issues, the “3Es” (Energy transition, Environmental sustainability, Equality & inclusive growth) and thus support all investment processes.
Furthermore, the Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts.
Actions to address or mitigate principal adverse sustainability impacts depend on the severity and materiality of these impacts. These actions are guided by the RBC Policy, ESG Integration Policy, Engagement and Voting Policy and include the following:
- Exclusion of issuers that are in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- Engagement with issuers with the aim of encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts;
- In case of equity holdings, voting at Annual General Meetings of companies the portfolio is invested in to promote good governance and advance environmental and social issues.
- Ensuring all securities included in the portfolio have supportive ESG research.
- Managing portfolios so that their ESG profile is better than the relevant benchmark or universeIn synthetic replication, engagement with issuers and exercise of voting rights, if any, are only applied for the substitute basket underlying securities.

Based on the above approach, and depending on the composition of the financial product’s portfolio (i.e. the type of issuer), the financial product considers and addresses or mitigates the following principal adverse sustainability impacts:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiatives6Social4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNPP AM SFDR disclosure statement: sustainabilityrisk integration and Principal Adverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the BNP Paribas Value Europe ESG (NTR) index (Bloomberg: BNPIFEVE index) (the Index) by investing in shares issued by companies included in the index, respecting the Index's weightings (full replication), or by investing in a substitute basket, composed of, inter alia, shares of companies, debt securities or cash (synthetic replication).
When investing in a basket of securities called substitute basket the performance is swapped with the performance of the index, generating counterparty risk.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The Index is composed of shares of European companies based on financial and academic research that explores fundamental undervalued companies, while taking into account an Environmental, Social and Governance (ESG) criteria (reduction of carbon emission, human capital, corporate governance etc.). Hence, companies involved in disputable activities, subject to significant violations of the principles of the United Nations Global Compact or companies that have been involved in serious controversies related to the ESG are excluded from the index. The type of approach implemented here is Best-in- class (Best-in-class approach identifies leaders in each sector based on the best environmental, social and governance (ESG) practices, while avoiding those that present high levels of risk and do not comply with minimum ESG standards). The extra-financial strategy of the Index, carried out at each step of the investment process, may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the BNP Paribas indices can be found on https://indx.bnpparibas.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product investment strategy shall comply with the RBC Policy by excluding companies involved in controversies due to poor practices related to human and labour7rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

More information on the RBC Policy, and in particular criteria relating to sectoral exclusions, can be found on the website of the investment manager: Sustainabilitydocuments - BNPP AM Corporate English (bnpparibas-am.com).
- The financial product investment strategy shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the proprietary and/or external ESG methodology.
- The financial product’s investment universe of the investment strategy shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC Policy and/or other extra-financial criteria.
- The financial product shall have the weighted average ESG score of its investment strategy portfolio higher than the weighted average ESG score of its investment universe, as defined in the Prospectus.
- The financial product shall have the weighted average carbon footprint of its investment strategy portfolio lower than the weighted average carbon footprint of its investment universe.
- The financial product investment strategy shall invest at least 35% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product’s economic exposure investment universe is reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC Policy and/or other extra-financial criteria.

#### What is the policy to assess good governance practices of the investee companies?
The BNPP AM ESG scoring framework assesses corporate governance through a core set of standard key performance indicators for all sectors supplemented by sector specific metrics.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.
The governance metrics and indicators to assess good governance practices such as sound management structures, employee relations, remuneration of staff and tax compliance include but are not limited to:
- Separation of power (e.g. Split CEO/Chair),
- Board diversity,
- Executive pay (remuneration policy),
- Board Independence, and key committees independence
- Accountability of directors,
- Financial expertise of the Audit Committee,
- Respect of shareholders rights and absence of antitakeover devices
- The presence of appropriate policies (i.e. Bribery and corruption, whistleblower),8
- Tax disclosure,
- An assessment of prior negative incidents relating to governance.

The ESG analysis goes beyond the framework to look at a more qualitative assessment of how the insights from our ESG model are reflected in the culture and operations of investee companies. In some cases, the ESG analysts will conduct due diligence meetings to better understand the company’s approach to corporate governance.
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
As of the date of the prospectus, the financial product applies synthetic replication. Consequently, the asset allocation planned for this financial product, as well as any minimum proportion described below, are the ones of the underlying portfolio of the financial derivative instruments such as Total Return Swaps (TRS) used on a continuous basis for achieving the investment policy.
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 35%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And9the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.

In synthetic replication, financial derivative instruments such as Total Return Swaps (TRS) are used on a continuous basis for achieving the investment policy which promotes environmental or social characteristics while ensuring that the securities physically held by the financial product (the ‘substitute basket’), performance of which is switched against the performance of the investment strategy, respect minimum extra-financial safeguards.
Synthetic replication is a framework where the TRS counterparty hedges its position and thus brings liquidity to all or a significant part of the ESG underlyings.
Financial derivative instruments may also be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
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The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds,
while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
1. Taxonomy-alignment of investments
including sovereign bonds*
0%
Taxonomy-aligned
1. Taxonomy-alignment of investments
excluding sovereign bonds*
0%
Taxonomy-aligned
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 6%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 15%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
-  the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
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- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The BNP Paribas Quality Europe ESG Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: https://indx.bnpparibas.com/nr/FEQETR.pdf.
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### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
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Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph,
of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY ESG VALUE EUROPE	Legal entity identifier: 213800M8Q7157WWVTH95
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using ESG external and/or internal proprietary methodology(ies). As such, the product is exposed to issuers that demonstrate superior or improving environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases, treatment of waste;
	- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1

- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.
- A negative screening applying exclusion criteria with regard to issuers that are in violation of international norms and convention, such as the UN Nations Global Compact principles and OECD Guidelines for Multinational Enterprises, or operate in sensitive sectors as defined by the Responsible Business Conduct Policy (RBC) policy.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights, according to the Stewardship policy, where applicable.
In synthetic replication, engagement with issuers and exercise of voting rights, if any, are only applied for the substitute basket underlying securities.
The BNP Paribas Value Europe ESG Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product:
- The percentage of the financial product’s economic exposure compliant with the RBC policy;
- The percentage of the financial product’s economic exposure covered by the ESG analysis based on external and/or ESG proprietary methodology(ies);
- The minimum percentage of the financial product’s economic exposure investment universe reduction due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC policy and/or any other extra financial criteria;
- The weighted average ESG score of the financial product’s economic exposure compared to the weighted average ESG score of its investment universe, as defined in the Prospectus;
- The average carbon footprint of the financial product’s economic exposure compared to the average carbon footprint of its investment universe;
- The percentage of the financial product’s economic exposure in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments to which the financial product is exposed are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
As of the date of the prospectus, the financial product applies synthetic replication. Consequently, the sustainable investments to which the financial product is exposed and described below are the ones of the underlying securities of the financial derivative instruments such as Total Return Swaps (TRS) used on a continuous basis for achieving the investment policy.
The investment manager is using, as of the date of the prospectus, BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company
2
must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental and social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle)) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com)

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH Principle). In this respect, the investment manager commits to considering principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR and to not get exposed to companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.
The investment manager ensures that throughout its investment process, the financial product takes into account principal adverse impact indicators that are relevant to its investment strategy to select the sustainable investments that the financial product partially intends to make by systematically implementing the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS) into its investment process: RBC policy, ESG integration guidelines, Stewardship, the forward-looking vision – the ‘3Es’ (Energy transition, Environmental sustainability, Equality & Inclusive Growth).
The RBC policy establishes a common framework across investments and economic activities that help identify industries and behaviours presenting a high risk of adverse impacts in violation of international norms. As part of the RBC Policy, sector policies provide a tailored approach to identify and prioritize principal adverse impacts based on the nature of the economic activity, and in many cases, the geography in which these economic activities take place.
The ESG Integration Guidelines includes a series of commitments, which are material to consideration of principal adverse sustainability impacts, and guides the internal ESG integration process. The proprietary ESG scoring framework includes an assessment of a number of adverse sustainability impacts caused by companies in which we invest.
3
Outcome of this assessment may impact the valuation models as well as the portfolio construction depending on the severity and materiality of adverse impacts identified.
Thus, the Investment Manager considers principal adverse sustainability impacts throughout the investment process through the use of the internal ESG scores and construction of the portfolio with an improved ESG profile compared to its investment universe.
The Forward-looking perspective defines a set of objectives and developed performance indicators to measure how the researches, portfolios and commitments are aligned on three issues, the “3Es” (Energy transition, Environmental sustainability, Equality & inclusive growth) and thus support investment processes.
Furthermore, the Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts.
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and Principal Adverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
4

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The investment universe of the financial product investment strategy is periodically screened with a view to identify issuers that are potentially in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights.
This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
If an issuer is found to be in serious and repeated violations of any of the principles, it will be placed on an “exclusion list” and will not be available for investment. Existing investments should be divested from the portfolio according to an internal procedure. If an issuer is at risk of violating any of the principles, it is placed on a “watch list” monitored, as appropriate.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers principal adverse impacts on sustainability factors by systematically implementing the sustainable investment pillars defined in the GSS into its investment process. These pillars are covered by firm-wide policies that set criteria to identify, consider and prioritise as well as address or mitigate adverse sustainability impacts caused by issuers.
The RBC policy establishes a common framework across investments and economic activities that help identify industries and behaviours presenting a high risk of adverse impacts in violation of international norms. As part of the RBC Policy, sector policies provide a tailored approach to identify and prioritize principal adverse impacts based on the nature of the economic activity, and in many cases, the geography in which these economic activities take place.
The ESG Integration Guidelines includes a series of commitments, which are material to consideration of principal adverse sustainability impacts, and guides the internal ESG integration process. The proprietary ESG scoring framework includes an assessment of a number of adverse sustainability impacts caused by companies in which we invest. Outcome of this assessment may impact the valuation models as well as the portfolio construction depending on the severity and materiality of adverse impacts identified.
5
Thus, the investment manager considers principal adverse sustainability impacts throughout the investment process through the use of the internal ESG scores and the construction of the portfolio with an improved ESG profile compared to its investment universe.
The Forward-looking perspective defines a set of objectives and developed performance indicators to measure how the researches, portfolios and commitments are aligned on three issues, the “3Es” (Energy transition, Environmental sustainability, Equality & inclusive growth) and thus support all investment processes.
Furthermore, the Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts.
Actions to address or mitigate principal adverse sustainability impacts depend on the severity and materiality of these impacts. These actions are guided by the RBC Policy, ESG Integration Policy, Engagement and Voting Policy and include the following:
- Exclusion of issuers that are in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- Engagement with issuers with the aim of encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts;
- In case of equity holdings, voting at Annual General Meetings of companies the portfolio is invested in to promote good governance and advance environmental and social issues.
- Ensuring all securities included in the portfolio have supportive ESG research.
- Managing portfolios so that their ESG profile is better than the relevant benchmark or universeIn synthetic replication, engagement with issuers and exercise of voting rights, if any, are only applied for the substitute basket underlying securities.

Based on the above approach, and depending on the composition of the financial product’s portfolio (i.e. the type of issuer), the financial product considers and addresses or mitigates the following principal adverse sustainability impacts:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiatives6Social4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNPP AM SFDR disclosure statement: sustainabilityrisk integration and Principal Adverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the BNP Paribas Value Europe ESG (NTR) index (Bloomberg: BNPIFEVE index) (the Index) by investing in shares issued by companies included in the index, respecting the Index's weightings (full replication), or by investing in a substitute basket, composed of, inter alia, shares of companies, debt securities or cash (synthetic replication).
When investing in a basket of securities called substitute basket the performance is swapped with the performance of the index, generating counterparty risk.
The Index is composed of shares of European companies based on financial and academic research that explores fundamental undervalued companies, while taking into account an Environmental, Social and Governance (ESG) criteria (reduction of carbon emission, human capital, corporate governance etc.). Hence, companies involved in disputable activities, subject to significant violations of the principles of the United Nations Global Compact or companies that have been involved in serious controversies related to the ESG are excluded from the index. The type of approach implemented here is Best-in- class (Best-in-class approach identifies leaders in each sector based on the best environmental, social and governance (ESG) practices, while avoiding those that present high levels of risk and do not comply with minimum ESG standards). The extra-financial strategy of the Index, carried out at each step of the investment process, may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the BNP Paribas indices can be found on https://indx.bnpparibas.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product investment strategy shall comply with the RBC Policy by excluding companies involved in controversies due to poor practices related to human and labour7rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

More information on the RBC Policy, and in particular criteria relating to sectoral exclusions, can be found on the website of the investment manager: Sustainabilitydocuments - BNPP AM Corporate English (bnpparibas-am.com).
- The financial product investment strategy shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the proprietary and/or external ESG methodology.
- The financial product’s investment universe of the investment strategy shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC Policy and/or other extra-financial criteria.
- The financial product shall have the weighted average ESG score of its investment strategy portfolio higher than the weighted average ESG score of its investment universe, as defined in the Prospectus.
- The financial product shall have the weighted average carbon footprint of its investment strategy portfolio lower than the weighted average carbon footprint of its investment universe.
- The financial product investment strategy shall invest at least 25% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product’s economic exposure investment universe is reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions as per the RBC Policy and/or other extra-financial criteria.

#### What is the policy to assess good governance practices of the investee companies?
The BNPP AM ESG scoring framework assesses corporate governance through a core set of standard key performance indicators for all sectors supplemented by sector specific metrics.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.
The governance metrics and indicators to assess good governance practices such as sound management structures, employee relations, remuneration of staff and tax compliance include but are not limited to:
- Separation of power (e.g. Split CEO/Chair),
- Board diversity,
- Executive pay (remuneration policy),
- Board Independence, and key committees independence
- Accountability of directors,
- Financial expertise of the Audit Committee,
- Respect of shareholders rights and absence of antitakeover devices
- The presence of appropriate policies (i.e. Bribery and corruption, whistleblower),8
- Tax disclosure,
- An assessment of prior negative incidents relating to governance.

The ESG analysis goes beyond the framework to look at a more qualitative assessment of how the insights from our ESG model are reflected in the culture and operations of investee companies. In some cases, the ESG analysts will conduct due diligence meetings to better understand the company’s approach to corporate governance.
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
As of the date of the prospectus, the financial product applies synthetic replication. Consequently, the asset allocation planned for this financial product, as well as any minimum proportion described below, are the ones of the underlying portfolio of the financial derivative instruments such as Total Return Swaps (TRS) used on a continuous basis for achieving the investment policy.
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 25%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And9- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.

In synthetic replication, financial derivative instruments such as Total Return Swaps (TRS) are used on a continuous basis for achieving the investment policy which promotes environmental or social characteristics while ensuring that the securities physically held by the financial product (the ‘substitute basket’), performance of which is switched against the performance of the investment strategy, respect minimum extra-financial safeguards.
Synthetic replication is a framework where the TRS counterparty hedges its position and thus brings liquidity to all or a significant part of the ESG underlyings.
Financial derivative instruments may also be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
10
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds,
while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
including sovereign bonds*
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
0%
Taxonomy-aligned
1. Taxonomy-alignment of investments
excluding sovereign bonds*
0%
Taxonomy-aligned
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 8%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 14%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
-  the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
11
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The BNP Paribas Value Europe ESG Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: https://indx.bnpparibas.com/nr/FEVETR.pdf.
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### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
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Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY FTSE EPRA NAREIT DEVELOPED EUROPE EX UK GREEN CTB	Legal entity identifier: 2138001QCKOGYCCU9P13
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The financial product aims to improve its ESG profile compared to its investment universe.
The ESG performance of an issuer is evaluated against a combination of environmental, social and governance factors which include but noct limited to:
- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;
- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.

The exclusion criteria are applied with regard to issuers that are in violation of international norms and convention, or operate in sensitive sectors as defined by external data providers.
Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The FTSE EPRA Nareit Developed Europe ex UK Green EU CTB (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark eligible stock criteria taking into account sectorial and controversial policies;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The average carbon footprint of the financial product’s portfolio compared to the average carbon footprint of its investment universe, as defined in the Prospectus;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the
2
Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
The proportion of investments of the financial product made in economic activities and that qualify as sustainable investments under the SFDR may contribute to the environmental objectives as defined under Taxonomy Regulation: climate change mitigation, climate change adaptation, the sustainable use and protection of water and marine resources, the transition to a circular economy, pollution prevention and control, the protection and/or restoration of biodiversity and ecosystems. The extent to which the sustainable investments with an environmental objective are aligned with the EU Taxonomy will be disclosed in the annual report of the financial product.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product takes into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises3
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the FTSE EPRA Nareit Developed Europe ex UK Green EU CTB (NTR) Index (the Index) by investing in the shares issued by real estate companies included in the Index, respecting the Index's weightings (full replication).
The index is composed of European (after exclusion of UK) listed real estate companies selected on the basis of three sustainable investment considerations: Green building certification, Energy usage and Carbon Emission data, while aiming to comply with the Climate Transition Benchmark (CTB) targets of reducing carbon intensity by at least 30% relative to the initial investment universe and achieving an additional decarbonisation target of 7% each year as defined in the framework of the European Taxonomy.
The maximum weight of a company within the index is limited to 10% on each rebalancing date.
As a result, companies subject to significant violations of the UN Global Compact principles are excluded from the Index.
5
The type of approach used here is thematic (the index is composed of companies that provide products and services proving concrete solutions to specific environmental and/or social challenges, seeking to benefit from future growth anticipated in these areas while contributing capital to the transition towards a low-carbon, inclusive economy). The extra-financial strategy of the Index may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the FTSE indices can be found on www.ftserussell.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the eligible stock criteria by excluding companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product shall have the weighted average carbon footprint of its portfolio at least 30% lower than the weighted average carbon footprint of its investment universe, as defined in the Prospectus.
- The financial product shall achieve an annual decarbonisation target of at least 7%.
- The financial product shall invest at least 35% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product does not commit to a minimum rate of reduction of the scope of investments prior to the application of its investment strategy.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
6
Asset allocation describes the share of investments in specific assets.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the FTSE indices can be found on www.ftserussell.com.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 35%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct 
- (
- RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7

#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


### To what minimum extent are sustainable investments with an environmental objective aligned with the EU Taxonomy?
The extent to which sustainable investments with an environmental objective are aligned with the EU Taxonomy and that contribute to the environmental objectives climate change mitigation, climate change adaptation, the sustainable use and protection of water and marine resources, the transition to a circular economy, pollution prevention and control and/or the protection and restoration of biodiversity and ecosystems are disclosed in the two graphs below.
The investment manager is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. Further subsequent prospectus and Taxonomy-alignment commitments updates will be made accordingly.
Economic activities that are not recognised by the Taxonomy Regulation are not necessarily environmentally harmful or unsustainable. In addition, all activities that can make a substantial contribution to environmental as well as social objectives are not yet part of the Taxonomy Regulation.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
including sovereign bonds*
1%
1. Taxonomy-alignment of investments
excluding sovereign bonds*
1%
Taxonomy-aligned	Taxonomy-aligned
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
Other investments
99%
Other investments
99%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
The minimum share of investments in transitional and enabling activities in the meaning of the Taxonomy Regulation is 0% in transitional activities and 0% in enabling activities.
8
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 7%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
Not applicable.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

9

### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The FTSE EPRA Nareit Developed Europe ex UK Green EU CTB (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.ftserussell.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph,
of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY FTSE EPRA NAREIT GLOBAL DEVELOPED GREEN CTB	Legal entity identifier: 213800SOFM4N26V8CQ84
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The financial product aims to improve its ESG profile compared to its investment universe.
The ESG performance of an issuer is evaluated against a combination of environmental, social and governance factors which include but not limited to:
- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;
- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.

The exclusion criteria are applied with regard to issuers that are in violation of international norms and convention, or operate in sensitive sectors as defined by external data providers.
Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The FTSE EPRA Nareit Developed Green EU CTB (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark eligible stock criteria taking into account sectorial and controversial policies;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The average carbon footprint of the financial product’s portfolio compared to the average carbon footprint of its investment universe, as defined in the Prospectus;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the
2
Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
The proportion of investments of the financial product made in economic activities and that qualify as sustainable investments under the SFDR may contribute to the environmental objectives as defined under Taxonomy Regulation: climate change mitigation, climate change adaptation, the sustainable use and protection of water and marine resources, the transition to a circular economy, pollution prevention and control, the protection and/or restoration of biodiversity and ecosystems. The extent to which the sustainable investments with an environmental objective are aligned with the EU Taxonomy will be disclosed in the annual report of the financial product.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product takes into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises3
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The Fund is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The Fund seeks to replicate (with a maximum tracking error* of 1%) the performance of the FTSE EPRA Nareit Developed Green EU CTB (NTR) Index (Bloomberg: FENGRECN Index) (“the Index”) by investing in the shares issued by companies included in the Index, respecting the Index's weightings (full replication).
The Index is composed of global listed real estate companies and REITS of the following regions: North America, Developed Europe, Japan and Developed Asia-Pacific ex Japan, with strong sustainability metrics, based on three sustainable investment considerations : Green building certification, Energy usage and Carbon Emission data, while aiming to comply with the Climate Transition Benchmark (CTB) targets of reducing carbon intensity by at least 30% relative to the initial investment universe and achieving an additional decarbonisation target of at least 7% each year, as defined in the framework of the European Benchmark Regulation. As a result, companies subject to significant violations of the UN Global Compact principles are excluded from the Index.
5
The type of approach implemented here is thematic (the Index is composed of companies that provide products and services proving concrete solutions to specific environmental and/or social challenges, seeking to benefit from future growth anticipated in these areas while contributing capital to the transition towards a low-carbon, inclusive economy). The extra-financial strategy of the Index may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing. Further information on the index, its composition, calculation and rules for monitoring and periodic rebalancing, as well as information on the general methodology common to all FTSE Russell indices, can be found at www.ftserussell.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the eligible stock criteria by excluding companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product shall have the weighted average carbon footprint of its portfolio at least 30% lower than the weighted average carbon footprint of its investment universe, as defined in the Prospectus.
- The financial product shall achieve an annual decarbonisation target of at least 7%.
- The financial product shall invest at least 40% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product does not commit to a minimum rate of reduction of the scope of investments prior to the application of its investment strategy.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the FTSE indices can be found on www.ftserussell.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 40%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct 
- (
- RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7

#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


### To what minimum extent are sustainable investments with an environmental objective aligned with the EU Taxonomy?
The extent to which sustainable investments with an environmental objective are aligned with the EU Taxonomy and that contribute to the environmental objectives climate change mitigation, climate change adaptation, the sustainable use and protection of water and marine resources, the transition to a circular economy, pollution prevention and control and/or the protection and restoration of biodiversity and ecosystems are disclosed in the two graphs below.
The investment manager is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. Further subsequent prospectus and Taxonomy-alignment commitments updates will be made accordingly.
Economic activities that are not recognised by the Taxonomy Regulation are not necessarily environmentally harmful or unsustainable. In addition, all activities that can make a substantial contribution to environmental as well as social objectives are not yet part of the Taxonomy Regulation.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
including sovereign bonds*
1%
1. Taxonomy-alignment of investments
excluding sovereign bonds*
1%
Taxonomy-aligned	Taxonomy-aligned
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
Other investments
99%
Other investments
99%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
The minimum share of investments in transitional and enabling activities in the meaning of the Taxonomy Regulation is 0% in transitional activities and 0% in enabling activities.
8
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 12%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
Not applicable.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

9

### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The FTSE EPRA Nareit Developed Green EU CTB (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.ftserussell.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: 
BNP PARIBAS EASY JPM ESG EMBI GLOBAL DIVERSIFIED COMPOSITE	
Legal entity identifyier: 
2138001R57QT53OEIE75
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The investment strategy selects and allocates exposure to sovereign and quasi-sovereign issuers based on their performance across the environmental, social and governance pillars. The ESG performance of each country is assessed using third party sovereign methodology that involves evaluation of a country against a combination of environmental, social and governance factors, which include but are not limited to:
- Environmental: climate mitigation, biodiversity, energy efficiency, land resources, pollution;
- Social: life conditions, economic inequality, education, employment, health infrastructure, human capital;
- Governance: business regulations, corruption, democratic life, political stability, security.

The investment manager also applies the BNP Paribas Group’s sensitive countries framework, which includes restrictive measures on certain countries and/or activities that are considered as being particularly exposed to money laundering and terrorism financing related risks.
1
The JPM ESG EMBI Global Diversified Composite Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product:
- The percentage of the financial product’s portfolio covered by the ESG analysis based on the third party ESG methodology used by the index provider;
- The weighted average ESG score of the financial product’s portfolio compared to the weighted average ESG score of its investment universe, as defined in the Prospectus;


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The financial product does not intend to make any sustainable investment.

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
The financial product does not intend to make any sustainable investment.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
Not applicable.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
Not applicable.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
2

### Does this financial product consider principal adverse impacts on sustainability factors?
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The overall policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process of the investment strategy in relation with social violations and human rights, international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment.
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy.
- Engagement with policymakers.

More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the JPM ESG EMBI Global Diversified Composite (TR) (the Index ) by investing in the debt securities issued by countries included in the Index, respecting the Index's weightings (full replication), or in a sample of debt securities issued by countries included in the Index (optimised replication). When investing in a sample of debt securities, the Fund's tracking error may be higher. The Index is composed of emerging market debt securities with an Environmental, Social and Governance (ESG) scoring and screening methodology (such as environmental conventions, labour rights conventions, human rights, etc.) to tilt toward issuers ranked higher on ESG criteria, and to underweight or remove issuers that rank lower. As a result, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index. The type of approach implemented here is Best-effort (a type of ESG selection consisting of giving priority to the issuers demonstrating an improvement in or good prospects for their ESG practices and performance over time). The extra- financial strategy of the Index may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing. Further information on the index, its composition, calculation and rules for monitoring and periodic rebalancing, as well as information on the general methodology common to all J.P Morgan ESG indices, can be found at www.jpmorgan.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process.
3

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The third party methodology used by the index provider is applied to tilt issuers ranked higher on ESG criteria and to underweight or remove issuers that rank lower.
- The financial product investment strategy excludes issuers ranked in band 5 from the index. The index provider’s ESG methodology scores are divided into five bands, where band 1 has the highest ESG score and band 5 has the lowest ESG score,
- The financial product investment strategy shall have at least 90% of its investment strategy underlying issuers covered by the ESG analysis based on the index provider ESG methodology.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two strategy reshuffles, if an issuer were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product does not commit to a minimum rate of reduction of the scope of investments prior to the application of its investment strategy.

#### What is the policy to assess good governance practices of the investee companies?
Not applicable.
Asset allocation
describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 18%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 0%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
4
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- BNP Paribas Group’s sensitive countries framework, which includes restrictive measures on certain countries and/or activities that are considered as being particularly exposed to money laundering and terrorism financing related risks.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds,
while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
including sovereign bonds*
1. Taxonomy-alignment of investments
excluding sovereign bonds*
0%	0%
Taxonomy-aligned	Taxonomy-aligned
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures
5
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
Not applicable.

### What is the minimum share of socially sustainable investments?
Not applicable.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- BNP Paribas Group’s sensitive countries framework, which includes restrictive measures on certain countries and/or activities that are considered as being particularly exposed to money laundering and terrorism financing related risks.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The JPM ESG EMBI Global Diversified Composite (TR) index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
6
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if an issuer were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.jpmorgan.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
7
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY JPM ESG EMU GOVERNMENT BOND IG	Legal entity identifyier: 213800DHNJL4OZOFAU25
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The investment strategy selects and allocates exposure to sovereign issuers based on their performance across the environmental, social and governance pillars. The ESG performance of each country is assessed using third party sovereign ESG methodology that involves evaluation of a country against a combination of environmental, social and governance factors, which include but are not limited to:
- Environmental: climate mitigation, biodiversity, energy efficiency, land resources, pollution;
- Social: life conditions, economic inequality, education, employment, health infrastructure, human capital;
- Governance: business regulations, corruption, democratic life, political stability, security.

The investment manager also applies the BNP Paribas Group’s sensitive countries framework, which includes restrictive measures on certain countries and/or activities that are considered as being particularly exposed to money laundering and terrorism financing related risks.
1
The J.P. Morgan ESG EMU Government Bond IG Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product:
- The percentage of the financial product’s sovereign bonds economic exposure covered by the ESG analysis based on the third party ESG methodology used by the index provider;
- The weighted average ESG score of the financial product’s portfolio compared to the weighted average ESG score of its investment universe, as defined in the Prospectus;


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The financial product does not intend to make any sustainable investment.

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
The financial product does not intend to make any sustainable investment.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
Not applicable.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
Not applicable.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
2

### Does this financial product consider principal adverse impacts on sustainability factors?
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The overall policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process of the investment strategy in relation with social violations and human rights.
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy.
- Engagement with policymakers.

More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the J.P. Morgan ESG EMU Government Bond IG (TR) index (Bloomberg: GBIEIGTR index) (“the Index”) by investing in debt securities issued by countries included in the Index, respecting the Index's weightings (full replication), or in a sample of debt securities issued by countries included in the Index (optimised replication).When investing in a sample of debt securities, the Fund's tracking error may be higher.
Environmental, social and governance (ESG) criteria contribute to, but are not a determining factor in, the manager's decision making.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The third party methodology used by the index provider is applied to tilt issuers ranked higher on ESG criteria and to underweight or remove issuers that rank lower.
- The financial product investment strategy excludes issuers ranked in band 9 and 10 from the reference benchmark. The index provider’s ESG methodology scores are divided into 10 bands, where band 1 has the highest ESG score and band 10 has the poorest ESG score,
- The financial product investment strategy shall have at least 90% of its investment strategy underlying issuers covered by the ESG analysis based on the index provider ESG methodology.

3
There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two strategy reshuffles, if an issuer were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product does not commit to a minimum rate of reduction of the scope of investments prior to the application of its investment strategy.

#### What is the policy to assess good governance practices of the investee companies?
Not applicable.
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 0%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- BNP Paribas Group’s sensitive countries framework, which includes restrictive measures on certain countries and/or activities that are considered as being particularly exposed to money laundering and terrorism financing related risks.

4

#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds,
while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
including sovereign bonds*
0%
Taxonomy-aligned
1. Taxonomy-alignment of investments
excluding sovereign bonds*
0%
Taxonomy-aligned
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures
5
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.
low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
Not applicable.

### What is the minimum share of socially sustainable investments?
Not applicable.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- BNP Paribas Group’s sensitive countries framework, which includes restrictive measures on certain countries and/or activities that are considered as being particularly exposed to money laundering and terrorism financing related risks.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The J.P. Morgan ESG EMU Government Bond IG index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
6
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if an issuer were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.jpmorgan.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
7
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Y
Legal entity identifyier: 213800U92XMTNC8S6490
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: 
BNP PARIBAS EASY JPM ESG EMU GOVERNMENT BOND IG 1-3
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The investment strategy selects and allocates exposure to sovereign issuers based on their performance across the environmental, social and governance pillars. The ESG performance of each country is assessed using third party sovereign methodology that involves evaluation of a country against a combination of environmental, social and governance factors, which include but are not limited to:
- Environmental: climate mitigation, biodiversity, energy efficiency, land resources, pollution;
- Social: life conditions, economic inequality, education, employment, health infrastructure, human capital;
- Governance: business regulations, corruption, democratic life, political stability, security.

The investment manager also applies the BNP Paribas Group’s sensitive countries framework, which includes restrictive measures on certain countries and/or activities that are considered as being particularly exposed to money laundering and terrorism financing related risks.
1
The J.P. Morgan ESG EMU Government Bond IG 1-3 Year has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product:
- The percentage of the financial product’s sovereign bonds economic exposure covered by the ESG analysis based on the third party ESG methodology used by the index provider;
- The weighted average ESG score of the financial product’s portfolio compared to the weighted average ESG score of its investment universe, as defined in the Prospectus;


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The financial product does not intend to make any sustainable investment.

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
The financial product does not intend to make any sustainable investment.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
Not applicable.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
Not applicable.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
2

### Does this financial product consider principal adverse impacts on sustainability factors?
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The overall policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process of the investment strategy in relation with social violations and human rights.
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy.
- Engagement with policymakers.

More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the J.P. Morgan ESG EMU Government Bond IG 1- 3 Year (TR) index (Bloomberg: GBIEIG13 index) (“the Index”) by investing in debt securities issued by countries included in the Index, respecting the Index's weightings (full replication), or in a sample of debt securities issued by countries included in the Index (optimised replication).When investing in a sample of debt securities, the Fund's tracking error may be higher.
Environmental, social and governance (ESG) criteria contribute to, but are not a determining factor in, the manager's decision making.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The third party methodology used by the index provider is applied to tilt issuers ranked higher on ESG criteria and to underweight or remove issuers that rank lower.
- The financial product investment strategy excludes issuers ranked in band 9 and 10 from the index. The index provider’s ESG methodology scores are divided into 10 bands, where band 1 has the highest ESG score and band 10 has the lowest ESG score,3
- The financial product investment strategy shall have at least 90% of its investment strategy underlying issuers covered by the ESG analysis based on the index provider ESG methodology.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two strategy reshuffles, if an issuer were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product does not commit to a minimum rate of reduction of the scope of investments prior to the application of its investment strategy.

#### What is the policy to assess good governance practices of the investee companies?
Not applicable.
Asset allocation
describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 0%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- BNP Paribas Group’s sensitive countries framework, which includes restrictive measures on certain countries and/or activities that are considered as being particularly exposed to money laundering and terrorism financing related risks.

4

#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.

The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds,
while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
including sovereign bonds*
0%
Taxonomy-aligned
1. Taxonomy-alignment of investments
excluding sovereign bonds*
0%
Taxonomy-aligned
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures
5
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
Not applicable.

### What is the minimum share of socially sustainable investments?
Not applicable.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- BNP Paribas Group’s sensitive countries framework, which includes restrictive measures on certain countries and/or activities that are considered as being particularly exposed to money laundering and terrorism financing related risks.

Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The J.P. Morgan ESG EMU Government Bond IG 1- 3 Year (TR) index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
6

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if an issuer were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.jpmorgan.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
7
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: 
BNP PARIBAS EASY JPM ESG EMU GOVERNMENT BOND IG 3-5Y	
Legal entity identifyier: 213800ITHX491XRCNA46
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The investment strategy selects and allocates exposure to sovereign issuers based on their performance across the environmental, social and governance pillars. The ESG performance of each country is assessed using third party sovereign methodology that involves evaluation of a country against a combination of environmental, social and governance factors, which include but are not limited to:
- Environmental: climate mitigation, biodiversity, energy efficiency, land resources, pollution;
- Social: life conditions, economic inequality, education, employment, health infrastructure, human capital;
- Governance: business regulations, corruption, democratic life, political stability, security.

The investment manager also applies the BNP Paribas Group’s sensitive countries framework, which includes restrictive measures on certain countries and/or activities that are considered as being particularly exposed to money laundering and terrorism financing related risks.
1
The J.P. Morgan ESG EMU Government Bond IG 3-5 Year has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product:
- The percentage of the financial product’s sovereign bonds economic exposure covered by the ESG analysis based on the third party ESG methodology used by the index provider;
- The weighted average ESG score of the financial product’s portfolio compared to the weighted average ESG score of its investment universe, as defined in the Prospectus;


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The financial product does not intend to make any sustainable investment.

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
The financial product does not intend to make any sustainable investment.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
Not applicable.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
Not applicable.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
2

### Does this financial product consider principal adverse impacts on sustainability factors?
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The overall policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process of the investment strategy in relation with social violations and human rights.
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy.
- Engagement with policymakers.

More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the J.P. Morgan ESG EMU Government Bond IG 3- 5 Year (TR) index (Bloomberg: 
GBIEIG35 
index) (“the Index”) by investing in debt securities issued by countries included in the Index, respecting the Index's weightings (full replication), or in a sample of debt securities issued by countries included in the Index (optimised replication).When investing in a sample of debt securities, the Fund's tracking error may be higher.
Environmental, social and governance (ESG) criteria contribute to, but are not a determining factor in, the manager's decision making.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The third party methodology used by the index provider is applied to tilt issuers ranked higher on ESG criteria and to underweight or remove issuers that rank lower.
- The financial product investment strategy excludes issuers ranked in band 9 and 10 from the index. The index provider’s ESG methodology scores are divided into 10 bands, where band 1 has the highest ESG score and band 10 has the lowest ESG score,3
- The financial product investment strategy shall have at least 90% of its investment strategy underlying issuers covered by the ESG analysis based on the index provider ESG methodology.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two strategy reshuffles, if an issuer were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product does not commit to a minimum rate of reduction of the scope of investments prior to the application of its investment strategy.

#### What is the policy to assess good governance practices of the investee companies?
Not applicable.
Asset allocation
describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 0%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- BNP Paribas Group’s sensitive countries framework, which includes restrictive measures on certain countries and/or activities that are considered as being particularly exposed to money laundering and terrorism financing related risks.

4
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds,
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
including sovereign bonds*
0%
Taxonomy-aligned
1. Taxonomy-alignment of investments
excluding sovereign bonds*
0%
Taxonomy-aligned
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.
5
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an
environmental objective that are not aligned with the EU Taxonomy?
Not applicable.

### What is the minimum share of socially sustainable investments?
Not applicable.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- BNP Paribas Group’s sensitive countries framework, which includes restrictive measures on certain countries and/or activities that are considered as being particularly exposed to money laundering and terrorism financing related risks.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.
The J.P. Morgan ESG EMU Government Bond IG 3- 5 Year (TR) index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if an issuer were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
6

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.jpmorgan.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
7
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph,
of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: 
BNP PARIBAS EASY LOW CARBON 100 EUROPE PAB	Legal entity identifier: 213800M1ABPQNKHTHJ07
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A negative screening applying exclusion criteria. This is applied with regard to issuers with a poor ESG profile and issuers that are in systematic violation of the UN Global Compact.
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;1

- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The Euronext Low Carbon 100 Europe PAB (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark eligible stock criteria taking into account sectorial and controversial policies;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The average carbon footprint of the financial product’s portfolio compared to the average carbon footprint of its investment universe, as defined in the Prospectus;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

2
Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product takes into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)3Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the Euronext Low Carbon 100 Europe PAB (NTR) Index (the Index) by investing in shares issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of shares issued by companies included in the index (optimised replication).
When investing in a sample of shares, the product’s tracking error may be higher.
The Index is composed of European companies selected on the basis of opportunities and risks associated with the climate transition while aiming to comply with the Paris Aligned Benchmark (PAB) targets of reducing carbon intensity by at least 50% relative to the initial investment universe and achieving an additional decarbonisation target of 7% each year. As a result, fossil-fuel activities are excluded from the Index.
The type of approach implemented here is Best-in-class (Best-in-class approach identifies leaders in each sector based on the best environmental, social and governance (ESG) practices, while avoiding those that present high levels of risk and do not comply with minimum ESG standards according to the
5
index administrator and its specialized partners). The extra-financial strategy of the Index may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing. Further information on the index, its composition, calculation, methodology and the rules for periodic monitoring and rebalancing can be found on www.euronext.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the eligible stock criteria by excluding companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus, shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product shall have the weighted average carbon footprint of its portfolio at least 50% lower than the weighted average carbon footprint of its investment universe.
- The financial product shall achieve an annual decarbonisation target of at least 7%.
- The financial product shall invest at least 55% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The index excludes at least 20% of securities from its investment universe (“selectivity” approach) after the application of that investment strategy.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the Euronext indices can be found on www.euronext.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 55%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 55%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
including sovereign bonds*
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
0%
Taxonomy-aligned
- Taxonomy-alignment of investmentsexcluding sovereign bonds*0%Taxonomy-alignedOther investments100%Other investments100%* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures


#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.

### What is the minimum share of sustainable investments with an
environmental objective that are not aligned with the EU Taxonomy?
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 7%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 18%.
8

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The Euronext Low Carbon 100 Europe PAB (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index,
9
including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.euronext.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: 
BNP PARIBAS EASY LOW CARBON 100 EUROZONE PAB	Legal entity identifier: 213800OTZIO361KCCP31
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A negative screening applying exclusion criteria. This is applied with regard to issuers with a poor ESG profile and issuers that are in systematic violation of the UN Global Compact.
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;1

- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The Euronext Low Carbon 100 Eurozone PAB (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark eligible stock criteria taking into account sectorial and controversial policies;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The average carbon footprint of the financial product’s portfolio compared to the average carbon footprint of its investment universe, as defined in the Prospectus;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

2
Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product take into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)3Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the Euronext Low Carbon 100 Eurozone PAB (NTR) index (the Index) by investing in shares issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of shares issued by companies included in the index (optimised replication).
When investing in a sample of shares, the product’s tracking error may be higher.
The Index is composed of Eurozone companies selected on the basis of opportunities and risks associated with the climate transition while aiming to comply with the Paris Aligned Benchmark (PAB) targets of reducing carbon intensity by at least 50% relative to the initial investment universe and achieving an additional decarbonisation target of 7% each year. As a result, fossil-fuel activities are excluded from the Index.
The type of approach implemented here is Best-in-class (Best-in-class approach identifies leaders in each sector based on the best environmental, social and governance (ESG) practices, while avoiding those that present high levels of risk and do not comply with minimum ESG standards according to the
5
index administrator and its specialised partners). The extra-financial strategy of the Index may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the index, its composition, calculation, methodology and the rules for periodic monitoring and rebalancing can be found on www.euronext.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the eligible stock criteria by excluding companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus, shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product shall have the weighted average carbon footprint of its portfolio at least 50% lower than the weighted average carbon footprint of its investment universe;
- The financial product shall achieve an annual decarbonisation target of at least 7%;
- The financial product shall invest at least 45% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The index excludes at least 20% of securities from its investment universe (“selectivity” approach) after the application of that investment strategy.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the Euronext indices can be found on www.euronext.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 45%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
including sovereign bonds*
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
0%
Taxonomy-aligned
1. Taxonomy-alignment of investments
excluding sovereign bonds*
0%
Taxonomy-aligned
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 8%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.
8

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 13%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The Euronext Low Carbon 100 Eurozone PAB (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
9

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.euronext.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: 
BNP PARIBAS EASY LOW CARBON 300 WORLD PAB	Legal entity identifier: 213800HM939AKXDN8R07
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A negative screening applying exclusion criteria. This is applied with regard to issuers with a poor ESG profile and issuers that are in systematic violation of the UN Global Compact.
- A positive screening using a selectivity approach. This involves evaluation of Environmental, Social, and Governance (ESG) performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;1

- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The Euronext Low Carbon 300 World PAB (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark eligible stock criteria taking into account sectorial and controversial policies;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The average carbon footprint of the financial product’s portfolio compared to the average carbon footprint of its investment universe, as defined in the Prospectus;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

2
Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product take into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)3Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the Euronext Low Carbon 300 World PAB (NTR) index (the " Index") by investing in the shares issued by companies included in the Benchmark Index, respecting the Index's weightings (full replication), or in a sample of shares issued by companies included in the index (optimised replication).
When investing in a sample of shares, the product’s tracking error may be higher.
The Index is composed of international companies selected on the basis of opportunities and risks associated with the climate transition while aiming to comply with the Paris Aligned Benchmark (PAB) targets of reducing carbon intensity by at least 50% relative to the initial investment universe and achieving an additional decarbonisation target of 7% each year. As a result, fossil-fuel activities are excluded from the Index.
The type of approach implemented here is Best-in-class (Best-in-class approach identifies leaders in each sector based on the best environmental, social and governance (ESG) practices, while avoiding those that present high levels of risk and do not comply with minimum ESG standards according to the
5
index administrator and its specialised partners). The extra-financial strategy of the Index may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the index, its composition, calculation, methodology and the rules for periodic monitoring and rebalancing can be found on www.euronext.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the eligible stock criteria by excluding companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus, shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product shall have the weighted average carbon footprint of its portfolio at least 50% lower than the weighted average carbon footprint of its investment universe.
- The financial product shall achieve an annual decarbonisation target of at least 7%.
- The financial product shall invest at least 40% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The index excludes at least 20% of securities from its investment universe (“selectivity” approach) after the application of that investment strategy.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the Euronext indices can be found on www.euronext.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 40%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
including sovereign bonds*
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
0%
Taxonomy-aligned
1. Taxonomy-alignment of investments
excluding sovereign bonds*
0%
Taxonomy-aligned
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 7%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.
8

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 14%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The Euronext Low Carbon 300 World PA (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
9

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.euronext.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph,
of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: 
BNP PARIBAS EASY MSCI CHINA SELECT SRI S-SERIES 10% CAPPED	Legal entity identifier: 213800KHB16W2AA8LP59
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The financial product aims to improve its ESG profile compared to its investment universe.
The ESG performance of an issuer is evaluated against a combination of environmental, social and governance factors which include but not limited to:
- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;
- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.

The exclusion criteria are applied with regard to issuers that are in violation of international norms and convention, or operate in sensitive sectors as defined by external data providers.
Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The MSCI China Select SRI S-Series 10% Capped (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark business involvement and controversies exclusion criteria;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The weighted average ESG score of the financial product’s portfolio compared to the weighted average ESG score of its investment universe, as defined in the Prospectus;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the
2
Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights
.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, sustainable investments of the financial product take into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiatives3Social4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the MSCI China Select SRI S-Series 10% Capped (NTR) (the Index) by investing in the shares issued by companies included in the Index, respecting the Index's weightings (full replication) or in a sample of shares issued by companies included in the Index (optimised replication), It will invest up to 40% of its assets in Mainland China A shares via the Stock Connect.
When investing in a sample of shares, the product tracking error may be higher.
The index is composed of Chinese companies selected on the basis of a minimum Environmental, Social and Corporate Governance (ESG) rating (environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels, with a cap that limits a company’s maximum weight within the Index to 10% on each rebalancing date. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index. The type of approach used here is Best-in-class (Best-in-class approach identifies leaders in each sector based on the best
5
ESG practices, while avoiding those that present high levels of risk and do not comply with minimum ESG standards according to the index administrator and its specialized partners). The extra-financial strategy of the Index may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing. Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the reference benchmark business involvement and controversies exclusion criteria.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product aims to include the securities with the highest ESG ratings making up 25% of the market capitalization in each sector and region of the investment universe as defined in the Prospectus;
- The financial product shall invest at least 15% in “sustainable investments” as defined in Article 2 (17) of SFDR and as disclosed in the asset allocation below. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product does not commit to a minimum rate of reduction of the scope of investments prior to the application of its investment strategy.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 15%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
1. Taxonomy-alignment of investments
including sovereign bonds*
0%
Taxonomy-aligned
1. Taxonomy-alignment of investments
excluding sovereign bonds*
0%
Taxonomy-aligned
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.
Not applicable.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 4%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.
8

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 1%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The MSCI China Select SRI S-Series 10% Capped (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
9

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.msci.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY MSCI EMERGING ESG FILTERED MIN TE	Legal entity identifyier: 213800ZQJJHQ72L24B74
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A positive screening using a selectivity approach. This involves evaluation of ESG performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases, treatment of waste;1

- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.
- A negative screening applying exclusion criteria with regard to issuers that are in violation of international norms and convention, such as the UN Nations Global Compact principles, or operate in sensitive sectors as defined by external data providers.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
In synthetic replication, engagement with issuers and exercise of voting rights, if any, are only applied for the substitute basket underlying securities.
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The MSCI Emerging ESG Filtered Min TE (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s economic exposure compliant with the reference benchmark business involvement exclusion criteria;
- The percentage of the financial product’s economic exposure covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s economic exposure investment universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The percentage of the financial product’s economic exposure invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments to which by the financial product is exposed are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
As of the date of the prospectus, the financial product applies synthetic replication. Consequently, the sustainable investments to which the financial product is exposed and described below are the ones of the underlying securities of the financial derivative instruments such as Total Return Swaps (TRS) used on a continuous basis for achieving the investment policy.
The investment manager is using, as of the date of the prospectus, BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
2
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Center following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product take into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS) . More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio3
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the MSCI Emerging ESG Filtered Min TE (NTR) Index (Bloomberg: MXEMEFMT index) (the Index) by investing in a substitute basket, composed of, inter alia, shares of companies, debt securities or cash (synthetic replication).
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
When investing in a basket of securities called substitute basket the performance is swapped with the performance of the index, generating counterparty risk.
The Index is composed of Emerging Markets companies selected on the basis of Environmental, Social and Corporate Governance (ESG) criteria (such as environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels, while minimising the tracking error compared to the parent index, the MSCI Emerging Markets index. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index. The type of approach used here is Best-in-universe (type of ESG selection consisting of giving priority to the issuers best rated from a non-financial viewpoint irrespective of their sector of activity, and accepting sector biases, because the sectors which are considered more virtuous on the whole will be more heavily represented).
5
The extra-financial strategy of the Index, carried out at each step of the investment process, may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product investment strategy shall comply with the reference benchmark business involvement and controversies exclusion criteria.
- The financial product investment strategy shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus, shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product investment strategy shall invest at least 15% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product’s economic exposure investment universe is reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector and/or other extra-financial criteria.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 49%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 15%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
In synthetic replication, financial derivative instruments such as Total Return Swaps (TRS) are used on a continuous basis for achieving the investment policy which promotes environmental or social characteristics while ensuring that the securities physically held by the financial product (the ‘substitute basket’), performance of which is switched agains the performance of the investment strategy, respect minimum extra-financial safeguards.
Synthetic replication is a framework where the TRS counterparty hedges its position and thus brings more liquidity to all or a significant part of the ESG underlyings.
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
including sovereign bonds*
0%
Taxonomy-aligned
1. Taxonomy-alignment of investments
excluding sovereign bonds*
0%
Taxonomy-aligned
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 4%.
8
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 11%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

9

### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The MSCI Emerging ESG Filtered Min TE (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.msci.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph,
of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY MSCI EMERGING SRI S-SERIES PAB 5% CAPPED	Legal entity identifier: 21380075693T4BVLNT78
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The financial product aims to improve its ESG profile compared to its investment universe.
The ESG performance of an issuer is evaluated against a combination of environmental, social and governance factors which include but noct limited to:
- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;
- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.

