For Professional Investors – Marketing Communication

THE SUSTAINABLE INVESTORFOR A CHANGING WORLDsustainable
TheTheasset
manager
investorfor afora changing
changingworld
world

CONTENT05

WHO WE ARE& WHAT WE DO
WHO WE ARE

11

WHY WE ARE DIFFERENT
WHAT WE STAND FOR

WHY OUR CLIENTSCHOOSE US
OUR BREADTH & DEPTH OF EXPERTISE
OUR LOCAL FOOTPRINT & GLOBAL SCALEOUR FOCUS ON LONG-TERM SUSTAINABLE RETURNS21

OUR DIVERSITY & CULTUREOUR RESILIENT & SCALABLE PLATFORM

IN SUMMARY05

WHO WE ARE& WHAT WE DO06
WHOWE ARE

We are ‘the sustainable
investor for a changing world’.
We are organised to stayat the forefront ofdevelopments, whilemaintaining an unwavering
focus on what our clients wantmost — long-term sustainable
returns, built
on the firm foundationsof quality assets.”
SANDRO PIERRICHIEF EXECUTIVE OFFICER
BNP PARIBAS ASSET MANAGEMENT Holding

07
WHY WE ARE
DIFFERENTBNP Paribas Asset Management is a leading providerof quality investment solutions for individual,
corporate and institutional investors.

We have EUR 562 billion assets under management,
more than 3,200 staff in more than 30 countries*.
We are backed by BNP Paribas, whose scale andA+ rating1 give us and our clients the secure foundations
to invest and make a positive difference to people’sfutures.
The world is discovering that a narrow focus on
financial data and short-term performance do not
produce long-term growth or investment returns.
Eyes are turning to companies like ours, who for many
years have taken a broader perspective and haveidentified how the strategies and behaviours adopted
by companies and governments, can influence thesustainability of their growth.

Standard & Poor’s, 24 April 2023.
*Source: BNP Paribas Asset Management, as of 31 March 2024. Joint Ventures included.
1

08
WHATWE STAND FOR
Our strategy is clearly defined and designed
for the investment world of today and tomorrow.
It starts by recognising the importanceof the responsibility we are entrusted with.

WE WANT TO MAKE
A POSITIVE DIFFERENCETO PEOPLE’S FUTURES...BY FOCUSING
ON ACHIEVING LONG-TERM
SUSTAINABLE RETURNS

09

Across the globe, private individuals, corporations,pension funds, foundations, governments and charities entrust
BNP Paribas Asset Management to invest their money. As theirasset manager we never underestimate the responsibility we haveto help all our clients realise their financial ambitions.
We are convinced that we will make a positive difference
to people’s futures by helping them achieve their investment
goals through quality investment solutions that deliver long-termsustainable returns.

11

WHY OUR CLIENTSCHOOSE US
FIVE KEY FEATURES UNDERPIN OUR PROMISE

A+1

BREADTH & DEPTHOF OUR INVESTMENT
EXPERTISE

LOCAL FOOTPRINT& GLOBALSCALE

FOCUS ONSUSTAINABLE
RETURNS

DIVERSITY&CULTURE

RESILIENT& SCALABLE
PLATFORM

We manageassets
with conviction
and open minds

We are close
to our clientsand their
investments

Our priority:
generating
long-term
sustainable returns

We harness
the collective
power ofindividuals

We are built
to standthe testof time

1 Standard & Poor’s, 24 April 2023.

12OUR BREADTH & DEPTH
OF EXPERTISE
We manage EUR 562 billion accross a broad rangeof asset classes on behalf of a wide range of clients,from around the world.

This is testament to the breadth and depth of our investment
expertise across all asset classes (with substantial assets undermanagement in each).
We have specialised investment teams covering not only themajor asset classes but also those with growing importance.

KEY
FIGURES*BREADTH
OF CLIENTS,PRODUCTS
AND SOLUTIONSEUR 562bn
assets undermanagement
More than500

investment
professionals

66

Clientcountries*Source : BNP Paribas
Asset Management
as of 31 March 2024.

13ASSETS UNDERMANAGEMENT BREAKDOWNASSET CLASSCLIENT*

8%

26%

21%

8%

CLIENT LOCATION

6%

17%

10%
23%

22%6%

19%

46%

18%

12%
13%

14%

31%

Fixed IncomeCorporates

EMEA** (ex-France)

Multi-asset & Solutions

Insurances

FranceEquities

Pension Funds

AsiaMoney Market

Retail Clients

Americas

Alternatives

Private Clients
Official Institutions
OtherAsset Managers*Excluding investments in our own funds.
**EMEA: Europe (including UK), Middle-East, Africa.
Source: BNP Paribas Asset Management as of 31 March 2024.
AuM: Assets under Management, figures may not add to 100% due to rounding.

14OUR LOCAL FOOTPRINT& GLOBAL SCALE
With a presence in more than 30 countries aroundthe world, we are close to the clients we serveand to the investments we make on their behalf.

This global footprint is vital:
drawing on our network of experts
around the world, we are perfectly
placed to build close relationships
with each of our clients and carefully
monitor the progress of theirinvestments with deep regard for thelocal regulations that are in force.

15
EMPLOYEE DISTRIBUTIONAROUND THE WORLD

35%

ASIA

29%

FRANCEEUROPE(EX-FRANCE AND UK)

23%
7%
5%

AMERICAS
UK

Source: BNP Paribas Asset Management as of 31 March 2024,
Joint Ventures included.
Figures may not add to 100% due to rounding.