The exclusion criteria are applied with regard to issuers that are in violation of international norms and convention, or operate in sensitive sectors as defined by external data providers.
Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
In synthetic replication, engagement with issuers and exercise of voting rights, if any, are only applied for the substitute basket underlying securities.
The MSCI Emerging SRI S-Series PAB 5% Capped (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark business involvement and controversies exclusion criteria;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The weighted average ESG score of the financial product’s portfolio compared to the weighted average ESG score of its investment universe, as defined in the Prospectus;
- The average carbon footprint of the financial product’s portfolio compared to the average carbon footprint of its investment universe;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments to which by the financial product is exposed are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
As of the date of the prospectus, the financial product applies synthetic replication. Consequently, the sustainable investments to which the financial product is exposed and described below are the ones of the underlying securities of the financial derivative instruments such as Total Return Swaps (TRS) used on a continuous basis for achieving the investment policy.
The investment manager is using, as of the date of the prospectus, BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;2
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product take into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio3
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the MSCI Emerging SRI S-Series PAB 5% Capped (NTR) index (Bloomberg: M7CXESC index) (“the Index”) by investing in a substitute basket, composed of, inter alia, shares of companies, debt securities or cash (synthetic replication). When investing in a basket of securities called substitute basket, the performance is swapped with the performance of the index, generating counterparty risk.
When investing in a sample of shares, the product tracking error may be higher.
The Index is composed of emerging markets companies selected on the basis of a minimum Environmental, Social and Corporate Governance (ESG) criteria (environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels. It implements a cap that limits a company’s maximum weight within the Index to 5% on each rebalancing date. In addition, the Index aims to comply with the Paris Aligned Benchmark (PAB) targets of reducing carbon intensity by at least 50% relative to the initial
5
investment universe and achieving an additional decarbonisation target of 7% each year. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index.
The type of approach used here is Best-in-class (Best-in-class approach identifies leaders in each sector based on the best ESG practices, while avoiding those that present high levels of risk and do not comply with minimum ESG standards according to the index administrator and its specialised partners). The extra financial strategy of the Index, carried out at each step of the investment process, may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the reference benchmark business involvement and controversies exclusion criteria.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product aims to include the securities with the highest ESG ratings making up 25% of the market capitalization in each sector and region of the investment universe, as defined in the Prospectus.
- The financial product shall have the weighted average carbon footprint of its investment strategy portfolio at least 50% lower than the weighted average carbon footprint of its investment universe.
- The financial product investment strategy portfolio shall achieve an annual decarbonisation target of at least 7%.
- The financial product shall invest 25% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product does not commit to a minimum rate of reduction of the scope of investments prior to the application of its investment strategy.
6
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
Asset allocation
describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
As of the date of the prospectus, the financial product applies synthetic replication. Consequently, the asset allocation planned for this financial product, as well as any minimum proportion described below, are the ones of the underlying portfolio of the financial derivative instruments such as Total Return Swaps (TRS) used on a continuous basis for achieving the investment policy.
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 25%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And7
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
In synthetic replication, financial derivative instruments such as Total Return Swaps (TRS) are used on a continuous basis for achieving the investment policy which promotes environmental or social characteristics while ensuring that the securities physically held by the financial product (the ‘substitute basket’), performance of which is switched against the performance of the investment strategy, respect minimum extra-financial safeguards.
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.

Synthetic replication is a framework where the TRS counterparty hedges its position and thus brings liquidity to all or a significant part of the ESG underlyings.
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
8
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
- Taxonomy-alignment of investmentsincluding sovereign bonds*Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.

Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
0%
Taxonomy-aligned
1. Taxonomy-alignment of investments
excluding sovereign bonds*
0%
Taxonomy-aligned
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 7%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 7%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

9
In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.
The MSCI Emerging SRI S-Series PAB 5% Capped (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.msci.com.
10

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
11
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY MSCI EMU ESG FILTERED MIN TE	Legal entity identifyier: 213800EDTW62QDILKX66
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A positive screening using a selectivity approach. This involves evaluation of ESG performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases, treatment of waste;1

- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.
- A negative screening applying exclusion criteria with regard to issuers that are in violation of international norms and convention, such as the UN Nations Global Compact principles, or operate in sensitive sectors as defined by external data providers.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The MSCI EMU ESG Filtered Min TE (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark business involvement exclusion criteria;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s investment universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

2
Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Center following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product takes into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)3Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the MSCI EMU ESG Filtered Min TE (NTR) index (the Index) by investing in the shares issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of shares issued by companies included in the Index (optimised replication).
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
When investing in a sample of shares the product tracking error may be higher.
The index is composed of Eurozone companies selected on the basis of Environmental, Social and Corporate Governance (ESG) criteria (environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels, while minimizing the tracking error compared to the parent index the MSCI EMU Index. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index.
The type of approach used here is Best-in-universe (type of ESG selection consisting of giving priority to the issuers best rated from a non-financial viewpoint irrespective of their sector of activity, and accepting sector biases, because the sectors which are considered more virtuous on the whole will be
5
more heavily represented). The extra-financial strategy of the Index may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the reference benchmark business involvement and controversies exclusion criteria.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus, shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product shall invest at least 40% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product’s investment universe is reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector and/or other extra-financial criteria.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 40%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
excluding sovereign bonds*
1. Taxonomy-alignment of investments
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
including sovereign bonds*
|  | 0% |  | 0% |
| --- | --- | --- | --- |
| Taxonomy-aligned Other investments | 100% | Taxonomy-aligned Other investments | 100% |

* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 10%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.
8

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 11%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The MSCI EMU ESG Filtered Min TE (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
9

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.msci.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph,
of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: 
BNP PARIBAS EASY MSCI EMU SRI S-SERIES 5% CAPPED	Legal entity identifier: 213800YQ9QNX31KMEA10
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The financial product aims to improve its ESG profile compared to its investment universe.
The ESG performance of an issuer is evaluated against a combination of environmental, social and governance factors which include but noct limited to:
- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;
- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.

The exclusion criteria are applied with regard to issuers that are in violation of international norms and convention, or operate in sensitive sectors as defined by external data providers.
Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The MSCI EMU SRI S-Series PAB 5% Capped (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark business involvement and controversies exclusion criteria;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The weighted average ESG score of the financial product’s portfolio compared to the weighted average ESG score of its investment universe, as defined in the Prospectus;
- The average carbon footprint of the financial product’s portfolio compared to the average carbon footprint of its investment universe;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

2
Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights
.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, sustainable investments of the financial product take into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)3Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the MSCI EMU SRI S-Series PAB 5% Capped (NTR) index (Bloomberg: M7CXEMS index) (the Index) by investing in the shares issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of shares issued by companies included in the Index (optimised replication).
When investing in a sample of shares, the product tracking error may be higher.
The Index is composed of Eurozone companies selected on the basis of a minimum Environmental, Social and Corporate Governance (ESG) criteria (environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels. It implements a cap that limits a company’s maximum weight within the Index to 5% on each rebalancing date. In addition, the index aims to comply with the Paris Aligned Benchmark (PAB) targets of reducing carbon intensity by at least 50% relative to the initial investment
5
universe and achieving an additional decarbonisation target of 7% each year. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index.
The type of approach used here is Best-in-class (Best-in-class approach identifies leaders in each sector based on the best ESG practices, while avoiding those that present high levels of risk and do not comply with minimum ESG standards according to the Index administrator and its specialised partners). The extra-financial strategy of the Index, carried out at each step of the investment process, may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the reference benchmark business involvement and controversies exclusion criteria.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product aims to include the securities with the highest ESG ratings making up 25% of the market capitalization in each sector and region of the investment universe as defined in the Prospectus;
- The financial product shall have the weighted average carbon footprint of its portfolio at least 50% lower than the weighted average carbon footprint of its investment universe;
- The financial product shall achieve an annual decarbonisation target of at least 7%;
- The financial product shall invest at least 50% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
Good governance practices include sound management structures, employee relations, remuneration of staff ad tax compliance.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product does not commit to a minimum rate of reduction of the scope of investments prior to the application of its investment strategy.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through
6
a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
Asset allocation
describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 50%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7

#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.

Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
excluding sovereign bonds*
1. Taxonomy-alignment of investments
including sovereign bonds*
|  | 0% |  | 0% |
| --- | --- | --- | --- |
| Taxonomy-aligned Other investments | 100% | Taxonomy-aligned Other investments | 100% |

* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures
8
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 11%.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 13%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

9

### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The MSCI EMU SRI S-Series PAB 5% Capped (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.msci.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY MSCI EUROPE ESG FILTERED MIN TE	Legal entity identifyier: 213800R657WUBCZ7V163
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A positive screening using a selectivity approach. This involves evaluation of ESG performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases, treatment of waste;1

- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.
- A negative screening applying exclusion criteria with regard to issuers that are in violation of international norms and convention, such as the UN Nations Global Compact principles, or operate in sensitive sectors as defined by external data providers.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The MSCI Europe ESG Filtered Min TE (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark business involvement exclusion criteria;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s investment universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

2
Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Center following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product takes into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)3Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
4
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the MSCI Europe ESG Filtered Min TE (NTR) Index (Bloomberg: MXEUEFMT index) (the Index) by investing in shares issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of shares issued by companies included in the Index (optimised replication).
When investing in a sample of shares, the product tracking error may be higher.
The Index is composed of European companies selected on the basis of Environmental, Social and Corporate Governance (ESG) criteria (such as environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels, while minimising the tracking error compared to the parent index, the MSCI Europe index. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index. The type of approach used here is Best-in- universe (type of ESG selection consisting of giving priority to the issuers best rated from a non-financial viewpoint irrespective of their sector of activity, and accepting sector biases, because the sectors which are considered more virtuous on the whole will be more heavily represented).
The extra-financial strategy of the Index, carried out at each step of the investment process, may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
5
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the reference benchmark business involvement and controversies exclusion criteria.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus, shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product shall invest at least 40% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.
Asset allocation
describes the share of investments in specific assets.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product’s investment universe is reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector and/or other extra-financial criteria.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained
6
the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 40%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. AndTaxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
7
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
- Taxonomy-alignment of investmentsincluding sovereign bonds*0%Taxonomy-aligned1. Taxonomy-alignment of investmentsexcluding sovereign bonds*0%Taxonomy-alignedOther investments100%Other investments100%* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures


#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 8%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 13%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
-  the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
8
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The MSCI Europe ESG Filtered Min TE (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
9
The methodology used for the calculation of the reference benchmark can be found at: www.msci.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY MSCI EUROPE SMALL CAPS SRI S-SERIES PAB 5% CAPPED	Legal entity identifier: 213800AC6NMHI6C8P996
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The financial product aims to improve its ESG profile compared to its investment universe.
The ESG performance of an issuer is evaluated against a combination of environmental, social and governance factors which include but noct limited to:
- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;
- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.

The exclusion criteria are applied with regard to issuers that are in violation of international norms and convention, or operate in sensitive sectors as defined by external data providers.
Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
In synthetic replication, engagement with issuers and exercise of voting rights, if any, are only applied for the substitute basket underlying securities.
The MSCI Europe Small Cap SRI S-Series PAB 5% Capped (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark business involvement and controversies exclusion criteria;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The weighted average ESG score of the financial product’s portfolio compared to the weighted average ESG score of its investment universe, as defined in the Prospectus;
- The average carbon footprint of the financial product’s portfolio compared to the average carbon footprint of its investment universe;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments to which by the financial product is exposed are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
As of the date of the prospectus, the financial product applies synthetic replication. Consequently, the sustainable investments to which the financial product is exposed and described below are the ones of the underlying securities of the financial derivative instruments such as Total Return Swaps (TRS) used on a continuous basis for achieving the investment policy.
The investment manager is using, as of the date of the prospectus, BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;2
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product take into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises3
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the MSCI Europe Small Caps SRI S-Series PAB 5% Capped (NTR) index (Bloomberg: MXEUSSNE index) (the Index) by investing in the shares issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of securities included in the Index (optimised replication), or by investing in a substitute basket, composed of, inter alia, shares of companies, debt securities or cash (synthetic replication). When investing in a basket of securities called substitute basket the performance is swapped with the performance of the index, generating counterparty risk.
When investing in a sample of shares, the product tracking error may be higher.
The Index is composed of European small caps companies selected on the basis of a minimum Environmental, Social and Corporate Governance (ESG) criteria (environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels. It implements a cap that limits a company’s maximum
5
weight within the Index to 5% on each rebalancing date. In addition, the index aims to comply with the Paris Aligned Benchmark (PAB) targets of reducing carbon intensity by at least 50% relative to the initial investment universe and achieving an additional decarbonisation target of 7% each year. As a result, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index.
The type of approach implemented here is Best-in-class (Best-in-class approach identifies leaders in each sector based on the best ESG practices, while avoiding those that present high levels of risk and do not comply with minimum ESG standards according to the Index administrator and its specialised partners). The extra-financial strategy of the Index, carried out at each step of the investment process, may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the reference benchmark business involvement and controversies exclusion criteria.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product aims to include the securities with the highest ESG ratings making up 25% of the market capitalization in each sector and region of the investment universe, as defined in the Prospectus.
- The financial product shall have the weighted average carbon footprint of its investment strategy portfolio at least 50% lower than the weighted average carbon footprint of its investment universe.
- The financial product investment strategy portfolio shall achieve an annual decarbonisation target of at least 7%.
- The financial product shall invest at least 25% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product does not commit to a minimum rate of reduction of the scope of investments prior to the application of its investment strategy.
6
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
Asset allocation
describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
As of the date of the prospectus, the financial product applies synthetic replication. Consequently, the asset allocation planned for this financial product, as well as any minimum proportion described below, are the ones of the underlying portfolio of the financial derivative instruments such as Total Return Swaps (TRS) used on a continuous basis for achieving the investment policy.
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 25%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And7
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.

In synthetic replication, financial derivative instruments such as Total Return Swaps (TRS) are used on a continuous basis for achieving the investment policy which promotes environmental or social characteristics while ensuring that the securities physically held by the financial product (the ‘substitute basket’), performance of which is switched against the performance of the investment strategy, respect minimum extra-financial safeguards.
Synthetic replication is a framework where the TRS counterparty hedges its position and thus brings liquidity to all or a significant part of the ESG underlyings.
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
8
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
- Taxonomy-alignment of investmentsincluding sovereign bonds*0%Taxonomy-aligned1. Taxonomy-alignment of investmentsexcluding sovereign bonds*0%Taxonomy-alignedOther investments100%Other investments100%* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures


#### What is the minimum share of investments in transitional and enabling activities?
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.
Not applicable.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 9%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 7%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

9
In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The MSCI Europe Small Cap SRI S-Series PAB 5% Capped (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.msci.com.
10

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
11
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: 
BNP PARIBAS EASY MSCI EUROPE SRI S-SERIES 5% CAPPED	Legal entity identifier: 213800UNKEY76CWOI161
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The financial product aims to improve its ESG profile compared to its investment universe.
The ESG performance of an issuer is evaluated against a combination of environmental, social and governance factors which include but noct limited to:
- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;
- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.

The exclusion criteria are applied with regard to issuers that are in violation of international norms and convention, or operate in sensitive sectors as defined by external data providers.
Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The MSCI Europe SRI S-Series PAB 5% Capped (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark business involvement and controversies exclusion criteria;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The weighted average ESG score of the financial product’s portfolio compared to the weighted average ESG score of its investment universe, as defined in the Prospectus;
- The average carbon footprint of the financial product’s portfolio compared to the average carbon footprint of its investment universe;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

2
Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights
.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product take into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS) . More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)3Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
4
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the MSCI Europe SRI S-Series PAB 5% Capped (NTR) index (Bloomberg: M7CXESS index) (the Index) by investing in the shares issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of shares issued by companies included in the Index (optimised replication).
When investing in a sample of shares, the product tracking error may be higher.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The Index is composed of European companies selected on the basis of a minimum Environmental, Social and Corporate Governance (ESG) rating (environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels. It implements a cap that limits a company’s maximum weight within the Index to 5% on each rebalancing date. In addition, the index aims to comply with the Paris Aligned Benchmark (PAB) targets of reducing carbon intensity by at least 50% relative to the initial investment universe and achieving an additional decarbonisation target of 7% each year. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index. The type of approach used here is Best-in-class (Best-in-class approach identifies leaders in each sector based on the best ESG practices, while avoiding those that present high levels of risk and do not comply with minimum ESG standards according to the Index administrator and its specialised partners).
The extra-financial strategy of the Index, carried out at each step of the investment process, may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
5
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the reference benchmark business involvement and controversies exclusion criteria.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product aims to include the securities with the highest ESG ratings making up 25% of the market capitalization in each sector and region of the investment universe, as defined in the Prospectus;
- The financial product shall have the weighted average carbon footprint of its portfolio at least 50% lower than the weighted average carbon footprint of its investment universe;
- The financial product shall achieve an annual decarbonisation target of at least 7%;
- The financial product shall invest at least 45% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product does not commit to a minimum rate of reduction of the scope of investments prior to the application of its investment strategy.
Good governance practices include sound management structures, employee relations, remuneration of staff ad tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 45%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
excluding sovereign bonds*
1. Taxonomy-alignment of investments
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
including sovereign bonds*
|  | 0% |  | 0% |
| --- | --- | --- | --- |
| Taxonomy-aligned Other investments | 100% | Taxonomy-aligned Other investments | 100% |

* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 10%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 12%.
8

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The MSCI Europe SRI S-Series PAB 5% Capped (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index,
9
including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.msci.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY MSCI JAPAN ESG FILTERED MIN TE	Legal entity identifyier: 213800I1PJ1VY5QRDU86
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A positive screening using a selectivity approach. This involves evaluation of ESG performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases, treatment of waste;1

- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.
- A negative screening applying exclusion criteria with regard to issuers that are in violation of international norms and convention, such as the UN Nations Global Compact principles, or operate in sensitive sectors as defined by external data providers.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The MSCI Japan ESG Filtered Min TE (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark business involvement exclusion criteria;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s investment universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

2
Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Center following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product takes into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)3Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the MSCI Japan ESG Filtered Min TE (NTR) Index (Bloomberg: MXJPEFMT index) (the Index) by investing in the shares issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of shares issued by companies included in the Index (optimised replication).
When investing in a sample of shares, the product tracking error may be higher.
The Index is composed of Japanese companies selected on the basis of Environmental, Social and Corporate Governance (ESG) criteria (such as environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels, while minimising the tracking error compared to the parent index, the MSCI Japan index. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index. The type of approach used here is Best-in- universe (type of ESG selection consisting of giving priority to the issuers best rated from a non-financial
5
viewpoint irrespective of their sector of activity, and accepting sector biases, because the sectors which are considered more virtuous on the whole will be more heavily represented). The extra-financial strategy of the Index, carried out at each step of the investment process, may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the reference benchmark business involvement and controversies exclusion criteria.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus, shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product shall invest at least 40% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product’s investment universe is reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector and/or other extra-financial criteria.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 40%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
excluding sovereign bonds*
1. Taxonomy-alignment of investments
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
including sovereign bonds*
|  | 0% |  | 0% |
| --- | --- | --- | --- |
| Taxonomy-aligned Other investments | 100% | Taxonomy-aligned Other investments | 100% |

* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 10%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.
8

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 11%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The MSCI Japan ESG Filtered Min TE (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
9

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.msci.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph,
of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: 
BNP PARIBAS EASY MSCI JAPAN SRI S-SERIES 5% CAPPED	Legal entity identifier: 213800RIR2NNTKO1FI88
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The financial product aims to improve its ESG profile compared to its investment universe.
The ESG performance of an issuer is evaluated against a combination of environmental, social and governance factors which include but noct limited to:
- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;
- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.

The exclusion criteria are applied with regard to issuers that are in violation of international norms and convention, or operate in sensitive sectors as defined by external data providers.
Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The MSCI Japan SRI S-Series PAB 5% Capped (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark business involvement and controversies exclusion criteria;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The weighted average ESG score of the financial product’s portfolio compared to the weighted average ESG score of its investment universe, as defined in the Prospectus;
- The average carbon footprint of the financial product’s portfolio compared to the average carbon footprint of its investment universe;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

2
Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights
.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, sustainable investments of the financial product take into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)3Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
4
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the MSCI Japan SRI S-Series PAB 5% Capped (NTR) index (Bloomberg: M7CXESE index) (the Index) by investing in the shares issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of shares issued by companies included in the Index (optimised replication).
When investing in a sample of shares, the product tracking error may be higher.
The Index is composed of Japanese companies selected on the basis of a minimum Environmental, Social and Corporate Governance (ESG) rating (environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels. It implements a cap that limits a company’s maximum weight within the Index to 5% on each rebalancing date. In addition, the index aims to comply with the Paris Aligned Benchmark (PAB) targets of reducing carbon intensity by at least 50% relative to the initial investment universe and achieving an additional decarbonisation target of 7% each year. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index.
The type of approach used here is Best-in-class (Best-in-class approach identifies leaders in each sector based on the best ESG practices, while avoiding those that present high levels of risk and do not comply with minimum ESG standards according to the Index administrator and its specialised partners).
The extra-financial strategy of the Index, carried out at each step of the investment process, may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
5
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the reference benchmark business involvement and controversies exclusion criteria.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product aims to include the securities with the highest ESG ratings making up 25% of the market capitalization in each sector and region of the investment universe as defined in the Prospectus;
- The financial product shall have the weighted average carbon footprint of its portfolio at least 50% lower than the weighted average carbon footprint of its investment universe;
- The financial product shall achieve an annual decarbonisation target of at least 7%;
- The financial product shall invest at least 35% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product does not commit to a minimum rate of reduction of the scope of investments prior to the application of its investment strategy.

#### What is the policy to assess good governance practices of the investee companies?
Good governance practices include sound management structures, employee relations, remuneration of staff ad tax compliance.
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 35%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
including sovereign bonds*
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
0%
Taxonomy-aligned
1. Taxonomy-alignment of investments
excluding sovereign bonds*
0%
Taxonomy-aligned
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 12%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.
8

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 16%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The MSCI Japan SRI S-Series PAB 5% Capped (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
9

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.msci.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY MSCI NORTH AMERICA ESG FILTERED MIN TE	Legal entity identifyier: 213800AUR7GUUPS3H625
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A positive screening using a selectivity approach. This involves evaluation of ESG performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases, treatment of waste;1

- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.
- A negative screening applying exclusion criteria with regard to issuers that are in violation of international norms and convention, such as the UN Nations Global Compact principles, or operate in sensitive sectors as defined by external data providers.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The MSCI North America ESG Filtered Min TE (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark business involvement exclusion criteria;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s investment universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;2
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Center following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the- sustainable investments of the financial product takes into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity3
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the MSCI North America ESG Filtered Min TE (NTR) Index (Bloomberg: MXNAEFMT index) (the Index) by investing in the shares issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of shares issued by companies included in the Index (optimised replication).
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
When investing in a sample of shares, the product tracking error may be higher.
The Index is composed of North American companies selected on the basis of Environmental, Social and Corporate Governance (ESG) criteria (such as environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels, while minimising the tracking error compared to the parent index, the MSCI North America index. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index. The type of approach used here is Best-in-universe (type of ESG selection consisting of giving priority to the issuers best rated from a non- financial viewpoint irrespective of their sector of activity, and accepting sector biases, because the sectors which are considered more virtuous on the whole will be more heavily represented). The extra-
5
financial strategy of the Index, carried out at each step of the investment process, may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the reference benchmark business involvement and controversies exclusion criteria.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus, shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product shall invest at least 25% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product’s investment universe is reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector and/or other extra-financial criteria.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 25%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
including sovereign bonds*
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
0%
Taxonomy-aligned
1. Taxonomy-alignment of investments
excluding sovereign bonds*
0%
Taxonomy-aligned
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 5%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.
8

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 8%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The MSCI North America ESG Filtered Min TE (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
9

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.msci.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY MSCI PACIFIC EX JAPAN ESG FILTERED MIN TE	Legal entity identifyier: 213800LLO65K4I3C5A26
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A positive screening using a selectivity approach. This involves evaluation of ESG performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases, treatment of waste;1

- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.
- A negative screening applying exclusion criteria with regard to issuers that are in violation of international norms and convention, such as the UN Nations Global Compact principles, or operate in sensitive sectors as defined by external data providers.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The MSCI Pacific ex Japan ESG Filtered Min TE (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark business involvement exclusion criteria;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s investment universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;2
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Center following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product takes into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity3
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the MSCI Pacific ex Japan ESG Filtered Min TE (NTR) Index (Bloomberg: MXPJEFMT index) (the Index) by investing in shares issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of shares issued by companies included in the Index (optimised replication).
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
When investing in a sample of shares, the product tracking error may be higher.
The Index is composed of companies located in the Asia Pacific zone excluding Japan selected on the basis of Environmental, Social and Corporate Governance (ESG) criteria (such as environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels, while minimising the tracking error compared to the parent index, the MSCI Pacific ex Japan index. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index. The type of approach used here is Best-in-universe (type of ESG selection consisting of giving priority to the issuers best rated from a non-financial viewpoint irrespective of their sector of activity, and accepting sector biases, because the sectors which are considered more virtuous on the whole will be more heavily represented). The extra-financial strategy of the Index, carried out at each step of the
5
investment process, may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the reference benchmark business involvement and controversies exclusion criteria.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus, shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product shall invest at least 20% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product’s investment universe is reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector and/or other extra-financial criteria.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 20%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
including sovereign bonds*
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
0%
Taxonomy-aligned
1. Taxonomy-alignment of investments
excluding sovereign bonds*
0%
Taxonomy-aligned
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 4%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.
8

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 5%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The MSCI Pacific ex Japan ESG Filtered Min TE (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
9

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.msci.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph,
of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: 
BNP PARIBAS EASY MSCI USA SRI S-SERIES 5% CAPPED	Legal entity identifier: 213800F4ESQPVJRVLT42
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The financial product aims to improve its ESG profile compared to its investment universe.
The ESG performance of an issuer is evaluated against a combination of environmental, social and governance factors which include but noct limited to:
- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;
- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.

The exclusion criteria are applied with regard to issuers that are in violation of international norms and convention, or operate in sensitive sectors as defined by external data providers.
Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The MSCI USA SRI S-Series PAB 5% Capped (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark business involvement and controversies exclusion criteria;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The weighted average ESG score of the financial product’s portfolio compared to the weighted average ESG score of its investment universe, as defined in the Prospectus;
- The average carbon footprint of the financial product’s portfolio compared to the average carbon footprint of its investment universe;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

2
Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights
.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, sustainable investments of the the financial product take into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS) and as further detailed below in this document. More information on the GSS can be found on: Sustainability documents - BNPP AM CorporateEnglish (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)3Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the MSCI USA SRI S-Series PAB 5% Capped (NTR) index (Bloomberg: M1CXUSC index) ("the Index") by investing in the shares issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of shares issued by companies included in the Index (optimised replication). When investing in a sample of shares, the product tracking error may be higher.
The Index is composed of equities issued by US companies selected on the basis of a minimum Environmental, Social and Corporate Governance (ESG) criteria (environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels. It implements a cap that limits a company’s maximum weight within the Index to 5% on each rebalancing date. In addition, the Index aims to comply with the Paris Aligned Benchmark (PAB) targets of reducing carbon intensity by at least 50% relative to the initial investment universe and achieving an additional decarbonisation target of 7% each year. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index.
5
The type of approach used here is Best-in-class (best-in-class approach identifies leaders in each sector based on the best ESG practices, while avoiding those that present high levels of risk and do not comply with minimum ESG standards according to the Index administrator and its specialised partners). The extra-financial strategy of the Index, carried out at each step of the investment process, may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the reference benchmark business involvement and controversies exclusion criteria.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product aims to include the securities with the highest ESG ratings making up 25% of the market capitalization in each sector and region of the investment universe as defined in the Prospectus;
- The financial product shall have the weighted average carbon footprint of its portfolio at least 50% lower than the weighted average carbon footprint of its investment universe;
- The financial product shall achieve an annual decarbonisation target of at least 7%;
- The financial product shall invest at least 30% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
Good governance practices include sound management structures, employee relations, remuneration of staff ad tax compliance.
The financial product does not commit to a minimum rate of reduction of the scope of investments prior to the application of its investment strategy.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
6
Asset allocation describes the share of investments in specific assets.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 30%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
1. Taxonomy-alignment of investments
including sovereign bonds*
0%
Taxonomy-aligned
1. Taxonomy-alignment of investments
excluding sovereign bonds*
0%
Taxonomy-aligned
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 5%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.
8

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 10%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The MSCI USA SRI S-Series PAB 5% Capped (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
9

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.msci.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: BNP PARIBAS EASY MSCI WORLD ESG FILTERED MIN TE	Legal entity identifier: 213800GIDOG28RSHLD50
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The investment strategy selects issuers through:
- A positive screening using a selectivity approach. This involves evaluation of ESG performance of an issuer against a combination of environmental, social and governance factors which include but not limited to :
	- Environmental: energy efficiency, reduction of emissions of greenhouse gases, treatment of waste;1

- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.
- A negative screening applying exclusion criteria with regard to issuers that are in violation of international norms and convention, such as the UN Nations Global Compact principles, or operate in sensitive sectors as defined by external data providers.

Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The MSCI World ESG Filtered Min TE (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark business involvement exclusion criteria;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The minimum percentage of the financial product’s investment universe reduction due to exclusion of securities with low ESG score and/or sector exclusions and/or any other extra financial criteria;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

2
Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights.
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product takes into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS). More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)3Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and PrincipalAdverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the MSCI World ESG Filtered Min TE (NTR) index (Bloomberg: MXWOEMNU index) (“the Index”) by investing in shares issued by companies included in the Index, respecting the Index's weightings (full replication), or in a sample of shares issued by companies included in the Index (optimised replication).
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
When investing in a sample of shares, the product tracking error may be higher.
The Index is composed of equities issued by global large and mid-cap companies selected on the basis of Environmental, Social and Corporate Governance (ESG) criteria (such as environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels, while minimizing the tracking error compared to the parent index, the MSCI World index. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the Index.
The type of approach used here is Best-in-universe (type of ESG selection consisting in giving priority to the issuers best rated from a non-financial viewpoint irrespective of their sector of activity, and
5
accepting sector biases, because the sectors which are considered more virtuous on the whole will be more heavily represented).
The extra-financial strategy of the Index, carried out at each step of the investment process, may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the reference benchmark business involvement and controversies exclusion criteria.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product’s investment universe of the investment strategy, as defined in the Prospectus, shall be reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector exclusions and/or other extra-financial criteria.
- The financial product shall invest at least 30% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
The financial product’s investment universe is reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector and/or other extra-financial criteria.
Good governance practices include sound management structures, employee relations, remuneration of staff and tax compliance.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
6
Asset allocation describes the share of investments in specific assets.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 30%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
including sovereign bonds*
Enabling activities directly enable other activities to make a substantial contribution to an environmental objective.
Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
0%
Taxonomy-aligned
1. Taxonomy-alignment of investments
excluding sovereign bonds*
0%
Taxonomy-aligned
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 6%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.
8

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 9%.

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The MSCI World ESG Filtered Min TE (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.
9

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index, including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.msci.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
Sustainable
investment means an investment in an economic activity that contributes to an environmental or social objective, provided that the investment does not significantly harm any environmental or social objective and that the investee companies follow good governance practices.
Product name: 
BNP PARIBAS EASY MSCI WORLD SRI S-SERIES 5% CAPPED	Legal entity identifier: 213800O9N13WHRUQI558
The EU Taxonomy is a classification system laid down in Regulation (EU) 2020/852,
establishing a list of environmentally sustainable
economic activities. That Regulation does not lay down a list of socially sustainable economic activities. Sustainable investments with an environmental objective might be aligned with the Taxonomy or not.

## ENVIRONMENTAL AND/OR SOCIAL CHARACTERISTICS

### What environmental and/or social characteristics are promoted by this financial product?
The financial product promotes environmental and social characteristics by assessing underlying investments against Environmental, Social, and Governance (ESG) criteria using the methodology of the index provider. As such, the product is exposed to issuers that demonstrate superior or improve environmental and social practices, while implementing robust corporate governance practices within their sector of activity.
The financial product aims to improve its ESG profile compared to its investment universe.
The ESG performance of an issuer is evaluated against a combination of environmental, social and governance factors which include but noct limited to:
- Environmental: energy efficiency, reduction of emissions of greenhouse gases (GHG), treatment of waste;
- Social: respect of human rights and workers’ rights, human resources management (workers’ health and safety, diversity);1
- Governance: Board of Directors independence, managers’ remuneration, respect of minority shareholders rights.

The exclusion criteria are applied with regard to issuers that are in violation of international norms and convention, or operate in sensitive sectors as defined by external data providers.
Furthermore, the investment manager promotes better environmental and social outcomes through engagement with issuers and the exercise of voting rights according to the Stewardship policy, where applicable, in collaboration with BNP Paribas Asset Management’s Sustainability Centre.
The MSCI World SRI S-Series PAB 5% Capped (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.

#### What sustainability indicators are used to measure the attainment of each of the environmental or social characteristics promoted by this financial product?
Sustainability indicators measure how the environmental or social characteristics promoted by the financial product are attained.
The following sustainability indicators are used to measure the attainment of the environmental and social characteristics promoted by the financial product, and are based on the reference benchmark ESG methodology:
- The percentage of the financial product’s portfolio compliant with the reference benchmark business involvement and controversies exclusion criteria;
- The percentage of the financial product’s assets covered by the ESG analysis based on the index provider ESG methodology;
- The weighted average ESG score of the financial product’s portfolio compared to the weighted average ESG score of its investment universe, as defined in the Prospectus;
- The average carbon footprint of the financial product’s portfolio compared to the average carbon footprint of its investment universe;
- The percentage of the financial product’s portfolio invested in “sustainable investments” as defined in Article 2 (17) of SFDR.


#### What are the objectives of the sustainable investments that the financial product partially intends to make and how does the sustainable investment contribute to such objectives?
The objectives of the sustainable investments made by the financial product are to finance companies that contribute to environmental and/or social objectives through their products and services, as well as their sustainable practices.
The investment manager is using, as of the date of the prospectus, the BNP Paribas Asset Management (BNPP AM) internal methodology, as defined in the main part of the Prospectus, to determine sustainable investments. Such methodology integrates several criteria into its definition of sustainable investments that are considered to be core components to qualify a company as sustainable. These criteria are complementary to each other. In practice, a company must meet at least one of the criteria described below in order to be considered as contributing to an environmental or social objective:
- A company with an economic activity aligned with the EU Taxonomy objectives;
- A company with an economic activity contributing to one or more United Nations Sustainable Development goals (UN SDG) targets;
- A company operating in high GHG emission sector that is transitioning its business model to align with the objective of maintaining the global temperature rise below 1.5°C;
- A company with best-in-class environmental or social practices compared to its peers within the relevant sector and geographical region.

2
Green bonds, social bonds and sustainability bonds issued to support specific environmental and/or social projects are also qualified as sustainable investments provided that these debt securities receive an investment recommendation “POSITIVE” or “NEUTRAL” from the Sustainability Centre following the issuer and underlying project assessment based on a proprietary Green/Social/Sustainability Bond Assessment methodology.
Companies identified as a sustainable investment should not significantly harm any other environmental or social objectives (the Do No Significant Harm “DNSH” principle) and should follow good governance practices. BNPP AM uses its proprietary methodology and/or relies on information provided by the reference benchmark administrator to assess all companies against these requirements.
More information on the internal methodology can be found on the website of the investment manager: Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### How do the sustainable investments that the financial product partially intends to make, not cause significant harm to any environmental or social sustainable investment objective?
Principal adverse impacts are the most significant negative impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, anti‐ corruption and anti‐ bribery matters.
Sustainable investments that the product partially intends to make should not significantly harm any environmental or social objective (DNSH principle). In this respect, for such sustainable investments, the investment manager commits to consider principal adverse impacts on sustainability factors by taking into account indicators for adverse impacts as defined in SFDR, and to not invest in companies that do not meet their fundamental obligations in line with the OECD Guidelines and the UN Guiding Principles on Business and Human Rights
.

##### How have the indicators for adverse impacts on sustainability factors been taken into account?
The investment manager ensures that throughout its investment process, the sustainable investments of the financial product take into account principal adverse impact indicators by analysing within the investment process those indicators in respect of the sustainable investment pillars defined in the BNP Paribas Asset Management Global Sustainability Strategy (GSS) . More information on the GSS can be found on: Sustainability documents -BNPP AM Corporate English (bnpparibas-am.com).
The financial product considers and addresses or mitigates the following principal adverse sustainability impacts indicators for the proportion of assets qualified as sustainable investments:
Corporate mandatory indicators:
- GreenHouse Gas (GHG) Emissions
- Carbon footprint
- GHG intensity of investee companies
- Exposure to companies active in the fossil fuel sector
- Share of non-renewable energy consumption and production
- Energy consumption intensity per high impact climate sector
- Activities negatively affecting biodiversity sensitive areas
- Emissions to water
- Hazardous waste ratio
- Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises
- Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
- Unadjusted gender pay gap
- Board gender diversity
- Exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons)3Corporate voluntary indicators:Environment4. Investments in companies without carbon emission reduction initiativesSocial4. Lack of a supplier code of conduct9. Lack of a human rights policySovereign mandatory indicators
- GHG intensity
- Investee countries subject to social violationsMore detailed information on the manner in which principal adverse impacts on sustainability factors are considered can be found in the BNP PARIBAS ASSET MANAGEMENT SFDR disclosure statement: sustainability risk integration and Principal Adverse Impacts considerations.

In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.

##### How are the sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights? Details:
The sustainable investments of the financial product exclude issuers that are in violation or at risk of violation of the UN Global Compact Principles, OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business & Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights. This assessment is conducted within the BNPP AM Sustainability Centre on the basis of internal analysis and information provided by external experts, and in consultation with BNP Paribas Group CSR Team.
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should not significantly harm EU Taxonomy objectives and is accompanied by specific EU criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
4

### Does this financial product consider principal adverse impacts on sustainability factors?
Yes, the product considers some principal adverse impacts on sustainability factors. In order for the investment manager to determine which PAI is considered and addressed or mitigated, ESG methodology and disclosures of the reference benchmark and/or the index provider are used.
The policy framework in order to analyse how principle adverse impacts are considered for the financial product mainly relies on the three following pillars:
- Analysis of the embedded exclusion process leading the investment strategy to remove industries and behaviours that present a high risk of adverse impacts in violation of international norms and conventions and issuers that are involved in activities presenting an unacceptable risk to society and/or the environment;
- How the ESG ratings used throughout the investment process include in their methodology consideration of principal adverse impacts on sustainability factors, and to what extent those ratings are used in the investment strategy;
- Engagement and voting policy, when applicable.

The Stewardship team regularly identifies adverse impacts through ongoing research, collaboration with other long-term investors, and dialogue with NGOs and other experts. Engagement with issuers aim at encouraging them to improve their environmental, social and governance practices and, thus, mitigate potential adverse impacts. Voting at Annual General Meetings of companies the portfolio is invested in aims at promoting good governance and advance environmental and social issues.
More detailed information on the manner in which BNPP AM considers principal adverse impacts of investment decisions on sustainability factors taking due account of the size, the nature and scale of its activities and the types of financial products managed can be found in the BNPP AM SFDR disclosure statement: sustainability risk integration and Principal AdverseImpacts considerations.
In addition, information on how the principal adverse impacts on sustainability factors have been considered over the year will be available in the annual report of the financial product.
No

### What investment strategy does this financial product follow?
The product is an index-tracking passively managed fund.
The investment strategy guides investment decisions based on factors such as investment objectives and risk tolerance.
The product seeks to replicate (with a maximum tracking error* of 1%) the performance of the MSCI World SRI S-Series PAB 5% Capped (NTR) index (Bloomberg: M1CXWSC index) (the Index) by investing in the shares issued by companies included in the Index, respecting the Index's weightings (full replication) or in a sample of shares issued by companies included in the Index (optimised replication),
When investing in a sample of shares, the product tracking error may be higher.
The Index is composed of companies selected on the basis of a minimum Environmental, Social and Corporate Governance (ESG) criteria (environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels. It implements a cap that limits a company’s maximum weight within the Index to 5% on each rebalancing date. In addition, the index aims to comply with the Paris Aligned Benchmark (PAB) targets of reducing carbon intensity by at least 50% relative to the initial investment universe and achieving an additional decarbonisation target of 7% each year. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are
5
excluded from the Index. The type of approach used here is Best-in-class (Best-in-class approach identifies leaders in each sector based on the best ESG practices, while avoiding those that present high levels of risk and do not comply with minimum ESG standards according to the Index administrator and its specialised partners).
The extra-financial strategy of the Index, carried out at each step of the investment process, may comprise methodological limitations such as the risk related to ESG investment or the Index rebalancing.
Further information on the Index, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.
*The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index.
The elements of the investment strategy to attain the environmental or social characteristics promoted by this financial product as described below are systematically integrated throughout the investment process
.

#### What are the binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product?
- The financial product shall comply with the reference benchmark business involvement and controversies exclusion criteria.
- The financial product shall have at least 90% of its investment strategy underlying securities covered by the ESG analysis based on the index provider methodology.
- The financial product aims to include the securities with the highest ESG ratings making up 25% of the market capitalization in each sector and region of the investment universe, as defined in the Prospectus;
- The financial product shall have the weighted average carbon footprint of its portfolio at least 50% lower than the weighted average carbon footprint of its investment universe;
- The financial product shall achieve an annual decarbonisation target of at least 7%;
- The financial product shall invest at least 35% of its assets in “sustainable investments” as defined in Article 2 (17) of SFDR. Criteria to qualify an investment as “sustainable investment” are indicated in the above question “What are the objectives of the sustainable investments that the financial product partially intends to make and does the sustainable investments contribute to such objectives” and the quantitative and qualitative thresholds are mentioned in the main part of the Prospectus.

There is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### What is the committed minimum rate to reduce the scope of the investments considered prior to the application of that investment strategy?
Good governance practices include sound management structures, employee relations, remuneration of staff ad tax compliance.
The financial product does not commit to a minimum rate of reduction of the scope of investments prior to the application of its investment strategy.

#### What is the policy to assess good governance practices of the investee companies?
The reference benchmark ESG scoring framework assesses corporate governance such as sound management structures, employee relations, remuneration of staff and tax compliance through a core set of standard key performance indicators that look especially at board, pay, ownership and control, and accounting practices.
6
Asset allocation describes the share of investments in specific assets.
Further information on the reference benchmark, its composition, calculation and rules for periodical review and rebalancing and on the general methodology behind the MSCI indices can be found on www.msci.com.

### What is the asset allocation planned for this financial product?
In order to determine the investments used to meet the environmental or social characteristics promoted by the financial product, taking into account all the binding elements of its investment strategy as mentioned above, BNPP AM has decided to use its internal methodologies through the calculation of the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment.
The minimum proportion of such investments used to meet the environmental or social characteristics promoted by the financial product shall be at least 50%. For the avoidance of doubt, such a proportion is solely a minimum and the exact percentage of the investments of the financial product that attained the promoted environmental or social characteristics will be available in the annual report. The minimum proportion of sustainable investments of the financial product is 35%.
The remaining proportion of the investments may include:
- The proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes, or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the Responsible Business Conduct (RBC) policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.

7
Taxonomy-aligned activities are expressed as a share of:
- 	turnover reflecting the share of revenue from green activities of investee companies
- capital expenditure (CapEx) showing the green investments made by investee companies, e.g. for a transition to a green economy.
- operational expenditure (OpEx) reflecting green operational activities of investee companies.


#### How does the use of derivatives attain the environmental or social characteristics promoted by the financial product?
Financial derivative instruments may be used for efficient portfolio management and hedging purposes. These instruments are not used to attain the environmental or social characteristics promoted by the product.

### To	what	minimum	extent	are	sustainable	investments	with	an environmental objective aligned with the EU Taxonomy?
Not applicable.
The two graphs below show in green the minimum percentage of investments that are aligned with the EU Taxonomy. As there is no appropriate methodology to determine the Taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
1. Taxonomy-alignment of investments
including sovereign bonds*
0%
- Taxonomy-alignment of investmentsexcluding sovereign bonds*0%Taxonomy-aligned	Taxonomy-alignedEnabling activities directly enable other activities to make a substantial contribution to an environmental objective.

Transitional activities are activities for which low-carbon alternatives are not yet available and among others have greenhouse gas emission levels corresponding to the best performance.
Other investments
100%
Other investments
100%
* For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures

#### What is the minimum share of investments in transitional and enabling activities?
Not applicable.

### What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?
are sustainable investments with an environmental objective that do not take into account the criteria for environmentally sustainable economic activities under the EU Taxonomy.
The minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy is 8%.
The minimum share is intentionally low as the objective of the investment manager is not to prevent the product from investing in taxonomy-aligned activities within the framework of the investment strategy of the product.
The Management Company is improving its Taxonomy-alignment data collection to ensure the accuracy and suitability of its Taxonomy sustainability-related disclosures. In the meantime, the financial product will invest in sustainable investments with an environmental objective that are not aligned with the EU Taxonomy.

### What is the minimum share of socially sustainable investments?
The minimum share of socially sustainable investments within the financial product is 10%.
8

### What investments are included under “#2 Other”, what is their purpose and are there any minimum environmental or social safeguards?
The remaining proportion of the investments may include:
- the proportion of assets that do not attain the minimum standard to meet environmental or social characteristics promoted by the financial product, being the proportion of assets with a positive ESG score combined with a positive E score or a positive S score and the proportion of assets being qualified as Sustainable Investment, both based on the BNPP AM ESG proprietary methodologies. These assets are used for investment purposes , or
- instruments which are mainly used for liquidity, efficient portfolio management, and/or hedging purposes, notably cash, deposits and derivatives.

In any case, the investment manager will ensure that those investments are made while maintaining the improvement of the ESG profile of the financial product. In addition, those investments are made in compliance with our internal processes, including the following minimum environmental or social safeguards:
- the risk management policy. The risk management policy comprises procedures as are necessary to enable the management company to assess for each financial product it manages the exposure of that product to market, liquidity, sustainability and counterparty risks. And
- the RBC policy, where applicable, through the exclusion of companies involved in controversies due to poor practices related to human and labour rights, environment, and corruption, as well as companies operating in sensitive sectors (tobacco, coal, controversial weapons, asbestos,…), as these companies are deemed to be in violation of international norms, or to cause unacceptable harm to society and/or the environment.


### Is a specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes?
The MSCI World SRI S-Series PAB 5% Capped (NTR) Index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics promoted by the financial product.
Reference benchmarks are indexes to measure whether the financial product attains the environmental or social characteristics that they promote.

#### How is the reference benchmark continuously aligned with each of the environmental or social characteristics promoted by the financial product?
The environmental or social characteristics promoted by the financial product are directly linked to the ones of the reference benchmark as the investment objective of the financial product is to replicate the performance of the reference benchmark, including fluctuations, and to maintain the tracking-error between the financial product and the reference benchmark below 1%.
The reference benchmark is rule-based and therefore continuously apply its methodology, including environmental or social characteristics.
However, there is no guarantee that extra-financial filter or criteria is applied at any moment. For instance, between two index reshuffles, if a company were deemed to not fulfil anymore an ESG criteria, it may be excluded only at the next reshuffle following the index provider rules.

#### How is the alignment of the investment strategy with the methodology of the index ensured on a continuous basis?
The alignment of the investment strategy with the methodology of the index is intrinsic to the investment objective of the financial product which is to replicate the performance of the index,
9
including fluctuations, and to maintain the tracking-error between the financial product and the index below 1%.

#### How does the designated index differ from a relevant broad market index?
The reference benchmark incorporates environmental or social criteria in its asset allocation methodology whereas a relevant broad market index does not and is usually market- capitalization weighted.

#### Where can the methodology used for the calculation of the designated index be found?
The methodology used for the calculation of the reference benchmark can be found at: www.msci.com.

### Where can I find more product specific information online?
More product-specific information can be found on the website: 
https://www.bnpparibas-am.com after choosing the relevant country and directly in the section “Sustainability-related disclosures” dedicated to the product.
10

Translation (ENFR, 2023-01-01):
# LIVRE III
Informations précontractuelles publiées
pour les produits financiers visés à l’Article 8, paragraphes 1, 2 et 2a, du Règlement SFDR et à l’Article 6, premier paragraphe, du Règlement européen sur la taxonomie, ainsi qu’à l’Article 9, paragraphes 1 à 4a, du Règlement SFDR et à l’Article 5, premier paragraphe, du Règlement européen sur la taxonomie

##### Modèle d’informations précontractuelles pour les produits financiers visés à l’article 9, paragraphes 1 à 4a, du règlement (UE) 2019/2088
et à l’article 5, premier alinéa, du règlement (UE) 2020/852
Dénomination du produit : BNP PARIBAS EASY JPM ESG GREEN SOCIAL & SUSTAINABILITY IG EUR BOND Identifiant d’entité juridique : 213800QTVKCKUPE6F192

## OBJECTIF D’INVESTISSEMENT DURABLE
Ce produit financier a-t-il un objectif d’investissement durable ?
Oui
Il réalisera un minimum d’investissements durables ayant un objectif environnemental : 5
0 %
dans des activités économiques qui sont considérées comme durables sur le plan environnemental au titre de la taxinomie de l’UE
dans des activités économiques qui ne sont pas considérées comme durables sur le plan environnemental au titre de la taxinomie de l’UE

### Il réalisera un minimum d’investissements durables ayant un objectif social : 7 %
Non

### Il promeut des caractéristiques environnementales et sociales (E/S) et, bien qu’il n’ait pas pour objectif l’investissement durable, il contiendra une proportion minimale de 	% d’investissements durables
ayant un objectif environnemental dans des activités économiques qui sont considérées comme durables sur le plan environnemental au titre de la taxinomie de l’UE
ayant un objectif environnemental dans des activités économiques qui ne sont pas considérées comme durables sur le plan environnemental au titre de la taxinomie de l’UE
ayant un objectif social

### Il promeut des caractéristiques E/S, mais ne réalisera pas d’investissements durables
Les indicateurs de durabilité permettent de mesurer la manière dont les objectifs de durabilité de ce produit financier sont atteints.

##### Quel est l’objectif d’investissement durable de ce produit financier ?
Les objectifs des investissements durables réalisés par le produit financier sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM) pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns

##### 1
des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci-dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous- jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas- am.com).
Le produit financier met particulièrement l'accent sur les obligations vertes qui visent à s'aligner sur les objectifs de l'Accord de Paris.
L'indice J.P. Morgan ESG Green Social & Sustainability IG EUR Bond (TR) a été désigné comme référence pour atteindre l'objectif d'investissement durable du produit financier.
Les principales incidences négatives correspondent aux incidences négatives les plus significatives des décisions d’investissement sur les facteurs de durabilité liés aux questions environnementales, sociales et de personnel, au respect des droits de l’homme et à la lutte contre la corruption et les actes de corruption.

#### Quels sont les indicateurs de durabilité utilisés pour mesurer la réalisation de l’objectif d’investissement durable de ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer la réalisation de l’objectif d’investissement durable promu par le produit financier :
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG d'un tiers ;
- Le score ESG moyen pondéré des actifs du produit financier par rapport au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus ;
- Le pourcentage du portefeuille du produit financier investi dans des " investissements durables " tels que définis à l'article 2 (17) du SFDR.


#### Dans quelle mesure les investissements durables ne causent-ils pas de préjudice important à un objectif d’investissement durable sur le plan environnemental ou social ?
Les investissements durables que le produit a l’intention de réaliser en partie ne doivent pas nuire de manière significative à un objectif environnemental ou social (principe consistant à « ne pas causer de préjudice important »). À cet égard, la société de gestion s’engage à analyser les principales incidences négatives sur les facteurs de durabilité en tenant compte des indicateurs d’incidence négative tels que définis dans le règlement SFDR et à ne pas investir dans des émetteurs qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l’OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l’homme.

##### 2

###### Comment les indicateurs concernant les incidences négatives sur les facteurs de durabilité ont-ils été pris en considération ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergies non renouvelables
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations Unies et des Principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement
- Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des gaz à effet de serre
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS


##### 3
ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Dans quelle mesure les investissements durables sont-ils conformes aux Principes directeurs de l’OCDE à l’intention des entreprises multinationales et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l’homme ?
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.

### Ce produit financier prend-il en considération les principales incidences négatives sur les facteurs de durabilité ?
Oui, Le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Pour que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

##### 4
Non

##### Quelle stratégie d’investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
Le produit cherche à répliquer (avec une erreur de suivi* maximale de 1 %) la performance de l'indice J.P. Morgan ESG Green Social & Sustainability IG EUR Bond (TR) (Bloomberg : indice JPEIGSSE) (l'indice) en investissant dans des titres de créance émis par des pays et des sociétés inclus dans l'indice, en respectant les pondérations de l'indice (réplication complète), ou dans un échantillon de titres de créance émis par des pays et des sociétés inclus dans l'indice (réplication optimisée).
En cas d'investissement dans un échantillon de titres de créance, l'écart de suivi du produit peut être plus élevé.
La stratégie d’investissement guide les décisions d’investissement selon des facteurs tels que les objectifs d’investissement et la tolérance au risque.
L'indice est composé d'obligations vertes, sociales et durables émises en EUR sur les marchés développés et émergents, en mettant l'accent sur les obligations vertes qui sont alignées sur les objectifs de l'Accord de Paris. Une méthodologie de notation et de sélection environnementale, sociale et de gouvernance d'entreprise (ESG) (comme les conventions environnementales, les conventions sur les droits du travail, les droits de l'homme, etc.) est appliquée pour favoriser les émetteurs les mieux classés selon les critères ESG et les émissions d'"obligations climatiques certifiées", et pour sous-pondérer ou éliminer les émetteurs moins bien classés. La source de l'étiquetage et de la certification des obligations vertes, sociales et durables est la Climate Bonds Initiative, un système d'étiquetage pour les obligations, les prêts et autres instruments de dette, basé sur des critères scientifiques rigoureux et conforme aux objectifs de l'Accord de Paris sur le climat visant à limiter le réchauffement à moins de 2 degrés (www.climatebonds.net). En conséquence, les émetteurs sujets à des violations significatives des principes du Pacte Mondial des Nations Unies et ceux impliqués dans de graves controverses liées aux facteurs ESG sont exclus de l'indice. Le type d'approche mis en Úuvre ici est thématique (l'indice est composé d'entreprises qui fournissent des produits et des services apportant des solutions concrètes à des défis environnementaux et/ou sociaux spécifiques, cherchant à bénéficier de la croissance future anticipée dans ces domaines tout en apportant du capital à la transition vers une économie sobre en carbone et inclusive).La stratégie extra-financière de l'indice peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices ESG de J.P Morgan, sont disponibles sur www.jpmorgan.com.
*L'écart de suivi est un indicateur de risque qui mesure la proximité d'un fonds avec la performance de son indice.
Les éléments de la stratégie d'investissement visant à atteindre l'objectif d'investissement durable par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d’investissement utilisés pour sélectionner les investissements en vue d’atteindre l’objectif d’investissement durable ?
- Le produit financier doit systématiquement intégrer les facteurs ESG pertinents et conformes à sa stratégie d'investissement dans ses processus d'analyse et de décision.
- Les obligations émises par des émetteurs non souverains tirant des revenus de l'énergie nucléaire, du pétrole et du gaz, des sables bitumineux, du charbon thermique, du tabac ou des armes, ou n'adhérant pas aux principes de l'UNGC ne seront pas éligibles.
- La stratégie d'investissement en produits financiers exclut les émetteurs classés dans la bande 5 telle que définie par le fournisseur de l'indice. Les scores ESG de l'indice sont divisés en cinq bandes, la bande 1 ayant le score ESG le plus élevé et la bande 5 le score ESG le plus faible.
- Une méthodologie ESG tierce utilisée par le fournisseur de l'indice est appliquée pour faire basculer les émetteurs mieux classés selon les critères ESG et pour sous-pondérer ou supprimer les émetteurs moins bien classés.


##### 5
sont des investissements durables sur le plan environnemental qui ne tiennent pas compte des critères applicables aux activités économiques durables sur le plan environnemental au titre de la taxinomie de l’UE.
Les pratiques de bonne gouvernance concernent des structures de gestion saines, les relations avec le personnel, la rémunération du personnel et le respect des obligations fiscales.
- Le produit financier doit investir au moins 85% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci-dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quelle est la politique suivie pour évaluer les pratiques de bonne gouvernance des sociétés bénéficiaires des investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices ESG
J.P Morgan, sont disponibles sur le site www.jpmorgan.com.
L’allocation des actifs décrit la part des investissements dans des actifs spécifiques.

### Quelle est l’allocation des actifs et la part minimale d’investissements durables ?
La proportion minimale d'investissements durables utilisés pour atteindre l'objectif de durabilité du produit financier est de 85%.
Les activités alignées sur la taxinomie sont exprimées en pourcentage :
- 	du chiffre d’affaires pour refléter la part des revenus provenant des activités vertes des sociétés bénéficiaires des investissements ;
- des dépenses d’investissement (CapEx) pour montrer les investissements verts réalisés par les sociétés bénéficiaires des investissements, pour une transition vers une économie verte par exemple ;
- des dépenses d’exploitation (OpEx) pour refléter les activités opérationnelles vertes des sociétés bénéficiaires des investissements.

Pour éviter tout doute, cette proportion est uniquement un engagement minimum et le pourcentage réel des investissements durables du produit financier sera disponible dans le rapport annuel.
6

#### Comment	l’utilisation	de	produits	dérivés	atteint-elle	l’objectif d’investissement durable ?
Les instruments financiers dérivés peuvent être utilisés à des fins de couverture et/ou de gestion efficace de portefeuille et/ou d’investissement. Soit ces instruments ne sont pas utilisés pour atteindre l’objectif d’investissement durable du produit, soit ils sont alignés sur l’objectif d’investissement durable du produit financier.

### Dans quelle mesure minimale les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxinomie de l’UE ?
Non applicable.
Les activités habilitantes permettent directement à d’autres activités de contribuer de manière substantielle à la réalisation d’un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n’existe pas encore de solutions de remplacement sobres en carbone et, entre autres, dont les niveaux d’émission de gaz à effet de serre correspondent aux meilleures performances réalisables.
Les deux graphiques ci-dessous font apparaître en vert le pourcentage minimal
d’investissements alignés sur la taxinomie de l’UE. Étant donné qu’il n’existe pas de méthodologie appropriée pour déterminer l’alignement des obligations souveraines* sur la taxinomie, le premier graphique montre l’alignement sur la taxinomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le deuxième graphique représente l’alignement sur la taxinomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
*Aux fins de ces graphiques, les « obligations souveraines » comprennent toutes les expositions souveraines
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des critères des activités économiques durables sur le plan environnemental selon la taxonomie de l'UE.
Quelle est la part minimale d’investissements dans des activités transitoires et habilitantes ?
Non applicable.

### Quelle est la part minimale d’investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxinomie de l’UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxinomie de l’UE est de 50 %.
La part minimale est intentionnellement basse car la société de gestion n’a pas pour objectif d’empêcher le produit d’investir dans des activités alignées sur la taxinomie dans le cadre de la stratégie d’investissement du produit.
La société de gestion améliore ses systèmes de collecte des données d’alignement sur le Règlement européen sur la taxinomie pour garantir l’exactitude et le caractère adéquat des informations publiées en matière de durabilité dans le cadre du Règlement européen sur la taxinomie. En parallèle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxinomie de l’UE.
7

### Quelle est la part minimale d’investissements durables ayant un objectif social ?
La part minimale d'investissements socialement durables dans le produit financier est de 7 %.

### Quels sont les investissements inclus dans la catégorie « #2 Non durables », quelle est leur finalité et existe-t-il des garanties environnementales ou sociales minimales ?
Les investissements "non durables" sont des instruments qui sont utilisés à des fins de liquidité et/ou de couverture, notamment les liquidités, les dépôts et les produits dérivés.
Le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés tout en maintenant l'objectif d'investissement durable du produit financier. En outre, ces investissements sont effectués en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées être en violation des normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme indice de référence pour atteindre l’objectif d’investissement durable ?
Les indices de référence sont des indices permettant de mesurer si le produit financier atteint l’objectif d’investissement durable.
L'indice J.P. Morgan ESG Green Social & Sustainability IG EUR Bond (TR) a été désigné comme indice de référence afin de répondre à l'objectif d'investissement durable du produit financier.

#### Comment l’indice de référence tient-il compte des facteurs de durabilité afin d’être constamment aligné sur l’objectif d’investissement durable ?
Les facteurs de durabilité pris en compte par le produit financier sont directement liés à ceux de l'indice de référence, car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris ses fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
Le benchmark de référence est basé sur des règles et applique donc continuellement sa méthodologie, y compris l'objectif d'investissement durable.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l’alignement de la stratégie d’investissement sur la méthodologie de l’indice est-il garanti en permanence ?

##### 8
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l’indice désigné diffère-t-il d’un indice de marché large pertinent ?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.

#### Où trouver la méthode utilisée pour le calcul de l’indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.jpmorgan.com.

### Où puis-je trouver en ligne davantage d’informations spécifiques au produit ?
De plus amples informations sur le produit sont accessibles sur le site internet : www.bnpparibas- am.com après avoir choisi le pays concerné, en consultant directement la section « Informations en matière de durabilité » consacrée au produit.

##### 9
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit 
BNP PARIBAS EASY Ƭ AGGREGATE BOND SRI FOSSIL FREE	
Identifiant de l'entité juridique :
213800L5V2IKDB9QP195

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un
que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les entreprises bénéficiaires de

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 10 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais
o Un screening négatif appliquant des critères d'exclusion. Ceci s'applique aux émetteurs ayant un profil ESG médiocre et aux émetteurs qui violent systématiquement le Pacte Mondial des Nations Unies.

##### 1
- Une sélection positive utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Environnementale : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

En outre, le gestionnaire d'investissement promeut de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant ses droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice Bloomberg MSCI Euro Aggregate ex Fossil Fuel SRI Select (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du benchmark de référence :
- Le pourcentage du portefeuille du produit financier conforme aux critères d'exclusion de l'univers éligible du référentiel ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur de l'indice ;
- Le pourcentage minimum de réduction de l'univers du produit financier dû à l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles et/ou tout autre critère financier supplémentaire ;
- Le pourcentage du portefeuille du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables réalisés par le produit financier sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;


##### 2
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique


##### 3
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement
- Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de
Le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Afin que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement et indiciel.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec un écart de suivi maximal* de 1 %) la performance de l'indice Bloomberg MSCI Euro Aggregate ex Fossil Fuel SRI Select (NTR) (Bloomberg : I37256 Index) (l'Indice ) en investissant dans des titres de créance (obligations à taux fixe, investment-grade, libellées en euros) émis par des pays et des sociétés inclus dans l'Indice, en respectant les pondérations de l'Indice (réplication complète), ou dans un échantillon de titres de créance (obligations à taux fixe, investment- grade, libellées en euros) émis par des pays et des sociétés inclus dans l'Indice (réplication optimisée).
En cas d'investissement dans un échantillon de titres de créance, l'écart de suivi du produit peut être plus élevé.
Les critères environnementaux, sociaux et de gouvernance (ESG) contribuent à la prise de décision du gérant, mais ne sont pas un facteur déterminant.
*L'écart de suivi est un indicateur de risque qui mesure la proximité d'un fonds par rapport à la performance de son indice.
Les éléments de la stratégie d'investissement visant à atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier, telles que décrites ci-dessous, sont systématiquement intégrés dans le processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères de l'univers éligible en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.
- Le produit financier doit avoir au moins 90% de sa stratégie d'investissement sous- jacente à des émetteurs couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le Prospectus, sera réduit d'au moins 20% en raison de l'exclusion d'émetteurs ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra-financiers.
- Le produit financier doit investir au moins 10% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci- dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.
6

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'indice exclut au moins 20% des titres de son univers d'investissement (approche de "sélectivité") après l'application de cette stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices Bloomberg MSCI SRI, sont disponibles sur www.bloombergindices.com.
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les
La répartition des actifs décrit la part des investissements dans des actifs
employés, la rémunération du personnel et la

### Quelle est la répartition des actifs prévue pour ce produit financier ?
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, l'allocation d'actifs prévue pour ce produit financier, ainsi que toute proportion minimale décrite ci- dessous, sont celles du portefeuille sous-jacent des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
La proportion minimale de ces investissements, ainsi que toute proportion minimale décrite ci-dessous, sont celles du portefeuille sous-jacent d'instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés en permanence pour réaliser la politique d'investissement.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier sera d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 10%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et


##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 6 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 3 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.


##### 9
Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice Bloomberg MSCI Euro Aggregate ex Fossil SRI Select (NTR) index a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
10

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.bloombergindices.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit 
BNP PARIBAS EASY Ƭ CORP BOND SRI PAB	
Identifiant de l'entité juridique :
213800R5FRPLL29GH115

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
objectif environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 30 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
ou non sur la

### Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais
- Un screening négatif appliquant des critères d'exclusion. Ceci s'applique aux émetteurs ayant un profil ESG médiocre et aux émetteurs qui violent systématiquement le Pacte Mondial des Nations Unies.


##### 1
- Une sélection positive utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Environnementale : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

En outre, le gestionnaire d'investissement promeut de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant ses droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice Bloomberg MSCI Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer la réalisation des caractéristiques environnementales et sociales promues par le produit financier :
- Le pourcentage de l'exposition économique du produit financier conforme à la politique de RBC ;
- Le pourcentage de l'exposition économique du produit financier couvert par l'analyse ESG basée sur une méthodologie externe et/ou propriétaire(s) ESG ;
- Le pourcentage minimum de l'exposition économique du produit financier dans la réduction de l'univers d'investissement en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou de tout autre critère financier supplémentaire ;
- L'empreinte carbone moyenne de l'exposition économique du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement ;
- Le pourcentage de l'exposition économique du produit financier dans les "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables réalisés par le produit financier sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :

##### 2
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :

##### 3
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Afin que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds à gestion passive indicielle.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec un écart de suivi* maximal de 1 %) la performance de l'indice Bloomberg MSCI Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB (NTR) (Bloomberg : I34235EU Index) ("l'indice") en investissant dans des titres de créance émis par des sociétés incluses dans l'indice, en respectant les pondérations de l'indice (réplication complète), ou dans un échantillon de titres de créance émis par des sociétés incluses dans l'indice (réplication optimisée).
En cas d'investissement dans un échantillon de titres de créance, l'écart de suivi du produit peut être plus élevé. L'indice est composé de titres sélectionnés sur la base de critères environnementaux, sociaux et de gouvernance d'entreprise (ESG) (tels que l'opportunité environnementale, la pollution et les déchets, le capital humain, la gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels. ) et sur la base de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice. Le type d'approche mis en Úuvre ici est Best-in-universe (type de sélection ESG consistant à privilégier les émetteurs les mieux notés d'un point de vue extra-financier quel que soit leur secteur d'activité, et à accepter des biais sectoriels, car les secteurs jugés globalement plus vertueux seront plus fortement représentés). La stratégie extra-financière de l'Indice peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice. De plus amples informations sur l'indice, sa composition, son calcul, sa méthodologie et les règles de suivi et de rééquilibrage périodiques sont disponibles sur www.bloombergindices.com.
*L'écart de suivi est un indicateur de risque qui mesure la proximité d'un fonds avec la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'éligibilité des actions en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées,...), car ces entreprises sont réputées violer les normes internationales ou causer des dommages inacceptables à la société et/ou à l'environnement.
- Le produit financier doit avoir au moins 90% de sa stratégie d'investissement en titres sous-jacents couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le Prospectus, doit être réduit d'au moins 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra-financiers.
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille inférieure d'au moins 50% à l'empreinte carbone moyenne pondérée de son univers d'investissement.
- Le produit financier doit atteindre un objectif annuel de décarbonisation d'au moins 7%.


##### 6
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
- Le produit financier doit investir au moins 30% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci- dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'indice exclut au moins 20% des titres de son univers d'investissement (approche de "sélectivité") après l'application de cette stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices Bloomberg MSCI SRI, sont disponibles sur www.bloombergindices.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, l'allocation d'actifs prévue pour ce produit financier, ainsi que toute proportion minimale décrite ci- dessous, sont celles du portefeuille sous-jacent des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
La proportion minimale de ces investissements, ainsi que toute proportion minimale décrite ci-dessous, sont celles du portefeuille sous-jacent d'instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés en permanence pour réaliser la politique d'investissement.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier sera d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 30%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 8 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 6 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.


##### 9
Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice Bloomberg MSCI Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
10

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.bloombergindices.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit 
BNP PARIBAS EASY Ƭ CORP BOND SRI PAB 1-3Y	Identifiant de l'entité juridique :
213800WUDLD3KPY86A85

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un
objectif environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 25 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais
o Un screening négatif appliquant des critères d'exclusion. Ceci s'applique aux émetteurs ayant un profil ESG médiocre et aux émetteurs qui violent systématiquement le Pacte Mondial des Nations Unies.

##### 1
- Une sélection positive utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Environnementale : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

En outre, le gestionnaire d'investissement promeut de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant ses droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice Bloomberg MSCI 1-3 Year Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer la réalisation des caractéristiques environnementales et sociales promues par le produit financier :
- Le pourcentage de l'exposition économique du produit financier conforme à la politique de RBC ;
- Le pourcentage de l'exposition économique du produit financier couvert par l'analyse ESG basée sur une méthodologie externe et/ou propriétaire(s) ESG ;
- Le pourcentage minimum de l'exposition économique du produit financier dans la réduction de l'univers d'investissement en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou de tout autre critère financier supplémentaire ;
- L'empreinte carbone moyenne de l'exposition économique du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement ;
- Le pourcentage de l'exposition économique du produit financier dans les "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables réalisés par le produit financier sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :

##### 2
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :

##### 3
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Oui, le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Afin que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds à gestion passive indicielle.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une erreur de suivi* maximale de 1 %) la performance de l'indice Bloomberg MSCI 1-3 Year Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB (NTR) (Bloomberg : I34701EU Index) (l'indice) en investissant dans des titres de créance émis par des sociétés incluses dans l'indice, en respectant les pondérations de l'indice (réplication complète), ou dans un échantillon de titres de créance émis par des sociétés incluses dans l'indice (réplication optimisée).
En cas d'investissement dans un échantillon de titres de créance, l'écart de suivi du produit peut être plus élevé.
L'indice est composé de titres sélectionnés sur la base de critères environnementaux, sociaux et de gouvernance d'entreprise (ESG) (tels que l'opportunité environnementale, la pollution et les déchets, le capital humain, la gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels.
) et sur la base de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice.
Le type d'approche mis en Úuvre ici est Best-in-universe (type de sélection ESG consistant à privilégier les émetteurs les mieux notés d'un point de vue extra-financier quel que soit leur secteur d'activité, et à accepter des biais sectoriels, car les secteurs considérés comme plus vertueux dans l'ensemble seront plus fortement représentés). La stratégie extra-financière de l'Indice peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice. De plus amples informations sur l'indice, sa composition, son calcul, sa méthodologie et les règles de suivi et de rééquilibrage périodiques sont disponibles sur www.bloombergindices.com.
*L'écart de suivi est un indicateur de risque qui mesure la proximité d'un fonds avec la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'éligibilité des actions en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées,...), car ces entreprises sont réputées violer les normes internationales ou causer des dommages inacceptables à la société et/ou à l'environnement.
- Le produit financier doit avoir au moins 90% de sa stratégie d'investissement en titres sous-jacents couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le Prospectus, doit être réduit d'au moins 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra-financiers.
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille inférieure d'au moins 50 % à l'empreinte carbone moyenne pondérée de son univers d'investissement ;


##### 6
- Le produit financier doit atteindre un objectif annuel de décarbonisation d'au moins 7% ;
- Le produit financier doit investir au moins 25% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci- dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'indice exclut au moins 20% des titres de son univers d'investissement (approche de "sélectivité") après l'application de cette stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices Bloomberg MSCI SRI, sont disponibles sur www.bloombergindices.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, l'allocation d'actifs prévue pour ce produit financier, ainsi que toute proportion minimale décrite ci- dessous, sont celles du portefeuille sous-jacent des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
La proportion minimale de ces investissements, ainsi que toute proportion minimale décrite ci-dessous, sont celles du portefeuille sous-jacent d'instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés en permanence pour réaliser la politique d'investissement.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier sera d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 25%.
La proportion restante des investissements peut inclure :

##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.
8
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie de l'UE.
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 7 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 5 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.


##### 9
Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice Bloomberg MSCI 1-3 Year Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
10

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.bloombergindices.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit 
BNP PARIBAS Ƭ CORP BOND SRI PAB 3-5Y	Identifiant de l'entité juridique :
213800H47ZGQHW71BE93

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
objectif environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 30 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Taxonomie.

### Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais
- Un screening négatif appliquant des critères d'exclusion. Ceci s'applique aux émetteurs ayant un profil ESG médiocre et aux émetteurs qui violent systématiquement le Pacte Mondial des Nations Unies.


##### 1
- Une sélection positive utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Environnementale : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

En outre, le gestionnaire d'investissement promeut de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant ses droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice Bloomberg MSCI 3-5 Year Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer la réalisation des caractéristiques environnementales et sociales promues par le produit financier :
- Le pourcentage de l'exposition économique du produit financier conforme à la politique de RBC ;
- Le pourcentage de l'exposition économique du produit financier couvert par l'analyse ESG basée sur une méthodologie externe et/ou propriétaire(s) ESG ;
- Le pourcentage minimum de l'exposition économique du produit financier dans la réduction de l'univers d'investissement en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou de tout autre critère financier supplémentaire ;
- L'empreinte carbone moyenne de l'exposition économique du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement ;
- Le pourcentage de l'exposition économique du produit financier dans les "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables réalisés par le produit financier sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :

##### 2
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :

##### 3
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Afin que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds à gestion passive indicielle.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une erreur de suivi* maximale de 1 %) la performance de l'indice Bloomberg MSCI 3-5 Year Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB (NTR) (Bloomberg : I34794EU Index) (l'indice) en investissant dans des titres de créance émis par des sociétés incluses dans l'indice, en respectant les pondérations de l'indice (réplication complète), ou dans un échantillon de titres de créance émis par des sociétés incluses dans l'indice (réplication optimisée).
En cas d'investissement dans un échantillon de titres de créance, l'écart de suivi du produit peut être plus élevé.
L'indice est composé de titres sélectionnés sur la base de critères environnementaux, sociaux et de gouvernance d'entreprise (ESG) (tels que l'opportunité environnementale, la pollution et les déchets, le capital humain, la gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels.
) et sur la base de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice.
Le type d'approche mis en Úuvre ici est Best-in-universe (type de sélection ESG consistant à privilégier les émetteurs les mieux notés d'un point de vue extra-financier quel que soit leur secteur d'activité, et à accepter des biais sectoriels, car les secteurs jugés globalement plus vertueux seront plus fortement représentés). La stratégie extra-financière de l'Indice peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice. De plus amples informations sur l'indice, sa composition, son calcul, sa méthodologie et les règles de suivi et de rééquilibrage périodiques sont disponibles sur www.bloombergindices.com.
*L'écart de suivi est un indicateur de risque qui mesure la proximité d'un fonds avec la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'éligibilité des actions en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées,...), car ces entreprises sont réputées violer les normes internationales ou causer des dommages inacceptables à la société et/ou à l'environnement.
- Le produit financier doit avoir au moins 90% de sa stratégie d'investissement en titres sous-jacents couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le Prospectus, doit être réduit d'au moins 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra-financiers.
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille inférieure d'au moins 50 % à l'empreinte carbone moyenne pondérée de son univers d'investissement ;


##### 6
- Le produit financier doit atteindre un objectif annuel de décarbonisation d'au moins 7% ;
- Le produit financier doit investir au moins 30% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci- dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'indice exclut au moins 20% des titres de son univers d'investissement (approche de "sélectivité") après l'application de cette stratégie d'investissement.
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices Bloomberg MSCI SRI, sont disponibles sur www.bloombergindices.com.
La répartition des actifs décrit la part des investissements dans des actifs spécifiques.

### Quelle est la répartition des actifs prévue pour ce produit financier ?
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, l'allocation d'actifs prévue pour ce produit financier, ainsi que toute proportion minimale décrite ci- dessous, sont celles du portefeuille sous-jacent des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
La proportion minimale de ces investissements, ainsi que toute proportion minimale décrite ci-dessous, sont celles du portefeuille sous-jacent d'instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés en permanence pour réaliser la politique d'investissement.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier sera d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 30%.
La proportion restante des investissements peut inclure :

##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.
8
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 9 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 6 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.


##### 9
Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice Bloomberg MSCI 3-5 Year Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
10

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.bloombergindices.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit 
BNP PARIBAS EASY Ƭ HIGH YIELD SRI FOSSIL FREE	
Identifiant de l'entité juridique :
213800P652PDIDTYSD10

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
objectif environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 25 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais
- Un screening négatif appliquant des critères d'exclusion. Ceci s'applique aux émetteurs ayant un profil ESG médiocre et aux émetteurs qui violent systématiquement le Pacte Mondial des Nations Unies.


##### 1
- Une sélection positive utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Environnementale : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

En outre, le gestionnaire d'investissement promeut de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant ses droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice Bloomberg MSCI Euro High Yield SRI Sustainable Select Ex Fossil Fuel (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer la réalisation des caractéristiques environnementales et sociales promues par le produit financier :
- Le pourcentage du portefeuille du produit financier conforme aux critères d'exclusion de l'univers éligible de l'indice de référence ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur de l'indice ;
- Le pourcentage minimum de réduction de l'univers du produit financier dû à l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles et/ou tout autre critère financier supplémentaire ;
- Le pourcentage du portefeuille du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables réalisés par le produit financier sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;


##### 2
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique


##### 3
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Afin que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds à gestion passive indicielle.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une erreur de suivi* maximale de 1 %) la performance de l'indice Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel (NTR) (Bloomberg : I35881 Index) (l'indice) en investissant dans des titres de créance émis par des sociétés incluses dans l'indice, en respectant les pondérations de l'indice (réplication complète), ou dans un échantillon de titres de créance émis par des sociétés incluses dans l'indice (réplication optimisée).
En cas d'investissement dans un échantillon de titres de créance, l'écart de suivi du produit peut être plus élevé.
L'indice est composé de titres à haut rendement (spéculatifs) sélectionnés sur la base de critères environnementaux, sociaux et de gouvernance d'entreprise (ESG) (tels que l'opportunité environnementale, la pollution et les déchets, le capital humain, la gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels. ) et sur la base de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice. Le type d'approche mis en Úuvre ici est Best-in-universe (type de sélection ESG consistant à privilégier les émetteurs les mieux notés d'un point de vue extra-financier quel que soit leur secteur d'activité, et à accepter des biais sectoriels, car les secteurs jugés globalement plus vertueux seront plus fortement représentés). La stratégie extra-financière de l'Indice peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice. De plus amples informations sur l'indice, sa composition, son calcul, sa méthodologie et les règles de suivi et de rééquilibrage périodiques sont disponibles sur www.bloombergindices.com.
*L'écart de suivi est un indicateur de risque qui mesure la proximité d'un fonds avec la performance de son indice.
Les éléments de la stratégie d'investissement visant à atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier, telles que décrites ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères de l'univers éligible en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.
- Le produit financier doit avoir au moins 90% de sa stratégie d'investissement sous- jacente à des émetteurs couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le Prospectus, sera réduit d'au moins 20% en raison de l'exclusion d'émetteurs ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra-financiers.
- Le produit financier doit investir au moins 25% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci- dessus " Quels sont les objectifs des investissements durables que le produit financier


##### 6
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.
Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'indice exclut au moins 20% des titres de son univers d'investissement (approche de "sélectivité") après l'application de cette stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices Bloomberg MSCI SRI, sont disponibles sur www.bloombergindices.com.
La répartition des actifs décrit la part des investissements dans des actifs spécifiques.

### Quelle est la répartition des actifs prévue pour ce produit financier ?
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, l'allocation d'actifs prévue pour ce produit financier, ainsi que toute proportion minimale décrite ci- dessous, sont celles du portefeuille sous-jacent des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
La proportion minimale de ces investissements, ainsi que toute proportion minimale décrite ci-dessous, sont celles du portefeuille sous-jacent d'instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés en permanence pour réaliser la politique d'investissement.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier sera d'au moins 48%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 25%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.


##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 8 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 6 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.


##### 9
Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice Bloomberg MSCI Euro High Yield SRI Sustainable Select Ex Fossil Fuel (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
10

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.bloombergindices.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit 
BNP PARIBAS EASY ECPI CIRCULAR ECONOMY LEADERS	Identifiant de l'entité juridique :
213800SYH51E7L1MSV45

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
objectif environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 45 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais
- Un screening positif utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :


##### 1
- Environnementale : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.
- Un screening négatif appliquant des critères d'exclusion. Celle-ci est appliquée à l'égard des émetteurs présentant un profil ESG médiocre et des émetteurs qui violent systématiquement le Pacte mondial des Nations unies.

En outre, le gestionnaire d'investissement favorise de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice ECPI Circular Economy Leaders Equity (NR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer la réalisation des caractéristiques environnementales et sociales promues par le produit financier :
- Le pourcentage de l'exposition économique du produit financier conforme à la politique de RBC ;
- Le pourcentage de l'exposition économique du produit financier couvert par l'analyse ESG basée sur une méthodologie externe et/ou propriétaire(s) ESG ;
- Le pourcentage minimum de l'exposition économique du produit financier dans la réduction de l'univers d'investissement en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou de tout autre critère financier supplémentaire ;
- Le pourcentage de l'exposition économique du produit financier dans les "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables réalisés par le produit financier sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;


##### 2
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique


##### 3
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de
Le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Afin que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une erreur de suivi* maximale de 1 %) la performance de l'indice ECPI Circular Economy Leaders Equity (NR) (l'indice ) en investissant dans des actions émises par des sociétés incluses dans l'indice, en respectant les pondérations de l'indice (réplication complète), ou dans un échantillon d'actions émises par des sociétés incluses dans l'indice (réplication optimisée).
En cas d'investissement dans un échantillon d'actions, l'écart de suivi du produit peut être plus élevé.
L'indice est composé d'entreprises liées aux opportunités offertes par l'économie circulaire avec des notations environnementales, sociales et de gouvernance d'entreprise (ESG) positives (telles que les approvisionnements circulaires, la prolongation de la durée de vie des produits, le recyclage, le capital humain, la gouvernance d'entreprise, etc.) et basées sur leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles faisant l'objet de violations importantes des principes du Pacte mondial des Nations unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice.
Le type d'approche mis en Úuvre ici est thématique (l'indice est composé d'entreprises qui fournissent des produits et des services apportant des solutions concrètes à des défis environnementaux et/ou sociaux spécifiques, cherchant à bénéficier de la croissance future anticipée dans ces domaines tout en apportant du capital à la transition vers une économie sobre en carbone et inclusive). La stratégie extra- financière de l'Indice peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice. De plus amples informations sur l'indice, sa composition, son calcul et les règles de suivi et de rééquilibrage périodique, ainsi que des informations sur la méthodologie générale commune à tous les indices ECPI, sont disponibles sur le site www.ecpigroup.com.
*L'écart de suivi est un indicateur de risque qui mesure dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'éligibilité des actions en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées,...), car ces entreprises sont réputées violer les normes internationales ou causer des dommages inacceptables à la société et/ou à l'environnement.
- Le produit financier doit avoir au moins 90% de sa stratégie d'investissement en titres sous-jacents couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le Prospectus, doit être réduit d'au moins 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra-financiers.
- L'univers d'investissement du produit financier de la stratégie d'investissement doit suivre les critères thématiques (Approvisionnements circulaires, Récupération des ressources, Extension de la durée de vie des produits, Plateforme de partage, Produit en tant que service).


##### 6
- Le produit financier doit investir au moins 45% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci- dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'indice exclut au moins 20% des titres de son univers d'investissement (approche de "sélectivité") après l'application de cette stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la
Le cadre de notation ESG du benchmark de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur le référentiel, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices ECPI sont disponibles sur www.ecpigroup.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, l'allocation d'actifs prévue pour ce produit financier, ainsi que toute proportion minimale décrite ci- dessous, sont celles du portefeuille sous-jacent des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
La proportion minimale de ces investissements, ainsi que toute proportion minimale décrite ci-dessous, sont celles du portefeuille sous-jacent d'instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés en permanence pour réaliser la politique d'investissement.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier sera d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 45%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 11 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 13 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.


##### 9
Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice ECPI Circular Economy Leaders Equity (NR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
10

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www. ecpigroup .com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit 
BNP PARIBAS EASY ECPI GLOBAL ESG BLUE ECONOMY	Identifiant de l'entité juridique :
213800UYPG6HU9NTW481

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
à un quelconque objectif environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 65 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
ou non sur la

### Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais
- Un screening positif utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de


##### 1
facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :
- Environnementale : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.
- Un screening négatif appliquant des critères d'exclusion. Celle-ci est appliquée à l'égard des émetteurs présentant un profil ESG médiocre et des émetteurs qui violent systématiquement le Pacte mondial des Nations unies.

En outre, le gestionnaire d'investissement favorise de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice ECPI Global ESG Blue Economy (NR) Index a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du benchmark de référence :
- Le pourcentage du portefeuille du produit financier conforme aux critères de référence des actions éligibles en tenant compte des politiques sectorielles et controversées ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- Le pourcentage minimum de réduction de l'univers du produit financier dû à l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles et/ou tout autre critère financier supplémentaire ;
- Le pourcentage du portefeuille du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :

##### 2
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :

##### 3
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas

##### 4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.
.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Pour que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une erreur de suivi* maximale de 1 %) la performance de l'indice ECPI Global ESG Blue Economy (NR) (l'" indice ") en investissant dans les actions émises par les sociétés incluses dans l'indice, en respectant les pondérations de l'indice (réplication complète), ou dans un échantillon d'actions incluses dans l'indice (réplication optimisée). En cas d'investissement dans un échantillon d'actions, l'écart de suivi du Fonds peut être plus élevé.
L'indice est composé de sociétés qui sont les mieux placées pour saisir les opportunités offertes par l'utilisation durable des ressources océaniques (protection des côtes, écotourisme, recyclage, capital humain, gouvernance d'entreprise, etc.), avec une notation environnementale, sociale et de gouvernance (ESG) positive. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles qui sont sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice.
Le type d'approche mis en Úuvre ici est thématique (l'Indice est composé d'entreprises qui fournissent des produits et services apportant des solutions concrètes à des défis environnementaux et/ou sociaux spécifiques, cherchant à bénéficier de la croissance future anticipée dans ces domaines tout en apportant du capital à la transition vers une économie à faible émission de carbone et inclusive). La stratégie extra-financière de l'Indice peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice. De plus amples informations sur l'indice, sa composition, son calcul et les règles de suivi et de rééquilibrage périodique, ainsi que des informations sur la méthodologie générale commune à tous les indices ECPI, sont disponibles sur le site www.ecpigroup.com.
*L'écart de suivi est un indicateur de risque qui mesure dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'éligibilité des actions en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées,...), car ces entreprises sont réputées violer les normes internationales ou causer des dommages inacceptables à la société et/ou à l'environnement.
- Le produit financier doit avoir au moins 90% de sa stratégie d'investissement en titres sous-jacents couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le Prospectus, doit être réduit d'au moins 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra-financiers.
- L'univers d'investissement du produit financier de la stratégie d'investissement doit suivre les critères de diversification thématique (moyens de subsistance côtiers, énergie et ressources, poissons et fruits de mer, réduction de la pollution, routes maritimes).


##### 6
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
- Le produit financier doit investir au moins 65% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR. Les critères permettant de qualifier un investissement d'"investissement durable" sont indiqués dans la question ci-dessus "Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ?" et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'indice exclut au moins 20% des titres de son univers d'investissement (approche de "sélectivité") après l'application de cette stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG du benchmark de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur le référentiel, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices ECPI sont disponibles sur www.ecpigroup.com.
La répartition des actifs décrit la part des investissements dans des actifs spécifiques.

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes en calculant la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 65 %. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible danse rapport annuel. La proportion minimale d'investissements durables du produit financier est de 65 %.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.


##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie de l'UE.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 11 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 17 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 9
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice ECPI Global ESG Blue Economy (NR) Index a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
10

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www. ecpigroup .com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit 
BNP PARIBAS EASY ECPI GLOBAL ESG HYDROGEN ECONOMY	
Identifiant de l'entité juridique :
2138005RK8E82TQ9PH38

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
objectif environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum
d'investissements durables avec un objectif environnemental : 
%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE
Il effectuera un minimum d'investissements durables ayant un objectif social : 
%
Il promeut les caractéristiques
environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 65 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais
- Un screening positif utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de


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facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :
- Environnementale : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.
- Un screening négatif appliquant des critères d'exclusion. Celle-ci est appliquée à l'égard des émetteurs présentant un profil ESG médiocre et des émetteurs qui violent systématiquement le Pacte mondial des Nations unies.

En outre, le gestionnaire d'investissement favorise de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice ECPI Global ESG Hydrogen Economy (NR) Index a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du benchmark de référence :
- Le pourcentage du portefeuille du produit financier conforme aux critères de référence des actions éligibles en tenant compte des politiques sectorielles et controversées ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- Le pourcentage minimum de réduction de l'univers du produit financier dû à l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles et/ou tout autre critère financier supplémentaire ;
- Le pourcentage du portefeuille du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :

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- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :

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Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas

##### 4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.
.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Pour que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds à gestion passive indicielle.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une tracking error* maximale de 1%) la performance de l'indice ECPI Global ESG Hydrogen Economy (NR) (l'" Indice ") en investissant dans les actions émises par les sociétés incluses dans l'Indice, en respectant les pondérations de l'Indice (réplication complète), ou dans un échantillon d'actions incluses dans l'Indice (réplication optimisée), ou en investissant dans un panier de substitution, composé, entre autres, d'actions de sociétés, de titres de créance ou de liquidités (réplication synthétique). En investissant dans un panier de titres dit de substitution, la performance est échangée avec celle de l'indice, générant un risque de contrepartie.
Lorsque l'on investit dans un échantillon d'actions, l'écart de suivi du produit peut être plus élevé.
L'indice est composé des entreprises les plus actives dans l'économie durable de l'hydrogène, sélectionnées sur la base de critères environnementaux, sociaux et de gouvernance d'entreprise (ESG) (tels que les produits à base d'hydrogène, l'énergie propre, le recyclage, le capital humain, la gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels. ) et sur la base de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles qui sont sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice. Le type d'approche mis en Úuvre ici est thématique (l'indice est composé d'entreprises qui fournissent des produits et des services apportant des solutions concrètes à des défis environnementaux et/ou sociaux spécifiques, cherchant à bénéficier de la croissance future anticipée dans ces domaines tout en apportant du capital à la transition vers une économie sobre en carbone et inclusive). La stratégie extra-financière de l'Indice peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices ECPI, sont disponibles sur le site www.ecpigroup.com.
*L'écart de suivi est un indicateur de risque qui mesure la proximité d'un fonds avec la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'éligibilité des actions en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées,...), car ces entreprises sont réputées violer les normes internationales ou causer des dommages inacceptables à la société et/ou à l'environnement.
- Le produit financier doit avoir au moins 90% de sa stratégie d'investissement en titres sous-jacents couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le Prospectus, doit être réduit d'au moins 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra-financiers.


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- L'univers d'investissement du produit financier de la stratégie d'investissement doit suivre les critères de diversification thématique (produits hydrogène, énergie propre).
- Le produit financier doit investir au moins 65% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'"investissement durable" sont indiqués dans la question ci-dessus "Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ?" et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'indice exclut au moins 20% des titres de son univers d'investissement (approche de "sélectivité") après l'application de cette stratégie d'investissement.
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG du benchmark de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur le référentiel, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices ECPI sont disponibles sur www.ecpigroup.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes en calculant la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 65 %. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible danse rapport annuel. La proportion minimale d'investissements durables du produit financier est de 65%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
La mesure dans laquelle les investissements durables ayant un objectif environnemental sont alignés sur la Taxonomie de l'UE et qui contribuent aux objectifs environnementaux atténuation du changement climatique, adaptation au changement climatique, utilisation durable et protection des ressources en eau et des ressources marines, transition vers une économie circulaire, prévention et contrôle de la pollution et/ou protection et restauration de la biodiversité et des écosystèmes sont divulgués dans les deux graphiques ci-dessous.
Le gestionnaire d'investissement améliore sa collecte de données d'alignement sur la Taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité dans la Taxonomie. D'autres mises à jour ultérieures du prospectus et des engagements d'alignement sur la Taxonomie seront effectuées en conséquence.

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Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les activités économiques qui ne sont pas reconnues par le règlement relatif à la taxonomie ne sont pas nécessairement nuisibles à l'environnement ou non durables. En outre, toutes les activités qui peuvent apporter une contribution substantielle aux objectifs environnementaux et sociaux ne font pas encore partie du règlement sur la taxonomie.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie de l'UE.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
La part minimale des investissements dans les activités transitoires et habilitantes au sens du règlement sur la taxonomie est de 0% dans les activités transitoires et de 0% dans les activités habilitantes.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 11%.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 13 %.
9

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice ECPI Global ESG Hydrogen Economy (NR) Index a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.
10

#### Comment	l'alignement	de	la	stratégie	d'investissement	sur	la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www. ecpigroup .com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit 
BNP PARIBAS EASY ECPI GLOBAL ESG INFRASTRUCTURE	
Identifiant de l'entité juridique :
213800IZTDERMHH1QQ66

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
objectif environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum
d'investissements durables avec un objectif environnemental : 
%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE
Il effectuera un minimum d'investissements durables ayant un objectif social : 
%
Il promeut les caractéristiques
environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 45 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Taxonomie.

### Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais
- Un screening positif utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de


##### 1
facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :
- Environnementale : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.
- Un screening négatif appliquant des critères d'exclusion. Celle-ci est appliquée à l'égard des émetteurs présentant un profil ESG médiocre et des émetteurs qui violent systématiquement le Pacte mondial des Nations unies.