16OUR FOCUS ON LONG-TERM
SUSTAINABLE RETURNS
Our investment philosophy
is based on sustainable returns
over the long term
All our investment products and solutions are built
around a deep understanding of client goals andhow they will change. We seek to deliver long-termsustainable returns through:> Conviction driven: in a changing world, ourconviction based investment philosophy provides
scope to capture both short and long-term
opportunities for value creation. Our approachcombines a thorough understanding of market
dynamics and fundamentals (at security, sector,thematic levels), enabling high conviction positions
and a dynamic allocation of capital across varied
time horizons.
> Sustainable: By integrating sustainability
considerations across our investment processes, webelieve we create the opportunity to deliver better
outcomes for our clients, markets and the planet.
> Research driven: research is the foundation onwhich we build our markets’ views to support
our convictions. We apply both quantitative andfundamental approach to our research with aculture of curiosity, collaboration, and challenge.

Risk management

Powered bypeople

Globalperspective

Conviction driven

CLIENT-LED

Sustainable

Researchdriven> Global perspective: in an increasinglyinterconnected world, a global perspective isneeded to make better investment decisions.
> Powered by people: people drive investment
decisions. We are committed to attracting,nurturing, and retaining our diversity of talent.
We align incentives to our clients’ long term
sustainable objectives.
> Risk management: the value created through ourresearch and idea generation needs to be carefully
preserved through appropriate risk utilisation.

1715

Our commitment
to sustainability
The world has two kinds of investors:
future takers and future makers.
Future takers stand by and watch
how events unfold. Future makers
use their influence to help shape theworld around them. We are committed
to being a future maker, using ourinvestments - and our influence withcompanies and governments - toadvocate for a successful Energy
transition, healthy Ecosystems, andgreater Equality in our societies. This
underpins future economic health, andwill enable a world that our clientswant to retire into.
As a founding signatory to the UN PRI1,
we have been a recognised leader insustainability for many years2.

1
2

UNITED NATIONS PRINCIPLES FOR RESPONSIBLE INVESTMENT
2nd in Europe on sustainable thematic strategies, according
to an analysis made by BNP Paribas Asset Management basedon Morningstar data as at 31/12/2023.

18OUR DIVERSITY& CULTURE
Our business culture attracts, develops and retains a highly diverse teamof leading investment professionals.

Sharing information, research and ideas promotes peer review and constructive challenge, helpingus to transform in-depth research into strongly held long-term convictions. Much of our investment
is geared towards finding digital, organisational and cultural ways of facilitating this exchange.

OUR DIVERSITY
IS AN ASSET FOR US

We focus on promoting:> Ethnic diversity> Fair hiring practices> An international senior
management team
> Gender equality
Our diversity of backgrounds,
cultures, nationalities andgeographies provides multiple
perspectives to improvecollective decision making.

OUR BUSINESS CULTURE
NURTURES TALENTOUR BEHAVIOURS
BENEFIT OUR CLIENTSOur focus is to attract, develop
and retain high quality
investment staff.

We work towards four clear
behaviours:

We commit to offering theman inspiring place to work witha culture of excellence, whereour people can grow, share andstrive.
We promote well-being in theworkplace, crucial to long-term
performance.

> One firm
> Client first> Results driven> Excellence
These, and our compensation
structures align staff withclient interests.

19
OUR RESILIENT& SCALABLE PLATFORM
You can trust us to look after your money,
secure in the knowledge that we are backed by
BNP Paribas, an A+ rated bank1 withan unerring focus on compliance.

Our heritage, scale andownership provide us witha resilient platform thatenables us to take a longer
term perspective.
This means that we caninnovate and invest in
our business and people
to benefit our clients.

A+BNP PARIBAS GROUPFIGURESAS OF 31 MARCH 2024

S&P1

Aa3

183 000employees

63

countries

Moody’s2

AA-EUR 94,4bn EUR 3,1bn
Common equity
tier one capital

Fitch3Standard & Poor’s, 24 April 2023
Moody’s, 15 February 2024
Fitch, 3 July 2023
4Result serving as a basis for calculating the ordinary distribution in 2024
12
3Distributable4 Net
income Group sharefor Q1 2024

20

21IN SUMMARYBNP Paribas Asset Management is driven
by an unwavering focus on delivering
long-term sustainable returns.
This has shaped our company and is manifest through the fivepillars that, together, set us apart from others in ways that benefit
our clients.
OUR BREADTH & DEPTH OF EXPERTISE
OUR LOCAL FOOTPRINT & GLOBAL SCALEOUR FOCUS ON SUSTAINABLE LONG-TERM RETURNSOUR DIVERSITY & CULTUREOUR RESILIENT & SCALABLE PLATFORM
We are one of the world’s leading asset managers.1
Our clients entrust us to invest their money to enable themto realise their future dreams and ambitions.

This is why we say, “We are the sustainable investor
for a changing world”

1

10th largest asset manager in Europe, IPE Top 500 Asset Managers 2023 ranking.

BNP PARIBAS ASSET MANAGEMENT Europe, “the investment management company”, is a simplified joint
stock company with its registered office at 1 boulevard Haussmann 75009 Paris, France, RCS Paris 319 378
832, registered with the “Autorité des marchés financiers” under number GP 96002.
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“The sustainable investor for a changing world” reflects the objective of BNP PARIBAS ASSET MANAGEMENT
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BNP PARIBAS ASSET MANAGEMENT Europe fulfil the requirement of either Article 8, for a minimum
proportion of sustainable investments, or those of Article 9 under the European Regulation 2019/2088 on
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investor for achanging world

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