En outre, le gestionnaire d'investissement favorise de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice ECPI Global ESG Infrastructure Equity a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du benchmark de référence :
- Le pourcentage du portefeuille du produit financier conforme aux critères de référence des actions éligibles en tenant compte des politiques sectorielles et controversées ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- Le pourcentage minimum de réduction de l'univers du produit financier dû à l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles et/ou tout autre critère financier supplémentaire ;
- Le pourcentage du portefeuille du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :

##### 2
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :

##### 3
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas

##### 4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.
.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Pour que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une erreur de suivi* maximale de 1 %) la performance de l'indice ECPI Global ESG Infrastructure Equity (NR) (l'Indice) en investissant dans les actions émises par les sociétés incluses dans l'Indice, en respectant les pondérations de l'Indice (réplication complète).
L'Indice est composé d'entreprises les mieux placées pour saisir les opportunités offertes par la demande croissante de développement et de maintenance d'infrastructures durables (transports, services sociaux, eau, gestion des déchets, capital humain, gouvernance d'entreprise, etc.), avec une notation environnementale, sociale et de gouvernance (ESG) positive. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice.
Le type d'approche mis en Úuvre ici est thématique (l'indice est composé d'entreprises qui fournissent des produits et des services apportant des solutions concrètes à des défis environnementaux et/ou sociaux spécifiques, cherchant à bénéficier de la croissance future anticipée dans ces domaines tout en apportant du capital à la transition vers une économie sobre en carbone et inclusive). La stratégie extra- financière de l'Indice peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice. De plus amples informations sur l'indice, sa composition, son calcul et les règles de suivi et de rééquilibrage périodique, ainsi que des informations sur la méthodologie générale commune à tous les indices ECPI, sont disponibles sur le site www.ecpigroup.com.
*L'écart de suivi est un indicateur de risque qui mesure dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'éligibilité des actions en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées,...), car ces entreprises sont réputées violer les normes internationales ou causer des dommages inacceptables à la société et/ou à l'environnement.
- Le produit financier doit avoir au moins 90% de sa stratégie d'investissement en titres sous-jacents couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le Prospectus, doit être réduit d'au moins 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra-financiers.
- L'univers d'investissement du produit financier de la stratégie d'investissement doit suivre les critères de diversification thématique (communication, énergie, transport, gestion des déchets, eau et infrastructures sociales).
- Le produit financier doit investir au moins 45% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci-


##### 6
dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.
Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
L'indice exclut au moins 20% des titres de son univers d'investissement (approche de "sélectivité") après l'application de cette stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG du benchmark de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur le référentiel, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices ECPI sont disponibles sur www.ecpigroup.com.
La répartition des actifs décrit la part des investissements dans des actifs spécifiques.

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes en calculant la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50 %. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible danse rapport annuel. La proportion minimale d'investissements durables du produit financier est de 45%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :

##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie de l'UE.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
La part minimale des investissements dans les activités transitoires et habilitantes au sens du règlement sur la taxonomie est de 0% dans les activités transitoires et de 0% dans les activités habilitantes.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 12%.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 10 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 9
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice ECPI Global ESG Infrastructure Equity a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
10

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www. ecpigroup .com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les entreprises

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit 
BNP PARIBAS EASY ECPI GLOBAL ESG MED TECH	
Identifiant de l'entité juridique :
213800L6P8XA39LXTE41

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 30 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais :
- Un screening positif utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de


##### 1
facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :
- Environnementale : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.
- Un screening négatif appliquant des critères d'exclusion. Celle-ci est appliquée à l'égard des émetteurs présentant un profil ESG médiocre et des émetteurs qui violent systématiquement le Pacte mondial des Nations unies.

En outre, le gestionnaire d'investissement favorise de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice ECPI Global ESG Medical Tech Index a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du benchmark de référence :
- Le pourcentage du portefeuille du produit financier conforme aux critères de référence des actions éligibles en tenant compte des politiques sectorielles et controversées ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- Le pourcentage minimum de réduction de l'univers du produit financier dû à l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles et/ou tout autre critère financier supplémentaire ;
- Le pourcentage du portefeuille du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :

##### 2
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :

##### 3
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas

##### 4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.
.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Pour que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une tracking error* maximale de 1%) la performance de l'indice ECPI Global ESG Medical Tech (NR) (l'Indice) en investissant dans les actions émises par les sociétés incluses dans l'Indice, en respectant les pondérations de l'Indice (réplication complète), ou dans un échantillon de titres inclus dans l'Indice (réplication optimisée), ou en investissant dans un panier de substitution, composé, entre autres, d'actions de sociétés, de titres de créance ou de liquidités (réplication synthétique). Lors de l'investissement dans un panier de valeurs appelé panier de substitution, la performance est échangée avec la performance de l'indice, générant un risque de contrepartie.
Lorsque l'on investit dans un échantillon d'actions, l'écart de suivi du produit peut être plus élevé.
L'indice est composé des sociétés les plus actives dans le secteur des technologies médicales durables, sélectionnées sur la base de critères environnementaux, sociaux et de gouvernance d'entreprise (ESG) (tels que la biotechnologie, les outils des sciences de la vie, le recyclage, le capital humain, la gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles qui sont sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles qui sont impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice. Le type d'approche mis en Úuvre ici est thématique (l'indice est composé d'entreprises qui fournissent des produits et des services apportant des solutions concrètes à des défis environnementaux et/ou sociaux spécifiques, cherchant à bénéficier de la croissance future anticipée dans ces domaines tout en apportant du capital à la transition vers une économie sobre en carbone et inclusive). La stratégie extra-financière de l'Indice peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice. De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices ECPI, sont disponibles sur www.ecpigroup.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'éligibilité des actions en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées,...), car ces entreprises sont réputées violer les normes internationales ou causer des dommages inacceptables à la société et/ou à l'environnement. )
- Le produit financier doit avoir au moins 90 % des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indices.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le prospectus, doit être réduit d'au moins 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra-financiers.


##### 6
- L'univers d'investissement du produit financier de la stratégie d'investissement doit suivre les critères thématiques (biotechnologie, outils et services des sciences de la vie, équipements et fournisseurs de soins de santé, technologie des soins de santé).
- Le produit financier doit investir au moins 30% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'"investissement durable" sont indiqués dans la question ci-dessus "Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ?" et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
L'indice exclut au moins 20% des titres de son univers d'investissement (approche de "sélectivité") après l'application de cette stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG du benchmark de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur le référentiel, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices ECPI sont disponibles sur www.ecpigroup.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes en calculant la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50 %. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible danse rapport annuel. La proportion minimale d'investissements durables du produit financier est de 30%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 2%.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 14 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.


##### 9
Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice ECPI Global ESG Medical Tech Index a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
10

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www. ecpigroup .com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit BNP PARIBAS EASY ESG DIVIDEND EUROPE	
Identifiant de l'entité juridique :
21380079LTAMFHP5ZR65

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 35 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier promeut des caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport à des critères environnementaux, sociaux et de gouvernance (ESG) en utilisant une ou plusieurs méthodologies ESG externes et/ou internes propriétaires. Ainsi, le produit est exposé à des émetteurs qui font preuve de pratiques environnementales et sociales supérieures ou en voie d'amélioration, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais
- Un screening positif utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de


##### 1
facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :
- Environnemental : efficacité énergétique, réduction des émissions de gaz à effet de serre, traitement des déchets ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.
- Une sélection négative appliquant des critères d'exclusion à l'égard des émetteurs qui violent les normes et conventions internationales, telles que les principes du Pacte mondial des Nations unies et les principes directeurs de l'OCDE à l'intention des entreprises multinationales, ou qui opèrent dans des secteurs sensibles tels que définis par la politique de conduite responsable des affaires (RBC).

En outre, le gestionnaire d'investissement promeut de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote, conformément à la politique de gérance, le cas échéant.
Dans la réplication synthétique, l'engagement avec les émetteurs et l'exercice des droits de vote, le cas échéant, ne sont appliqués que pour les titres sous-jacents du panier de substitution.
L'indice BNP Paribas High Dividend Europe ESG a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer la réalisation des caractéristiques environnementales et sociales promues par le produit financier :
- Le pourcentage de l'exposition économique du produit financier conforme à la politique de RBC ;
- Le pourcentage de l'exposition économique du produit financier couvert par l'analyse ESG basée sur une méthodologie externe et/ou propriétaire(s) ESG ;
- Le pourcentage minimum de l'exposition économique du produit financier dans la réduction de l'univers d'investissement en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou de tout autre critère financier supplémentaire ;
- Le score ESG moyen pondéré de l'exposition économique du produit financier par rapport au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus;
- L'empreinte carbone moyenne de l'exposition économique du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement ;
- Le pourcentage de l'exposition économique du produit financier dans les "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, les investissements durables auxquels le produit financier est exposé et décrits ci-dessous sont

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ceux des titres sous-jacents des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que tout au long de son processus d'investissement, le produit financier prend en compte les principaux indicateurs d'impact négatif qui sont pertinents pour sa stratégie d'investissement afin de sélectionner les

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investissements durables que le produit financier a partiellement l'intention de réaliser en mettant systématiquement en Úuvre les piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGD) de BNP Paribas Asset Management dans son processus d'investissement : La politique RBC, les directives d'intégration ESG, la gestion responsable, la vision prospective - les " 3E " (transition énergétique, durabilité environnementale, égalité et croissance inclusive).
La politique RBC établit un cadre commun à l'ensemble des investissements et des activités économiques qui permet d'identifier les industries et les comportements présentant un risque élevé d'impacts négatifs en violation des normes internationales. Dans le cadre de la politique RBC, les politiques sectorielles fournissent une approche adaptée pour identifier et hiérarchiser les principaux impacts négatifs en fonction de la nature de l'activité économique et, dans de nombreux cas, de la géographie dans laquelle ces activités économiques ont lieu.
Les directives d'intégration ESG comprennent une série d'engagements, qui sont importants pour la prise en compte des principaux impacts négatifs sur le développement durable, et guident le processus interne d'intégration ESG. Le cadre exclusif de notation ESG comprend une évaluation d'un certain nombre d'impacts négatifs sur le développement durable causés par les entreprises dans lesquelles nous investissons. Les résultats de cette évaluation peuvent avoir un impact sur les modèles d'évaluation ainsi que sur la construction du portefeuille en fonction de la gravité et de l'importance des impacts négatifs identifiés.
Ainsi, le gestionnaire d'investissement tient compte des principaux impacts négatifs sur le développement durable tout au long du processus d'investissement en utilisant les scores ESG internes et en construisant le portefeuille avec un profil ESG amélioré par rapport à son univers d'investissement.
La perspective prospective définit un ensemble d'objectifs et d'indicateurs de performance développés pour mesurer la façon dont les recherches, les portefeuilles et les engagements sont alignés sur trois questions, les "3E" (transition énergétique, durabilité environnementale, égalité et croissance inclusive) et ainsi soutenir les processus d'investissement.
En outre, l'équipe Stewardship identifie régulièrement les impacts négatifs grâce à des recherches continues, une collaboration avec d'autres investisseurs à long terme et un dialogue avec des ONG et d'autres experts.
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)


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Indicateurs volontaires d'entreprise :
Environnement
4. Investissements dans des entreprises sans initiatives de réduction des émissions de carbone
Social
4. Absence d'un code de conduite des fournisseurs
9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
L'univers d'investissement de la stratégie d'investissement en produits financiers est périodiquement passé au crible afin d'identifier les émetteurs qui sont potentiellement en violation ou en risque de violation des principes du Pacte Mondial des Nations Unies, des Principes directeurs de l'OCDE à l'intention des entreprises multinationales et des Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme.
Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
Si un émetteur s'avère être en violation grave et répétée de l'un des principes, il sera placé sur une "liste d'exclusion" et ne pourra pas être investi. Les investissements existants doivent être retirés du portefeuille selon une procédure interne. Si un émetteur risque de violer l'un des principes, il est placé sur une "liste de surveillance" contrôlée, le cas échéant.
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La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Oui, le produit prend en compte les principaux impacts négatifs sur les facteurs de durabilité en appliquant systématiquement les piliers de l'investissement durable définis dans l'ESG dans son processus d'investissement. Ces piliers sont couverts par des politiques à l'échelle de l'entreprise qui définissent les critères permettant d'identifier, de prendre en compte et de hiérarchiser ainsi que de traiter ou d'atténuer les impacts négatifs sur le développement durable causés par les émetteurs.
La politique RBC établit un cadre commun à l'ensemble des investissements et des activités économiques qui permet d'identifier les industries et les comportements présentant un risque élevé d'impacts négatifs en violation des normes internationales. Dans le cadre de la politique RBC, les politiques sectorielles fournissent une approche adaptée pour identifier et hiérarchiser les principaux impacts négatifs en fonction de la nature de l'activité économique et, dans de nombreux cas, de la géographie dans laquelle ces activités économiques ont lieu.
Les directives d'intégration ESG comprennent une série d'engagements, qui sont importants pour la prise en compte des principaux impacts négatifs sur le développement durable, et guident le processus interne d'intégration ESG. Le cadre exclusif de notation ESG comprend une évaluation d'un certain nombre d'impacts négatifs sur le développement durable causés par les entreprises dans lesquelles nous investissons. Les résultats de cette évaluation peuvent avoir un impact sur les modèles d'évaluation ainsi que sur la construction du portefeuille en fonction de la gravité et de l'importance des impacts négatifs identifiés.
Ainsi, le gestionnaire d'investissement prend en compte les principaux impacts négatifs sur le développement durable tout au long du processus d'investissement par l'utilisation des scores internes ESG et la construction du portefeuille avec un profil ESG amélioré par rapport à son univers d'investissement.
La perspective prospective définit un ensemble d'objectifs et d'indicateurs de performance développés pour mesurer la façon dont les recherches, les portefeuilles et les engagements sont alignés sur trois questions, les "3E" (transition énergétique, durabilité environnementale, égalité et croissance inclusive) et soutiennent ainsi tous les processus d'investissement.
En outre, l'équipe Stewardship identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts.
Les mesures prises pour traiter ou atténuer les principaux impacts négatifs sur le développement durable dépendent de la gravité et de l'importance de ces impacts. Ces actions sont guidées par la Politique RBC, la Politique d'intégration ESG, la Politique d'engagement et de vote et comprennent les éléments suivants :
Exclusion des émetteurs qui violent les normes et conventions internationales et des émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;

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Engagement avec les émetteurs dans le but de les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels ;
En cas de détention d'actions, vote aux assemblées générales annuelles des sociétés dans lesquelles le portefeuille est investi afin de promouvoir la bonne gouvernance et de faire progresser les questions environnementales et sociales.
S'assurer que tous les titres inclus dans le portefeuille bénéficient d'une recherche ESG favorable.
Gérer les portefeuilles de manière à ce que leur profil ESG soit meilleur que celui du benchmark ou de l'univers pertinent.
Dans la réplication synthétique, l'engagement auprès des émetteurs et l'exercice des droits de vote, le cas échéant, ne sont appliqués que pour les titres sous-jacents du panier de substitution.
Sur la base de l'approche ci-dessus, et en fonction de la composition du portefeuille du produit financier (c'est-à-dire du type d'émetteur),le produit financier prend en compte et traite ou atténue les principaux impacts négatifs suivants en matière de durabilité :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergies non renouvelables
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations Unies et des Principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carbone Social4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des gaz à effet de serre
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information


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de BNPP AM SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit a pour objectif de répliquer (avec une tracking error* maximale de 1%) la performance de l'indice BNP Paribas High Dividend Europe ESG (NTR) (indice Bloomberg : BNPIFEDE) (l'Indice) en investissant dans des actions émises par des sociétés incluses dans l'Indice, en respectant les pondérations de l'Indice (réplication complète), ou dans un panier de substitution, composé, entre autres, d'actions de sociétés, de titres de créance ou de liquidités (réplication synthétique).
Lors de l'investissement dans un panier de titres dit de substitution, la performance est échangée avec celle de l'Indice, générant un risque de contrepartie.
L'indice est composé d'actions d'entreprises européennes sélectionnées sur la base de critères de dividendes en tenant compte de caractéristiques environnementales, sociales et de gouvernance (ESG) (réduction des émissions de carbone, capital humain, gouvernance d'entreprise, etc.) Ainsi, sont exclues de l'indice les entreprises impliquées dans des activités contestables, faisant l'objet de violations significatives des principes du Pacte Mondial des Nations Unies ou ayant été impliquées dans de graves controverses liées à l'ESG. Le type d'approche mis en Úuvre ici est Best-in-class (l'approche Best-in- class identifie les leaders de chaque secteur sur la base des meilleures pratiques environnementales, sociales et de gouvernance (ESG), tout en évitant ceux qui présentent des niveaux de risque élevés et ne respectent pas les normes ESG minimales). La stratégie extra-financière de l'Indice, réalisée à chaque étape du processus d'investissement, peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices BNP Paribas sont disponibles sur https://indx.bnpparibas.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- La stratégie d'investissement en produits financiers doit se conformer à la Politique RBC en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


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De plus amples informations sur la Politique RBC, et en particulier sur les critères relatifs aux exclusions sectorielles, sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).
- La stratégie d'investissement du produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie ESG propriétaire et/ou externe.
- L'univers d'investissement de la stratégie d'investissement du produit financier doit être réduit d'au moins 20 % en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou d'autres critères extra-financiers.
- Le produit financier doit avoir un score ESG moyen pondéré de son portefeuille de stratégie d'investissement supérieur au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus.
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille de stratégie d'investissement inférieure à l'empreinte carbone moyenne pondérée de son univers d'investissement.

Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
- La stratégie d'investissement du produit financier doit investir au moins 35% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci-dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'univers d'investissement d'exposition économique du produit financier est réduit d'un minimum de 20 % en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles conformément à la politique de RBC et/ou d'autres critères extra-financiers.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de BNPP AM évalue la gouvernance d'entreprise par le biais d'un ensemble de base d'indicateurs clés de performance standard pour tous les secteurs, complété par des mesures spécifiques au secteur.
Les métriques et indicateurs de gouvernance permettant d'évaluer les bonnes pratiques de gouvernance telles que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale comprennent, sans s'y limiter, les éléments suivants :
- Séparation des pouvoirs (par exemple, séparation PDG/président),
- Diversité du conseil d'administration,
- La rémunération des dirigeants (politique de rémunération),
- Indépendance du conseil d'administration et indépendance des principaux comités
- Responsabilité des administrateurs,
- Expertise financière du comité d'audit,
- Respect des droits des actionnaires et absence de dispositifs anti-OPA


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- Présence de politiques appropriées (c.-à-d. pots-de-vin et corruption, dénonciation),
- La divulgation des impôts,
- Une évaluation des incidents négatifs antérieurs liés à la gouvernance.

L'analyse ESG va au-delà du cadre pour examiner une évaluation plus qualitative de la façon dont les idées de notre modèle ESG se reflètent dans la culture et les opérations des entreprises bénéficiaires d'investissements. Dans certains cas, les analystes ESG mèneront des réunions de diligence raisonnable afin de mieux comprendre l'approche de l'entreprise en matière de gouvernance.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, l'allocation d'actifs prévue pour ce produit financier, ainsi que toute proportion minimale décrite ci- dessous, sont celles du portefeuille sous-jacent des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes en calculant la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50 %. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 35%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.

10
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Dans le cadre de la réplication synthétique, des instruments financiers dérivés tels que les Total Return Swaps (TRS) sont utilisés de manière continue pour réaliser la politique d'investissement qui promeut des caractéristiques environnementales ou sociales tout en garantissant que les titres physiquement détenus par le produit financier (le "panier de substitution"), dont la performance est comparée à celle de la stratégie d'investissement, respectent des garanties extra-financières minimales.
La réplication synthétique est un cadre dans lequel la contrepartie du SRT couvre sa position et apporte ainsi de la liquidité à tout ou partie des sous-jacents ESG.
Les instruments financiers dérivés peuvent également être utilisés à des fins de gestion efficace du portefeuille et de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.
11
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie de l'UE.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 5 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 14 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.


##### 12
Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice BNP Paribas High Dividen Europe ESG Index a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
13

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : https://indx.bnpparibas.com/nr/FEDETR.pdf.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 14
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit 
BNP PARIBAS EASY ESG EUROZONE BIODIVERSITY LEADERS PAB	
Identifiant de l'entité juridique :
213800FJMY39FZAAEN76

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 45 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais
- Un screening négatif appliquant des critères d'exclusion. Ceci s'applique aux émetteurs ayant un profil ESG médiocre et aux émetteurs qui violent systématiquement le Pacte Mondial des Nations Unies.


##### 1
- Une sélection positive utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Environnementale : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

En outre, le gestionnaire d'investissement favorise de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant ses droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice Euronext ESG Eurozone Biodiversity Leaders PAB (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier..

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du benchmark de référence :
- Le pourcentage du portefeuille du produit financier conforme aux critères de référence des actions éligibles en tenant compte des politiques sectorielles et controversées ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- Le pourcentage minimum de réduction de l'univers du produit financier dû à l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles et/ou tout autre critère financier supplémentaire ;
- L'empreinte carbone moyenne du portefeuille du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement tel que défini dans le Prospectus ;
- Le pourcentage du portefeuille du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables réalisés par le produit financier sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :

##### 2
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie Globale de Développement Durable (SGDD) de BNP Paribas Asset Management : Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :

##### 3
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Afin que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec un écart de suivi* maximum de 1%) la performance de l'indice Euronext ESG Eurozone Biodiversity Leaders PAB (NTR) (indice Bloomberg : BIOLPAB) (" l'Indice ") en investissant dans des actions émises par des sociétés incluses dans l'Indice, en respectant les pondérations de l'Indice (réplication complète), ou dans un échantillon d'actions émises par des sociétés incluses dans l'Indice (réplication optimisée).
En cas d'investissement dans un échantillon d'actions, l'écart de suivi du produit peut être plus élevé.
L'indice est composé d'actions émises par des sociétés de grande et moyenne capitalisation de la zone euro, sélectionnées en fonction de leur impact sur la biodiversité (score de biodiversité - basé sur l'Iceberg Data Lab "Biodiversity footprint rating"), sur la base de critères environnementaux, sociaux et de gouvernance d'entreprise (ESG) (tels que l'opportunité environnementale, la pollution et les déchets, le capital humain, la gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels. Il met en Úuvre un plafond qui limite à 10 % le poids maximal d'une entreprise au sein de l'indice à chaque date de rééquilibrage. En outre, l'indice vise à respecter les objectifs du Paris Aligned Benchmark (PAB), à savoir réduire l'intensité de carbone d'au moins 50 % par rapport à l'univers d'investissement initial et atteindre un objectif de décarbonisation supplémentaire de 7 % chaque année. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice. Le type d'approche mis en Úuvre ici est Best-in-class (l'approche Best-in-class identifie les leaders de chaque secteur sur la base des meilleures pratiques ESG, tout en évitant ceux qui présentent des niveaux de risque élevés et ne respectent pas les normes ESG minimales selon l'administrateur de l'indice et ses partenaires spécialisés). La stratégie extra- financière de l'Indice, réalisée à chaque étape du processus d'investissement, peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice. De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale sont disponibles sur www.euronext.com.
*L'écart de suivi est un indicateur de risque qui mesure la proximité d'un fonds avec la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'éligibilité des actions en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées,...), car ces entreprises sont réputées violer les normes internationales ou causer des dommages inacceptables à la société et/ou à l'environnement.
- Le produit financier doit avoir au moins 90% de sa stratégie d'investissement en titres sous-jacents couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le Prospectus, doit être réduit d'au moins 20% en raison de l'exclusion de


##### 6
titres ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra-financiers.
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille inférieure d'au moins 50% à l'empreinte carbone moyenne pondérée de son univers d'investissement.
- Le produit financier doit atteindre un objectif annuel de décarbonisation d'au moins 7%.
- Le produit financier doit investir au moins 45% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci- dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'indice exclut au moins 20% des titres de son univers d'investissement (approche de "sélectivité") après l'application de cette stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG du référentiel évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices Euronext sont disponibles sur www.euronext.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, l'allocation d'actifs prévue pour ce produit financier, ainsi que toute proportion minimale décrite ci- dessous, sont celles du portefeuille sous-jacent des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
La proportion minimale de ces investissements, ainsi que toute proportion minimale décrite ci-dessous, sont celles du portefeuille sous-jacent d'instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés en permanence pour réaliser la politique d'investissement.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier sera d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera

##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.

disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 45%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.
8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 10 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 14 %.
9

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice Euronext ESG Eurozone Biodiversity Leaders PAB (NTR) Index a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.
10

#### Comment	l'alignement	de	la	stratégie	d'investissement	sur	la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.euronext.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit BNP PARIBAS EASY ESG GROWTH EUROPE	
Identifiant de l'entité juridique :
2138007UCTC3TWGFG972

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 40 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais
- Un screening positif utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de


##### 1
facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :
- Environnementale : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.
- Un screening négatif appliquant des critères d'exclusion. Celle-ci est appliquée à l'égard des émetteurs présentant un profil ESG médiocre et des émetteurs qui violent systématiquement le Pacte mondial des Nations unies.

En outre, le gestionnaire d'investissement favorise de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote, conformément à la politique de gérance, le cas échéant.
Dans la réplication synthétique, l'engagement avec les émetteurs et l'exercice des droits de vote, le cas échéant, ne sont appliqués que pour les titres sous-jacents du panier de substitution.
L'indice BNP Paribas Growth Europe ESG a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.
.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer la réalisation des caractéristiques environnementales et sociales promues par le produit financier :
- Le pourcentage de l'exposition économique du produit financier conforme à la politique de RBC ;
- Le pourcentage de l'exposition économique du produit financier couvert par l'analyse ESG basée sur une méthodologie externe et/ou propriétaire(s) ESG ;
- Le pourcentage minimum de l'exposition économique du produit financier dans la réduction de l'univers d'investissement en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou de tout autre critère financier supplémentaire ;
- Le score ESG moyen pondéré de l'exposition économique du produit financier par rapport au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus ;
- L'empreinte carbone moyenne de l'exposition économique du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement ;
- Le pourcentage de l'exposition économique du produit financier dans les "investissements durables" tels que définis à l'article 2 (17) du RGPD.

2

#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, les investissements durables auxquels le produit financier est exposé et décrits ci-dessous sont ceux des titres sous-jacents des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas

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investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que tout au long de son processus d'investissement, le produit financier prend en compte les principaux indicateurs d'impact négatif qui sont pertinents pour sa stratégie d'investissement afin de sélectionner les investissements durables que le produit financier a partiellement l'intention de réaliser en mettant systématiquement en Úuvre les piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGD) de BNP Paribas Asset Management dans son processus d'investissement : La politique RBC, les directives d'intégration ESG, la gestion responsable, la vision prospective - les " 3E " (transition énergétique, durabilité environnementale, égalité et croissance inclusive).
La politique RBC établit un cadre commun à l'ensemble des investissements et des activités économiques qui permet d'identifier les industries et les comportements présentant un risque élevé d'impacts négatifs en violation des normes internationales. Dans le cadre de la politique RBC, les politiques sectorielles fournissent une approche adaptée pour identifier et hiérarchiser les principaux impacts négatifs en fonction de la nature de l'activité économique et, dans de nombreux cas, de la géographie dans laquelle ces activités économiques ont lieu.
Les directives d'intégration ESG comprennent une série d'engagements, qui sont importants pour la prise en compte des principaux impacts négatifs sur le développement durable, et guident le processus interne d'intégration ESG. Le cadre exclusif de notation ESG comprend une évaluation d'un certain nombre d'impacts négatifs sur le développement durable causés par les entreprises dans lesquelles nous investissons. Les résultats de cette évaluation peuvent avoir un impact sur les modèles d'évaluation ainsi que sur la construction du portefeuille en fonction de la gravité et de l'importance des impacts négatifs identifiés.
Ainsi, le gestionnaire d'investissement tient compte des principaux impacts négatifs sur le développement durable tout au long du processus d'investissement en utilisant les scores ESG internes et en construisant le portefeuille avec un profil ESG amélioré par rapport à son univers d'investissement.
La perspective prospective définit un ensemble d'objectifs et d'indicateurs de performance développés pour mesurer la façon dont les recherches, les portefeuilles et les engagements sont alignés sur trois questions, les "3E" (transition énergétique, durabilité environnementale, égalité et croissance inclusive) et ainsi soutenir les processus d'investissement.
En outre, l'équipe Stewardship identifie régulièrement les impacts négatifs grâce à des recherches continues, une collaboration avec d'autres investisseurs à long terme et un dialogue avec des ONG et d'autres experts.
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux


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- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
L'univers d'investissement de la stratégie d'investissement en produits financiers est périodiquement passé au crible afin d'identifier les émetteurs qui sont potentiellement en violation ou en risque de violation des principes du Pacte Mondial des Nations Unies, des Principes directeurs de l'OCDE à l'intention des entreprises multinationales et des Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme.
Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
Si un émetteur s'avère être en violation grave et répétée de l'un des principes, il sera placé sur une "liste d'exclusion" et ne pourra pas être investi. Les investissements existants doivent être retirés du portefeuille selon une procédure interne. Si un émetteur risque de violer l'un des principes, il est placé sur une "liste de surveillance" contrôlée, le cas échéant..
5
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte les principaux impacts négatifs sur les facteurs de durabilité en appliquant systématiquement les piliers de l'investissement durable définis dans l'ESG dans son processus d'investissement. Ces piliers sont couverts par des politiques à l'échelle de l'entreprise qui définissent les critères permettant d'identifier, de prendre en compte et de hiérarchiser ainsi que de traiter ou d'atténuer les impacts négatifs sur le développement durable causés par les émetteurs.
La politique RBC établit un cadre commun à l'ensemble des investissements et des activités économiques qui permet d'identifier les industries et les comportements présentant un risque élevé d'impacts négatifs en violation des normes internationales. Dans le cadre de la politique RBC, les politiques sectorielles fournissent une approche adaptée pour identifier et hiérarchiser les principaux impacts négatifs en fonction de la nature de l'activité économique et, dans de nombreux cas, de la géographie dans laquelle ces activités économiques ont lieu.
Les directives d'intégration ESG comprennent une série d'engagements, qui sont importants pour la prise en compte des principaux impacts négatifs sur le développement durable, et guident le processus interne d'intégration ESG. Le cadre exclusif de notation ESG comprend une évaluation d'un certain nombre d'impacts négatifs sur le développement durable causés par les entreprises dans lesquelles nous investissons. Les résultats de cette évaluation peuvent avoir un impact sur les modèles d'évaluation ainsi que sur la construction du portefeuille en fonction de la gravité et de l'importance des impacts négatifs identifiés.
Ainsi, le gestionnaire d'investissement prend en compte les principaux impacts négatifs sur le développement durable tout au long du processus d'investissement par l'utilisation des scores internes ESG et la construction du portefeuille avec un profil ESG amélioré par rapport à son univers d'investissement.
La perspective prospective définit un ensemble d'objectifs et d'indicateurs de performance développés pour mesurer la façon dont les recherches, les portefeuilles et les engagements sont alignés sur trois questions, les "3E" (transition énergétique, durabilité environnementale, égalité et croissance inclusive) et soutiennent ainsi tous les processus d'investissement.
En outre, l'équipe Stewardship identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts.
Les mesures prises pour traiter ou atténuer les principaux impacts négatifs sur le développement durable dépendent de la gravité et de l'importance de ces impacts. Ces actions sont guidées par la Politique RBC, la Politique d'intégration ESG, la Politique d'engagement et de vote et comprennent les éléments suivants :

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- Exclusion des émetteurs qui violent les normes et conventions internationales et des émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Engagement avec les émetteurs dans le but de les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels ;
- En cas de détention d'actions, vote aux assemblées générales annuelles des sociétés dans lesquelles le portefeuille est investi afin de promouvoir la bonne gouvernance et de faire progresser les questions environnementales et sociales.
- S'assurer que tous les titres inclus dans le portefeuille bénéficient d'une recherche ESG favorable.
- Gérer les portefeuilles de manière à ce que leur profil ESG soit meilleur que celui du benchmark ou de l'univers pertinent.

Dans la réplication synthétique, l'engagement auprès des émetteurs et l'exercice des droits de vote, le cas échéant, ne sont appliqués que pour les titres sous-jacents du panier de substitution.
Sur la base de l'approche ci-dessus, et en fonction de la composition du portefeuille du produit financier (c'est-à-dire du type d'émetteur), le produit financier prend en compte et traite ou atténue les principaux impacts négatifs suivants en matière de durabilité :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergies non renouvelables
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations Unies et des Principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carbone Social4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme


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Indicateurs obligatoires du Souverain
- Intensité des gaz à effet de serre
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une tracking error* maximale de 1%) la performance de l'indice BNP Paribas Growth Europe ESG (TR) (l'" Indice ") en investissant dans des actions émises par des sociétés incluses dans l'Indice, en respectant les pondérations de l'Indice (réplication complète) ou dans un panier de substitution, composé, entre autres, d'actions de sociétés, de titres de créance ou de liquidités (réplication synthétique).
Lors d'un investissement dans un panier de titres dit de substitution, la performance est échangée avec la performance de l'Indice, générant un risque de contrepartie.
L'indice est composé d'actions européennes dont les états financiers indiquent une forte croissance sur la base de données fondamentales et d'une méthodologie d'optimisation conçue pour capturer la performance générée par le facteur de croissance, tout en tenant compte d'un scoring environnemental, social et de gouvernance (ESG) et des données relatives à l'empreinte carbone. En conséquence, les entreprises impliquées dans des activités contestables, sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies ou les entreprises qui ont été impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice. Le type d'approche mis en Úuvre ici est Best-in-class (l'approche Best-in-class identifie les leaders de chaque secteur sur la base des meilleures pratiques environnementales, sociales et de gouvernance (ESG) (opportunité environnementale, pollution et déchets, capital humain, gouvernance d'entreprise, etc.) , tout en évitant ceux qui présentent des niveaux de risque élevés et ne respectent pas les normes ESG minimales).
La stratégie extra-financière de l'indice peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'indice.
Des informations complémentaires sur l'indice, sa composition, son calcul et les règles de suivi et de rééquilibrage périodique, ainsi que des informations sur la méthodologie générale commune à tous les indices BNP Paribas, sont disponibles sur https://indx.bnpparibas.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.
8

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- La stratégie d'investissement en produits financiers doit se conformer à la Politique RBC en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.

De plus amples informations sur la Politique RBC, et en particulier sur les critères relatifs aux exclusions sectorielles, sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).
- La stratégie d'investissement du produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie ESG propriétaire et/ou externe.

Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
- L'univers d'investissement de la stratégie d'investissement du produit financier doit être réduit d'au moins 20 % en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou d'autres critères extra-financiers.
- Le produit financier doit avoir un score ESG moyen pondéré de son portefeuille de stratégie d'investissement supérieur au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus.
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille de stratégie d'investissement inférieure à l'empreinte carbone moyenne pondérée de son univers d'investissement.
- La stratégie d'investissement du produit financier doit investir au moins 40% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci-dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'univers d'investissement d'exposition économique du produit financier est réduit d'un minimum de 20 % en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles conformément à la politique de RBC et/ou d'autres critères extra-financiers.
9

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de BNPP AM évalue la gouvernance d'entreprise par le biais d'un ensemble de base d'indicateurs clés de performance standard pour tous les secteurs, complété par des mesures spécifiques au secteur.
Les métriques et indicateurs de gouvernance permettant d'évaluer les bonnes pratiques de gouvernance telles que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale comprennent, sans s'y limiter, les éléments suivants :
- Séparation des pouvoirs (par exemple, séparation PDG/président),
- Diversité du conseil d'administration,
- La rémunération des dirigeants (politique de rémunération),
- Indépendance du conseil d'administration et indépendance des principaux comités
- Responsabilité des administrateurs,
- Expertise financière du comité d'audit,
- Respect des droits des actionnaires et absence de dispositifs anti-OPA
- Présence de politiques appropriées (c.-à-d. pots-de-vin et corruption, dénonciation),
- La divulgation des impôts,
- Une évaluation des incidents négatifs antérieurs liés à la gouvernance.

L'analyse ESG va au-delà du cadre pour examiner une évaluation plus qualitative de la façon dont les idées de notre modèle ESG se reflètent dans la culture et les opérations des entreprises bénéficiaires d'investissements. Dans certains cas, les analystes ESG mèneront des réunions de diligence raisonnable afin de mieux comprendre l'approche de l'entreprise en matière de gouvernance.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, l'allocation d'actifs prévue pour ce produit financier, ainsi que toute proportion minimale décrite ci- dessous, sont celles du portefeuille sous-jacent des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
La proportion minimale de ces investissements, ainsi que toute proportion minimale décrite ci-dessous, sont celles du portefeuille sous-jacent d'instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés en permanence pour réaliser la politique d'investissement.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier sera d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 40%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.


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Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Dans le cadre de la réplication synthétique, des instruments financiers dérivés tels que les Total Return Swaps (TRS) sont utilisés de manière continue pour réaliser la politique d'investissement qui promeut des caractéristiques environnementales ou sociales tout en garantissant que les titres physiquement détenus par le produit financier (le "panier de substitution"), dont la performance est comparée à celle de la stratégie d'investissement, respectent des garanties extra-financières minimales.
La réplication synthétique est un cadre dans lequel la contrepartie du SRT couvre sa position et apporte ainsi de la liquidité à tout ou partie des sous-jacents ESG.
Les instruments financiers dérivés peuvent également être utilisés à des fins de gestion efficace du portefeuille et de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

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Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 8 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 13 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.


##### 12
Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice BNP Paribas Growth Europe ESG Index a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
13

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : https://indx.bnpparibas.com/nr/FGEE.pdf.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 14
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit BNP PARIBAS EASY ESG LOW VOL EUROPE	
Identifiant de l'entité juridique :
2138005KLULNYP5HTJ87

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 45 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais
- Un screening positif utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de


##### 1
facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :
- Environnementale : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.
- Un screening négatif appliquant des critères d'exclusion. Celle-ci est appliquée à l'égard des émetteurs présentant un profil ESG médiocre et des émetteurs qui violent systématiquement le Pacte mondial des Nations unies.

En outre, le gestionnaire d'investissement favorise de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice BNP Paribas Low Vol Europe ESG Index a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer la réalisation des caractéristiques environnementales et sociales promues par le produit financier :
- Le pourcentage de l'exposition économique du produit financier conforme à la politique de RBC ;
- Le pourcentage de l'exposition économique du produit financier couvert par l'analyse ESG basée sur une méthodologie externe et/ou propriétaire(s) ESG ;
- Le pourcentage minimum de l'exposition économique du produit financier dans la réduction de l'univers d'investissement en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou de tout autre critère financier supplémentaire ;
- Le score ESG moyen pondéré de l'exposition économique du produit financier par rapport au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus ;
- L'empreinte carbone moyenne de l'exposition économique du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement ;
- Le pourcentage de l'exposition économique du produit financier dans les "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, les investissements durables auxquels le produit financier est exposé et décrits ci-dessous sont

##### 2
ceux des titres sous-jacents des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que tout au long de son processus d'investissement, le produit financier prend en compte les principaux indicateurs d'impact négatif qui sont pertinents pour sa stratégie d'investissement afin de sélectionner les

##### 3
investissements durables que le produit financier a partiellement l'intention de réaliser en mettant systématiquement en Úuvre les piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGD) de BNP Paribas Asset Management dans son processus d'investissement : La politique RBC, les directives d'intégration ESG, la gestion responsable, la vision prospective - les " 3E " (transition énergétique, durabilité environnementale, égalité et croissance inclusive).
La politique RBC établit un cadre commun à l'ensemble des investissements et des activités économiques qui permet d'identifier les industries et les comportements présentant un risque élevé d'impacts négatifs en violation des normes internationales. Dans le cadre de la politique RBC, les politiques sectorielles fournissent une approche adaptée pour identifier et hiérarchiser les principaux impacts négatifs en fonction de la nature de l'activité économique et, dans de nombreux cas, de la géographie dans laquelle ces activités économiques ont lieu.
Les directives d'intégration ESG comprennent une série d'engagements, qui sont importants pour la prise en compte des principaux impacts négatifs sur le développement durable, et guident le processus interne d'intégration ESG. Le cadre exclusif de notation ESG comprend une évaluation d'un certain nombre d'impacts négatifs sur le développement durable causés par les entreprises dans lesquelles nous investissons. Les résultats de cette évaluation peuvent avoir un impact sur les modèles d'évaluation ainsi que sur la construction du portefeuille en fonction de la gravité et de l'importance des impacts négatifs identifiés.
Ainsi, le gestionnaire d'investissement tient compte des principaux impacts négatifs sur le développement durable tout au long du processus d'investissement en utilisant les scores ESG internes et en construisant le portefeuille avec un profil ESG amélioré par rapport à son univers d'investissement.
La perspective prospective définit un ensemble d'objectifs et d'indicateurs de performance développés pour mesurer la façon dont les recherches, les portefeuilles et les engagements sont alignés sur trois questions, les "3E" (transition énergétique, durabilité environnementale, égalité et croissance inclusive) et ainsi soutenir les processus d'investissement.
En outre, l'équipe Stewardship identifie régulièrement les impacts négatifs grâce à des recherches continues, une collaboration avec d'autres investisseurs à long terme et un dialogue avec des ONG et d'autres experts.
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)


##### 4
Indicateurs volontaires d'entreprise :
Environnement
4. Investissements dans des entreprises sans initiatives de réduction des émissions de carbone
Social
4. Absence d'un code de conduite des fournisseurs
9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
L'univers d'investissement de la stratégie d'investissement en produits financiers est périodiquement passé au crible afin d'identifier les émetteurs qui sont potentiellement en violation ou en risque de violation des principes du Pacte Mondial des Nations Unies, des Principes directeurs de l'OCDE à l'intention des entreprises multinationales et des Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme.
Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.

##### 5
Si un émetteur s'avère être en violation grave et répétée de l'un des principes, il sera placé sur une "liste d'exclusion" et ne pourra pas être investi. Les investissements existants doivent être retirés du portefeuille selon une procédure interne. Si un émetteur risque de violer l'un des principes, il est placé sur une "liste de surveillance" contrôlée, le cas échéant..

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte les principaux impacts négatifs sur les facteurs de durabilité en appliquant systématiquement les piliers de l'investissement durable définis dans l'ESG dans son processus d'investissement. Ces piliers sont couverts par des politiques à l'échelle de l'entreprise qui définissent les critères permettant d'identifier, de prendre en compte et de hiérarchiser les impacts négatifs sur le développement durable causés par les émetteurs, ainsi que de les traiter ou de les atténuer.
La politique RBC établit un cadre commun à l'ensemble des investissements et des activités économiques qui permet d'identifier les industries et les comportements présentant un risque élevé d'impacts négatifs en violation des normes internationales. Dans le cadre de la politique RBC, les politiques sectorielles fournissent une approche adaptée pour identifier et hiérarchiser les principaux impacts négatifs en fonction de la nature de l'activité économique et, dans de nombreux cas, de la géographie dans laquelle ces activités économiques ont lieu.
Les directives d'intégration ESG comprennent une série d'engagements, qui sont importants pour la prise en compte des principaux impacts négatifs sur le développement durable, et guident le processus interne d'intégration ESG. Le cadre exclusif de notation ESG comprend une évaluation d'un certain nombre d'impacts négatifs sur le développement durable causés par les entreprises dans lesquelles nous investissons. Les résultats de cette évaluation peuvent avoir un impact sur les modèles d'évaluation ainsi que sur la construction du portefeuille en fonction de la gravité et de l'importance des impacts négatifs identifiés.
Ainsi, le gestionnaire d'investissement prend en compte les principaux impacts négatifs sur le développement durable tout au long du processus d'investissement par l'utilisation des scores internes ESG et la construction du portefeuille avec un profil ESG amélioré par rapport à son univers d'investissement.
La perspective prospective définit un ensemble d'objectifs et d'indicateurs de performance développés pour mesurer la façon dont les recherches, les portefeuilles et les engagements sont alignés sur trois questions, les "3E" (transition énergétique, durabilité environnementale, égalité et croissance inclusive) et soutiennent ainsi tous les processus d'investissement.
En outre, l'équipe Stewardship identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts.
Les mesures prises pour traiter ou atténuer les principaux impacts négatifs sur le développement durable dépendent de la gravité et de l'importance de ces impacts. Ces actions sont guidées par la Politique RBC, la Politique d'intégration ESG, la Politique d'engagement et de vote et comprennent les éléments suivants :
Exclusion des émetteurs qui violent les normes et conventions internationales et des émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
Engagement avec les émetteurs dans le but de les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels ;
En cas de détention d'actions, vote aux assemblées générales annuelles des sociétés dans lesquelles le portefeuille est investi afin de promouvoir la bonne gouvernance et de faire progresser les questions environnementales et sociales.
S'assurer que tous les titres inclus dans le portefeuille bénéficient d'une recherche ESG favorable.

##### 6
Gérer les portefeuilles de manière à ce que leur profil ESG soit meilleur que celui du benchmark ou de l'univers pertinent.
Dans la réplication synthétique, l'engagement auprès des émetteurs et l'exercice des droits de vote, le cas échéant, ne sont appliqués que pour les titres sous-jacents du panier de substitution.
Sur la base de l'approche ci-dessus, et en fonction de la composition du portefeuille du produit financier (c'est-à-dire du type d'émetteur), le produit financier prend en compte et traite ou atténue les principaux impacts négatifs suivants en matière de durabilité :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergies non renouvelables
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations Unies et des Principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carbone Social4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'hommeIndicateurs obligatoires du Souverain
- Intensité des gaz à effet de serre
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

##### 7
Non

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une tracking error* maximale de 1%) la performance de l'indice BNP Paribas Low Vol Europe ESG (NTR) (Bloomberg : indice BNPIFELE) (l'Indice) en investissant dans des actions émises par des sociétés incluses dans l'indice, en respectant les pondérations de l'Indice (réplication complète), ou en investissant dans un panier de substitution, composé, entre autres, d'actions de sociétés, de titres de créance ou de liquidités (réplication synthétique).
Lors de l'investissement dans un panier de titres appelé panier de substitution, la performance est échangée avec la performance de l'indice, ce qui génère un risque de contrepartie.
L'indice est composé d'actions de sociétés européennes dont la volatilité historique est faible, tout en prenant en compte des critères environnementaux, sociaux et de gouvernance (ESG) (réduction des émissions de carbone, capital humain, gouvernance d'entreprise, etc.) Ainsi, sont exclues de l'indice les entreprises impliquées dans des activités contestables, faisant l'objet de violations significatives des principes du Pacte Mondial des Nations Unies ou les entreprises ayant été impliquées dans de graves controverses liées à l'ESG.
Le type d'approche mis en Úuvre ici est Best-in-class (l'approche Best-in-class identifie les leaders de chaque secteur sur la base des meilleures pratiques environnementales, sociales et de gouvernance (ESG), tout en évitant ceux qui présentent des niveaux de risque élevés et ne respectent pas les normes ESG minimales). La stratégie extra-financière de l'Indice, réalisée à chaque étape du processus d'investissement, peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices BNP Paribas sont disponibles sur https://indx.bnpparibas.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- La stratégie d'investissement en produits financiers doit se conformer à la Politique RBC en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.
- De plus amples informations sur la Politique RBC, et en particulier sur les critères relatifs aux exclusions sectorielles, sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).


##### 8
- La stratégie d'investissement du produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie ESG propriétaire et/ou externe.
- L'univers d'investissement de la stratégie d'investissement du produit financier doit être réduit d'au moins 20 % en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou d'autres critères extra-financiers.
- Le produit financier doit avoir un score ESG moyen pondéré de son portefeuille de stratégie d'investissement supérieur au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus.
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille de stratégie d'investissement inférieure à l'empreinte carbone moyenne pondérée de son univers d'investissement.

Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
- La stratégie d'investissement du produit financier doit investir une proportion de ses actifs dans des " investissements durables " tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci-dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'univers d'investissement d'exposition économique du produit financier est réduit d'un minimum de 20 % en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles conformément à la politique de RBC et/ou d'autres critères extra-financiers.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de BNPP AM évalue la gouvernance d'entreprise par le biais d'un ensemble de base d'indicateurs clés de performance standard pour tous les secteurs, complété par des mesures spécifiques au secteur.
Les métriques et indicateurs de gouvernance permettant d'évaluer les bonnes pratiques de gouvernance telles que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale comprennent, sans s'y limiter, les éléments suivants :
Séparation des pouvoirs (par exemple, séparation PDG/président), Diversité du conseil d'administration,
La rémunération des dirigeants (politique de rémunération),
Indépendance du conseil d'administration et indépendance des principaux comités Responsabilité des administrateurs,
Expertise financière du comité d'audit,
Respect des droits des actionnaires et absence de dispositifs anti-OPA
Présence de politiques appropriées (c.-à-d. pots-de-vin et corruption, dénonciation),

##### 9
La divulgation des impôts,
Une évaluation des incidents négatifs antérieurs liés à la gouvernance.
L'analyse ESG va au-delà du cadre pour examiner une évaluation plus qualitative de la façon dont les idées de notre modèle ESG se reflètent dans la culture et les opérations des entreprises bénéficiaires d'investissements. Dans certains cas, les analystes ESG mèneront des réunions de diligence raisonnable afin de mieux comprendre l'approche de l'entreprise en matière de gouvernance.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, l'allocation d'actifs prévue pour ce produit financier, ainsi que toute proportion minimale décrite ci- dessous, sont celles du portefeuille sous-jacent des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
Les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, représentent la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier sera d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 45%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes


##### 10
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.

controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.

#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Dans le cadre de la réplication synthétique, des instruments financiers dérivés tels que les Total Return Swaps (TRS) sont utilisés de manière continue pour réaliser la politique d'investissement qui promeut des caractéristiques environnementales ou sociales tout en garantissant que les titres physiquement détenus par le produit financier (le "panier de substitution"), dont la performance est comparée à celle de la stratégie d'investissement, respectent des garanties extra-financières minimales.
La réplication synthétique est un cadre dans lequel la contrepartie du SRT couvre sa position et apporte ainsi de la liquidité à tout ou partie des sous-jacents ESG.
Les instruments financiers dérivés peuvent également être utilisés à des fins de gestion efficace du portefeuille et de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 11
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie de l'UE.
La part minimale des investissements dans les activités transitoires et habilitantes au sens du règlement sur la taxonomie est de 0% dans les activités transitoires et de 0% dans les activités habilitantes.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 11%.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 14 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 12
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice BNP Paribas Low Vol Europe ESG a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
13

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : https://indx.bnpparibas.com/nr/FELETR.pdf.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 14
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les

##### fModèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit BNP PARIBAS EASY ESG LOW VOL US	
Identifiant de l'entité juridique :
213800IQX66PWZ6MEE84

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 25 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais
- Un screening positif utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de


##### 1
facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :
- Environnementale : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.
- Un screening négatif appliquant des critères d'exclusion. Celle-ci est appliquée à l'égard des émetteurs présentant un profil ESG médiocre et des émetteurs qui violent systématiquement le Pacte mondial des Nations unies.

En outre, le gestionnaire d'investissement favorise de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice BNP Paribas Low Vol US ESG Index a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer la réalisation des caractéristiques environnementales et sociales promues par le produit financier :
- Le pourcentage de l'exposition économique du produit financier conforme à la politique de RBC ;
- Le pourcentage de l'exposition économique du produit financier couvert par l'analyse ESG basée sur une méthodologie externe et/ou propriétaire(s) ESG ;
- Le pourcentage minimum de l'exposition économique du produit financier dans la réduction de l'univers d'investissement en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou de tout autre critère financier supplémentaire ;
- Le score ESG moyen pondéré de l'exposition économique du produit financier par rapport au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus ;
- L'empreinte carbone moyenne de l'exposition économique du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement ;
- Le pourcentage de l'exposition économique du produit financier dans les "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, les investissements durables auxquels le produit financier est exposé et décrits ci-dessous sont

##### 2
ceux des titres sous-jacents des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que tout au long de son processus d'investissement, le produit financier prend en compte les principaux indicateurs d'impact négatif qui sont pertinents pour sa stratégie d'investissement afin de sélectionner les

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investissements durables que le produit financier a partiellement l'intention de réaliser en mettant systématiquement en Úuvre les piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGD) de BNP Paribas Asset Management dans son processus d'investissement : La politique RBC, les directives d'intégration ESG, la gestion responsable, la vision prospective - les " 3E " (transition énergétique, durabilité environnementale, égalité et croissance inclusive).
La politique RBC établit un cadre commun à l'ensemble des investissements et des activités économiques qui permet d'identifier les industries et les comportements présentant un risque élevé d'impacts négatifs en violation des normes internationales. Dans le cadre de la politique RBC, les politiques sectorielles fournissent une approche adaptée pour identifier et hiérarchiser les principaux impacts négatifs en fonction de la nature de l'activité économique et, dans de nombreux cas, de la géographie dans laquelle ces activités économiques ont lieu.
Les directives d'intégration ESG comprennent une série d'engagements, qui sont importants pour la prise en compte des principaux impacts négatifs sur le développement durable, et guident le processus interne d'intégration ESG. Le cadre exclusif de notation ESG comprend une évaluation d'un certain nombre d'impacts négatifs sur le développement durable causés par les entreprises dans lesquelles nous investissons. Les résultats de cette évaluation peuvent avoir un impact sur les modèles d'évaluation ainsi que sur la construction du portefeuille en fonction de la gravité et de l'importance des impacts négatifs identifiés.
Ainsi, le gestionnaire d'investissement tient compte des principaux impacts négatifs sur le développement durable tout au long du processus d'investissement en utilisant les scores ESG internes et en construisant le portefeuille avec un profil ESG amélioré par rapport à son univers d'investissement.
La perspective prospective définit un ensemble d'objectifs et d'indicateurs de performance développés pour mesurer la façon dont les recherches, les portefeuilles et les engagements sont alignés sur trois questions, les "3E" (transition énergétique, durabilité environnementale, égalité et croissance inclusive) et ainsi soutenir les processus d'investissement.
En outre, l'équipe Stewardship identifie régulièrement les impacts négatifs grâce à des recherches continues, une collaboration avec d'autres investisseurs à long terme et un dialogue avec des ONG et d'autres experts.
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)


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Indicateurs volontaires d'entreprise :
Environnement
4. Investissements dans des entreprises sans initiatives de réduction des émissions de carbone
Social
4. Absence d'un code de conduite des fournisseurs
9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
L'univers d'investissement de la stratégie d'investissement en produits financiers est périodiquement passé au crible afin d'identifier les émetteurs qui sont potentiellement en violation ou en risque de violation des principes du Pacte Mondial des Nations Unies, des Principes directeurs de l'OCDE à l'intention des entreprises multinationales et des Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme.
Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
Si un émetteur s'avère être en violation grave et répétée de l'un des principes, il sera placé sur une "liste d'exclusion" et ne pourra pas être investi. Les investissements existants doivent être retirés du portefeuille selon une procédure interne. Si un émetteur risque de violer l'un des principes, il est placé sur une "liste de surveillance" contrôlée, le cas échéant..
5
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Oui, le produit prend en compte les principaux impacts négatifs sur les facteurs de durabilité en appliquant systématiquement les piliers de l'investissement durable définis dans l'ESG dans son processus d'investissement. Ces piliers sont couverts par des politiques à l'échelle de l'entreprise qui définissent les critères permettant d'identifier, de prendre en compte et de hiérarchiser ainsi que de traiter ou d'atténuer les impacts négatifs sur le développement durable causés par les émetteurs.
La politique RBC établit un cadre commun à l'ensemble des investissements et des activités économiques qui permet d'identifier les industries et les comportements présentant un risque élevé d'impacts négatifs en violation des normes internationales. Dans le cadre de la politique RBC, les politiques sectorielles fournissent une approche adaptée pour identifier et hiérarchiser les principaux impacts négatifs en fonction de la nature de l'activité économique et, dans de nombreux cas, de la géographie dans laquelle ces activités économiques ont lieu.
Les directives d'intégration ESG comprennent une série d'engagements, qui sont importants pour la prise en compte des principaux impacts négatifs sur le développement durable, et guident le processus interne d'intégration ESG. Le cadre exclusif de notation ESG comprend une évaluation d'un certain nombre d'impacts négatifs sur le développement durable causés par les entreprises dans lesquelles nous investissons. Les résultats de cette évaluation peuvent avoir un impact sur les modèles d'évaluation ainsi que sur la construction du portefeuille en fonction de la gravité et de l'importance des impacts négatifs identifiés.
Ainsi, le gestionnaire d'investissement prend en compte les principaux impacts négatifs sur le développement durable tout au long du processus d'investissement par l'utilisation des scores internes ESG et la construction du portefeuille avec un profil ESG amélioré par rapport à son univers d'investissement.
La perspective prospective définit un ensemble d'objectifs et d'indicateurs de performance développés pour mesurer la façon dont les recherches, les portefeuilles et les engagements sont alignés sur trois questions, les "3E" (transition énergétique, durabilité environnementale, égalité et croissance inclusive) et soutiennent ainsi tous les processus d'investissement.
En outre, l'équipe Stewardship identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts.
Les mesures prises pour traiter ou atténuer les principaux impacts négatifs sur le développement durable dépendent de la gravité et de l'importance de ces impacts. Ces actions sont guidées par la Politique RBC, la Politique d'intégration ESG, la Politique d'engagement et de vote et comprennent les éléments suivants :
Exclusion des émetteurs qui violent les normes et conventions internationales et des émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;

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Engagement avec les émetteurs dans le but de les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels ;
En cas de détention d'actions, vote aux assemblées générales annuelles des sociétés dans lesquelles le portefeuille est investi afin de promouvoir la bonne gouvernance et de faire progresser les questions environnementales et sociales.
S'assurer que tous les titres inclus dans le portefeuille bénéficient d'une recherche ESG favorable.
Gérer les portefeuilles de manière à ce que leur profil ESG soit meilleur que celui du benchmark ou de l'univers pertinent.
Dans la réplication synthétique, l'engagement auprès des émetteurs et l'exercice des droits de vote, le cas échéant, ne sont appliqués que pour les titres sous-jacents du panier de substitution.
Sur la base de l'approche ci-dessus, et en fonction de la composition du portefeuille du produit financier (c'est-à-dire du type d'émetteur), le produit financier prend en compte et traite ou atténue les principaux impacts négatifs suivants en matière de durabilité :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergies non renouvelables
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations Unies et des Principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carbone Social4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'hommeIndicateurs obligatoires du Souverain
- Intensité des gaz à effet de serre
- Pays investis faisant l'objet de violations sociales


##### 7
Des informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une tracking error* maximale de 1%) la performance de l'indice BNP Paribas Low Vol US ESG (NTR) (Bloomberg : BNPIFELU) (l'Indice) en investissant dans des actions émises par des sociétés incluses dans l'indice, en respectant les pondérations de l'Indice (réplication complète), ou en investissant dans un panier de substitution, composé, entre autres, d'actions de sociétés, de titres de créance ou de liquidités (réplication synthétique).
Lors de l'investissement dans un panier de titres appelé panier de substitution, la performance est échangée avec la performance de l'indice, ce qui génère un risque de contrepartie.
L'indice est composé d'actions de sociétés américaines dont la volatilité historique est faible, tout en prenant en compte des critères environnementaux, sociaux et de gouvernance (ESG) (réduction des émissions de carbone, capital humain, gouvernance d'entreprise, etc.) Ainsi, sont exclues de l'indice les entreprises impliquées dans des activités contestables, faisant l'objet de violations significatives des principes du Pacte Mondial des Nations Unies ou les entreprises ayant été impliquées dans de graves controverses liées à l'ESG. Le type d'approche mis en Úuvre ici est Best-in-class (l'approche Best-in- class identifie les leaders de chaque secteur sur la base des meilleures pratiques environnementales, sociales et de gouvernance (ESG), tout en évitant ceux qui présentent des niveaux de risque élevés et ne respectent pas les normes ESG minimales). La stratégie extra-financière de l'Indice, réalisée à chaque étape du processus d'investissement, peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'Indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices BNP Paribas sont disponibles sur https://indx.bnpparibas.com.
La performance du produit, libellé en EUR, n'est pas couverte contre le risque de change en USD.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés dans le processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- La stratégie d'investissement en produits financiers doit se conformer à la Politique RBC en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


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- De plus amples informations sur la Politique RBC, et en particulier sur les critères relatifs aux exclusions sectorielles, sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).
- La stratégie d'investissement du produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie ESG propriétaire et/ou externe.
- L'univers d'investissement de la stratégie d'investissement du produit financier doit être réduit d'au moins 20 % en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou d'autres critères extra-financiers.
- Le produit financier doit avoir un score ESG moyen pondéré de son portefeuille de stratégie d'investissement supérieur au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus.
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille de stratégie d'investissement inférieure à l'empreinte carbone moyenne pondérée de son univers d'investissement.

Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
- La stratégie d'investissement du produit financier doit investir une proportion de ses actifs dans des " investissements durables " tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci-dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'univers d'investissement de l'exposition économique du produit financier est réduit d'un minimum de 20 % en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles conformément à la politique de RBC et/ou d'autres critères extra-financiers.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de BNPP AM évalue la gouvernance d'entreprise par le biais d'un ensemble de base d'indicateurs clés de performance standard pour tous les secteurs, complété par des mesures spécifiques au secteur.
Les métriques et indicateurs de gouvernance permettant d'évaluer les bonnes pratiques de gouvernance telles que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale comprennent, sans s'y limiter, les éléments suivants :
- Séparation des pouvoirs (par exemple, séparation PDG/président),
- Diversité du conseil d'administration,
- La rémunération des dirigeants (politique de rémunération),
- Indépendance du conseil d'administration et indépendance des principaux comités
- Responsabilité des administrateurs,
- Expertise financière du comité d'audit,
- Respect des droits des actionnaires et absence de dispositifs anti-OPA


##### 9
- Présence de politiques appropriées (c.-à-d. pots-de-vin et corruption, dénonciation),
- La divulgation des impôts,
- Une évaluation des incidents négatifs antérieurs liés à la gouvernance.
- ​L'analyse ESG va au-delà du cadre pour examiner une évaluation plus qualitative de la façon dont les idées de notre modèle ESG se reflètent dans la culture et les opérations des entreprises bénéficiaires d'investissements. Dans certains cas, les analystes ESG mèneront des réunions de diligence raisonnable afin de mieux comprendre l'approche de l'entreprise en matière de gouvernance.

La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, l'allocation d'actifs prévue pour ce produit financier, ainsi que toute proportion minimale décrite ci- dessous, sont celles du portefeuille sous-jacent des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
La proportion minimale de ces investissements, ainsi que toute proportion minimale décrite ci-dessous, sont celles du portefeuille sous-jacent d'instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés en permanence pour réaliser la politique d'investissement.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier sera d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 25%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Etla politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.

10
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Dans le cadre de la réplication synthétique, des instruments financiers dérivés tels que les Total Return Swaps (TRS) sont utilisés de manière continue pour réaliser la politique d'investissement qui promeut des caractéristiques environnementales ou sociales tout en garantissant que les titres physiquement détenus par le produit financier (le "panier de substitution"), dont la performance est comparée à celle de la stratégie d'investissement, respectent des garanties extra-financières minimales.
La réplication synthétique est un cadre dans lequel la contrepartie du SRT couvre sa position et apporte ainsi de la liquidité à tout ou partie des sous-jacents ESG.
Les instruments financiers dérivés peuvent également être utilisés à des fins de gestion efficace du portefeuille et de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 11
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
La part minimale des investissements dans les activités transitoires et habilitantes au sens du règlement sur la taxonomie est de 0% dans les activités transitoires et de 0% dans les activités habilitantes.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie de l'UE.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 6%.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 9 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 12
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice BNP Paribas Low Vol US ESG a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
13

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : https://indx.bnpparibas.com/nr/FELUTR.pdf.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 14
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit BNP PARIBAS EASY ESG MOMENTUM EUROPE	
Identifiant de l'entité juridique :
213800CUB95MBN63Q829

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 35 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais
- Un screening positif utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de


##### 1
facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :
- Environnementale : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.
- Un screening négatif appliquant des critères d'exclusion. Celle-ci est appliquée à l'égard des émetteurs présentant un profil ESG médiocre et des émetteurs qui violent systématiquement le Pacte mondial des Nations unies.

Dans le cadre de la réplication synthétique, l'engagement auprès des émetteurs et l'exercice des droits de vote, le cas échéant, ne sont appliqués que pour les titres sous-jacents du panier de substitution.
L'indice BNP Paribas Momentum Europe ESG a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer la réalisation des caractéristiques environnementales et sociales promues par le produit financier :
- Le pourcentage de l'exposition économique du produit financier conforme à la politique de RBC ;
- Le pourcentage de l'exposition économique du produit financier couvert par l'analyse ESG basée sur une méthodologie externe et/ou propriétaire(s) ESG ;
- Le pourcentage minimum de l'exposition économique du produit financier dans la réduction de l'univers d'investissement en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou de tout autre critère financier supplémentaire ;
- Le score ESG moyen pondéré de l'exposition économique du produit financier par rapport au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus ;
- L'empreinte carbone moyenne de l'exposition économique du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement ;
- Le pourcentage de l'exposition économique du produit financier dans les "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, les investissements durables auxquels le produit financier est exposé et décrits ci-dessous sont ceux des titres sous-jacents des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.

##### 2
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que tout au long de son processus d'investissement, le produit financier prend en compte les principaux indicateurs d'impact négatif qui sont pertinents pour sa stratégie d'investissement afin de sélectionner les investissements durables que le produit financier a partiellement l'intention de réaliser en mettant systématiquement en Úuvre les piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGD) de BNP Paribas Asset Management

##### 3
dans son processus d'investissement : La politique RBC, les directives d'intégration ESG, la gestion responsable, la vision prospective - les " 3E " (transition énergétique, durabilité environnementale, égalité et croissance inclusive).
La politique RBC établit un cadre commun à l'ensemble des investissements et des activités économiques qui permet d'identifier les industries et les comportements présentant un risque élevé d'impacts négatifs en violation des normes internationales. Dans le cadre de la politique RBC, les politiques sectorielles fournissent une approche adaptée pour identifier et hiérarchiser les principaux impacts négatifs en fonction de la nature de l'activité économique et, dans de nombreux cas, de la géographie dans laquelle ces activités économiques ont lieu.
Les directives d'intégration ESG comprennent une série d'engagements, qui sont importants pour la prise en compte des principaux impacts négatifs sur le développement durable, et guident le processus interne d'intégration ESG. Le cadre exclusif de notation ESG comprend une évaluation d'un certain nombre d'impacts négatifs sur le développement durable causés par les entreprises dans lesquelles nous investissons. Les résultats de cette évaluation peuvent avoir un impact sur les modèles d'évaluation ainsi que sur la construction du portefeuille en fonction de la gravité et de l'importance des impacts négatifs identifiés.
Ainsi, le gestionnaire d'investissement tient compte des principaux impacts négatifs sur le développement durable tout au long du processus d'investissement en utilisant les scores ESG internes et en construisant le portefeuille avec un profil ESG amélioré par rapport à son univers d'investissement.
La perspective prospective définit un ensemble d'objectifs et d'indicateurs de performance développés pour mesurer la façon dont les recherches, les portefeuilles et les engagements sont alignés sur trois questions, les "3E" (transition énergétique, durabilité environnementale, égalité et croissance inclusive) et ainsi soutenir les processus d'investissement.
En outre, l'équipe Stewardship identifie régulièrement les impacts négatifs grâce à des recherches continues, une collaboration avec d'autres investisseurs à long terme et un dialogue avec des ONG et d'autres experts.
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)


##### 4
Indicateurs volontaires d'entreprise :
Environnement
4. Investissements dans des entreprises sans initiatives de réduction des émissions de carbone
Social
4. Absence d'un code de conduite des fournisseurs
9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
L'univers d'investissement de la stratégie d'investissement en produits financiers est périodiquement passé au crible afin d'identifier les émetteurs qui sont potentiellement en violation ou en risque de violation des principes du Pacte Mondial des Nations Unies, des Principes directeurs de l'OCDE à l'intention des entreprises multinationales et des Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme.
Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
Si un émetteur s'avère être en violation grave et répétée de l'un des principes, il sera placé sur une "liste d'exclusion" et ne pourra pas être investi. Les investissements existants doivent être retirés du portefeuille selon une procédure interne. Si un émetteur risque de violer l'un des principes, il est placé sur une "liste de surveillance" contrôlée, le cas échéant..
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La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte les principaux impacts négatifs sur les facteurs de durabilité en appliquant systématiquement les piliers de l'investissement durable définis dans l'ESG dans son processus d'investissement. Ces piliers sont couverts par des politiques à l'échelle de l'entreprise qui définissent les critères permettant d'identifier, de prendre en compte et de hiérarchiser les impacts négatifs sur le développement durable causés par les émetteurs, ainsi que de les traiter ou de les atténuer.
La politique RBC établit un cadre commun à l'ensemble des investissements et des activités économiques qui permet d'identifier les industries et les comportements présentant un risque élevé d'impacts négatifs en violation des normes internationales. Dans le cadre de la politique RBC, les politiques sectorielles fournissent une approche adaptée pour identifier et hiérarchiser les principaux impacts négatifs en fonction de la nature de l'activité économique et, dans de nombreux cas, de la géographie dans laquelle ces activités économiques ont lieu.
Les directives d'intégration ESG comprennent une série d'engagements, qui sont importants pour la prise en compte des principaux impacts négatifs sur le développement durable, et guident le processus interne d'intégration ESG. Le cadre exclusif de notation ESG comprend une évaluation d'un certain nombre d'impacts négatifs sur le développement durable causés par les entreprises dans lesquelles nous investissons. Les résultats de cette évaluation peuvent avoir un impact sur les modèles d'évaluation ainsi que sur la construction du portefeuille en fonction de la gravité et de l'importance des impacts négatifs identifiés.
Ainsi, le gestionnaire d'investissement prend en compte les principaux impacts négatifs sur le développement durable tout au long du processus d'investissement par l'utilisation des scores internes ESG et la construction du portefeuille avec un profil ESG amélioré par rapport à son univers d'investissement.
La perspective prospective définit un ensemble d'objectifs et d'indicateurs de performance développés pour mesurer la façon dont les recherches, les portefeuilles et les engagements sont alignés sur trois questions, les "3E" (transition énergétique, durabilité environnementale, égalité et croissance inclusive) et soutiennent ainsi tous les processus d'investissement.
En outre, l'équipe Stewardship identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts.
Les mesures prises pour traiter ou atténuer les principaux impacts négatifs sur le développement durable dépendent de la gravité et de l'importance de ces impacts. Ces actions sont guidées par la Politique RBC, la Politique d'intégration ESG, la Politique d'engagement et de vote et comprennent les éléments suivants :
Exclusion des émetteurs qui violent les normes et conventions internationales et des émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;

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Engagement avec les émetteurs dans le but de les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels ;
En cas de détention d'actions, vote aux assemblées générales annuelles des sociétés dans lesquelles le portefeuille est investi afin de promouvoir la bonne gouvernance et de faire progresser les questions environnementales et sociales.
S'assurer que tous les titres inclus dans le portefeuille bénéficient d'une recherche ESG favorable.
Gérer les portefeuilles de manière à ce que leur profil ESG soit meilleur que celui du benchmark ou de l'univers pertinent.
Dans la réplication synthétique, l'engagement auprès des émetteurs et l'exercice des droits de vote, le cas échéant, ne sont appliqués que pour les titres sous-jacents du panier de substitution.
Sur la base de l'approche ci-dessus, et en fonction de la composition du portefeuille du produit financier (c'est-à-dire du type d'émetteur), le produit financier prend en compte et traite ou atténue les principaux impacts négatifs suivants en matière de durabilité :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergies non renouvelables
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations Unies et des Principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carbone Social4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'hommeIndicateurs obligatoires du Souverain
- Intensité des gaz à effet de serre
- Pays investis faisant l'objet de violations sociales


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Des informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une tracking error* maximale de 1%) la performance de l'indice BNP Paribas Momentum Europe ESG (NTR) (Bloomberg : indice BNPIFEME) (l'Indice) en investissant dans des actions émises par des sociétés incluses dans l'indice, en respectant les pondérations de l'Indice (réplication complète), ou en investissant dans un panier de substitution, composé, entre autres, d'actions de sociétés, de titres de créance ou de liquidités (réplication synthétique).
Lors de l'investissement dans un panier de titres appelé panier de substitution, la performance est échangée avec la performance de l'indice, ce qui génère un risque de contrepartie.
L'indice est composé d'actions de sociétés européennes dont les états financiers indiquent un fort Momentum sur la base de données fondamentales et d'une méthodologie d'optimisation visant à capturer la performance générée par le facteur Momentum, tout en prenant en compte un critère Environnemental, Social et de Gouvernance (ESG) (réduction des émissions de carbone, capital humain, gouvernance d'entreprise, etc.) Sont donc exclues de l'indice les entreprises impliquées dans des activités contestables, faisant l'objet de violations significatives des principes du Pacte Mondial des Nations Unies ou les entreprises ayant été impliquées dans de graves controverses liées à l'ESG.
Le type d'approche mis en Úuvre ici est Best-in-class (l'approche Best-in-class identifie les leaders de chaque secteur sur la base des meilleures pratiques environnementales, sociales et de gouvernance (ESG), tout en évitant ceux qui présentent des niveaux de risque élevés et ne respectent pas les normes ESG minimales). La stratégie extra-financière de l'Indice, réalisée à chaque étape du processus d'investissement, peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices BNP Paribas sont disponibles sur https://indx.bnpparibas.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- La stratégie d'investissement en produits financiers doit se conformer à la Politique RBC en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les


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normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.
- De plus amples informations sur la Politique RBC, et en particulier sur les critères relatifs aux exclusions sectorielles, sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).
- La stratégie d'investissement du produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie ESG propriétaire et/ou externe.
- L'univers d'investissement de la stratégie d'investissement du produit financier doit être réduit d'au moins 20 % en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou d'autres critères extra-financiers.
- Le produit financier doit avoir un score ESG moyen pondéré de son portefeuille de stratégie d'investissement supérieur au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus.

Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille de stratégie d'investissement inférieure à l'empreinte carbone moyenne pondérée de son univers d'investissement.
- La stratégie d'investissement du produit financier doit investir au moins 35% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'"investissement durable" sont indiqués dans la question ci-dessus "Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ?" et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'univers d'investissement d'exposition économique du produit financier est réduit d'un minimum de 20 % en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles conformément à la politique de RBC et/ou d'autres critères extra-financiers.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de BNPP AM évalue la gouvernance d'entreprise par le biais d'un ensemble de base d'indicateurs clés de performance standard pour tous les secteurs, complété par des mesures spécifiques au secteur.
Les métriques et indicateurs de gouvernance permettant d'évaluer les bonnes pratiques de gouvernance telles que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale comprennent, sans s'y limiter, les éléments suivants :
- Séparation des pouvoirs (par exemple, séparation PDG/président),
- Diversité du conseil d'administration,
- La rémunération des dirigeants (politique de rémunération),
- Indépendance du conseil d'administration et indépendance des principaux comités
- Responsabilité des administrateurs,


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- Expertise financière du comité d'audit,
- Respect des droits des actionnaires et absence de dispositifs anti-OPA
- Présence de politiques appropriées (c.-à-d. pots-de-vin et corruption, dénonciation),
- La divulgation des impôts,
- Une évaluation des incidents négatifs antérieurs liés à la gouvernance.
- ​L'analyse ESG va au-delà du cadre pour examiner une évaluation plus qualitative de la façon dont les idées de notre modèle ESG se reflètent dans la culture et les opérations des entreprises bénéficiaires d'investissements. Dans certains cas, les analystes ESG mèneront des réunions de diligence raisonnable afin de mieux comprendre l'approche de l'entreprise en matière de gouvernance.

La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, l'allocation d'actifs prévue pour ce produit financier, ainsi que toute proportion minimale décrite ci- dessous, sont celles du portefeuille sous-jacent des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
La proportion minimale de ces investissements, ainsi que toute proportion minimale décrite ci-dessous, sont celles du portefeuille sous-jacent d'instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés en permanence pour réaliser la politique d'investissement.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier sera d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 35%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Etla politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.

10
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Dans le cadre de la réplication synthétique, des instruments financiers dérivés tels que les Total Return Swaps (TRS) sont utilisés de manière continue pour réaliser la politique d'investissement qui promeut des caractéristiques environnementales ou sociales tout en garantissant que les titres physiquement détenus par le produit financier (le "panier de substitution"), dont la performance est comparée à celle de la stratégie d'investissement, respectent des garanties extra-financières minimales.
La réplication synthétique est un cadre dans lequel la contrepartie du SRT couvre sa position et apporte ainsi de la liquidité à tout ou partie des sous-jacents ESG.
Les instruments financiers dérivés peuvent également être utilisés à des fins de gestion efficace du portefeuille et de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

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Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie
La part minimale des investissements dans les activités transitoires et habilitantes au sens du règlement sur la taxonomie est de 0% dans les activités transitoires et de 0% dans les activités habilitantes.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 11 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 13 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 12
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice BNP Paribas Momentum Europe ESG a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
13

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : https://indx.bnpparibas.com/nr/FEMETR.pdf.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 14
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit BNP PARIBAS EASY ESG QUALITY EUROPE	
Identifiant de l'entité juridique :
2138009SZIFSH2QB3J69

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 35 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais
- Un screening positif utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de


##### 1
facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :
- Environnementale : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.
- Un screening négatif appliquant des critères d'exclusion. Celle-ci est appliquée à l'égard des émetteurs présentant un profil ESG médiocre et des émetteurs qui violent systématiquement le Pacte mondial des Nations unies.

Dans le cadre de la réplication synthétique, l'engagement auprès des émetteurs et l'exercice des droits de vote, le cas échéant, ne sont appliqués que pour les titres sous-jacents du panier de substitution.
L'indice BNP Paribas Quality Europe ESG Index a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer la réalisation des caractéristiques environnementales et sociales promues par le produit financier :
- Le pourcentage de l'exposition économique du produit financier conforme à la politique de RBC ;
- Le pourcentage de l'exposition économique du produit financier couvert par l'analyse ESG basée sur une méthodologie externe et/ou propriétaire(s) ESG ;
- Le pourcentage minimum de l'exposition économique du produit financier dans la réduction de l'univers d'investissement en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou de tout autre critère financier supplémentaire ;
- Le score ESG moyen pondéré de l'exposition économique du produit financier par rapport au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus ;
- L'empreinte carbone moyenne de l'exposition économique du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement ;
- Le pourcentage de l'exposition économique du produit financier dans les "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, les investissements durables auxquels le produit financier est exposé et décrits ci-dessous sont ceux des titres sous-jacents des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.

##### 2
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que tout au long de son processus d'investissement, le produit financier prend en compte les principaux indicateurs d'impact négatif qui sont pertinents pour sa stratégie d'investissement afin de sélectionner les investissements durables que le produit financier a partiellement l'intention de réaliser en mettant systématiquement en Úuvre les piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGD) de BNP Paribas Asset Management

##### 3
dans son processus d'investissement : La politique RBC, les directives d'intégration ESG, la gestion responsable, la vision prospective - les " 3E " (transition énergétique, durabilité environnementale, égalité et croissance inclusive).
La politique RBC établit un cadre commun à l'ensemble des investissements et des activités économiques qui permet d'identifier les industries et les comportements présentant un risque élevé d'impacts négatifs en violation des normes internationales. Dans le cadre de la politique RBC, les politiques sectorielles fournissent une approche adaptée pour identifier et hiérarchiser les principaux impacts négatifs en fonction de la nature de l'activité économique et, dans de nombreux cas, de la géographie dans laquelle ces activités économiques ont lieu.
Les directives d'intégration ESG comprennent une série d'engagements, qui sont importants pour la prise en compte des principaux impacts négatifs sur le développement durable, et guident le processus interne d'intégration ESG. Le cadre exclusif de notation ESG comprend une évaluation d'un certain nombre d'impacts négatifs sur le développement durable causés par les entreprises dans lesquelles nous investissons. Les résultats de cette évaluation peuvent avoir un impact sur les modèles d'évaluation ainsi que sur la construction du portefeuille en fonction de la gravité et de l'importance des impacts négatifs identifiés.
Ainsi, le gestionnaire d'investissement tient compte des principaux impacts négatifs sur le développement durable tout au long du processus d'investissement en utilisant les scores ESG internes et en construisant le portefeuille avec un profil ESG amélioré par rapport à son univers d'investissement.
La perspective prospective définit un ensemble d'objectifs et d'indicateurs de performance développés pour mesurer la façon dont les recherches, les portefeuilles et les engagements sont alignés sur trois questions, les "3E" (transition énergétique, durabilité environnementale, égalité et croissance inclusive) et ainsi soutenir les processus d'investissement.
En outre, l'équipe Stewardship identifie régulièrement les impacts négatifs grâce à des recherches continues, une collaboration avec d'autres investisseurs à long terme et un dialogue avec des ONG et d'autres experts.
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)


##### 4
Indicateurs volontaires d'entreprise :
Environnement
4. Investissements dans des entreprises sans initiatives de réduction des émissions de carbone
Social
4. Absence d'un code de conduite des fournisseurs
9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
L'univers d'investissement de la stratégie d'investissement en produits financiers est périodiquement passé au crible afin d'identifier les émetteurs qui sont potentiellement en violation ou en risque de violation des principes du Pacte Mondial des Nations Unies, des Principes directeurs de l'OCDE à l'intention des entreprises multinationales et des Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme.
Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
Si un émetteur s'avère être en violation grave et répétée de l'un des principes, il sera placé sur une "liste d'exclusion" et ne pourra pas être investi. Les investissements existants doivent être retirés du portefeuille selon une procédure interne. Si un émetteur risque de violer l'un des principes, il est placé sur une "liste de surveillance" contrôlée, le cas échéant..
5
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte les principaux impacts négatifs sur les facteurs de durabilité en appliquant systématiquement les piliers de l'investissement durable définis dans l'ESG dans son processus d'investissement. Ces piliers sont couverts par des politiques à l'échelle de l'entreprise qui définissent les critères permettant d'identifier, de prendre en compte et de hiérarchiser ainsi que de traiter ou d'atténuer les impacts négatifs sur le développement durable causés par les émetteurs.
La politique RBC établit un cadre commun à l'ensemble des investissements et des activités économiques qui permet d'identifier les industries et les comportements présentant un risque élevé d'impacts négatifs en violation des normes internationales. Dans le cadre de la politique RBC, les politiques sectorielles fournissent une approche adaptée pour identifier et hiérarchiser les principaux impacts négatifs en fonction de la nature de l'activité économique et, dans de nombreux cas, de la géographie dans laquelle ces activités économiques ont lieu.
Les directives d'intégration ESG comprennent une série d'engagements, qui sont importants pour la prise en compte des principaux impacts négatifs sur le développement durable, et guident le processus interne d'intégration ESG. Le cadre exclusif de notation ESG comprend une évaluation d'un certain nombre d'impacts négatifs sur le développement durable causés par les entreprises dans lesquelles nous investissons. Les résultats de cette évaluation peuvent avoir un impact sur les modèles d'évaluation ainsi que sur la construction du portefeuille en fonction de la gravité et de l'importance des impacts négatifs identifiés.
Ainsi, le gestionnaire d'investissement prend en compte les principaux impacts négatifs sur le développement durable tout au long du processus d'investissement par l'utilisation des scores internes ESG et la construction du portefeuille avec un profil ESG amélioré par rapport à son univers d'investissement.
La perspective prospective définit un ensemble d'objectifs et d'indicateurs de performance développés pour mesurer la façon dont les recherches, les portefeuilles et les engagements sont alignés sur trois questions, les "3E" (transition énergétique, durabilité environnementale, égalité et croissance inclusive) et soutiennent ainsi tous les processus d'investissement.
En outre, l'équipe Stewardship identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts.
Les mesures prises pour traiter ou atténuer les principaux impacts négatifs sur le développement durable dépendent de la gravité et de l'importance de ces impacts. Ces actions sont guidées par la Politique RBC, la Politique d'intégration ESG, la Politique d'engagement et de vote et comprennent les éléments suivants :
Exclusion des émetteurs qui violent les normes et conventions internationales et des émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;

##### 6
Engagement avec les émetteurs dans le but de les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels ;
En cas de détention d'actions, vote aux assemblées générales annuelles des sociétés dans lesquelles le portefeuille est investi afin de promouvoir la bonne gouvernance et de faire progresser les questions environnementales et sociales.
S'assurer que tous les titres inclus dans le portefeuille bénéficient d'une recherche ESG favorable.
Gérer les portefeuilles de manière à ce que leur profil ESG soit meilleur que celui du benchmark ou de l'univers pertinent.
Dans la réplication synthétique, l'engagement auprès des émetteurs et l'exercice des droits de vote, le cas échéant, ne sont appliqués que pour les titres sous-jacents du panier de substitution.
Sur la base de l'approche ci-dessus, et en fonction de la composition du portefeuille du produit financier (c'est-à-dire du type d'émetteur), le produit financier prend en compte et traite ou atténue les principaux impacts négatifs suivants en matière de durabilité :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergies non renouvelables
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations Unies et des Principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carbone Social4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'hommeIndicateurs obligatoires du Souverain
- Intensité des gaz à effet de serre
- Pays investis faisant l'objet de violations sociales


##### 7
Des informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une tracking error* maximale de 1%) la performance de l'indice BNP Paribas Value Europe ESG (NTR) (Bloomberg : indice BNPIFEVE) (l'Indice) en investissant dans des actions émises par des sociétés incluses dans l'indice, en respectant les pondérations de l'Indice (réplication complète), ou en investissant dans un panier de substitution, composé, entre autres, d'actions de sociétés, de titres de créance ou de liquidités (réplication synthétique).
Lors de l'investissement dans un panier de titres appelé panier de substitution, la performance est échangée avec la performance de l'indice, ce qui génère un risque de contrepartie.
L'indice est composé d'actions de sociétés européennes basées sur une recherche financière et académique qui explore les sociétés fondamentales sous-évaluées, tout en tenant compte d'un critère environnemental, social et de gouvernance (ESG) (réduction des émissions de carbone, capital humain, gouvernance d'entreprise, etc.) Ainsi, sont exclues de l'indice les entreprises impliquées dans des activités contestables, faisant l'objet de violations significatives des principes du Pacte Mondial des Nations Unies ou les entreprises ayant été impliquées dans de graves controverses liées à l'ESG. Le type d'approche mis en Úuvre ici est Best-in-class (l'approche Best-in-class identifie les leaders de chaque secteur sur la base des meilleures pratiques environnementales, sociales et de gouvernance (ESG), tout en évitant ceux qui présentent des niveaux de risque élevés et ne respectent pas les normes ESG minimales). La stratégie extra-financière de l'Indice, réalisée à chaque étape du processus d'investissement, peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices BNP Paribas sont disponibles sur https://indx.bnpparibas.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- La stratégie d'investissement en produits financiers doit se conformer à la Politique RBC en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


##### 8
De plus amples informations sur la Politique RBC, et en particulier sur les critères relatifs aux exclusions sectorielles, sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).
- La stratégie d'investissement du produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie ESG propriétaire et/ou externe.
- L'univers d'investissement de la stratégie d'investissement du produit financier doit être réduit d'au moins 20 % en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou d'autres critères extra-financiers.
- Le produit financier doit avoir un score ESG moyen pondéré de son portefeuille de stratégie d'investissement supérieur au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus.
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille de stratégie d'investissement inférieure à l'empreinte carbone moyenne pondérée de son univers d'investissement.

Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
- La stratégie d'investissement du produit financier doit investir au moins 35% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'"investissement durable" sont indiqués dans la question ci-dessus "Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ?" et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'univers d'investissement d'exposition économique du produit financier est réduit d'un minimum de 20 % en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles conformément à la politique de RBC et/ou d'autres critères extra-financiers.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de BNPP AM évalue la gouvernance d'entreprise par le biais d'un ensemble de base d'indicateurs clés de performance standard pour tous les secteurs, complété par des mesures spécifiques au secteur.
Les métriques et indicateurs de gouvernance permettant d'évaluer les bonnes pratiques de gouvernance telles que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale comprennent, sans s'y limiter, les éléments suivants :
- Séparation des pouvoirs (par exemple, séparation PDG/président),
- Diversité du conseil d'administration,
- La rémunération des dirigeants (politique de rémunération),
- Indépendance du conseil d'administration et indépendance des principaux comités
- Responsabilité des administrateurs,
- Expertise financière du comité d'audit,
- Respect des droits des actionnaires et absence de dispositifs anti-OPA


##### 9
- Présence de politiques appropriées (c.-à-d. pots-de-vin et corruption, dénonciation),
- La divulgation des impôts,
- Une évaluation des incidents négatifs antérieurs liés à la gouvernance.

L'analyse ESG va au-delà du cadre pour examiner une évaluation plus qualitative de la façon dont les idées de notre modèle ESG se reflètent dans la culture et les opérations des entreprises bénéficiaires d'investissements. Dans certains cas, les analystes ESG mèneront des réunions de diligence raisonnable afin de mieux comprendre l'approche de l'entreprise en matière de gouvernance.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, l'allocation d'actifs prévue pour ce produit financier, ainsi que toute proportion minimale décrite ci- dessous, sont celles du portefeuille sous-jacent des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
La proportion minimale de ces investissements, ainsi que toute proportion minimale décrite ci-dessous, sont celles du portefeuille sous-jacent d'instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés en permanence pour réaliser la politique d'investissement.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier sera d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 35%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.

10
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Dans le cadre de la réplication synthétique, des instruments financiers dérivés tels que les Total Return Swaps (TRS) sont utilisés de manière continue pour réaliser la politique d'investissement qui promeut des caractéristiques environnementales ou sociales tout en garantissant que les titres physiquement détenus par le produit financier (le "panier de substitution"), dont la performance est comparée à celle de la stratégie d'investissement, respectent des garanties extra-financières minimales.
La réplication synthétique est un cadre dans lequel la contrepartie du SRT couvre sa position et apporte ainsi de la liquidité à tout ou partie des sous-jacents ESG.
Les instruments financiers dérivés peuvent également être utilisés à des fins de gestion efficace du portefeuille et de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 11
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 6 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 15 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.


##### 12
Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice BNP Paribas Quality Europe ESG a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
13

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : https://indx.bnpparibas.com/nr/FEQETR.pdf.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 14
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit BNP PARIBAS EASY ESG VALUE EUROPE	
Identifiant de l'entité juridique :
213800M8Q7157WWVTH95

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 25 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais
- Un screening positif utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de


##### 1
facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :
- Environnementale : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.
- Un screening négatif appliquant des critères d'exclusion. Celle-ci est appliquée à l'égard des émetteurs présentant un profil ESG médiocre et des émetteurs qui violent systématiquement le Pacte mondial des Nations unies.

Dans le cadre de la réplication synthétique, l'engagement auprès des émetteurs et l'exercice des droits de vote, le cas échéant, ne sont appliqués que pour les titres sous-jacents du panier de substitution.
L'indice BNP Paribas Value Europe ESG a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer la réalisation des caractéristiques environnementales et sociales promues par le produit financier :
- Le pourcentage de l'exposition économique du produit financier conforme à la politique de RBC ;
- Le pourcentage de l'exposition économique du produit financier couvert par l'analyse ESG basée sur une méthodologie externe et/ou propriétaire(s) ESG ;
- Le pourcentage minimum de l'exposition économique du produit financier dans la réduction de l'univers d'investissement en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou de tout autre critère financier supplémentaire ;
- Le score ESG moyen pondéré de l'exposition économique du produit financier par rapport au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus ;
- L'empreinte carbone moyenne de l'exposition économique du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement ;
- Le pourcentage de l'exposition économique du produit financier dans les "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, les investissements durables auxquels le produit financier est exposé et décrits ci-dessous sont ceux des titres sous-jacents des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.

##### 2
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que tout au long de son processus d'investissement, le produit financier prend en compte les principaux indicateurs d'impact négatif qui sont pertinents pour sa stratégie d'investissement afin de sélectionner les investissements durables que le produit financier a partiellement l'intention de réaliser en mettant systématiquement en Úuvre les piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGD) de BNP Paribas Asset Management

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dans son processus d'investissement : La politique RBC, les directives d'intégration ESG, la gestion responsable, la vision prospective - les " 3E " (transition énergétique, durabilité environnementale, égalité et croissance inclusive).
La politique RBC établit un cadre commun à l'ensemble des investissements et des activités économiques qui permet d'identifier les industries et les comportements présentant un risque élevé d'impacts négatifs en violation des normes internationales. Dans le cadre de la politique RBC, les politiques sectorielles fournissent une approche adaptée pour identifier et hiérarchiser les principaux impacts négatifs en fonction de la nature de l'activité économique et, dans de nombreux cas, de la géographie dans laquelle ces activités économiques ont lieu.
Les directives d'intégration ESG comprennent une série d'engagements, qui sont importants pour la prise en compte des principaux impacts négatifs sur le développement durable, et guident le processus interne d'intégration ESG. Le cadre exclusif de notation ESG comprend une évaluation d'un certain nombre d'impacts négatifs sur le développement durable causés par les entreprises dans lesquelles nous investissons. Les résultats de cette évaluation peuvent avoir un impact sur les modèles d'évaluation ainsi que sur la construction du portefeuille en fonction de la gravité et de l'importance des impacts négatifs identifiés.
Ainsi, le gestionnaire d'investissement tient compte des principaux impacts négatifs sur le développement durable tout au long du processus d'investissement en utilisant les scores ESG internes et en construisant le portefeuille avec un profil ESG amélioré par rapport à son univers d'investissement.
La perspective prospective définit un ensemble d'objectifs et d'indicateurs de performance développés pour mesurer la façon dont les recherches, les portefeuilles et les engagements sont alignés sur trois questions, les "3E" (transition énergétique, durabilité environnementale, égalité et croissance inclusive) et ainsi soutenir les processus d'investissement.
En outre, l'équipe Stewardship identifie régulièrement les impacts négatifs grâce à des recherches continues, une collaboration avec d'autres investisseurs à long terme et un dialogue avec des ONG et d'autres experts.
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)


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Indicateurs volontaires d'entreprise :
Environnement
4. Investissements dans des entreprises sans initiatives de réduction des émissions de carbone
Social
4. Absence d'un code de conduite des fournisseurs
9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
L'univers d'investissement de la stratégie d'investissement en produits financiers est périodiquement passé au crible afin d'identifier les émetteurs qui sont potentiellement en violation ou en risque de violation des principes du Pacte Mondial des Nations Unies, des Principes directeurs de l'OCDE à l'intention des entreprises multinationales et des Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme.
Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
Si un émetteur s'avère être en violation grave et répétée de l'un des principes, il sera placé sur une "liste d'exclusion" et ne pourra pas être investi. Les investissements existants doivent être retirés du portefeuille selon une procédure interne. Si un émetteur risque de violer l'un des principes, il est placé sur une "liste de surveillance" contrôlée, le cas échéant..
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La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte les principaux impacts négatifs sur les facteurs de durabilité en appliquant systématiquement les piliers de l'investissement durable définis dans l'ESG dans son processus d'investissement. Ces piliers sont couverts par des politiques à l'échelle de l'entreprise qui définissent les critères permettant d'identifier, de prendre en compte et de hiérarchiser ainsi que de traiter ou d'atténuer les impacts négatifs sur le développement durable causés par les émetteurs.
La politique RBC établit un cadre commun à l'ensemble des investissements et des activités économiques qui permet d'identifier les industries et les comportements présentant un risque élevé d'impacts négatifs en violation des normes internationales. Dans le cadre de la politique RBC, les politiques sectorielles fournissent une approche adaptée pour identifier et hiérarchiser les principaux impacts négatifs en fonction de la nature de l'activité économique et, dans de nombreux cas, de la géographie dans laquelle ces activités économiques ont lieu.
Les directives d'intégration ESG comprennent une série d'engagements, qui sont importants pour la prise en compte des principaux impacts négatifs sur le développement durable, et guident le processus interne d'intégration ESG. Le cadre exclusif de notation ESG comprend une évaluation d'un certain nombre d'impacts négatifs sur le développement durable causés par les entreprises dans lesquelles nous investissons. Les résultats de cette évaluation peuvent avoir un impact sur les modèles d'évaluation ainsi que sur la construction du portefeuille en fonction de la gravité et de l'importance des impacts négatifs identifiés.
Ainsi, le gestionnaire d'investissement prend en compte les principaux impacts négatifs sur le développement durable tout au long du processus d'investissement par l'utilisation des scores internes ESG et la construction du portefeuille avec un profil ESG amélioré par rapport à son univers d'investissement.
La perspective prospective définit un ensemble d'objectifs et d'indicateurs de performance développés pour mesurer la façon dont les recherches, les portefeuilles et les engagements sont alignés sur trois questions, les "3E" (transition énergétique, durabilité environnementale, égalité et croissance inclusive) et soutiennent ainsi tous les processus d'investissement.
En outre, l'équipe Stewardship identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts.
Les mesures prises pour traiter ou atténuer les principaux impacts négatifs sur le développement durable dépendent de la gravité et de l'importance de ces impacts. Ces actions sont guidées par la Politique RBC, la Politique d'intégration ESG, la Politique d'engagement et de vote et comprennent les éléments suivants :
Exclusion des émetteurs qui violent les normes et conventions internationales et des émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;

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Engagement avec les émetteurs dans le but de les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels ;
En cas de détention d'actions, vote aux assemblées générales annuelles des sociétés dans lesquelles le portefeuille est investi afin de promouvoir la bonne gouvernance et de faire progresser les questions environnementales et sociales.
S'assurer que tous les titres inclus dans le portefeuille bénéficient d'une recherche ESG favorable.
Gérer les portefeuilles de manière à ce que leur profil ESG soit meilleur que celui du benchmark ou de l'univers pertinent.
Dans la réplication synthétique, l'engagement auprès des émetteurs et l'exercice des droits de vote, le cas échéant, ne sont appliqués que pour les titres sous-jacents du panier de substitution.
Sur la base de l'approche ci-dessus, et en fonction de la composition du portefeuille du produit financier (c'est-à-dire du type d'émetteur), le produit financier prend en compte et traite ou atténue les principaux impacts négatifs suivants en matière de durabilité :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergies non renouvelables
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations Unies et des Principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carbone Social4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'hommeIndicateurs obligatoires du Souverain
- Intensité des gaz à effet de serre
- Pays investis faisant l'objet de violations sociales


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Des informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une tracking error* maximale de 1%) la performance de l'indice BNP Paribas Value Europe ESG (NTR) (Bloomberg : indice BNPIFEVE) (l'Indice) en investissant dans des actions émises par des sociétés incluses dans l'indice, en respectant les pondérations de l'Indice (réplication complète), ou en investissant dans un panier de substitution, composé, entre autres, d'actions de sociétés, de titres de créance ou de liquidités (réplication synthétique).
Lors de l'investissement dans un panier de titres appelé panier de substitution, la performance est échangée avec la performance de l'indice, ce qui génère un risque de contrepartie.
L'indice est composé d'actions de sociétés européennes basées sur une recherche financière et académique qui explore les sociétés fondamentales sous-évaluées, tout en tenant compte d'un critère environnemental, social et de gouvernance (ESG) (réduction des émissions de carbone, capital humain, gouvernance d'entreprise, etc.) Ainsi, sont exclues de l'indice les entreprises impliquées dans des activités contestables, faisant l'objet de violations significatives des principes du Pacte Mondial des Nations Unies ou les entreprises ayant été impliquées dans de graves controverses liées à l'ESG. Le type d'approche mis en Úuvre ici est Best-in-class (l'approche Best-in-class identifie les leaders de chaque secteur sur la base des meilleures pratiques environnementales, sociales et de gouvernance (ESG), tout en évitant ceux qui présentent des niveaux de risque élevés et ne respectent pas les normes ESG minimales). La stratégie extra-financière de l'Indice, réalisée à chaque étape du processus d'investissement, peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices BNP Paribas sont disponibles sur https://indx.bnpparibas.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- La stratégie d'investissement en produits financiers doit se conformer à la Politique RBC en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


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De plus amples informations sur la Politique RBC, et en particulier sur les critères relatifs aux exclusions sectorielles, sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).
- La stratégie d'investissement du produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie ESG propriétaire et/ou externe.
- L'univers d'investissement de la stratégie d'investissement du produit financier doit être réduit d'au moins 20 % en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou d'autres critères extra-financiers.
- Le produit financier doit avoir un score ESG moyen pondéré de son portefeuille de stratégie d'investissement supérieur au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus.
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille de stratégie d'investissement inférieure à l'empreinte carbone moyenne pondérée de son univers d'investissement.

Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
- La stratégie d'investissement du produit financier doit investir au moins 25% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'"investissement durable" sont indiqués dans la question ci-dessus "Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ?" et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'univers d'investissement d'exposition économique du produit financier est réduit d'un minimum de 20 % en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles conformément à la politique de RBC et/ou d'autres critères extra-financiers.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de BNPP AM évalue la gouvernance d'entreprise par le biais d'un ensemble de base d'indicateurs clés de performance standard pour tous les secteurs, complété par des mesures spécifiques au secteur.
Les métriques et indicateurs de gouvernance permettant d'évaluer les bonnes pratiques de gouvernance telles que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale comprennent, sans s'y limiter, les éléments suivants :
- Séparation des pouvoirs (par exemple, séparation PDG/président),
- Diversité du conseil d'administration,
- La rémunération des dirigeants (politique de rémunération),
- Indépendance du conseil d'administration et indépendance des principaux comités
- Responsabilité des administrateurs,
- Expertise financière du comité d'audit,
- Respect des droits des actionnaires et absence de dispositifs anti-OPA


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- Présence de politiques appropriées (c.-à-d. pots-de-vin et corruption, dénonciation),
- La divulgation des impôts,
- Une évaluation des incidents négatifs antérieurs liés à la gouvernance.

L'analyse ESG va au-delà du cadre pour examiner une évaluation plus qualitative de la façon dont les idées de notre modèle ESG se reflètent dans la culture et les opérations des entreprises bénéficiaires d'investissements. Dans certains cas, les analystes ESG mèneront des réunions de diligence raisonnable afin de mieux comprendre l'approche de l'entreprise en matière de gouvernance.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, l'allocation d'actifs prévue pour ce produit financier, ainsi que toute proportion minimale décrite ci- dessous, sont celles du portefeuille sous-jacent des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
La proportion minimale de ces investissements, ainsi que toute proportion minimale décrite ci-dessous, sont celles du portefeuille sous-jacent d'instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés en permanence pour réaliser la politique d'investissement.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier sera d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 25%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.

10
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Dans le cadre de la réplication synthétique, des instruments financiers dérivés tels que les Total Return Swaps (TRS) sont utilisés de manière continue pour réaliser la politique d'investissement qui promeut des caractéristiques environnementales ou sociales tout en garantissant que les titres physiquement détenus par le produit financier (le "panier de substitution"), dont la performance est comparée à celle de la stratégie d'investissement, respectent des garanties extra-financières minimales.
La réplication synthétique est un cadre dans lequel la contrepartie du SRT couvre sa position et apporte ainsi de la liquidité à tout ou partie des sous-jacents ESG.
Les instruments financiers dérivés peuvent également être utilisés à des fins de gestion efficace du portefeuille et de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 11
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie
La part minimale des investissements dans les activités transitoires et habilitantes au sens du règlement sur la taxonomie est de 0% dans les activités transitoires et de 0% dans les activités habilitantes.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 8 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 14 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 12
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice BNP Paribas Momentum Europe ESG a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
13

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : https://indx.bnpparibas.com/nr/FEVETR.pdf.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 14
L'investissement durable est un investissement dans une activité

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
économique qui contribue à un
Nom du produit : 
: BNP PARIBAS EASY FTSE EPRA NAREIT DEVELOPED EUROPE EX UK GREEN CTB
Identifiant de l'entité juridique :
2138001QCKOGYCCU9P13
objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 35 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui font preuve de pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
Le produit financier vise à améliorer son profil ESG par rapport à son univers d'investissement.
La performance ESG d'un émetteur est évaluée en fonction d'une combinaison de facteurs environnementaux, sociaux et de gouvernance qui incluent, sans s'y limiter, les éléments suivants :

##### 1
- Environnementaux : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

Les critères d'exclusion sont appliqués en ce qui concerne les émetteurs qui violent les normes et conventions internationales, ou qui opèrent dans des secteurs sensibles tels que définis par les fournisseurs de données externes.
En outre, le gestionnaire d'investissement promeut de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice FTSE EPRA Nareit Developed Europe ex UK Green EU CTB (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du référentiel :
- Le pourcentage du portefeuille du produit financier conforme aux critères d'actions éligibles du benchmark de référence en tenant compte des politiques sectorielles et controversées ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- L'empreinte carbone moyenne du portefeuille du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement, tel que défini dans le Prospectus ;
- Le pourcentage du portefeuille du produit financier investi dans des " investissements durables " tels que définis à l'article 2 (17) du RGPD.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables réalisés par le produit financier sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;


##### 2
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
La proportion d'investissements du produit financier réalisés dans des activités économiques et qui sont qualifiés d'investissements durables en vertu de la SFDR peut contribuer aux objectifs environnementaux tels que définis dans le règlement sur la taxonomie : l'atténuation du changement climatique, l'adaptation au changement climatique, l'utilisation durable et la protection des ressources en eau et des ressources marines, la transition vers une économie circulaire, la prévention et le contrôle de la pollution, la protection et/ou la restauration de la biodiversité et des écosystèmes. La mesure dans laquelle les investissements durables ayant un objectif environnemental sont alignés sur la taxonomie de l'UE sera divulguée dans le rapport annuel du produit financier.
De plus amples informations sur la méthodologie interne sont disponibles sur le site web du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :

##### 3
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Afin que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une erreur de suivi* maximale de 1%) la performance de l'indice FTSE EPRA Nareit Developed Europe ex UK Green EU CTB (NTR) (l'indice) en investissant dans les actions émises par les sociétés immobilières incluses dans l'indice, en respectant les pondérations de l'indice (réplication complète).
L'indice est composé de sociétés immobilières européennes (après exclusion du Royaume-Uni) cotées en bourse et sélectionnées sur la base de trois critères d'investissement durable : La certification des bâtiments verts, l'utilisation de l'énergie et les données sur les émissions de carbone, tout en visant à respecter les objectifs du Climate Transition Benchmark (CTB), à savoir réduire l'intensité carbone d'au moins 30 % par rapport à l'univers d'investissement initial et atteindre un objectif de décarbonisation supplémentaire de 7 % chaque année, tel que défini dans le cadre de la taxonomie européenne.
Le poids maximum d'une entreprise au sein de l'indice est limité à 10% à chaque date de rééquilibrage.
Par conséquent, les entreprises sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies sont exclues de l'indice.
Le type d'approche utilisé ici est thématique (l'indice est composé d'entreprises qui fournissent des produits et services apportant des solutions concrètes à des défis environnementaux et/ou sociaux spécifiques, cherchant à bénéficier de la croissance future anticipée dans ces domaines tout en apportant du capital à la transition vers une économie à faible émission de carbone et inclusive). La stratégie extra-financière de l'Indice peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices FTSE, sont disponibles sur www.ftserussell.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés dans le processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'éligibilité des actions en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées,...), car ces entreprises sont réputées violer les normes internationales ou causer des dommages inacceptables à la société et/ou à l'environnement.
- Le produit financier doit avoir au moins 90% de sa stratégie d'investissement en titres sous- jacents couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille inférieure d'au moins 30% à l'empreinte carbone moyenne pondérée de son univers d'investissement, tel que défini dans le Prospectus.
- Le produit financier doit atteindre un objectif annuel de décarbonisation d'au moins 7 %.
- Le produit financier doit investir au moins 35% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci-dessus " Quels sont les objectifs des investissements durables que le produit financier entend


##### 6
partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.
Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
Le produit financier ne s'engage pas sur un taux minimum de réduction du périmètre des investissements avant l'application de sa stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG du benchmark de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices FTSE, sont disponibles sur www.ftserussell.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes par le calcul de la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 35%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces

##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.

investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
La mesure dans laquelle les investissements durables ayant un objectif environnemental sont alignés sur la Taxonomie de l'UE et qui contribuent aux objectifs environnementaux atténuation du changement climatique, adaptation au changement climatique, utilisation durable et protection des ressources en eau et des ressources marines, transition vers une économie circulaire, prévention et contrôle de la pollution et/ou protection et restauration de la biodiversité et des écosystèmes sont divulgués dans les deux graphiques ci-dessous.
Le gestionnaire d'investissement améliore sa collecte de données d'alignement sur la Taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité dans la Taxonomie. D'autres mises à jour ultérieures du prospectus et des engagements d'alignement sur la Taxonomie seront effectuées en conséquence.

##### 8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les activités économiques qui ne sont pas reconnues par le règlement relatif à la taxonomie ne sont pas nécessairement nuisibles à l'environnement ou non durables. En outre, toutes les activités qui peuvent apporter une contribution substantielle aux objectifs environnementaux et sociaux ne font pas encore partie du règlement sur la taxonomie.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
La part minimale des investissements dans les activités transitoires et habilitantes au sens du règlement sur la taxonomie est de 0% dans les activités transitoires et de 0% dans les activités habilitantes.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 7 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
Non applicable
9

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice FTSE EPRA Nareit Developed Europe ex UK Green EU CTB (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence, car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris ses fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.
10

#### Comment	l'alignement	de	la	stratégie	d'investissement	sur	la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.ftserussell.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Identifiant de l'entité juridique :
213800SOFM4N26V8CQ84
Nom du produit : 
BNP PARIBAS EASY FTSE EPRA NAREIT GLOBAL DEVELOPED GREEN CTB

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 40 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
ou non sur la

### Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui font preuve de pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
Le produit financier vise à améliorer son profil ESG par rapport à son univers d'investissement.
La performance ESG d'un émetteur est évaluée en fonction d'une combinaison de facteurs environnementaux, sociaux et de gouvernance qui incluent, sans s'y limiter, les éléments suivants :

##### 1
- Environnementaux : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

Les critères d'exclusion sont appliqués en ce qui concerne les émetteurs qui violent les normes et conventions internationales, ou qui opèrent dans des secteurs sensibles tels que définis par les fournisseurs de données externes.
En outre, le gestionnaire d'investissement promeut de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice FTSE EPRA Nareit Developed Green EU CTB (NTR) Index a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du référentiel :
- Le pourcentage du portefeuille du produit financier conforme aux critères d'actions éligibles du benchmark de référence en tenant compte des politiques sectorielles et controversées ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- L'empreinte carbone moyenne du portefeuille du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement, tel que défini dans le Prospectus ;
- Le pourcentage du portefeuille du produit financier investi dans des " investissements durables " tels que définis à l'article 2 (17) du RGPD.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables réalisés par le produit financier sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;


##### 2
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
La proportion d'investissements du produit financier réalisés dans des activités économiques et qui sont qualifiés d'investissements durables en vertu de la SFDR peut contribuer aux objectifs environnementaux tels que définis dans le règlement sur la taxonomie : l'atténuation du changement climatique, l'adaptation au changement climatique, l'utilisation durable et la protection des ressources en eau et des ressources marines, la transition vers une économie circulaire, la prévention et le contrôle de la pollution, la protection et/ou la restauration de la biodiversité et des écosystèmes. La mesure dans laquelle les investissements durables ayant un objectif environnemental sont alignés sur la taxonomie de l'UE sera divulguée dans le rapport annuel du produit financier.
De plus amples informations sur la méthodologie interne sont disponibles sur le site web du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).

##### 3
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse

##### 4
interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Afin que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le Fonds est un fonds à gestion passive indicielle.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le Fonds cherche à répliquer (avec une erreur de suivi* maximale de 1 %) la performance de l'indice FTSE EPRA Nareit Developed Green EU CTB (NTR) (Bloomberg : indice FENGRECN) ("l'indice") en investissant dans les actions émises par les sociétés incluses dans l'indice, en respectant les pondérations de l'indice (réplication complète).
L'indice est composé de sociétés immobilières et de REITS cotés à l'échelle mondiale dans les régions suivantes : Amérique du Nord, Europe développée, Japon et Asie-Pacifique développée hors Japon, présentant des métriques de durabilité solides, basées sur trois considérations d'investissement durable : La certification des bâtiments verts, l'utilisation de l'énergie et les données sur les émissions de carbone, tout en visant à respecter les objectifs du Climate Transition Benchmark (CTB), à savoir réduire l'intensité carbone d'au moins 30 % par rapport à l'univers d'investissement initial et atteindre un objectif de décarbonisation supplémentaire d'au moins 7 % chaque année, tel que défini dans le cadre du règlement européen sur les indices de référence. Par conséquent, les entreprises sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies sont exclues de l'indice.
Le type d'approche mis en Úuvre ici est thématique (l'Indice est composé d'entreprises qui fournissent des produits et services apportant des solutions concrètes à des défis environnementaux et/ou sociaux spécifiques, cherchant à bénéficier de la croissance future anticipée dans ces domaines tout en apportant du capital à la transition vers une économie sobre en carbone et inclusive). La stratégie extra- financière de l'indice peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'indice. Des informations complémentaires sur l'indice, sa composition, son calcul et les règles de suivi et de rééquilibrage périodique, ainsi que des informations sur la méthodologie générale commune à tous les indices FTSE Russell, sont disponibles sur le site www.ftserussell.com.
*L'écart de suivi est un indicateur de risque qui mesure dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'éligibilité des actions en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées,...), car ces entreprises sont réputées violer les normes internationales ou causer des dommages inacceptables à la société et/ou à l'environnement.
- Le produit financier doit avoir au moins 90% de sa stratégie d'investissement en titres sous- jacents couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille inférieure d'au moins 30% à l'empreinte carbone moyenne pondérée de son univers d'investissement, tel que défini dans le Prospectus.
- Le produit financier doit atteindre un objectif annuel de décarbonisation d'au moins 7 %.
- Le produit financier doit investir au moins 40% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci-dessus " Quels sont les objectifs des investissements durables que le produit financier entend


##### 6
partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.
Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
Le produit financier ne s'engage pas sur un taux minimum de réduction du périmètre des investissements avant l'application de sa stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG du benchmark de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices FTSE, sont disponibles sur www.ftserussell.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes par le calcul de la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 40%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces

##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.

investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
La mesure dans laquelle les investissements durables ayant un objectif environnemental sont alignés sur la Taxonomie de l'UE et qui contribuent aux objectifs environnementaux atténuation du changement climatique, adaptation au changement climatique, utilisation durable et protection des ressources en eau et des ressources marines, transition vers une économie circulaire, prévention et contrôle de la pollution et/ou protection et restauration de la biodiversité et des écosystèmes sont divulgués dans les deux graphiques ci-dessous.
Le gestionnaire d'investissement améliore sa collecte de données d'alignement sur la Taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité dans la Taxonomie. D'autres mises à jour ultérieures du prospectus et des engagements d'alignement sur la Taxonomie seront effectuées en conséquence.

##### 8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les activités économiques qui ne sont pas reconnues par le règlement relatif à la taxonomie ne sont pas nécessairement nuisibles à l'environnement ou non durables. En outre, toutes les activités qui peuvent apporter une contribution substantielle aux objectifs environnementaux et sociaux ne font pas encore partie du règlement sur la taxonomie.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
La part minimale des investissements dans les activités transitoires et habilitantes au sens du règlement sur la taxonomie est de 0% dans les activités transitoires et de 0% dans les activités habilitantes.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 12 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
Non applicable
9

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice FTSE EPRA Nareit Developed Green EU CTB (NTR) Index a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence, car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris ses fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.
10

#### Comment	l'alignement	de	la	stratégie	d'investissement	sur	la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.ftserussell.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la
Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Identifiant de l'entité juridique :
2138001R57QT53OEIE75
Nom du produit : 
BNP PARIBAS EASY JPM ESG EMBI GLOBAL DIVERSIFIED

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES
Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
Il fera un minimum d'investissements durables avec un objectif environnemental : 
%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
La stratégie d'investissement sélectionne et alloue l'exposition aux émetteurs souverains et quasi- souverains en fonction de leur performance sur les piliers environnementaux, sociaux et de gouvernance. La performance ESG de chaque pays est évaluée à l'aide d'une méthodologie souveraine tierce qui implique l'évaluation d'un pays en fonction d'une combinaison de facteurs environnementaux, sociaux et de gouvernance, qui incluent, sans s'y limiter, les éléments suivants :
- Environnement : atténuation du climat, biodiversité, efficacité énergétique, ressources terrestres, pollution ;
- Social : conditions de vie, inégalités économiques, éducation, emploi, infrastructures de santé, capital humain ;


##### 1
- Gouvernance : réglementation des affaires, corruption, vie démocratique, stabilité politique, sécurité.

Le gestionnaire d'investissement applique également le cadre des pays sensibles du groupe BNP Paribas, qui comprend des mesures restrictives sur certains pays et/ou activités considérés comme particulièrement exposés aux risques liés au blanchiment d'argent et au financement du terrorisme.
Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
L'indice composite mondial diversifié JPM ESG EMBI a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer la réalisation des caractéristiques environnementales et sociales promues par le produit financier :
- Le pourcentage du portefeuille du produit financier couvert par l'analyse ESG basée sur la méthodologie ESG tierce partie utilisée par le fournisseur d'indices ;
- Le score ESG moyen pondéré du portefeuille du produit financier par rapport au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus ;


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Le produit financier n'a pas pour but de réaliser un investissement durable.

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Le produit financier n'a pas pour but de réaliser un investissement durable.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Non applicable
.
Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :

##### 2
Non applicable.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Oui, le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Pour que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les divulgations de l'indice de référence et/ou du fournisseur de l'indice sont utilisées .
Le cadre politique global permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- Analyse du processus d'exclusion intégré de la stratégie d'investissement en relation avec les violations sociales et les droits de l'homme, les normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement.
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement.
- Engagement avec les décideurs politiques.

Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration de BNPP AM SFDR : intégration du risque dedurabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière
Le
produit cherche à répliquer (avec une erreur de suivi* maximale de 1 %) la performance du JPM ESG EMBI Global Diversified Composite (TR) (l'indice ) en investissant dans des titres de créance émis par des pays inclus dans l'indice, en respectant les pondérations de l'indice (réplication complète), ou dans un échantillon de titres de créance émis par des pays inclus dans l'indice (réplication optimisée). En

##### 3
cas d'investissement dans un échantillon de titres de créance, l'écart de suivi du Fonds peut être plus élevé. L'indice est composé de titres de créance des marchés émergents dotés d'une méthodologie de notation et de sélection environnementale, sociale et de gouvernance (ESG) (comme les conventions environnementales, les conventions sur les droits du travail, les droits de l'homme, etc.) afin de pencher vers les émetteurs les mieux classés selon les critères ESG, et de sous-pondérer ou d'éliminer les émetteurs moins bien classés. Par conséquent, les émetteurs ayant violé de manière significative les principes du Pacte Mondial des Nations Unies et ceux impliqués dans de graves controverses liées aux critères ESG sont exclus de l'indice. Le type d'approche mis en Úuvre ici est le Best-effort (un type de sélection ESG consistant à donner la priorité aux émetteurs démontrant une amélioration ou de bonnes perspectives de leurs pratiques et performances ESG dans le temps). La stratégie extra-financière de l'indice peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'indice. De plus amples informations sur l'indice, sa composition, son calcul et les règles de suivi et de rééquilibrage périodique, ainsi que des informations sur la méthodologie générale commune à tous les indices ESG de J.P Morgan, sont disponibles sur le site www.jpmorgan.com.
*L'écart de suivi est un indicateur de risque qui mesure dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- La méthodologie tierce utilisée par le fournisseur de l'indice est appliquée pour faire pencher les émetteurs mieux classés selon les critères ESG et pour sous-pondérer ou éliminer les émetteurs moins bien classés.
- La stratégie d'investissement en produits financiers exclut de l'indice les émetteurs classés dans la bande 5. Les scores de la méthodologie ESG du fournisseur de l'indice sont divisés en cinq bandes, la bande 1 ayant le score ESG le plus élevé et la bande 5 le score ESG le plus faible,
- La stratégie d'investissement en produits financiers doit avoir au moins 90 % des émetteurs sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indices.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements stratégiques, si un émetteur est considéré comme ne remplissant plus un critère ESG, il peut être exclu uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
Le produit financier ne s'engage pas sur un taux minimum de réduction du périmètre des investissements avant l'application de sa stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?

##### 4
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.

Non applicable.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes à travers le calcul de la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 18%. Pour éviter toute ambiguïté, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 0 %.
La part restante des investissements peut comprendre :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- les instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment les espèces, les dépôts et les produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- Le cadre des pays sensibles du groupe BNP Paribas, qui comprend des mesures restrictives sur certains pays et/ou activités considérés comme particulièrement exposés aux risques liés au blanchiment d'argent et au financement du terrorisme.

5
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.

#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie de l'UE.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
Non applicable.

### Quelle est la part minimale d'investissements socialement durables ?
Non applicable.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?

##### 6
Les référentiels sont des indices permettant de mesurer si le produit financier atteint les caractéristiques environnementales ou sociales qu'il promeut.
La part restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- les instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment les espèces, les dépôts et les produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- Le cadre des pays sensibles du groupe BNP Paribas, qui comprend des mesures restrictives sur certains pays et/ou activités considérés comme particulièrement exposés aux risques liés au blanchiment d'argent et au financement du terrorisme.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice JPM ESG EMBI Global Diversified Composite (TR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence, car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris ses fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
Le référentiel est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'y a aucune garantie que le filtre ou les critères extra-financiers soient appliqués à tout moment. Par exemple, entre deux remaniements de l'indice, si un émetteur est considéré comme ne remplissant plus un critère ESG, il peut être exclu uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?

##### 7
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs alors qu'un indice de marché large pertinent ne le fait pas.

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.jpmorgan.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 8
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les
Identifiant de l'entité juridique : 213800DHNJL4OZOFAU25

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit : 
BNP PARIBAS EASY JPM ESG EMU GOVERNMENT BOND IG

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
La stratégie d'investissement sélectionne et alloue l'exposition aux émetteurs souverains et quasi- souverains en fonction de leur performance sur les piliers environnementaux, sociaux et de gouvernance. La performance ESG de chaque pays est évaluée à l'aide d'une méthodologie souveraine tierce qui implique l'évaluation d'un pays en fonction d'une combinaison de facteurs environnementaux, sociaux et de gouvernance, qui incluent, sans s'y limiter, les éléments suivants :
- Environnement : atténuation du climat, biodiversité, efficacité énergétique, ressources terrestres, pollution ;
- Social : conditions de vie, inégalités économiques, éducation, emploi, infrastructures de santé, capital humain ;


##### 1
- Gouvernance : réglementation des affaires, corruption, vie démocratique, stabilité politique, sécurité.

Le gestionnaire d'investissement applique également le cadre des pays sensibles du groupe BNP Paribas, qui comprend des mesures restrictives sur certains pays et/ou activités considérés comme particulièrement exposés aux risques liés au blanchiment d'argent et au financement du terrorisme.
Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
L'indice J.P. Morgan ESG EMU Government Bond IG a été désigné comme référence pour atteindre les wcaractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer la réalisation des caractéristiques environnementales et sociales promues par le produit financier :
- Le pourcentage du portefeuille du produit financier couvert par l'analyse ESG basée sur la méthodologie ESG tierce partie utilisée par le fournisseur d'indices ;
- Le score ESG moyen pondéré du portefeuille du produit financier par rapport au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus ;


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Le produit financier n'a pas pour but de réaliser un investissement durable.

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Le produit financier n'a pas pour but de réaliser un investissement durable.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Non applicable
.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Non applicable.
2
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Oui, le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Pour que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les divulgations de l'indice de référence et/ou du fournisseur de l'indice sont utilisées .
Le cadre politique global permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- Analyse du processus d'exclusion intégré de la stratégie d'investissement en relation avec les violations sociales et les droits de l'homme, les normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement.
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement.
- Engagement avec les décideurs politiques.

Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration de BNPP AM SFDR : intégration du risque dedurabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec un écart de suivi* maximum de 1 %) la performance de l'indice J.P. Morgan ESG EMU Government Bond IG (TR) (Bloomberg : indice GBIEIGTR) (" l'indice ") en investissant dans des titres de créance émis par des pays inclus dans l'indice, en respectant les pondérations de l'indice (réplication complète), ou dans un échantillon de titres de créance émis par des pays inclus dans l'indice (réplication optimisée).Lorsqu'il investit dans un échantillon de titres de créance, l'écart de suivi du fonds peut être plus élevé.
Les critères environnementaux, sociaux et de gouvernance (ESG) contribuent à la prise de décision du gestionnaire, mais ne sont pas un facteur déterminant.

##### 3
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés dans le processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- La méthodologie tierce utilisée par le fournisseur de l'indice est appliquée pour faire pencher les émetteurs mieux classés selon les critères ESG et pour sous-pondérer ou éliminer les émetteurs moins bien classés.
- La stratégie d'investissement en produits financiers exclut de l'indice les émetteurs classés dans la bande 5. Les scores de la méthodologie ESG du fournisseur de l'indice sont divisés en cinq bandes, la bande 1 ayant le score ESG le plus élevé et la bande 5 le score ESG le plus faible,Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
- La stratégie d'investissement en produits financiers doit avoir au moins 90 % des émetteurs sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indices.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements stratégiques, si un émetteur est considéré comme ne remplissant plus un critère ESG, il peut être exclu uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
Le produit financier ne s'engage pas sur un taux minimum de réduction du périmètre des investissements avant l'application de sa stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Non applicable.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes à travers le calcul de la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50%. Pour éviter toute ambiguïté, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 0 %.

##### 4
La part restante des investissements peut comprendre :
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- les instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment les espèces, les dépôts et les produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- Le cadre des pays sensibles du groupe BNP Paribas, qui comprend des mesures restrictives sur certains pays et/ou activités considérés comme particulièrement exposés aux risques liés au blanchiment d'argent et au financement du terrorisme.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 5
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
Non applicable.

### Quelle est la part minimale d'investissements socialement durables ?
Non applicable.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La part restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- les instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment les espèces, les dépôts et les produits dérivés.


##### 6
Les référentiels sont des indices permettant de mesurer si le produit financier atteint les caractéristiques environnementales ou sociales qu'il promeut.
Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- Le cadre des pays sensibles du groupe BNP Paribas, qui comprend des mesures restrictives sur certains pays et/ou activités considérés comme particulièrement exposés aux risques liés au blanchiment d'argent et au financement du terrorisme.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice JPM ESG EMU Government Bond IG Index a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence, car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris ses fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
Le référentiel est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'y a aucune garantie que le filtre ou les critères extra-financiers soient appliqués à tout moment. Par exemple, entre deux remaniements de l'indice, si un émetteur est considéré comme ne remplissant plus un critère ESG, il peut être exclu uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs alors qu'un indice de marché large pertinent ne le fait pas.

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.jpmorgan.com.
7

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 8
Identifiant de l'entité juridique : 213800U92XMTNC8S6490
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit : 
BNP PARIBAS EASY JPM ESG EMU GOVERNMENT BOND IG 1-3Y

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES
Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
Il fera un minimum d'investissements durables avec un objectif environnemental : 
%
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
La stratégie d'investissement sélectionne et alloue l'exposition aux émetteurs souverains et quasi- souverains en fonction de leur performance sur les piliers environnementaux, sociaux et de gouvernance. La performance ESG de chaque pays est évaluée à l'aide d'une méthodologie souveraine tierce qui implique l'évaluation d'un pays en fonction d'une combinaison de facteurs environnementaux, sociaux et de gouvernance, qui incluent, sans s'y limiter, les éléments suivants :
- Environnement : atténuation du climat, biodiversité, efficacité énergétique, ressources terrestres, pollution ;
- Social : conditions de vie, inégalités économiques, éducation, emploi, infrastructures de santé, capital humain ;


##### 1
- Gouvernance : réglementation des affaires, corruption, vie démocratique, stabilité politique, sécurité.

Le J.P. Morgan ESG EMU Government Bond IG 1-3 Year a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.
Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer la réalisation des caractéristiques environnementales et sociales promues par le produit financier :
- Le pourcentage du portefeuille du produit financier couvert par l'analyse ESG basée sur la méthodologie ESG tierce partie utilisée par le fournisseur d'indices ;
- Le score ESG moyen pondéré du portefeuille du produit financier par rapport au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus ;


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Le produit financier n'a pas pour but de réaliser un investissement durable.

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Le produit financier n'a pas pour but de réaliser un investissement durable.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Non applicable
.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Non applicable.
2
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Oui, le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Pour que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les divulgations de l'indice de référence et/ou du fournisseur de l'indice sont utilisées .
Le cadre politique global permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- Analyse du processus d'exclusion intégré de la stratégie d'investissement en relation avec les violations sociales et les droits de l'homme, les normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement.
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement.
- Engagement avec les décideurs politiques.

Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration de BNPP AM SFDR : intégration du risque dedurabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
Le produit cherche à répliquer (avec un écart de suivi* maximum de 1 %) la performance de l'indice J.P. Morgan ESG EMU Government Bond IG 1- 3 Year (TR) (Bloomberg : indice GBIEIG13) (" l'indice ") en investissant dans des titres de créance émis par des pays inclus dans l'indice, en respectant les pondérations de l'indice (réplication complète), ou dans un échantillon de titres de créance émis par des pays inclus dans l'indice (réplication optimisée).Lorsque le fonds investit dans un échantillon de titres de créance, l'écart de suivi peut être plus élevé.
Les critères environnementaux, sociaux et de gouvernance (ESG) contribuent à la prise de décision du gestionnaire, mais ne sont pas un facteur déterminant.

##### 3
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés dans le processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- La méthodologie de tierce partie utilisée par le fournisseur de l'indice est appliquée pour faire basculer les émetteurs mieux classés selon les critères ESG et pour sous- pondérer ou éliminer les émetteurs moins bien classés.
- La stratégie d'investissement en produits financiers exclut de l'indice les émetteurs classés dans les bandes 9 et 10. Les scores de la méthodologie ESG du fournisseur de l'indice sont divisés en 10 bandes, où la bande 1 a le score ESG le plus élevé et la bande 10 a le score ESG le plus bas,Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
- La stratégie d'investissement dans les produits financiers doit avoir au moins 90 % des émetteurs sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de la stratégie, si un émetteur est considéré comme ne remplissant plus un critère ESG, il peut être exclu seulement lors du prochain remaniement selon les règles du fournisseur d'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
Le produit financier ne s'engage pas sur un taux minimum de réduction du périmètre des investissements avant l'application de sa stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Non applicable.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes à travers le calcul de la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50%. Pour éviter toute ambiguïté, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 0 %.
La part restante des investissements peut comprendre :

##### 4
es activités lignées sur la xonomie sont xprimées en tant ue part de :
le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte. les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- les instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment les espèces, les dépôts et les produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- Le cadre des pays sensibles du groupe BNP Paribas, qui comprend des mesures restrictives sur certains pays et/ou activités considérés comme particulièrement exposés aux risques liés au blanchiment d'argent et au financement du terrorisme.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 5
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
Non applicable.

### Quelle est la part minimale d'investissements socialement durables ?
Non applicable.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La part restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- les instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment les espèces, les dépôts et les produits dérivés.


##### 6
Les référentiels sont des indices permettant de mesurer si le produit financier atteint les caractéristiques environnementales ou sociales qu'il promeut.
Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- Le cadre des pays sensibles du groupe BNP Paribas, qui comprend des mesures restrictives sur certains pays et/ou activités considérés comme particulièrement exposés aux risques liés au blanchiment d'argent et au financement du terrorisme.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice J.P. Morgan ESG EMU Government Bond IG 1- 3 Year (TR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence, car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris ses fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
Le référentiel est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'y a aucune garantie que le filtre ou les critères extra-financiers soient appliqués à tout moment. Par exemple, entre deux remaniements de l'indice, si un émetteur est considéré comme ne remplissant plus un critère ESG, il peut être exclu uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs alors qu'un indice de marché large pertinent ne le fait pas.

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.jpmorgan.com.
7

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 8
Identifiant de l'entité juridique : 213800ITHX491XRCNA46
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit : 
BNP PARIBAS EASY JPM ESG EMU GOVERNMENT BOND IG 3-5Y

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la Taxonomie.

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
La stratégie d'investissement sélectionne et alloue l'exposition aux émetteurs souverains en fonction de leur performance à travers les piliers environnementaux, sociaux et de gouvernance. La performance ESG de chaque pays est évaluée à l'aide d'une méthodologie souveraine tierce qui implique l'évaluation d'un pays par rapport à une combinaison de facteurs environnementaux, sociaux et de gouvernance, qui incluent, mais ne sont pas limités à :
Environnemental : atténuation du climat, biodiversité, efficacité énergétique, ressources terrestres, pollution ;
Social : conditions de vie, inégalités économiques, éducation, emploi, infrastructures de santé, capital humain ;

##### 1
Gouvernance : réglementation des affaires, corruption, vie démocratique, stabilité politique, sécurité.
Le gestionnaire applique également le cadre des pays sensibles du groupe BNP Paribas, qui prévoit des mesures restrictives sur certains pays et/ou activités considérés comme particulièrement exposés aux risques liés au blanchiment d'argent et au financement du terrorisme.
Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
Le J.P. Morgan ESG EMU Government Bond IG 3-5 Year a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer la réalisation des caractéristiques environnementales et sociales promues par le produit financier :
- Le pourcentage du portefeuille du produit financier couvert par l'analyse ESG basée sur la méthodologie ESG tierce partie utilisée par le fournisseur d'indices ;
- Le score ESG moyen pondéré du portefeuille du produit financier par rapport au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus ;


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Le produit financier n'a pas pour but de réaliser un investissement durable.

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Le produit financier n'a pas pour but de réaliser un investissement durable.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Non applicable
.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Non applicable.
2
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Oui, le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Pour que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les divulgations de l'indice de référence et/ou du fournisseur de l'indice sont utilisées .
Le cadre politique global permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- Analyse du processus d'exclusion intégré de la stratégie d'investissement en relation avec les violations sociales et les droits de l'homme, les normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement.
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement.
- Engagement avec les décideurs politiques.

Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration de BNPP AM SFDR : intégration du risque dedurabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Non

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
Le produit cherche à répliquer (avec un écart de suivi* maximum de 1 %) la performance de l'indice J.P. Morgan ESG EMU Government Bond IG 3- 5 Year (TR) (Bloomberg : indice GBIEIG35) (" l'indice ") en investissant dans des titres de créance émis par des pays inclus dans l'indice, en respectant les pondérations de l'indice (réplication complète), ou dans un échantillon de titres de créance émis par des pays inclus dans l'indice (réplication optimisée).Lorsque le fonds investit dans un échantillon de titres de créance, l'écart de suivi peut être plus élevé.

##### 3
Les critères environnementaux, sociaux et de gouvernance (ESG) contribuent à la prise de décision du gestionnaire, mais ne sont pas un facteur déterminant.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés dans le processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- La méthodologie de tierce partie utilisée par le fournisseur de l'indice est appliquée pour faire basculer les émetteurs mieux classés selon les critères ESG et pour sous- pondérer ou éliminer les émetteurs moins bien classés.

Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
- La stratégie d'investissement en produits financiers exclut de l'indice les émetteurs classés dans les bandes 9 et 10. Les scores de la méthodologie ESG du fournisseur de l'indice sont divisés en 10 bandes, où la bande 1 a le score ESG le plus élevé et la bande 10 a le score ESG le plus bas,
- La stratégie d'investissement dans les produits financiers doit avoir au moins 90 % des émetteurs sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de la stratégie, si un émetteur est considéré comme ne remplissant plus un critère ESG, il peut être exclu seulement lors du prochain remaniement selon les règles du fournisseur d'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
Le produit financier ne s'engage pas sur un taux minimum de réduction du périmètre des investissements avant l'application de sa stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Non applicable.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes à travers le calcul de la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50%. Pour éviter toute ambiguïté, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 0 %.

##### 4
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.

La part restante des investissements peut comprendre :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- les instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment les espèces, les dépôts et les produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- Le cadre des pays sensibles du groupe BNP Paribas, qui comprend des mesures restrictives sur certains pays et/ou activités considérés comme particulièrement exposés aux risques liés au blanchiment d'argent et au financement du terrorisme.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 5
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
Non applicable.

### Quelle est la part minimale d'investissements socialement durables ?
Non applicable.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La part restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- les instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment les espèces, les dépôts et les produits dérivés.


##### 6
Les référentiels sont des indices permettant de mesurer si le produit financier atteint les caractéristiques environnementales ou sociales qu'il promeut.
Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- Le cadre des pays sensibles du groupe BNP Paribas, qui comprend des mesures restrictives sur certains pays et/ou activités considérés comme particulièrement exposés aux risques liés au blanchiment d'argent et au financement du terrorisme.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice J.P. Morgan ESG EMU Government Bond IG 3- 5 Year (TR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence, car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris ses fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
Le référentiel est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'y a aucune garantie que le filtre ou les critères extra-financiers soient appliqués à tout moment. Par exemple, entre deux remaniements de l'indice, si un émetteur est considéré comme ne remplissant plus un critère ESG, il peut être exclu uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs alors qu'un indice de marché large pertinent ne le fait pas.

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.jpmorgan.com.
7

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 8
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit 
BNP PARIBAS EASY LOW CARBON 100 EUROPE PAB	
Identifiant de l'entité juridique :
213800M1ABPQNKHTHJ07

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 55 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Taxonomie.

### Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais
- Un screening négatif appliquant des critères d'exclusion. Ceci s'applique aux émetteurs ayant un profil ESG médiocre et aux émetteurs qui violent systématiquement le Pacte Mondial des Nations Unies.


##### 1
- Une sélection positive utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Environnementale : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

En outre, le gestionnaire d'investissement promeut de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant ses droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice Euronext Low Carbon 100 Europe PAB (NTR) a été désigné comme référence afin d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer la réalisation des caractéristiques environnementales et sociales promues par le produit financier :
- Le pourcentage de l'exposition économique du produit financier conforme à la politique de RBC ;
- Le pourcentage de l'exposition économique du produit financier couvert par l'analyse ESG basée sur une méthodologie externe et/ou propriétaire(s) ESG ;
- Le pourcentage minimum de l'exposition économique du produit financier dans la réduction de l'univers d'investissement en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou de tout autre critère financier supplémentaire ;
- L'empreinte carbone moyenne de l'exposition économique du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement ;
- Le pourcentage de l'exposition économique du produit financier dans les "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;


##### 2
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que tout au long de son processus d'investissement, les investissements durables du produit financier prennent en compte les principaux indicateurs d'impact négatif en analysant au sein du processus d'investissement ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie Globale de Développement Durable (SGD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements


##### 3
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Afin que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une tracking error* maximale de 1%) la performance de l'indice Euronext Low Carbon 100 Europe PAB (NTR) (l'indice) en investissant dans des actions émises par des sociétés incluses dans l'indice, en respectant les pondérations de l'indice (réplication complète), ou dans un échantillon d'actions émises par des sociétés incluses dans l'indice (réplication optimisée).
En cas d'investissement dans un échantillon d'actions, l'écart de suivi du produit peut être plus élevé.
L'indice est composé de sociétés européennes sélectionnées sur la base des opportunités et des risques
liés à la transition climatique tout en visant à respecter les objectifs du Paris Aligned Benchmark (PAB), à savoir réduire l'intensité carbone d'au moins 50 % par rapport à l'univers d'investissement initial et atteindre un objectif de décarbonisation supplémentaire de 7 % chaque année. Par conséquent, les activités liées aux combustibles fossiles sont exclues de l'indice.
Le type d'approche mis en Úuvre ici est Best-in-class (l'approche Best-in-class identifie les leaders de chaque secteur sur la base des meilleures pratiques environnementales, sociales et de gouvernance (ESG), tout en évitant ceux qui présentent des niveaux de risque élevés et ne respectent pas les normes ESG minimales selon l'administrateur de l'indice et ses partenaires spécialisés). La stratégie extra- financière de l'indice peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'indice. De plus amples informations sur l'indice, sa composition, son calcul, sa méthodologie et les règles de suivi et de rééquilibrage périodique sont disponibles sur www.euronext.com.
*L'écart de suivi est un indicateur de risque qui mesure la proximité d'un fonds avec la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'éligibilité des actions en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées,...), car ces entreprises sont réputées violer les normes internationales ou causer des dommages inacceptables à la société et/ou à l'environnement.
- Le produit financier doit avoir au moins 90% de sa stratégie d'investissement en titres sous-jacents couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le Prospectus, doit être réduit d'au moins 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra-financiers.
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille inférieure d'au moins 50% à l'empreinte carbone moyenne pondérée de son univers d'investissement.
- Le produit financier doit atteindre un objectif annuel de décarbonisation d'au moins 7%.
- Le produit financier doit investir au moins 55% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier


##### 6
un investissement d'" investissement durable " sont indiqués dans la question ci- dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.
Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'indice exclut au moins 20% des titres de son univers d'investissement (approche de "sélectivité") après l'application de cette stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG du référentiel évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices Euronext sont disponibles sur www.euronext.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes par le calcul de la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 55%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 55%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :

##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 7 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 18 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.


##### 9
Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice Euronext Low Carbon 100 Europe PAB (NTR) Index a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
10

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.euronext.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit 
BNP PARIBAS EASY LOW CARBON 100 EUROZONE PAB	
Identifiant de l'entité juridique :
213800OTZIO361KCCP31

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 45 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais
- Un screening négatif appliquant des critères d'exclusion. Ceci s'applique aux émetteurs ayant un profil ESG médiocre et aux émetteurs qui violent systématiquement le Pacte Mondial des Nations Unies.


##### 1
- Une sélection positive utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Environnementale : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

En outre, le gestionnaire d'investissement promeut de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant ses droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice Euronext Low Carbon 100 Europe PAB (NTR) a été désigné comme référence afin d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer la réalisation des caractéristiques environnementales et sociales promues par le produit financier :
- Le pourcentage de l'exposition économique du produit financier conforme à la politique de RBC ;
- Le pourcentage de l'exposition économique du produit financier couvert par l'analyse ESG basée sur une méthodologie externe et/ou propriétaire(s) ESG ;
- Le pourcentage minimum de l'exposition économique du produit financier dans la réduction de l'univers d'investissement en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou de tout autre critère financier supplémentaire ;
- L'empreinte carbone moyenne de l'exposition économique du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement ;
- Le pourcentage de l'exposition économique du produit financier dans les "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :

##### 2
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que tout au long de son processus d'investissement, les investissements durables du produit financier prennent en compte les principaux indicateurs d'impact négatif en analysant au sein du processus d'investissement ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie Globale de Développement Durable (SGD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :

##### 3
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Afin que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec un écart de suivi* maximum de 1 %) la performance de l'indice Euronext Low Carbon 100 Eurozone PAB (NTR) (l'indice) en investissant dans des actions émises par des sociétés incluses dans l'indice, en respectant les pondérations de l'indice (réplication complète), ou dans un échantillon d'actions émises par des sociétés incluses dans l'indice (réplication optimisée).
En cas d'investissement dans un échantillon d'actions, l'écart de suivi du produit peut être plus élevé.
L'indice est composé de sociétés de la zone euro sélectionnées sur la base des opportunités et des risques liés à la transition climatique tout en visant à respecter les objectifs du Paris Aligned Benchmark (PAB), à savoir réduire l'intensité carbone d'au moins 50 % par rapport à l'univers d'investissement initial et atteindre un objectif de décarbonisation supplémentaire de 7 % chaque année. Par conséquent, les activités liées aux combustibles fossiles sont exclues de l'indice.
Le type d'approche mis en Úuvre ici est Best-in-class (l'approche Best-in-class identifie les leaders de chaque secteur sur la base des meilleures pratiques environnementales, sociales et de gouvernance (ESG), tout en évitant ceux qui présentent des niveaux de risque élevés et ne respectent pas les normes ESG minimales selon l'administrateur de l'indice et ses partenaires spécialisés). La stratégie extra- financière de l'indice peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'indice.
Des informations complémentaires sur l'indice, sa composition, son calcul, sa méthodologie et les règles de suivi et de rééquilibrage périodiques sont disponibles sur www.euronext.com.
*L'écart de suivi est un indicateur de risque qui mesure la proximité d'un fonds avec la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'éligibilité des actions en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées,...), car ces entreprises sont réputées violer les normes internationales ou causer des dommages inacceptables à la société et/ou à l'environnement.
- Le produit financier doit avoir au moins 90% de sa stratégie d'investissement en titres sous-jacents couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le Prospectus, doit être réduit d'au moins 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra-financiers.
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille inférieure d'au moins 50% à l'empreinte carbone moyenne pondérée de son univers d'investissement.
- Le produit financier doit atteindre un objectif annuel de décarbonisation d'au moins 7%.


##### 6
- Le produit financier doit investir au moins 45% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci- dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'indice exclut au moins 20% des titres de son univers d'investissement (approche de "sélectivité") après l'application de cette stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG du référentiel évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices Euronext sont disponibles sur www.euronext.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes par le calcul de la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 45%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.


##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie de l'UE.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 8 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 13 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.


##### 9
Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice Euronext Low Carbon 100 Europe PAB (NTR) Index a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
10

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.euronext.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les entreprises

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit 
BNP PARIBAS EASY LOW CARBON 300 WORLD PAB	
Identifiant de l'entité juridique :
213800HM939AKXDN8R07

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 40 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais
- Un screening négatif appliquant des critères d'exclusion. Ceci s'applique aux émetteurs ayant un profil ESG médiocre et aux émetteurs qui violent systématiquement le Pacte Mondial des Nations Unies.


##### 1
- Une sélection positive utilisant une approche de sélectivité. Cela implique l'évaluation de la performance environnementale, sociale et de gouvernance (ESG) d'un émetteur par rapport à une combinaison de facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Environnementale : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

En outre, le gestionnaire d'investissement promeut de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant ses droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice Euronext Low Carbon 300 World PAB (NTR) a été désigné comme référence afin d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer la réalisation des caractéristiques environnementales et sociales promues par le produit financier :
- Le pourcentage de l'exposition économique du produit financier conforme à la politique de RBC ;
- Le pourcentage de l'exposition économique du produit financier couvert par l'analyse ESG basée sur une méthodologie externe et/ou propriétaire(s) ESG ;
- Le pourcentage minimum de l'exposition économique du produit financier dans la réduction de l'univers d'investissement en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles conformément à la politique de RBC et/ou de tout autre critère financier supplémentaire ;
- L'empreinte carbone moyenne de l'exposition économique du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement ;
- Le pourcentage de l'exposition économique du produit financier dans les "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :

##### 2
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que tout au long de son processus d'investissement, les investissements durables du produit financier prennent en compte les principaux indicateurs d'impact négatif en analysant au sein du processus d'investissement ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie Globale de Développement Durable (SGD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :

##### 3
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Afin que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds à gestion passive indicielle.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une tracking error* maximale de 1%) la performance de l'indice Euronext Low Carbon 300 World PAB (NTR) (l' " Indice ") en investissant dans des actions émises par des sociétés incluses dans l'Indice de Référence, en respectant les pondérations de l'Indice (réplication complète), ou dans un échantillon d'actions émises par des sociétés incluses dans l'indice (réplication optimisée).
En cas d'investissement dans un échantillon d'actions, l'écart de suivi du produit peut être plus élevé.
L'indice est composé de sociétés internationales sélectionnées sur la base des opportunités et des risques liés à la transition climatique tout en visant à respecter les objectifs du Paris Aligned Benchmark (PAB), à savoir réduire l'intensité carbone d'au moins 50 % par rapport à l'univers d'investissement initial et atteindre un objectif de décarbonisation supplémentaire de 7 % chaque année. Par conséquent, les activités liées aux combustibles fossiles sont exclues de l'indice.
Le type d'approche mis en Úuvre ici est Best-in-class (l'approche Best-in-class identifie les leaders de chaque secteur sur la base des meilleures pratiques environnementales, sociales et de gouvernance (ESG), tout en évitant ceux qui présentent des niveaux de risque élevés et ne respectent pas les normes ESG minimales selon l'administrateur de l'indice et ses partenaires spécialisés). La stratégie extra- financière de l'indice peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'indice.
De plus amples informations sur l'indice, sa composition, son calcul, sa méthodologie et les règles de suivi et de rééquilibrage périodique sont disponibles sur www.euronext.com.
*L'écart de suivi est un indicateur de risque qui mesure la proximité d'un fonds avec la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'éligibilité des actions en excluant les entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que les entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées,...), car ces entreprises sont réputées violer les normes internationales ou causer des dommages inacceptables à la société et/ou à l'environnement.
- Le produit financier doit avoir au moins 90% de sa stratégie d'investissement en titres sous-jacents couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le Prospectus, doit être réduit d'au moins 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra-financiers.
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille inférieure d'au moins 50% à l'empreinte carbone moyenne pondérée de son univers d'investissement.
- Le produit financier doit atteindre un objectif annuel de décarbonisation d'au moins 7%.


##### 6
- Le produit financier doit investir au moins 40% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci- dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'indice exclut au moins 20% des titres de son univers d'investissement (approche de "sélectivité") après l'application de cette stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG du référentiel évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices Euronext sont disponibles sur www.euronext.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes par le calcul de la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 40%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.


##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie de l'UE.
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 7 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 14 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.


##### 9
Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice Euronext Low Carbon 300 World PAB (NTR) Index a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
10

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.euronext.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Identifiant de l'entité juridique :
213800KHB16W2AA8LP59
Nom du produit : 
BNP PARIBAS EASY MSCI CHINA SELECT SRI S-SERIES 10%

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
objectif environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 15 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui font preuve de pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
Le produit financier vise à améliorer son profil ESG par rapport à son univers d'investissement.
La performance ESG d'un émetteur est évaluée en fonction d'une combinaison de facteurs environnementaux, sociaux et de gouvernance qui incluent, sans s'y limiter, les éléments suivants :

##### 1
- Environnementaux : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

Les critères d'exclusion sont appliqués en ce qui concerne les émetteurs qui violent les normes et conventions internationales, ou qui opèrent dans des secteurs sensibles tels que définis par les fournisseurs de données externes.
En outre, le gestionnaire d'investissement promeut de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice MSCI China SRI S-Series PAB 10% Capped (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du référentiel :
- Le pourcentage du portefeuille du produit financier conforme aux critères d'exclusion de l'implication des entreprises et des controverses du référentiel ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- Le score ESG moyen pondéré du portefeuille du produit financier par rapport au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus;
- Le pourcentage du portefeuille du produit financier investi dans des " investissements durables " tels que définis à l'article 2 (17) du RGPD.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables réalisés par le produit financier sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;


##### 2
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité


##### 3
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Oui, le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Afin que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec un écart de suivi maximal* de 1 %) la performance de l'indice MSCI China Select SRI S-Series 10 % Capped (NTR) (l'indice) en investissant dans des actions émises par des sociétés incluses dans l'indice, en respectant les pondérations de l'indice (réplication complète) ou dans un échantillon d'actions émises par des sociétés incluses dans l'indice (réplication optimisée). Il investira jusqu'à 40 % de ses actifs dans des actions A de Chine continentale via le Stock Connect.
En cas d'investissement dans un échantillon d'actions, l'écart de suivi du produit peut être plus élevé.
L'indice est composé de sociétés chinoises sélectionnées sur la base d'une notation ESG (Environmental, Social and Corporate Governance) minimale (opportunité environnementale, pollution et déchets, capital humain, gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels, avec un plafond qui limite le poids maximal d'une société au sein de l'indice à 10 % à chaque date de rééquilibrage. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice. Le type d'approche utilisé ici est l'approche Best-in-class (l'approche Best-in-class identifie les leaders de chaque secteur sur la base des meilleures pratiques ESG, tout en évitant les entreprises qui ne respectent pas les principes ESG).
pratiques ESG, tout en évitant celles qui présentent des niveaux de risque élevés et ne respectent pas les normes ESG minimales selon l'administrateur de l'indice et ses partenaires spécialisés). La stratégie extra-financière de l'Indice peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice. De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices MSCI sont disponibles sur www.msci.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'exclusion de l'implication dans les affaires et des controverses de l'indice de référence.
- Le produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- Le produit financier vise à inclure les titres ayant les meilleures notations ESG représentant 25% de la capitalisation boursière dans chaque secteur et région de l'univers d'investissement tel que défini dans le Prospectus ;
- Le produit financier investit au moins 15 % dans des " investissements durables " tels que définis à l'article 2 (17) du RGPD et tels qu'indiqués dans la répartition des actifs ci-dessous. Les critères permettant de qualifier un investissement d'"investissement durable" sont indiqués dans la question ci-dessus "Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ?" et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.


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Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
Le produit financier ne s'engage pas sur un taux minimum de réduction du périmètre des investissements avant l'application de sa stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices MSCI, sont disponibles sur www.msci.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes par le calcul de la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 15%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier


##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.

qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.

#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.
8
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 4 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 1 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 9
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice MSCI China Select SRI S-Series 10% Capped (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence, car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris ses fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
10

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.msci.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Identifiant de l'entité juridique :
213800ZQJJHQ72L24B74
Nom du produit : 
BNP PARIBAS EASY MSCI EMERGING ESG FILTERED MIN TE

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 15 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais de :
Un screening positif utilisant une approche de sélectivité. Cela implique l'évaluation de la performance ESG d'un émetteur par rapport à une combinaison de facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :

##### 1
- Environnementaux : efficacité énergétique, réduction des émissions de gaz à effet de serre, traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

Une sélection négative appliquant des critères d'exclusion à l'égard des émetteurs qui violent les normes et conventions internationales, telles que les principes du Pacte mondial des Nations unies, ou qui opèrent dans des secteurs sensibles tels que définis par des fournisseurs de données externes.
En outre, le gestionnaire d'investissement favorise de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
Dans la réplication synthétique, l'engagement avec les émetteurs et l'exercice des droits de vote, le cas échéant, ne sont appliqués que pour les titres sous-jacents du panier de substitution.
L'indice MSCI Emerging ESG Filtered Min TE (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du référentiel :
- Le pourcentage de l'exposition économique du produit financier conforme aux critères d'exclusion de l'implication des entreprises du référentiel ;
- Le pourcentage de l'exposition économique du produit financier couvert par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- Le pourcentage minimum de l'exposition économique du produit financier dans la réduction de l'univers d'investissement en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles et/ou de tout autre critère financier supplémentaire ;
- Le pourcentage de l'exposition économique du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, les investissements durables auxquels le produit financier est exposé et décrits ci-dessous sont ceux des titres sous-jacents des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns

##### 2
des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :

##### 3
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Oui, le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Pour que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les divulgations de l'indice de référence et/ou du fournisseur de l'indice sont utilisées .
Le cadre politique global permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- Analyse du processus d'exclusion intégré de la stratégie d'investissement en relation avec les violations sociales et les droits de l'homme, les normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement.
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement.
- Engagement avec les décideurs politiques.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement avec les émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une tracking error* maximale de 1%) la performance de l'indice MSCI Emerging ESG Filtered Min TE (NTR) (indice Bloomberg : MXEMEFMT) (l'indice) en investissant dans un panier de substitution, composé, entre autres, d'actions de sociétés, de titres de créance ou de liquidités (réplication synthétique).
En investissant dans un panier de titres appelé panier de substitution, la performance est échangée avec la performance de l'indice, ce qui génère un risque de contrepartie.
L'indice est composé de sociétés des marchés émergents sélectionnées sur la base de critères environnementaux, sociaux et de gouvernance d'entreprise (ESG) (tels que l'opportunité environnementale, la pollution et les déchets, le capital humain, la gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels, tout en minimisant l'écart de suivi par rapport à l'indice parent, l'indice MSCI Emerging Markets. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice. Le type d'approche utilisé ici est le Best-in-universe (type de sélection ESG consistant à donner la priorité aux émetteurs les mieux notés d'un point de vue extra-financier quel que soit leur secteur d'activité, et à accepter des biais sectoriels, car les secteurs considérés comme plus vertueux dans l'ensemble seront plus fortement représentés). La stratégie extra-financière de l'Indice, réalisée à chaque étape du processus d'investissement, peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices MSCI sont disponibles sur www.msci.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- La stratégie d'investissement en produits financiers doit respecter les critères d'exclusion de l'implication dans les affaires et des controverses de l'indice de référence.
- La stratégie d'investissement du produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le Prospectus, sera réduit d'au moins 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra- financiers.
- La stratégie d'investissement en produits financiers doit investir au moins 15% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci-dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements


##### 6
durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.
Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'univers d'investissement d'exposition économique du produit financier est réduit d'un minimum de 20 % en raison de l'exclusion de titres ayant un faible score ESG et/ou un secteur et/ou d'autres critères extra-financiers.
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices MSCI, sont disponibles sur www.msci.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes par le calcul de la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 49%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 15%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou


##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Dans le cadre de la réplication synthétique, des instruments financiers dérivés tels que les Total Return Swaps (TRS) sont utilisés de manière continue pour réaliser la politique d'investissement qui promeut des caractéristiques environnementales ou sociales tout en garantissant que les titres physiquement détenus par le produit financier (le "panier de substitution"), dont la performance est échangée contre la performance de la stratégie d'investissement, respectent des garanties extra-financières minimales.
La réplication synthétique est un cadre dans lequel la contrepartie du SRT couvre sa position et apporte ainsi plus de liquidité à tout ou partie des sous-jacents ESG.
Les instruments financiers dérivés peuvent être utilisés à des fins de gestion efficace du portefeuille et de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.
8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 4 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 11 %.
9

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice MSCI Emerging ESG Filtered Min TE (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence, car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris ses fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.
10

#### Comment	l'alignement	de	la	stratégie	d'investissement	sur	la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.msci.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
Identifiant de l'entité juridique :
213800ZQJJHQ72L24B74
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit : 
BNP PARIBAS EASY MSCI EMERGING ESG FILTERED MIN TE

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 25 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
Le produit financier vise à améliorer son profil ESG par rapport à son univers d'investissement.
La performance ESG d'un émetteur est évaluée en fonction d'une combinaison de facteurs environnementaux, sociaux et de gouvernance qui incluent, sans s'y limiter, les éléments suivants :

##### 1
- Environnementaux : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

Les critères d'exclusion sont appliqués en ce qui concerne les émetteurs qui violent les normes et conventions internationales, ou qui opèrent dans des secteurs sensibles tels que définis par les fournisseurs de données externes.
En outre, le gestionnaire d'investissement favorise de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
Dans la réplication synthétique, l'engagement avec les émetteurs et l'exercice des droits de vote, le cas échéant, ne sont appliqués que pour les titres sous-jacents du panier de substitution.
L'indice MSCI Emerging SRI S-Series PAB 5% Capped (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du référentiel :
- Le pourcentage du portefeuille du produit financier qui respecte les critères d'exclusion de la référence en matière d'implication dans les affaires et de controverses ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- Le score ESG moyen pondéré du portefeuille du produit financier par rapport au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus ;
- L'empreinte carbone moyenne du portefeuille du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement ;
- Le pourcentage du portefeuille du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, les investissements durables auxquels le produit financier est exposé et décrits ci-dessous sont ceux des titres sous-jacents des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères

##### 2
dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Centre de durabilité suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).

##### 3
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse

##### 4
interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Oui, le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Pour que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les divulgations de l'indice de référence et/ou du fournisseur de l'indice sont utilisées .
Le cadre politique global permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- Analyse du processus d'exclusion intégré de la stratégie d'investissement en relation avec les violations sociales et les droits de l'homme, les normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement.
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement.
- Engagement avec les décideurs politiques.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement avec les émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

##### 5
Non

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une tracking error* maximale de 1%) la performance de l'indice MSCI Emerging SRI S-Series PAB 5% Capped (NTR) (Bloomberg : indice M7CXESC) ("l'indice") en investissant dans un panier de substitution, composé, entre autres, d'actions de sociétés, de titres de créance ou de liquidités (réplication synthétique). Lors de l'investissement dans un panier de titres appelé panier de substitution, la performance est échangée avec la performance de l'indice, générant un risque de contrepartie.
Lorsque l'on investit dans un échantillon d'actions, la tracking error du produit peut être plus élevée.
L'indice est composé de sociétés des marchés émergents sélectionnées sur la base d'un minimum de critères environnementaux, sociaux et de gouvernance d'entreprise (ESG) (opportunité environnementale, pollution et déchets, capital humain, gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels. Il met en Úuvre un plafond qui limite le poids maximal d'une entreprise au sein de l'indice à 5 % à chaque date de rééquilibrage. En outre, l'indice vise à respecter les objectifs du Paris Aligned Benchmark (PAB), à savoir réduire l'intensité de carbone d'au moins 50 % par rapport à l'univers d'investissement initial et atteindre un objectif de décarbonisation supplémentaire de 7 % chaque année. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice.
Le type d'approche utilisé ici est le Best-in-class (l'approche Best-in-class identifie les leaders de chaque secteur sur la base des meilleures pratiques ESG, tout en évitant ceux qui présentent des niveaux de risque élevés et ne respectent pas les normes ESG minimales selon l'administrateur de l'indice et ses partenaires spécialisés). La stratégie extra financière de l'Indice, réalisée à chaque étape du processus d'investissement, peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices MSCI, sont disponibles sur www.msci.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés dans le processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'exclusion de l'implication dans les affaires et des controverses de l'indice de référence.
- Le produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- Le produit financier vise à inclure les titres ayant les meilleures notations ESG représentant 25% de la capitalisation boursière dans chaque secteur et région de l'univers d'investissement, tel que défini dans le Prospectus.


##### 6
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille de stratégie d'investissement inférieure d'au moins 50% à l'empreinte carbone moyenne pondérée de son univers d'investissement.
- Le portefeuille de stratégie d'investissement du produit financier doit atteindre un objectif annuel de décarbonisation d'au moins 7 %.
- Le produit financier doit investir 25% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci-dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
Le produit financier ne s'engage pas sur un taux minimum de réduction du périmètre des investissements avant l'application de sa stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices MSCI, sont disponibles sur www.msci.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes par le calcul de la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 49%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 15%.
La proportion restante des investissements peut inclure :

##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérantdans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Dans le cadre de la réplication synthétique, des instruments financiers dérivés tels que les Total Return Swaps (TRS) sont utilisés de manière continue pour réaliser la politique d'investissement qui promeut des caractéristiques environnementales ou sociales tout en garantissant que les titres physiquement détenus par le produit financier (le "panier de substitution"), dont la performance est comparée à celle de la stratégie d'investissement, respectent des garanties extra-financières minimales.
La réplication synthétique est un cadre dans lequel la contrepartie du SRT couvre sa position et apporte ainsi de la liquidité à tout ou partie des sous-jacents ESG.

##### 8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les instruments financiers dérivés peuvent être utilisés à des fins de gestion efficace du portefeuille et de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
| 1. Alignement de la taxonomie des investissements, y compris les obligations souveraines*. |  | 1. Alignement de la taxonomie des investissements hors obligations souveraines*. |
| --- | --- | --- |
| Taxonomy-aligned | 0% |  | Taxonomy-aligned | 0% |
| Other investments | 100% |  | Other investments | 100% |

sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 7 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 7 %.
9

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice MSCI Emerging SRI S-Series PAB 5% Capped (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence, car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris ses fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.
10

#### Comment	l'alignement	de	la	stratégie	d'investissement	sur	la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.msci.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
Identifiant de l'entité juridique :
213800EDTW62QDILKX66
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit : BNP PARIBAS EASY MSCI EMU ESG FILTERED MIN TE

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 40 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais de :
Un screening positif utilisant une approche de sélectivité. Cela implique l'évaluation de la performance ESG d'un émetteur par rapport à une combinaison de facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :

##### 1
- Environnementaux : efficacité énergétique, réduction des émissions de gaz à effet de serre, traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

Une sélection négative appliquant des critères d'exclusion à l'égard des émetteurs qui violent les normes et conventions internationales, telles que les principes du Pacte mondial des Nations unies, ou qui opèrent dans des secteurs sensibles tels que définis par des fournisseurs de données externes.
En outre, le gestionnaire d'investissement promeut de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant ses droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice MSCI EMU ESG Filtered Min TE (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du référentiel :
- Le pourcentage du portefeuille du produit financier conforme aux critères d'exclusion de l'implication commerciale du référentiel ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- Le pourcentage minimum de réduction de l'univers d'investissement du produit financier en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles et/ou de tout autre critère financier supplémentaire ;
- Le pourcentage du portefeuille du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables réalisés par le produit financier sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;


##### 2
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone


##### 3
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse

##### 4
interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Oui, le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Pour que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les divulgations de l'indice de référence et/ou du fournisseur de l'indice sont utilisées .
Le cadre politique global permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- Analyse du processus d'exclusion intégré de la stratégie d'investissement en relation avec les violations sociales et les droits de l'homme, les normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement.
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement.
- Engagement avec les décideurs politiques.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement avec les émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

##### 5
Non

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une erreur de suivi* maximale de 1 %) la performance de l'indice MSCI EMU ESG Filtered Min TE (NTR) (l'indice) en investissant dans les actions émises par les sociétés incluses dans l'indice, en respectant les pondérations de l'indice (réplication complète), ou dans un échantillon d'actions émises par les sociétés incluses dans l'indice (réplication optimisée).
En cas d'investissement dans un échantillon d'actions, l'écart de suivi du produit peut être plus élevé.
L'indice est composé de sociétés de la zone euro sélectionnées sur la base de critères environnementaux, sociaux et de gouvernance d'entreprise (ESG) (opportunité environnementale, pollution et déchets, capital humain, gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels, tout en minimisant l'écart de suivi par rapport à l'indice parent, l'indice MSCI EMU. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice.
Le type d'approche utilisé ici est le Best-in-universe (type de sélection ESG consistant à privilégier les émetteurs les mieux notés d'un point de vue extra-financier quel que soit leur secteur d'activité, et à accepter des biais sectoriels, car les secteurs considérés comme plus vertueux dans l'ensemble seront plus fortement représentés). La stratégie extra-financière de l'Indice peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices MSCI, sont disponibles sur www.msci.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'exclusion de l'implication dans les affaires et des controverses de l'indice de référence.
- Le produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le Prospectus, doit être réduit d'au moins 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra-financiers.
- Le produit financier doit investir au moins 40% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci-


##### 6
dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'univers d'investissement du produit financier est réduit d'un minimum de 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou un secteur et/ou d'autres critères extra- financiers.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices MSCI, sont disponibles sur www.msci.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes par le calcul de la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 40%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 10 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 11 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 9
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice MSCI EMU ESG Filtered Min TE (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence, car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris ses fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
10

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.msci.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Identifiant de l'entité juridique :
213800YQ9QNX31KMEA10
Nom du produit 
BNP PARIBAS EASY MSCI EMU SRI S-SERIES 5% CAPPED

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 50 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui font preuve de pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
Le produit financier vise à améliorer son profil ESG par rapport à son univers d'investissement.
La performance ESG d'un émetteur est évaluée en fonction d'une combinaison de facteurs environnementaux, sociaux et de gouvernance qui incluent, sans s'y limiter, les éléments suivants :
o Environnementaux : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;

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- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
Les critères d'exclusion sont appliqués en ce qui concerne les émetteurs qui violent les normes et conventions internationales, ou qui opèrent dans des secteurs sensibles tels que définis par les fournisseurs de données externes.
En outre, le gestionnaire d'investissement promeut de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice MSCI EMU SRI S-Series PAB 5% Capped (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du référentiel :
- Le pourcentage du portefeuille du produit financier qui respecte les critères d'exclusion de la référence en matière d'implication dans les affaires et de controverses ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- Le score ESG moyen pondéré du portefeuille du produit financier par rapport au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus;
- L'empreinte carbone moyenne du portefeuille du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement ;
- Le pourcentage du portefeuille du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables réalisés par le produit financier sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;


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- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Centre de durabilité suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergies non renouvelables
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations Unies et des Principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales


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- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires des entreprises :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des gaz à effet de serre
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière
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### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Oui, le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Afin que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds à gestion passive indicielle.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec un écart de suivi* maximum de 1%) la performance de l'indice MSCI EMU SRI S-Series PAB 5% Capped (NTR) (Bloomberg : indice M7CXEMS) (l'Indice) en investissant dans des actions émises par des sociétés incluses dans l'Indice, en respectant les pondérations de l'Indice (réplication complète), ou dans un échantillon d'actions émises par des sociétés incluses dans l'Indice (réplication optimisée).
En cas d'investissement dans un échantillon d'actions, l'écart de suivi du produit peut être plus élevé.
L'indice est composé d'entreprises de la zone euro sélectionnées sur la base d'un minimum de critères environnementaux, sociaux et de gouvernance d'entreprise (ESG) (opportunité environnementale, pollution et déchets, capital humain, gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels. Il met en Úuvre un plafond qui limite le poids maximal d'une entreprise au sein de l'indice à 5 % à chaque date de rééquilibrage. En outre, l'indice vise à respecter les objectifs du Paris Aligned Benchmark (PAB), à savoir réduire l'intensité carbone d'au moins 50 % par rapport à l'univers d'investissement initial et atteindre un objectif de décarbonisation supplémentaire de 7 % chaque année. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles sujettes à des

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violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice.
Le type d'approche utilisé ici est le Best-in-class (l'approche Best-in-class identifie les leaders de chaque secteur sur la base des meilleures pratiques ESG, tout en évitant ceux qui présentent des niveaux de risque élevés et ne respectent pas les normes ESG minimales selon l'administrateur de l'indice et ses partenaires spécialisés). La stratégie extra-financière de l'Indice, réalisée à chaque étape du processus d'investissement, peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices MSCI sont disponibles sur www.msci.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés dans le processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'exclusion de l'implication dans les affaires et des controverses de l'indice de référence.
- Le produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- Le produit financier vise à inclure les titres ayant les meilleures notations ESG représentant 25% de la capitalisation boursière dans chaque secteur et région de l'univers d'investissement tel que défini dans le Prospectus ;
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille inférieure d'au moins 50% à l'empreinte carbone moyenne pondérée de son univers d'investissement ;
- Le produit financier doit atteindre un objectif annuel de décarbonisation d'au moins 7% ;
- Le produit financier doit investir au moins 50% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci- dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.
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Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.


#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
Le produit financier ne s'engage pas sur un taux minimum de réduction du périmètre des investissements avant l'application de sa stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices MSCI, sont disponibles sur www.msci.com.

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes par le calcul de la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 50 %.
La proportion restante des investissements peut inclure :
La répartition des actifs décrit la part des investissements dans des actifs
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.

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Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.

#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
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#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 11 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire d'investissement n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 13 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La part restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- les instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment les espèces, les dépôts et les produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- Le cadre des pays sensibles du groupe BNP Paribas, qui comprend des mesures restrictives sur certains pays et/ou activités considérés comme particulièrement exposés aux risques liés au blanchiment d'argent et au financement du terrorisme.

9
Les référentiels sont des indices permettant de mesurer si le produit financier atteint les caractéristiques environnementales ou sociales qu'il promeut.

### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice MSCI EMU SRI S-Series PAB 5% Capped (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence, car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris ses fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
Le référentiel est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'y a aucune garantie que le filtre ou les critères extra-financiers soient appliqués à tout moment. Par exemple, entre deux remaniements de l'indice, si un émetteur est considéré comme ne remplissant plus un critère ESG, il peut être exclu uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs alors qu'un indice de marché large pertinent ne le fait pas.

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.msci.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 10
Identifiant de l'entité juridique :
213800R657WUBCZ7V163
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit : BNP PARIBAS EASY MSCI EUROPE ESG FILTERED MIN TE

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 40 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais de :
Un screening positif utilisant une approche de sélectivité. Cela implique l'évaluation de la performance ESG d'un émetteur par rapport à une combinaison de facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :

##### 1
- Environnementaux : efficacité énergétique, réduction des émissions de gaz à effet de serre, traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

Une sélection négative appliquant des critères d'exclusion à l'égard des émetteurs qui violent les normes et conventions internationales, telles que les principes du Pacte mondial des Nations unies, ou qui opèrent dans des secteurs sensibles tels que définis par des fournisseurs de données externes.
En outre, le gestionnaire d'investissement promeut de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant ses droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice MSCI Europe ESG Filtered Min TE (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du référentiel :
- Le pourcentage du portefeuille du produit financier conforme aux critères d'exclusion de l'implication commerciale du référentiel ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- Le pourcentage minimum de réduction de l'univers d'investissement du produit financier en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles et/ou de tout autre critère financier supplémentaire ;
- Le pourcentage du portefeuille du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables réalisés par le produit financier sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;


##### 2
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone


##### 3
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse

##### 4
interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Oui, le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Pour que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les divulgations de l'indice de référence et/ou du fournisseur de l'indice sont utilisées .
Le cadre politique global permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- Analyse du processus d'exclusion intégré de la stratégie d'investissement en relation avec les violations sociales et les droits de l'homme, les normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement.
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement.
- Engagement avec les décideurs politiques.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement avec les émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.

##### 5
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une erreur de suivi* maximale de 1 %) la performance de l'indice MSCI Europe ESG Filtered Min TE (NTR) (indice Bloomberg : MXEUEFMT) (l'indice) en investissant dans des actions émises par des sociétés incluses dans l'indice, en respectant les pondérations de l'indice (réplication complète), ou dans un échantillon d'actions émises par des sociétés incluses dans l'indice (réplication optimisée).
En cas d'investissement dans un échantillon d'actions, l'écart de suivi du produit peut être plus élevé.
L'indice est composé de sociétés européennes sélectionnées sur la base de critères environnementaux, sociaux et de gouvernance d'entreprise (ESG) (tels que l'opportunité environnementale, la pollution et les déchets, le capital humain, la gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels, tout en minimisant l'écart de suivi par rapport à l'indice parent, l'indice MSCI Europe. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice. Le type d'approche utilisé ici est le Best-in-universe (type de sélection ESG consistant à privilégier les émetteurs les mieux notés d'un point de vue extra- financier quel que soit leur secteur d'activité, et à accepter des biais sectoriels, car les secteurs considérés comme plus vertueux dans l'ensemble seront plus fortement représentés).
La stratégie extra-financière de l'Indice, réalisée à chaque étape du processus d'investissement, peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices MSCI sont disponibles sur www.msci.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'exclusion de l'implication dans les affaires et des controverses de l'indice de référence.
- Le produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le Prospectus, doit être réduit d'au moins 20% en raison de l'exclusion de


##### 6
titres ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra-financiers.
- Le produit financier doit investir au moins 40% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci- dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
L'univers d'investissement du produit financier est réduit d'un minimum de 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou un secteur et/ou d'autres critères extra- financiers.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices MSCI, sont disponibles sur www.msci.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes par le calcul de la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 40%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la


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Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.

proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

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Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie de l'UE.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 8 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 13 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 9
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice MSCI Europe ESG Filtered Min TE (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence, car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris ses fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
10

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.msci.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

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L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit : 
BNP PARIBAS EASY MSCI EUROPE SMALL CAPS SRI S-SERIES PAB 5%	
Identifiant de l'entité juridique :
CAPPED	213800AC6NMHI6C8P996

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 25 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
Le produit financier vise à améliorer son profil ESG par rapport à son univers d'investissement.
La performance ESG d'un émetteur est évaluée en fonction d'une combinaison de facteurs environnementaux, sociaux et de gouvernance qui incluent, sans s'y limiter, les éléments suivants :

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- Environnementaux : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

Les critères d'exclusion sont appliqués en ce qui concerne les émetteurs qui violent les normes et conventions internationales, ou qui opèrent dans des secteurs sensibles tels que définis par les fournisseurs de données externes.
En outre, le gestionnaire d'investissement favorise de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
Dans la réplication synthétique, l'engagement avec les émetteurs et l'exercice des droits de vote, le cas échéant, ne sont appliqués que pour les titres sous-jacents du panier de substitution.
L'indice MSCI Europe Small Cap SRI S-Series PAB 5% Capped (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du référentiel :
- Le pourcentage du portefeuille du produit financier qui respecte les critères d'exclusion de la référence en matière d'implication dans les affaires et de controverses ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- Le score ESG moyen pondéré du portefeuille du produit financier par rapport au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus ;
- L'empreinte carbone moyenne du portefeuille du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement ;
- Le pourcentage du portefeuille du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, les investissements durables auxquels le produit financier est exposé et décrits ci-dessous sont ceux des titres sous-jacents des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.

##### 2
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site :

##### 3
Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

##### 4

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Oui, le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Pour que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les divulgations de l'indice de référence et/ou du fournisseur de l'indice sont utilisées .
Le cadre politique global permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- Analyse du processus d'exclusion intégré de la stratégie d'investissement en relation avec les violations sociales et les droits de l'homme, les normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement.
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement.
- Engagement avec les décideurs politiques.


##### 5
L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement avec les émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds à gestion passive indicielle.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit a pour objectif de répliquer (avec une tracking error* maximale de 1%) la performance de l'indice MSCI Europe Small Caps SRI S-Series PAB 5% Capped (NTR) (Bloomberg : indice MXEUSSNE) (l'Indice) en investissant dans les actions émises par les sociétés incluses dans l'Indice, en respectant les pondérations de l'Indice (réplication complète), ou dans un échantillon de titres inclus dans l'Indice (réplication optimisée), ou en investissant dans un panier de substitution, composé, entre autres, d'actions de sociétés, de titres de créance ou de liquidités (réplication synthétique). Lors de l'investissement dans un panier de valeurs appelé panier de substitution, la performance est échangée avec celle de l'indice, ce qui génère un risque de contrepartie.
Lorsque l'on investit dans un échantillon d'actions, la tracking error du produit peut être plus élevée.
L'indice est composé de sociétés européennes de petite capitalisation sélectionnées sur la base d'un minimum de critères environnementaux, sociaux et de gouvernance d'entreprise (ESG) (opportunité environnementale, pollution et déchets, capital humain, gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels. Il met en Úuvre un plafond qui limite le poids maximal d'une entreprise au sein de l'indice à 5 % à chaque date de rééquilibrage. En outre, l'indice vise à respecter les objectifs du Paris Aligned Benchmark (PAB), à savoir réduire l'intensité carbone d'au moins 50 % par rapport à l'univers d'investissement initial et atteindre un objectif de décarbonisation supplémentaire de 7 % chaque année. En conséquence, les entreprises sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice.
Le type d'approche mis en Úuvre ici est Best-in-class (l'approche Best-in-class identifie les leaders de chaque secteur sur la base des meilleures pratiques ESG, tout en évitant ceux qui présentent des niveaux de risque élevés et ne respectent pas les normes ESG minimales selon l'administrateur de l'indice et ses partenaires spécialisés). La stratégie extra-financière de l'Indice, réalisée à chaque étape du processus d'investissement, peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices MSCI sont disponibles sur www.msci.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés dans le processus d'investissement.
6

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'exclusion de l'implication dans les affaires et des controverses de l'indice de référence.
- Le produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- Le produit financier vise à inclure les titres ayant les meilleures notations ESG représentant 25% de la capitalisation boursière dans chaque secteur et région de l'univers d'investissement, tel que défini dans le Prospectus.
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille de stratégie d'investissement inférieure d'au moins 50% à l'empreinte carbone moyenne pondérée de son univers d'investissement.
- Le portefeuille de stratégie d'investissement du produit financier doit atteindre un objectif annuel de décarbonisation d'au moins 7 %.

Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
- Le produit financier doit investir au moins 25% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'"investissement durable" sont indiqués dans la question ci-dessus "Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ?" et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
Le produit financier ne s'engage pas sur un taux minimum de réduction du périmètre des investissements avant l'application de sa stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices MSCI, sont disponibles sur www.msci.com.

##### 7
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
A la date du prospectus, le produit financier applique la réplication synthétique. Par conséquent, l'allocation d'actifs prévue pour ce produit financier, ainsi que toute proportion minimale décrite ci- dessous, sont celles du portefeuille sous-jacent des instruments financiers dérivés tels que les Total Return Swaps (TRS) utilisés de manière continue pour réaliser la politique d'investissement.
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes en calculant la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50 %. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 25%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.

8
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Dans le cadre de la réplication synthétique, des instruments financiers dérivés tels que les Total Return Swaps (TRS) sont utilisés de manière continue pour réaliser la politique d'investissement qui promeut des caractéristiques environnementales ou sociales tout en garantissant que les titres physiquement détenus par le produit financier (le "panier de substitution"), dont la performance est comparée à celle de la stratégie d'investissement, respectent des garanties extra-financières minimales.
La réplication synthétique est un cadre dans lequel la contrepartie du SRT couvre sa position et apporte ainsi de la liquidité à tout ou partie des sous-jacents ESG.
Les instruments financiers dérivés peuvent être utilisés à des fins de gestion efficace du portefeuille et de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 9
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 89%.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 7 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 10
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice MSCI Europe Small Cap SRI S-Series PAB 5% Capped (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence, car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris ses fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
11

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.msci.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 12
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Identifiant de l'entité juridique :
213800UNKEY76CWOI161
Nom du produit : 
BNP PARIBAS EASY MSCI EUROPE SRI S-SERIES 5% CAPPED

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 45 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui font preuve de pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
Le produit financier vise à améliorer son profil ESG par rapport à son univers d'investissement.
La performance ESG d'un émetteur est évaluée en fonction d'une combinaison de facteurs environnementaux, sociaux et de gouvernance qui incluent, sans s'y limiter, les éléments suivants :

##### 1
- Environnementaux : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

Les critères d'exclusion sont appliqués en ce qui concerne les émetteurs qui violent les normes et conventions internationales, ou qui opèrent dans des secteurs sensibles tels que définis par les fournisseurs de données externes.
En outre, le gestionnaire d'investissement promeut de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice MSCI Europe SRI S-Series PAB 5% Capped (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du référentiel :
- Le pourcentage du portefeuille du produit financier qui respecte les critères d'exclusion de la référence en matière d'implication dans les affaires et de controverses ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- Le score ESG moyen pondéré du portefeuille du produit financier par rapport au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus ;
- L'empreinte carbone moyenne du portefeuille du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement ;
- Le pourcentage du portefeuille du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables réalisés par le produit financier sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;


##### 2
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité


##### 3
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Oui, le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Afin que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec un écart de suivi* maximum de 1%) la performance de l'indice MSCI Europe SRI S-Series PAB 5% Capped (NTR) (Bloomberg : indice M7CXESS) (l'Indice) en investissant dans des actions émises par des sociétés incluses dans l'Indice, en respectant les pondérations de l'Indice (réplication complète), ou dans un échantillon d'actions émises par des sociétés incluses dans l'Indice (réplication optimisée).
En cas d'investissement dans un échantillon d'actions, l'écart de suivi du produit peut être plus élevé.
L'indice est composé de sociétés européennes sélectionnées sur la base d'une notation ESG (Environmental, Social and Corporate Governance) minimale (opportunité environnementale, pollution et déchets, capital humain, gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels. Il met en Úuvre un plafond qui limite le poids maximal d'une entreprise au sein de l'indice à 5 % à chaque date de rééquilibrage. En outre, l'indice vise à respecter les objectifs du Paris Aligned Benchmark (PAB), à savoir réduire l'intensité carbone d'au moins 50
% par rapport à l'univers d'investissement initial et atteindre un objectif de décarbonisation supplémentaire de 7 % chaque année. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice. Le type d'approche utilisé ici est le Best-in-class (l'approche Best-in-class identifie les leaders de chaque secteur sur la base des meilleures pratiques ESG, tout en évitant ceux qui présentent des niveaux de risque élevés et ne respectent pas les normes ESG minimales selon l'administrateur de l'indice et ses partenaires spécialisés).
La stratégie extra-financière de l'Indice, réalisée à chaque étape du processus d'investissement, peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices MSCI sont disponibles sur www.msci.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés dans le processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'exclusion de l'implication dans les affaires et des controverses de l'indice de référence.
- Le produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- Le produit financier vise à inclure les titres ayant les meilleures notations ESG représentant 25% de la capitalisation boursière dans chaque secteur et région de l'univers d'investissement, tel que défini dans le Prospectus ;
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille inférieure d'au moins 50% à l'empreinte carbone moyenne pondérée de son univers d'investissement ;
- Le produit financier doit atteindre un objectif annuel de décarbonisation d'au moins 7% ;


##### 6
- Le produit financier doit investir au moins 45% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci- dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
Le produit financier ne s'engage pas sur un taux minimum de réduction du périmètre des investissements avant l'application de sa stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices MSCI, sont disponibles sur www.msci.com.
La répartition des actifs décrit la part des investissements dans des actifs spécifiques.

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes par le calcul de la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 49%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 45%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.


##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 10 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 12 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 9
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice MSCI Europe SRI S-Series PAB 5% Capped (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence, car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris ses fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?

##### 10
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.msci.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les entreprises

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit BNP PARIBAS EASY MSCI JAPAN ESG FILTERED MIN TE	
Identifiant de l'entité juridique :
213800I1PJ1VY5QRDU86

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 40 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais de :
Un screening positif utilisant une approche de sélectivité. Cela implique l'évaluation de la performance ESG d'un émetteur par rapport à une combinaison de facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :

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- Environnementaux : efficacité énergétique, réduction des émissions de gaz à effet de serre, traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

Une sélection négative appliquant des critères d'exclusion à l'égard des émetteurs qui violent les normes et conventions internationales, telles que les principes du Pacte mondial des Nations unies, ou qui opèrent dans des secteurs sensibles tels que définis par des fournisseurs de données externes.
En outre, le gestionnaire d'investissement favorise de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice MSCI Japan ESG Filtered Min TE (NTR) a été désigné comme indice de référence afin d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du référentiel :
- Le pourcentage du portefeuille du produit financier conforme aux critères d'exclusion de l'implication commerciale du référentiel ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- Le pourcentage minimum de réduction de l'univers d'investissement du produit financier en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles et/ou de tout autre critère financier supplémentaire ;
- Le pourcentage du portefeuille du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :

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- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :

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Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas

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La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.
.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Oui, le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Pour que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les divulgations de l'indice de référence et/ou du fournisseur de l'indice sont utilisées .
Le cadre politique global permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- Analyse du processus d'exclusion intégré de la stratégie d'investissement en relation avec les violations sociales et les droits de l'homme, les normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement.
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement.
- Engagement avec les décideurs politiques.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement avec les émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
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### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une erreur de suivi* maximale de 1 %) la performance de l'indice MSCI Japan ESG Filtered Min TE (NTR) (indice Bloomberg : MXJPEFMT) (l'indice) en investissant dans les actions émises par les sociétés incluses dans l'indice, en respectant les pondérations de l'indice (réplication complète), ou dans un échantillon d'actions émises par les sociétés incluses dans l'indice (réplication optimisée).
En cas d'investissement dans un échantillon d'actions, l'écart de suivi du produit peut être plus élevé.
L'indice est composé de sociétés japonaises sélectionnées sur la base de critères environnementaux, sociaux et de gouvernance d'entreprise (ESG) (tels que l'opportunité environnementale, la pollution et les déchets, le capital humain, la gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels, tout en minimisant l'écart de suivi par rapport à l'indice parent, l'indice MSCI Japan. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice. Le type d'approche utilisé ici est le Best-in- universe (type de sélection ESG consistant à donner la priorité aux émetteurs les mieux notés d'un point de vue non financier, indépendamment de leur secteur d'activité).
indépendamment de leur secteur d'activité, et à accepter des biais sectoriels, car les secteurs jugés globalement plus vertueux seront plus fortement représentés). La stratégie extra-financière de l'Indice, réalisée à chaque étape du processus d'investissement, peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices MSCI sont disponibles sur www.msci.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés dans le processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'exclusion de l'implication dans les affaires et des controverses de l'indice de référence.
- Le produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le Prospectus, doit être réduit d'au moins 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra-financiers.
- Le produit financier doit investir au moins 40% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci- dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces


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objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.
Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
The financial product’s investment universe is reduced by a minimum of 20% due to exclusion of securities with low ESG score and/or sector and/or other extra-financial criteria.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices MSCI, sont disponibles sur www.msci.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes en calculant la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50 %. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 25%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont

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Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.

réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

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Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie de l'UE.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 10%.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 11 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 9
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice MSCI Japan ESG Filtered Min TE (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence, car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris ses fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
10

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.msci.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Identifiant de l'entité juridique :
213800RIR2NNTKO1FI88
Nom du produit : 
BNP PARIBAS EASY MSCI JAPAN SRI S-SERIES 5% CAPPED

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la Taxonomie.

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 35 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui font preuve de pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
Le produit financier vise à améliorer son profil ESG par rapport à son univers d'investissement.
La performance ESG d'un émetteur est évaluée en fonction d'une combinaison de facteurs environnementaux, sociaux et de gouvernance qui incluent, sans s'y limiter, les éléments suivants :

##### 1
- Environnementaux : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

Les critères d'exclusion sont appliqués en ce qui concerne les émetteurs qui violent les normes et conventions internationales, ou qui opèrent dans des secteurs sensibles tels que définis par les fournisseurs de données externes.
En outre, le gestionnaire d'investissement promeut de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice MSCI Japan SRI S-Series PAB 5% Capped (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du référentiel :
- Le pourcentage du portefeuille du produit financier qui respecte les critères d'exclusion de la référence en matière d'implication dans les affaires et de controverses ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- Le score ESG moyen pondéré du portefeuille du produit financier par rapport au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus ;
- L'empreinte carbone moyenne du portefeuille du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement ;
- Le pourcentage du portefeuille du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables réalisés par le produit financier sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;


##### 2
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité


##### 3
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Oui, le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Afin que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec un écart de suivi* maximum de 1%) la performance de l'indice MSCI Japan SRI S-Series PAB 5% Capped (NTR) (indice Bloomberg : M7CXESE) (l'Indice) en investissant dans des actions émises par des sociétés incluses dans l'Indice, en respectant les pondérations de l'Indice (réplication complète), ou dans un échantillon d'actions émises par des sociétés incluses dans l'Indice (réplication optimisée).
En cas d'investissement dans un échantillon d'actions, l'écart de suivi du produit peut être plus élevé.
L'indice est composé de sociétés japonaises sélectionnées sur la base d'une notation ESG (Environmental, Social and Corporate Governance) minimale (opportunité environnementale, pollution et déchets, capital humain, gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels. Il met en Úuvre un plafond qui limite le poids maximal d'une entreprise au sein de l'indice à 5 % à chaque date de rééquilibrage. En outre, l'indice vise à respecter les objectifs du Paris Aligned Benchmark (PAB), à savoir réduire l'intensité carbone d'au moins 50 % par rapport à l'univers d'investissement initial et atteindre un objectif de décarbonisation supplémentaire de 7 % chaque année. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice.
Le type d'approche utilisé ici est le Best-in-class (l'approche Best-in-class identifie les leaders de chaque secteur sur la base des meilleures pratiques ESG, tout en évitant ceux qui présentent des niveaux de risque élevés et ne respectent pas les normes ESG minimales selon l'administrateur de l'indice et ses partenaires spécialisés).
La stratégie extra-financière de l'Indice, réalisée à chaque étape du processus d'investissement, peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices MSCI sont disponibles sur www.msci.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'exclusion de l'implication dans les affaires et des controverses de l'indice de référence.
- Le produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- Le produit financier vise à inclure les titres ayant les meilleures notations ESG représentant 25% de la capitalisation boursière dans chaque secteur et région de l'univers d'investissement tel que défini dans le Prospectus ;
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille inférieure d'au moins 50% à l'empreinte carbone moyenne pondérée de son univers d'investissement ;


##### 6
- Le produit financier doit atteindre un objectif annuel de décarbonisation d'au moins 7% ;
- Le produit financier doit investir au moins 35% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci- dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
Le produit financier ne s'engage pas sur un taux minimum de réduction du périmètre des investissements avant l'application de sa stratégie d'investissement.
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices MSCI, sont disponibles sur www.msci.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes par le calcul de la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 49%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 35%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.
8
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie de l'UE.
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 12 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 16 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 9
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice MSCI Japan SRI S-Series PAB 5% Capped (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence, car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris ses fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?

##### 10
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.msci.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit 
BNP PARIBAS EASY MSCI NORTH AMERICA ESG FILTERED MIN TE	
Identifiant de l'entité juridique :
213800AUR7GUUPS3H625

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 25 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais de :
Un screening positif utilisant une approche de sélectivité. Cela implique l'évaluation de la performance ESG d'un émetteur par rapport à une combinaison de facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :

##### 1
- Environnementaux : efficacité énergétique, réduction des émissions de gaz à effet de serre, traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

Une sélection négative appliquant des critères d'exclusion à l'égard des émetteurs qui violent les normes et conventions internationales, telles que les principes du Pacte mondial des Nations unies, ou qui opèrent dans des secteurs sensibles tels que définis par des fournisseurs de données externes.
En outre, le gestionnaire d'investissement favorise de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice MSCI North America ESG Filtered Min TE (NTR) a été désigné comme indice de référence afin d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du référentiel :
- Le pourcentage du portefeuille du produit financier conforme aux critères d'exclusion de l'implication commerciale du référentiel ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- Le pourcentage minimum de réduction de l'univers d'investissement du produit financier en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles et/ou de tout autre critère financier supplémentaire ;
- Le pourcentage du portefeuille du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;


##### 2
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone


##### 3
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas

##### 4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.
.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Afin que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une erreur de suivi* maximale de 1 %) la performance de l'indice MSCI North America ESG Filtered Min TE (NTR) (indice Bloomberg : MXNAEFMT) (l'indice) en investissant dans les actions émises par les sociétés incluses dans l'indice, en respectant les pondérations de l'indice (réplication complète), ou dans un échantillon d'actions émises par les sociétés incluses dans l'indice (réplication optimisée).
En cas d'investissement dans un échantillon d'actions, l'écart de suivi du produit peut être plus élevé.
L'indice est composé de sociétés nord-américaines sélectionnées sur la base de critères environnementaux, sociaux et de gouvernance d'entreprise (ESG) (tels que l'opportunité environnementale, la pollution et les déchets, le capital humain, la gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels, tout en minimisant l'écart de suivi par rapport à l'indice parent, l'indice MSCI North America. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice. Le type d'approche utilisé ici est le Best-in-universe (type de sélection ESG consistant à privilégier les émetteurs les mieux notés d'un point de vue extra-financier quel que soit leur secteur d'activité, et à accepter des biais sectoriels, car les secteurs considérés comme plus vertueux dans l'ensemble seront plus fortement représentés). La stratégie extra-financière de l'Indice, réalisée à chaque étape du processus d'investissement, peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices MSCI sont disponibles sur www.msci.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'exclusion de l'implication dans les affaires et des controverses de l'indice de référence.
- Le produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le Prospectus, doit être réduit d'au moins 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra-financiers.
- Le produit financier doit investir au moins 25% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci- dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces


##### 6
objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.
Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
L'univers d'investissement du produit financier est réduit d'un minimum de 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou un secteur et/ou d'autres critères extra- financiers.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices MSCI, sont disponibles sur www.msci.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes en calculant la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50 %. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 25%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont

##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.

réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie de l'UE.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 5%.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 8 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 9
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice MSCI North America ESG Filtered Min TE (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
10

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.msci.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit 
BNP PARIBAS EASY MSCI Pacific ex Japan ESG Filtered Min TE	
Identifiant de l'entité juridique :
213800LLO65K4I3C5A26

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 20 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais de :
Un screening positif utilisant une approche de sélectivité. Cela implique l'évaluation de la performance ESG d'un émetteur par rapport à une combinaison de facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :

##### 1
- Environnementaux : efficacité énergétique, réduction des émissions de gaz à effet de serre, traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

Une sélection négative appliquant des critères d'exclusion à l'égard des émetteurs qui violent les normes et conventions internationales, telles que les principes du Pacte mondial des Nations unies, ou qui opèrent dans des secteurs sensibles tels que définis par des fournisseurs de données externes.
En outre, le gestionnaire d'investissement favorise de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice MSCI Pacific ex-Japan ESG Filtered Min TE (NTR) a été désigné comme indice de référence afin d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du référentiel :
- Le pourcentage du portefeuille du produit financier conforme aux critères d'exclusion de l'implication commerciale du référentiel ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- Le pourcentage minimum de réduction de l'univers d'investissement du produit financier en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles et/ou de tout autre critère financier supplémentaire ;
- Le pourcentage du portefeuille du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;


##### 2
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone


##### 3
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas

##### 4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.
.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Afin que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec une erreur de suivi* maximale de 1 %) la performance de l'indice MSCI Pacific ex Japan ESG Filtered Min TE (NTR) (indice Bloomberg : MXPJEFMT) (l'indice) en investissant dans des actions émises par des sociétés incluses dans l'indice, en respectant les pondérations de l'indice (réplication complète), ou dans un échantillon d'actions émises par des sociétés incluses dans l'indice (réplication optimisée).
En cas d'investissement dans un échantillon d'actions, l'écart de suivi du produit peut être plus élevé.
L'indice est composé de sociétés situées dans la zone Asie-Pacifique hors Japon sélectionnées sur la base de critères environnementaux, sociaux et de gouvernance d'entreprise (ESG) (tels que l'opportunité environnementale, la pollution et les déchets, le capital humain, la gouvernance d'entreprise, etc.) et sur la base de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels, tout en minimisant l'écart de suivi par rapport à l'indice parent, l'indice MSCI Pacific ex Japan. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice. Le type d'approche utilisé ici est le Best-in-universe (type de sélection ESG consistant à privilégier les émetteurs les mieux notés d'un point de vue extra-financier quel que soit leur secteur d'activité, et à accepter des biais sectoriels, car les secteurs considérés comme plus vertueux dans l'ensemble seront plus fortement représentés). La stratégie extra-financière de l'Indice, réalisée à chaque étape du processus d'investissement, peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices MSCI sont disponibles sur www.msci.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'exclusion de l'implication dans les affaires et des controverses de l'indice de référence.
- Le produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le Prospectus, doit être réduit d'au moins 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra-financiers.
- Le produit financier doit investir au moins 20% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci- dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.


##### 6
Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
L'univers d'investissement du produit financier est réduit d'un minimum de 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou un secteur et/ou d'autres critères extra- financiers.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices MSCI, sont disponibles sur www.msci.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes en calculant la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50 %. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible danse rapport annuel. La proportion minimale d'investissements durables du produit financier est de 20%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :

##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie de l'UE.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 4%.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 5 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 9
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice MSCI Pacific ex Japan ESG Filtered Min TE (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
10

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.msci.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit 
BNP PARIBAS EASY MSCI USA SRI S-SERIES 5% CAPPED	
Identifiant de l'entité juridique :
213800F4ESQPVJRVLT42

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 30 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
Le produit financier vise à améliorer son profil ESG par rapport à son univers d'investissement.
La performance ESG d'un émetteur est évaluée en fonction d'une combinaison de facteurs environnementaux, sociaux et de gouvernance qui incluent, sans s'y limiter, les éléments suivants :

##### 1
- Environnementaux : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

Les critères d'exclusion sont appliqués en ce qui concerne les émetteurs qui violent les normes et conventions internationales, ou qui opèrent dans des secteurs sensibles tels que définis par les fournisseurs de données externes.
En outre, le gestionnaire d'investissement promeut de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice MSCI USA SRI S-Series PAB 5% Capped (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du référentiel :
- Le pourcentage du portefeuille du produit financier qui respecte les critères d'exclusion de la référence en matière d'implication dans les affaires et de controverses ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- Le score ESG moyen pondéré du portefeuille du produit financier par rapport au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus ;
- L'empreinte carbone moyenne du portefeuille du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement ;
- Le pourcentage du portefeuille du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :

##### 2
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :

##### 3
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas

##### 4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.
.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Oui, le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Pour que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les divulgations de l'indice de référence et/ou du fournisseur de l'indice sont utilisées .
Le cadre politique global permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- Analyse du processus d'exclusion intégré de la stratégie d'investissement en relation avec les violations sociales et les droits de l'homme, les normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement.
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement.
- Engagement avec les décideurs politiques.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement avec les émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec un écart de suivi* maximum de 1%) la performance de l'indice MSCI USA SRI S-Series PAB 5% Capped (NTR) (indice Bloomberg : M1CXUSC) ("l'Indice") en investissant dans les actions émises par des sociétés incluses dans l'Indice, en respectant les pondérations de l'Indice (réplication complète), ou dans un échantillon d'actions émises par des sociétés incluses dans l'Indice (réplication optimisée). En cas d'investissement dans un échantillon d'actions, l'écart de suivi du produit peut être plus élevé.
L'indice est composé d'actions émises par des sociétés américaines sélectionnées sur la base d'un minimum de critères environnementaux, sociaux et de gouvernance d'entreprise (ESG) (opportunité environnementale, pollution et déchets, capital humain, gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels. Il met en Úuvre un plafond qui limite le poids maximal d'une entreprise au sein de l'indice à 5 % à chaque date de rééquilibrage. En outre, l'indice vise à respecter les objectifs du Paris Aligned Benchmark (PAB), à savoir réduire l'intensité de carbone d'au moins 50 % par rapport à l'univers d'investissement initial et atteindre un objectif de décarbonisation supplémentaire de 7 % chaque année. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice.
Le type d'approche utilisé ici est Best-in-class (l'approche Best-in-class identifie les leaders de chaque secteur sur la base des meilleures pratiques ESG, tout en évitant ceux qui présentent des niveaux de risque élevés et ne respectent pas les normes ESG minimales selon l'administrateur de l'indice et ses partenaires spécialisés). La stratégie extra-financière de l'Indice, réalisée à chaque étape du processus d'investissement, peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices MSCI sont disponibles sur www.msci.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'exclusion de l'implication dans les affaires et des controverses de l'indice de référence.
- Le produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- Le produit financier vise à inclure les titres ayant les meilleures notations ESG représentant 25% de la capitalisation boursière dans chaque secteur et région de l'univers d'investissement tel que défini dans le Prospectus ;
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille inférieure d'au moins 50% à l'empreinte carbone moyenne pondérée de son univers d'investissement ;


##### 6
- Le produit financier doit atteindre un objectif annuel de décarbonisation d'au moins 7% ;
- Le produit financier doit investir au moins 30% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci- dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.
Le produit financier ne s'engage pas sur un taux minimum de réduction du périmètre des investissements avant l'application de sa stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices MSCI, sont disponibles sur www.msci.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes en calculant la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50 %. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 30%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés


##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.

d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 5%.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 10 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 9
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice MSCI USA SRI S-Series PAB 5% Capped (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence, car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris ses fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
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#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.msci.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

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Identifiant de l'entité juridique :
213800GIDOG28RSHLD50
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit : 
BNP PARIBAS EASY MSCI WORLD ESG FILTERED MIN TE

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 30 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui démontrent des pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
La stratégie d'investissement sélectionne les émetteurs par le biais de :
Un screening positif utilisant une approche de sélectivité. Cela implique l'évaluation de la performance ESG d'un émetteur par rapport à une combinaison de facteurs environnementaux, sociaux et de gouvernance qui comprennent, sans s'y limiter, les éléments suivants :

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- Environnementaux : efficacité énergétique, réduction des émissions de gaz à effet de serre, traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

Une sélection négative appliquant des critères d'exclusion à l'égard des émetteurs qui violent les normes et conventions internationales, telles que les principes du Pacte mondial des Nations unies, ou qui opèrent dans des secteurs sensibles tels que définis par des fournisseurs de données externes.
En outre, le gestionnaire d'investissement favorise de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice MSCI World ESG Filtered Min TE (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du référentiel :
- Le pourcentage du portefeuille du produit financier conforme aux critères d'exclusion de l'implication commerciale du référentiel ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- Le pourcentage minimum de réduction de l'univers d'investissement du produit financier en raison de l'exclusion des titres ayant un faible score ESG et/ou des exclusions sectorielles et/ou de tout autre critère financier supplémentaire ;
- Le pourcentage du portefeuille du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables réalisés par le produit financier sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;


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- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité


##### 3
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas.
4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Oui, le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Afin que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec un écart de suivi* maximum de 1%) la performance de l'indice MSCI World ESG Filtered Min TE (NTR) (indice Bloomberg : MXWOEMNU) ("l'indice") en investissant dans des actions émises par des sociétés incluses dans l'indice, en respectant les pondérations de l'indice (réplication complète), ou dans un échantillon d'actions émises par des sociétés incluses dans l'indice (réplication optimisée).
En cas d'investissement dans un échantillon d'actions, l'écart de suivi du produit peut être plus élevé.
L'indice est composé d'actions émises par des sociétés mondiales de grande et moyenne capitalisation sélectionnées sur la base de critères environnementaux, sociaux et de gouvernance d'entreprise (ESG) (tels que l'opportunité environnementale, la pollution et les déchets, le capital humain, la gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels, tout en minimisant l'écart de suivi par rapport à l'indice parent, l'indice MSCI World. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice.
Le type d'approche utilisé ici est le Best-in-universe (type de sélection ESG consistant à donner la priorité aux émetteurs les mieux notés d'un point de vue extra-financier quel que soit leur secteur d'activité, et à accepter des biais sectoriels, car les secteurs considérés comme plus vertueux dans l'ensemble seront plus fortement représentés).
La stratégie extra-financière de l'Indice, réalisée à chaque étape du processus d'investissement, peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices MSCI sont disponibles sur www.msci.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'exclusion de l'implication dans les affaires et des controverses de l'indice de référence.
- Le produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- L'univers d'investissement de la stratégie d'investissement du produit financier, tel que défini dans le Prospectus, doit être réduit d'au moins 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou d'exclusions sectorielles et/ou d'autres critères extra-financiers.
- Le produit financier doit investir au moins 30% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci-


##### 6
dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.
Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
L'univers d'investissement du produit financier est réduit d'un minimum de 20% en raison de l'exclusion de titres ayant un faible score ESG et/ou un secteur et/ou d'autres critères extra- financiers.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices MSCI, sont disponibles sur www.msci.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes par le calcul de la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50%. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible dans le rapport annuel. La proportion minimale d'investissements durables du produit financier est de 30%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.


##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie de l'UE.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 6 %.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 9 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 9
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice MSCI World ESG Filteresd Min TE (NTR) Index a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence, car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris ses fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
10

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.msci.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
L'investissement durable est un investissement dans une activité économique qui contribue à un objectif environnemental ou social, à condition que l'investissement ne nuise pas de manière significative à un quelconque objectif

##### Modèle d'information précontractuelle pour les produits financiers visés à l'article 8, paragraphes 1, 2 et 2 bis, du règlement (UE) 2019/2088 et à l'article 6, premier paragraphe, du règlement (UE) 2020/852.
Nom du produit 
BNP PARIBAS EASY MSCI WORLD SRI S-SERIES 5% CAPPED	
Identifiant de l'entité juridique :
213800O9N13WHRUQI558

## CARACTÉRISTIQUES ENVIRONNEMENTALES ET/OU SOCIALES

### Ce produit financier a-t-il un objectif d'investissement durable ?
Oui	Non
environnemental ou social et que les entreprises bénéficiaires de l'investissement suivent des pratiques de bonne gouvernance.
La taxonomie de l'UE est un système de classification établi par le règlement (UE) 2020/852, qui établit une liste d'activités économiques durables sur le plan environnemental. Ce règlement n'établit pas de liste d'activités économiques socialement durables. Les investissements durables ayant un objectif environnemental peuvent être alignés ou non sur la

### Il fera un minimum d'investissements durables avec un objectif environnemental : 	%
dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
dans des activités économiques qui ne sont pas considérées comme écologiquement durables selon la taxonomie de l'UE

### Il effectuera un minimum d'investissements durables ayant un objectif social : 	%
Il promeut les caractéristiques environnementales/sociales (E/S) et, bien qu'il n'ait pas pour objectif un investissement durable, il aura une proportion minimale de 35 % d'investissements durables.
avec un objectif environnemental dans des activités économiques qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif environnemental dans des activités économiques qui ne sont pas qualifiées d'écologiquement durables selon la taxonomie de l'UE
avec un objectif social

### Il promeut les caractéristiques E/S, mais n'effectuera aucun investissement durable.
Quelles caractéristiques environnementales et/ou sociales sont promues par ce produit financier ?
Le produit financier favorise les caractéristiques environnementales et sociales en évaluant les investissements sous-jacents par rapport aux critères environnementaux, sociaux et de gouvernance (ESG) en utilisant la méthodologie du fournisseur de l'indice. Ainsi, le produit est exposé à des émetteurs qui font preuve de pratiques environnementales et sociales supérieures ou qui s'améliorent, tout en mettant en Úuvre des pratiques de gouvernance d'entreprise robustes dans leur secteur d'activité.
Le produit financier vise à améliorer son profil ESG par rapport à son univers d'investissement.
La performance ESG d'un émetteur est évaluée en fonction d'une combinaison de facteurs environnementaux, sociaux et de gouvernance qui incluent, sans s'y limiter, les éléments suivants :

##### 1
- Environnementaux : efficacité énergétique, réduction des émissions de gaz à effet de serre (GES), traitement des déchets ;
- Social : respect des droits de l'homme et des droits des travailleurs, gestion des ressources humaines (santé et sécurité des travailleurs, diversité) ;Les indicateurs de durabilité mesurent comment les caractéristiques environnementales ou sociales promues par le produit financier sont atteintes.
- Gouvernance : indépendance du conseil d'administration, rémunération des dirigeants, respect des droits des actionnaires minoritaires.

Les critères d'exclusion sont appliqués en ce qui concerne les émetteurs qui violent les normes et conventions internationales, ou qui opèrent dans des secteurs sensibles tels que définis par les fournisseurs de données externes.
En outre, le gestionnaire d'investissement promeut de meilleurs résultats environnementaux et sociaux en s'engageant auprès des émetteurs et en exerçant les droits de vote conformément à la politique de Stewardship, le cas échéant, en collaboration avec le Centre de développement durable de BNP Paribas Asset Management.
L'indice MSCI World SRI S-Series PAB 5% Capped (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Quels indicateurs de durabilité sont utilisés pour mesurer la réalisation de chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
Les indicateurs de durabilité suivants sont utilisés pour mesurer l'atteinte des caractéristiques environnementales et sociales promues par le produit financier, et sont basés sur la méthodologie ESG du référentiel :
- Le pourcentage du portefeuille du produit financier qui respecte les critères d'exclusion de la référence en matière d'implication dans les affaires et de controverses ;
- Le pourcentage des actifs du produit financier couverts par l'analyse ESG basée sur la méthodologie ESG du fournisseur d'indice ;
- Le score ESG moyen pondéré du portefeuille du produit financier par rapport au score ESG moyen pondéré de son univers d'investissement, tel que défini dans le Prospectus;
- L'empreinte carbone moyenne du portefeuille du produit financier par rapport à l'empreinte carbone moyenne de son univers d'investissement ;
- Le pourcentage du portefeuille du produit financier investi dans des "investissements durables" tels que définis à l'article 2 (17) du SFDR.


#### Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et comment l'investissement durable contribue-t-il à ces objectifs ?
Les objectifs des investissements durables auxquels le produit financier est exposé sont de financer des entreprises qui contribuent à des objectifs environnementaux et/ou sociaux par leurs produits et services, ainsi que par leurs pratiques durables.
Le gestionnaire d'investissement utilise, à la date du prospectus, la méthodologie interne de BNP Paribas Asset Management (BNPP AM), telle que définie dans la partie principale du prospectus, pour déterminer les investissements durables. Cette méthodologie intègre plusieurs critères dans sa définition des investissements durables qui sont considérés comme des éléments essentiels pour qualifier une entreprise de durable. Ces critères sont complémentaires les uns des autres. En pratique, une entreprise doit répondre à au moins un des critères décrits ci- dessous afin d'être considérée comme contribuant à un objectif environnemental ou social :

##### 2
- Une entreprise dont l'activité économique est alignée sur les objectifs de la taxonomie européenne ;
- Une entreprise ayant une activité économique contribuant à un ou plusieurs objectifs de développement durable des Nations unies (UN SDG) ;
- Une entreprise opérant dans un secteur à forte émission de GES qui est en train de transitionner son modèle économique pour s'aligner sur l'objectif de maintenir l'augmentation de la température mondiale en dessous de 1,5°C ;
- Une entreprise ayant les meilleures pratiques environnementales ou sociales par rapport à ses pairs dans le secteur et la région géographique concernés.

Les obligations vertes, les obligations sociales et les obligations de durabilité émises pour soutenir des projets environnementaux et/ou sociaux spécifiques sont également qualifiées d'investissements durables à condition que ces titres de créance reçoivent une recommandation d'investissement "POSITIVE" ou "NEUTRE" du Sustainability Center suite à l'évaluation de l'émetteur et du projet sous-jacent basée sur une méthodologie propriétaire d'évaluation des obligations vertes/sociales/durables.
Les entreprises identifiées comme un investissement durable ne doivent pas nuire de manière significative à d'autres objectifs environnementaux ou sociaux (le principe Do No Significant Harm "DNSH") et doivent suivre des pratiques de bonne gouvernance. BNPP AM utilise sa propre méthodologie et/ou s'appuie sur les informations fournies par l'administrateur du benchmark de référence pour évaluer toutes les entreprises par rapport à ces exigences.
De plus amples informations sur la méthodologie interne sont disponibles sur le site Internet du gestionnaire d'investissement : Sustainability documents - BNPP AM Corporate English (bnpparibas-am.com).

#### Comment les investissements durables que le produit financier a partiellement l'intention de faire, ne causent-ils pas de préjudice significatif à tout objectif d'investissement durable environnemental ou social ?
Les investissements durables que le produit entend partiellement réaliser ne doivent pas nuire de manière significative à un quelconque objectif environnemental ou social (principe DNSH). À cet égard, pour ces investissements durables, le gestionnaire d'investissement s'engage à considérer les principaux impacts négatifs sur les facteurs de durabilité en tenant compte des indicateurs d'impacts négatifs tels que définis dans le SFDR, et à ne pas investir dans des entreprises qui ne respectent pas leurs obligations fondamentales conformément aux Principes directeurs de l'OCDE et aux Principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme.

###### Comment les indicateurs d'impacts négatifs sur les facteurs de durabilité ont-ils été pris en compte ?
Le gestionnaire d'investissement s'assure que, tout au long de son processus d'investissement, les investissements durables du produit financier tiennent compte des principaux indicateurs d'impact négatif en analysant, dans le cadre du processus d'investissement, ces indicateurs au regard des piliers de l'investissement durable définis dans la Stratégie globale de développement durable (SGDD) de BNP Paribas Asset Management. De plus amples informations sur la GSS sont disponibles sur le site : Documents sur le développement durable - BNPP AM Corporate English (bnpparibas- am.com).
Le produit financier prend en compte et traite ou atténue les principaux indicateurs d'impacts négatifs sur le développement durable suivants pour la proportion d'actifs qualifiés d'investissements durables :

##### 3
Indicateurs obligatoires de l'entreprise :
- Émissions de gaz à effet de serre (GES)
- Empreinte carbone
- Intensité des GES des entreprises bénéficiaires d'investissements
- Exposition à des entreprises actives dans le secteur des combustibles fossiles
- Part de la consommation et de la production d'énergie non renouvelable
- Intensité de la consommation d'énergie par secteur à fort impact climatique
- Activités ayant un impact négatif sur les zones sensibles en termes de biodiversité
- Émissions dans l'eau
- Taux de déchets dangereux
- Violations des principes du Pacte mondial des Nations unies et des principes directeurs de l'Organisation de coopération et de développement économiques (OCDE) à l'intention des entreprises multinationales
- Absence de processus et de mécanismes de contrôle de la conformité aux principes du Pacte mondial des Nations unies et aux principes directeurs de l'OCDE à l'intention des entreprises multinationales.
- Écart de rémunération non ajusté entre les sexes
- Diversité des sexes au sein du conseil d'administration
- Exposition à des armes controversées (mines antipersonnel, armes à sous-munitions, armes chimiques et armes biologiques)Indicateurs volontaires d'entreprise :Environnement4. Investissements dans des entreprises sans initiatives de réduction des émissions de carboneSocial4. Absence d'un code de conduite des fournisseurs9. Absence de politique en matière de droits de l'homme Indicateurs obligatoires du Souverain
- Intensité des GES
- Pays investis faisant l'objet de violations socialesDes informations plus détaillées sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité sont pris en compte sont disponibles dans la déclaration d'information de BNP PARIBAS ASSET MANAGEMENT SFDR : intégration du risque de durabilité et prise en compte des principaux impacts négatifs.

En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.

###### Comment les investissements durables sont-ils alignés sur les principes directeurs de l'OCDE à l'intention des entreprises multinationales et sur les principes directeurs des Nations unies relatifs aux entreprises et aux droits de l'homme ? Détails :
Les investissements durables du produit financier excluent les émetteurs qui violent ou risquent de violer les principes du Pacte Mondial des Nations Unies, les Principes directeurs de l'OCDE à l'intention des entreprises multinationales et les Principes directeurs des Nations Unies relatifs aux entreprises et aux droits de l'homme, y compris les principes et droits énoncés dans les huit conventions fondamentales identifiées dans la Déclaration de l'Organisation internationale du travail relative aux principes et droits fondamentaux au travail et la Charte internationale des droits de l'homme. Cette évaluation est réalisée au sein du BNPP AM Sustainability Centre sur la base d'une analyse interne et d'informations fournies par des experts externes, et en consultation avec l'équipe RSE du groupe BNP Paribas

##### 4
La Taxonomie de l'UE établit un principe de "ne pas nuire de manière significative" selon lequel les investissements alignés sur la Taxonomie ne doivent pas nuire de manière significative aux objectifs de la Taxonomie de l'UE et s'accompagne de critères spécifiques de l'UE.
Le principe "ne pas nuire de manière significative" s'applique uniquement aux investissements sous-jacents au produit financier qui tiennent compte des critères de l'UE pour des activités économiques durables sur le plan environnemental. Les investissements sous-jacents à la partie restante de ce produit financier ne tiennent pas compte des critères de l'UE en matière d'activités économiques durables sur le plan environnemental.
Tout autre investissement durable ne doit pas non plus nuire de manière significative à des objectifs environnementaux ou sociaux.
.

### Ce produit financier prend-il en compte les principaux impacts négatifs sur les facteurs de durabilité ?
Oui,
Les principaux impacts négatifs sont les impacts négatifs les plus importants des décisions d'investissement sur les facteurs de durabilité relatifs aux questions environnementales, sociales et relatives aux employés, au respect des droits de l'homme, à la lutte contre la corruption et à la lutte contre les pots-de-vin.
Le produit prend en compte certains impacts négatifs principaux sur les facteurs de durabilité. Pour que le gestionnaire d'investissement puisse déterminer quels PAI sont pris en compte et traités ou atténués, la méthodologie ESG et les informations fournies par le benchmark de référence et/ou le fournisseur d'indice sont utilisées.
Le cadre stratégique permettant d'analyser comment les principaux impacts négatifs sont pris en compte pour le produit financier repose principalement sur les trois piliers suivants :
- L'analyse du processus d'exclusion intégré conduisant la stratégie d'investissement à éliminer les industries et les comportements qui présentent un risque élevé d'impacts négatifs en violation des normes et conventions internationales et les émetteurs qui sont impliqués dans des activités présentant un risque inacceptable pour la société et/ou l'environnement ;
- Comment les notations ESG utilisées tout au long du processus d'investissement incluent dans leur méthodologie la prise en compte des principaux impacts négatifs sur les facteurs de durabilité, et dans quelle mesure ces notations sont utilisées dans la stratégie d'investissement ;
- La politique d'engagement et de vote, le cas échéant.

L'équipe de gestion responsable identifie régulièrement les impacts négatifs grâce à des recherches continues, à la collaboration avec d'autres investisseurs à long terme et au dialogue avec des ONG et d'autres experts. L'engagement auprès des émetteurs vise à les encourager à améliorer leurs pratiques environnementales, sociales et de gouvernance et, ainsi, à atténuer les impacts négatifs potentiels. Le vote aux assemblées générales annuelles des entreprises dans lesquelles le portefeuille est investi vise à promouvoir la bonne gouvernance et à faire progresser les questions environnementales et sociales.
Des informations plus détaillées sur la manière dont BNPP AM considère les principaux impacts négatifs des décisions d'investissement sur les facteurs de durabilité en tenant dûment compte de la taille, de la nature et de l'échelle de ses activités et des types de produits financiers gérés figurent dans la déclaration d'information de BNPP AM SFDR : intégration du risque de durabilité et considérations relatives aux principaux impacts négatifs.
En outre, des informations sur la manière dont les principaux impacts négatifs sur les facteurs de durabilité ont été pris en compte au cours de l'année seront disponibles dans le rapport annuel du produit financier.
Non
5

### Quelle stratégie d'investissement ce produit financier suit-il ?
Le produit est un fonds géré passivement qui suit un indice.
La stratégie d'investissement guide les décisions d'investissement en fonction de facteurs tels que les objectifs d'investissement et la tolérance au risque.
Le produit cherche à répliquer (avec un écart de suivi* maximum de 1%) la performance de l'indice MSCI World SRI S-Series PAB 5% Capped (NTR) (indice Bloomberg : M1CXWSC) (l'Indice) en investissant dans des actions émises par des sociétés incluses dans l'Indice, en respectant les pondérations de l'Indice (réplication complète) ou dans un échantillon d'actions émises par des sociétés incluses dans l'Indice (réplication optimisée),
En cas d'investissement dans un échantillon d'actions, l'écart de suivi du produit peut être plus élevé.
L'indice est composé de sociétés sélectionnées sur la base d'un minimum de critères environnementaux, sociaux et de gouvernance d'entreprise (ESG) (opportunité environnementale, pollution et déchets, capital humain, gouvernance d'entreprise, etc.) et en fonction de leurs efforts pour réduire leur exposition au charbon et aux combustibles fossiles non conventionnels. Il met en Úuvre un plafond qui limite le poids maximal d'une entreprise au sein de l'indice à 5 % à chaque date de rééquilibrage. En outre, l'indice vise à respecter les objectifs du Paris Aligned Benchmark (PAB), à savoir réduire l'intensité carbone d'au moins 50 % par rapport à l'univers d'investissement initial et atteindre un objectif de décarbonisation supplémentaire de 7 % chaque année. Par conséquent, les entreprises impliquées dans des secteurs ayant un impact ESG négatif potentiellement élevé, celles sujettes à des violations significatives des principes du Pacte Mondial des Nations Unies et celles impliquées dans de graves controverses liées à l'ESG sont exclues de l'indice. Le type d'approche utilisé ici est le Best-in-class (l'approche Best-in-class identifie les leaders de chaque secteur sur la base des meilleures pratiques ESG, tout en évitant ceux qui présentent des niveaux de risque élevés et ne respectent pas les normes ESG minimales selon l'administrateur de l'indice et ses partenaires spécialisés).
La stratégie extra-financière de l'Indice, réalisée à chaque étape du processus d'investissement, peut comporter des limites méthodologiques telles que le risque lié à l'investissement ESG ou le rééquilibrage de l'Indice.
De plus amples informations sur l'indice, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques ainsi que sur la méthodologie générale des indices MSCI sont disponibles sur www.msci.com.
*L'écart de suivi est un indicateur de risque qui permet de mesurer dans quelle mesure un fonds suit la performance de son indice de référence.
Les éléments de la stratégie d'investissement visant à atteindre les caractéristiques environnementales ou sociales promues par ce produit financier, tels que décrits ci-dessous, sont systématiquement intégrés tout au long du processus d'investissement.

#### Quels sont les éléments contraignants de la stratégie d'investissement utilisée pour sélectionner les investissements permettant d'atteindre chacune des caractéristiques environnementales ou sociales promues par ce produit financier ?
- Le produit financier doit respecter les critères d'exclusion de l'implication dans les affaires et des controverses de l'indice de référence.
- Le produit financier doit avoir au moins 90% des titres sous-jacents de sa stratégie d'investissement couverts par l'analyse ESG basée sur la méthodologie du fournisseur d'indice.
- Le produit financier vise à inclure les titres ayant les meilleures notations ESG représentant 25% de la capitalisation boursière dans chaque secteur et région de l'univers d'investissement, tel que défini dans le Prospectus ;


##### 6
- Le produit financier doit avoir une empreinte carbone moyenne pondérée de son portefeuille inférieure d'au moins 50% à l'empreinte carbone moyenne pondérée de son univers d'investissement ;
- Le produit financier doit atteindre un objectif annuel de décarbonisation d'au moins 7% ;
- Le produit financier doit investir au moins 35% de ses actifs dans des "investissements durables" tels que définis à l'article 2 (17) du RGPD. Les critères permettant de qualifier un investissement d'" investissement durable " sont indiqués dans la question ci- dessus " Quels sont les objectifs des investissements durables que le produit financier entend partiellement réaliser et les investissements durables contribuent-ils à ces objectifs ? " et les seuils quantitatifs et qualitatifs sont mentionnés dans la partie principale du Prospectus.

Il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.
Les pratiques de bonne gouvernance comprennent des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale.

#### Quel est le taux minimum engagé pour réduire le champ des investissements considérés avant l'application de cette stratégie d'investissement ?
Le produit financier ne s'engage pas sur un taux minimum de réduction du périmètre des investissements avant l'application de sa stratégie d'investissement.

#### Quelle est la politique d'évaluation des pratiques de bonne gouvernance des entreprises bénéficiaires d'investissements ?
Le cadre de notation ESG de l'indice de référence évalue la gouvernance d'entreprise telle que des structures de gestion saines, les relations avec les employés, la rémunération du personnel et la conformité fiscale par le biais d'un ensemble d'indicateurs clés de performance standard qui examinent en particulier le conseil d'administration, la rémunération, la propriété et le contrôle, ainsi que les pratiques comptables.
De plus amples informations sur l'indice de référence, sa composition, son calcul et les règles de révision et de rééquilibrage périodiques, ainsi que sur la méthodologie générale des indices MSCI, sont disponibles sur www.msci.com.
La répartition des actifs décrit la part des investissements dans des actifs

### Quelle est la répartition des actifs prévue pour ce produit financier ?
Afin de déterminer les investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, en tenant compte de tous les éléments contraignants de sa stratégie d'investissement tels que mentionnés ci-dessus, BNPP AM a décidé d'utiliser ses méthodologies internes en calculant la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs qualifiés d'Investissement Durable.
La proportion minimale de ces investissements utilisés pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier est d'au moins 50 %. Pour éviter tout doute, cette proportion est uniquement un minimum et le pourcentage exact des investissements du produit financier qui ont atteint les caractéristiques environnementales ou sociales promues sera disponible danse rapport annuel. La proportion minimale d'investissements durables du produit financier est de 35%.
La proportion restante des investissements peut inclure :
- La proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif avec un score E positif ou un score S positif et la proportion d'actifs étant qualifiés


##### 7
Les activités alignées sur la taxonomie sont exprimées en tant que part de :
- 	le chiffre d'affaires reflétant la part des revenus provenant des activités vertes des entreprises bénéficiaires d'investissements
- dépenses d'investissement (CapEx) montrant les investissements verts réalisés par les entreprises bénéficiaires, par exemple pour une transition vers une économie verte.
- les dépenses opérationnelles (OpEx) reflétant les activités opérationnelles vertes des entreprises bénéficiaires d'investissements.

d'investissement durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des espèces, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique de conduite responsable des affaires (RBC), le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques liées aux droits de l'homme et du travail, à l'environnement et à la corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


#### Comment l'utilisation des produits dérivés permet-elle d'atteindre les caractéristiques environnementales ou sociales promues par le produit financier ?
Les instruments financiers dérivés peuvent être utilisés pour une gestion efficace du portefeuille et à des fins de couverture. Ces instruments ne sont pas utilisés pour atteindre les caractéristiques environnementales ou sociales promues par le produit.

### Dans quelle mesure, au minimum, les investissements durables ayant un objectif environnemental sont-ils alignés sur la taxonomie de l'UE ?
Non applicable.

##### 8
Les activités habilitantes permettent directement à d'autres activités d'apporter une contribution substantielle à un objectif environnemental.
Les activités transitoires sont des activités pour lesquelles il n'existe pas encore d'alternatives à faible émission de carbone et dont les niveaux d'émission de gaz à effet de serre correspondent aux meilleures performances.
Les deux graphiques ci-dessous indiquent en vert le pourcentage minimum
d'investissements qui sont alignés sur la Taxonomie de l'UE. Comme il n'existe pas de méthodologie appropriée pour déterminer l'alignement sur la taxonomie des obligations souveraines*, le premier graphique montre l'alignement sur la taxonomie par rapport à tous les investissements du produit financier, y compris les obligations souveraines, tandis que le second graphique montre l'alignement sur la taxonomie uniquement par rapport aux investissements du produit financier autres que les obligations souveraines.
* Aux fins de ces graphiques, les "obligations souveraines" comprennent toutes les expositions souveraines.
sont des investissements durables avec un objectif environnemental qui ne tiennent pas compte des
critères des activités économiques durables sur le plan environnemental selon la taxonomie de l'UE.

#### Quelle est la part minimale des investissements dans les activités transitoires et habilitantes ?
Non applicable.

### Quelle est la part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE ?
La part minimale des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la taxonomie de l'UE est de 8%.
La part minimale est intentionnellement faible car l'objectif du gestionnaire n'est pas d'empêcher le produit d'investir dans des activités alignées sur la taxonomie dans le cadre de la stratégie d'investissement du produit.
La société de gestion améliore sa collecte de données d'alignement sur la taxonomie afin de garantir l'exactitude et la pertinence de ses divulgations liées à la durabilité de la taxonomie. Dans l'intervalle, le produit financier investira dans des investissements durables ayant un objectif environnemental qui ne sont pas alignés sur la Taxonomie de l'UE.

### Quelle est la part minimale d'investissements socialement durables ?
La part minimale d'investissements socialement durables dans le produit financier est de 10 %.

### Quels investissements sont inclus dans la catégorie "#2 Autres", quel est leur objectif et existe-t-il des garanties environnementales ou sociales minimales ?
La proportion restante des investissements peut comprendre :
- la proportion d'actifs qui n'atteignent pas le standard minimum pour répondre aux caractéristiques environnementales ou sociales promues par le produit financier, soit la proportion d'actifs ayant un score ESG positif combiné à un score E positif ou un score S positif et la proportion d'actifs étant qualifiés d'Investissement Durable, tous deux basés sur les méthodologies propriétaires de BNPP AM ESG. Ces actifs sont utilisés à des fins d'investissement, ou

##### 9
- des instruments qui sont principalement utilisés à des fins de liquidité, de gestion efficace du portefeuille et/ou de couverture, notamment des liquidités, des dépôts et des produits dérivés.

Dans tous les cas, le gestionnaire d'investissement veillera à ce que ces investissements soient réalisés en maintenant l'amélioration du profil ESG du produit financier. En outre, ces investissements sont réalisés en conformité avec nos processus internes, y compris les garanties environnementales ou sociales minimales suivantes :
- la politique de gestion des risques. La politique de gestion des risques comprend les procédures nécessaires pour permettre à la société de gestion d'évaluer, pour chaque produit financier qu'elle gère, l'exposition de ce produit aux risques de marché, de liquidité, de durabilité et de contrepartie. Et
- la politique RBC, le cas échéant, par l'exclusion des entreprises impliquées dans des controverses dues à de mauvaises pratiques en matière de droits de l'homme et du travail, d'environnement et de corruption, ainsi que des entreprises opérant dans des secteurs sensibles (tabac, charbon, armes controversées, amiante,...), car ces entreprises sont réputées violer les normes internationales, ou causer des dommages inacceptables à la société et/ou à l'environnement.


### Un indice spécifique est-il désigné comme référence pour déterminer si ce produit financier est aligné sur les caractéristiques environnementales et/ou sociales qu'il promeut ?
L'indice MSCI World SRI S-Series PAB 5% Capped (NTR) a été désigné comme référence pour atteindre les caractéristiques environnementales ou sociales promues par le produit financier.

#### Comment le benchmark de référence est-il aligné en permanence sur chacune des caractéristiques environnementales ou sociales promues par le produit financier ?
Les caractéristiques environnementales ou sociales promues par le produit financier sont directement liées à celles de l'indice de référence car l'objectif d'investissement du produit financier est de reproduire la performance de l'indice de référence, y compris les fluctuations, et de maintenir l'erreur de suivi entre le produit financier et l'indice de référence en dessous de 1%.
L'indice de référence est basé sur des règles et applique donc en permanence sa méthodologie, y compris les caractéristiques environnementales ou sociales.
Cependant, il n'est pas garanti qu'un filtre ou un critère extra-financier soit appliqué à tout moment. Par exemple, entre deux remaniements de l'indice, si une entreprise est considérée comme ne remplissant plus un critère ESG, elle peut être exclue uniquement lors du prochain remaniement, conformément aux règles du fournisseur de l'indice.

#### Comment l'alignement de la stratégie d'investissement sur la méthodologie de l'indice est-il assuré en permanence ?
L'alignement de la stratégie d'investissement sur la méthodologie de l'indice est intrinsèque à l'objectif d'investissement du produit financier qui est de répliquer la performance de l'indice, y compris ses fluctuations, et de maintenir l'écart de suivi entre le produit financier et l'indice en dessous de 1%.

#### En quoi l'indice désigné diffère-t-il d'un indice de marché large pertinent
?
L'indice de référence intègre des critères environnementaux ou sociaux dans sa méthodologie d'allocation d'actifs, alors qu'un indice de marché large pertinent ne le fait pas et est généralement pondéré en fonction de la capitalisation boursière.
10

#### Où peut-on trouver la méthodologie utilisée pour le calcul de l'indice désigné ?
La méthodologie utilisée pour le calcul de l'indice de référence peut être consultée à l'adresse suivante : www.msci.com.

### Où puis-je trouver en ligne des informations plus spécifiques sur les produits ?

##### Des informations plus spécifiques aux produits sont disponibles sur le site web
: 
https://www.bnpparibas-am.com après avoir choisi le pays concerné et directement dans la section "Sustainability-related disclosures" dédiée au produit.

##### 11
ADDENDUM DESTINE AU PUBLIC EN FRANCE
La directive européenne n° 2009/65/CE du 13 juillet 2009 portant sur les coordinations des dispositions législatives, réglementaires et administratives concernant certains organismes de placement collectif en valeurs mobilières (OPCVM) instaure des règles communes permettant la commercialisation transfrontalière des OPCVM qui s’y conforment. Ce socle commun n’exclut pas une mise en œuvre différenciée. C’est pourquoi un OPCVM européen peut être commercialisé en France quand bien même son activité n’obéit pas à des règles identiques à celles qui conditionnent en France l’agrément de ce type de produit.
Le présent addendum doit être lu conjointement avec le prospectus de BNP Paribas Easy (ci-après dénommée « la SICAV »), daté janvier 2023.
- Précisions sur les facilités mises à disposition des investisseurs :Les Distributeurs agréés, et BNP Paribas, Succursale de Luxembourg, domicilié 60 avenue J.F. Kennedy, L-1855 Luxembourg, Grand-Duché de Luxembourg, Dépositaire et Agent de Transfert du Fonds, sont en charge de la réception et transmission des souscriptions, des rachats et toute autre demande, ainsi que le paiement des ventes et dividendes en accord avec le Prospectus.

Pour les parts admises en Euroclear France, l’Agent Centralisateur est BNP Paribas, Corporate and Institutional Banking, domicilié Grands Moulins de Pantin - 9 rue du débarcadère - 93761 PANTIN CEDEX.
La Société de Gestion, met à disposition sur le site internet de la Société (www.bnpparibas-am.com) :
Les informations relatives à la Société ; aux droits des actionnaires et à la politique de gestion des réclamations. Les informations en cas de changements des caractéristiques de la Société sont également disponibles sur le site internet de la Société de Gestion.
Les documents de la Société (prospectus complet, documents d’informations clés , comptes annuels et semestriels…) ainsi que les dernières valeurs liquidatives sont aussi disponibles via la site internet de la Société.
- Compartiments autorisés à la commercialisation en FranceSeuls les compartiments listés ci-dessous ont reçu, de l’Autorité des marchés financiers (AMF), une autorisation de commercialisation en France.

| Nom des compartiments | Date d’autorisation |
| --- | --- |
| € Aggregate Bond SRI Fossil Free | En cours |
| € Corp Bond SRI PAB | 14/02/2019 |
| € Corp Bond SRI PAB 1-3Y | 31/10/2019 |
| € Corp Bond SRI PAB 3-5Y | 31/10/2019 |
| € High Yield SRI Fossil Free | 08/03/2021 |
| ECPI Circular Economy Leaders | 03/05/2019 |
| ECPI Global ESG Blue Economy | 28/09/2020 |
| ECPI Global ESG Hydrogen Economy | 06/01/2022 |
| ECPI Global ESG Infrastructure | 29/01/2016 |
| ECPI Global ESG Med Tech | 15/12/2021 |
| Energy & Metals Enhanced Roll | 25/03/2016 |
| ESG Dividend Europe | 17/08/2017 |
| ESG Eurozone Biodiversity Leaders PAB | 24/08/2022 |
| ESG Growth Europe | 04/05/2021 |
| ESG Low Vol Europe | 03/06/2016 |
| ESG Low Vol US | 03/06/2016 |
| ESG Momentum Europe | 03/06/2016 |
| ESG Quality Europe | 03/06/2016 |

| ESG Value Europe | 03/06/2016 |
| --- | --- |
| FTSE EPRA Nareit Developed Europe Ex UK Green CTB | 31/10/2019 |
| FTSE EPRA Nareit Global Developed Green CTB | 04/11/2021 |
| FTSE EPRA/Nareit Developed Europe | 29/01/2016 |
| FTSE EPRA/NAREIT Eurozone Capped | 25/06/2012 |
| JPM ESG EMBI Global Diversified Composite | 22/02/2016 |
| JPM ESG EMU Government Bond IG | 18/04/2016 |
| JPM ESG EMU Government Bond IG 1-3Y | En cours |
| JPM ESG EMU Government Bond IG 3-5Y | 31/10/2019 |
| JPM ESG Green Social & Sustainability IG EUR Bond | 15/12/2021 |
| Low Carbon 100 Europe PAB® | 16/02/2017 |
| Low Carbon 100 Eurozone PAB | 30/07/2021 |
| Low Carbon 300 World PAB | 27/05/2021 |
| MSCI China Select SRI S-Series 10% Capped | 12/07/2021 |
| MSCI Emerging ESG Filtered Min TE | 23/03/2016 |
| MSCI Emerging SRI S-Series PAB 5% Capped | 26/08/2016 |
| MSCI EMU ESG Filtered Min TE | 22/02/2016 |
| MSCI EMU SRI S-Series PAB 5% Capped | 10/10/2019 |
| MSCI Europe ESG Filtered Min TE | 08/02/2016 |
| MSCI Europe Small Caps SRI S-Series PAB 5% Capped | 15/02/2016 |
| MSCI Europe SRI S-Series PAB 5% Capped | 19/03/2018 |
| MSCI Japan ESG Filtered Min TE | 22/02/2016 |
| MSCI Japan SRI S-Series PAB 5% Capped | 19/03/2018 |
| MSCI North America ESG Filtered Min TE | 22/02/2016 |
| MSCI Pacific ex Japan ESG Filtered Min TE | 15/02/2016 |
| MSCI USA SRI S-Series PAB 5% Capped | 18/04/2016 |
| MSCI World ESG Filtered Min TE | 21/06/2022 |
| MSCI World SRI S-Series PAB 5% Capped | 23/03/2016 |

Seules les catégories d'actions suivantes des compartiments listés ci-dessus sont offertes à la commercialisation: Track Classic Capitalisation, Track Classic EUR Capitalisation, Track Classic H EUR Capitalisation, Track I Capitalisation, Track I Distribution, Track I Plus Capitalisation, Track I Plus EUR Capitalisation, Track IH EUR Capitalisation, Track IH EUR Distribution, Track IH CHF Distribution, Track Privilege Capitalisation, Track Privilege EUR Capitalisation, Track Privilege Distribution, Track Privilege H EUR Capitalisation, Track X Capitalisation, UCITS ETF Capitalisation, UCITS ETF Distribution, UCITS ETF EUR Capitalisation, UCITS ETF EUR Distribution, UCITS ETF H EUR Capitalisation, UCITS ETF QD Distribution, UCITS ETF QD H EUR Distribution et UCITS ETF RH EUR Capitalisation. Veuillez-vous référer à la partie "Les Actions" du Prospectus complet et aux documents d’informations clés relatifs à la catégorie d’action en question.
- Conditions de souscription et de rachat d’actions de la SICAVL’attention des investisseurs est attirée sur le fait que leur demande de souscription d’actions de la SICAV peut être rejetée par le gestionnaire ou par son délégué, pour quelque raison que ce soit, en tout ou partie, qu’il s’agisse d’une souscription initiale ou supplémentaire.

L’attention des investisseurs est également attirée sur le fait que la SICAV comporte des clauses d’éviction automatique avec rachat des actions dès lors que certaines conditions d’investissement ne sont plus respectées. Ce rachat aura, pour l’investisseur français, des conséquences fiscales liées à la cession de valeurs mobilières.
- FiscalitéL'attention des actionnaires fiscalement domiciliés en France est attirée sur l'obligation de procéder à la déclaration des revenus qui, résultant des cessions ou conversions d’actions de la SICAV, sont soumis au régime des plus-values sur valeurs mobilières.

Les compartiments suivants sont éligibles au PEA. A ce titre, la Société s’engage à ce que ces compartiments investissent de manière permanente 75% au moins de leur actif en titres ou droits éligibles au PEA :
- BNP Paribas Easy ESG Dividend Europe
- BNP Paribas Easy ESG Eurozone Biodiversity Leaders PAB
- BNP Paribas Easy ESG Growth Europe
- BNP Paribas Easy ESG Low Vol Europe
- BNP Paribas Easy ESG Momentum Europe
- BNP Paribas Easy ESG Quality Europe
- BNP Paribas Easy ESG Value Europe
- BNP Paribas Easy Low Carbon 100 Eurozone PAB
- BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped
- BNP Paribas Easy MSCI Emerging SRI S-Series PAB 5% Capped
- BNP Paribas Easy MSCI EMU ESG Filtered Min TE
- BNP Paribas Easy MSCI Europe Small Caps SRI S-Series PAB 5% Capped