The Clover evaluation in a nutshell
THE CLOVER EVALUATION
We help you compare investment options within the same asset class.
The Clover evaluation* is a proprietary analysis created by BNP Paribas Wealth Management to assess the responsibility level of recommended investment products of every asset class, on top of extra-financial regulatory information, when available.
It has then progressively been completed and adapted to take into account the transition of the industry towards sustainable finance as well as the regulation.
Today, it provides a set of extra-financial information on the product being analysed, in addition to (not a substitute for) current regulations on sustainable finance (e.g. SFDR and MiFID ESG in the EU).
By placing every recommended product on a unique scale of 1 to 5 Clovers, for each asset class, based on homogeneous and comparable data, it allows to:
- Consider sustainable development challenges and opportunities in the construction of its offering, in particular by including responsible products, when available;
- Give a clear picture to clients and advisors of the responsibility level of recommended financial instruments;
- Engage in an extensive dialogue with manufacturers of financial instruments and in communications with regulators.
The Clover evaluation is integral to how we fulfil our role as a financial advisor and distributor and meet the ESG preferences of our clients, when formalised, in conformity with their risk profile.
*For more information, please see the ESG Rating disclosure document – Clover evaluation, required under Annex III, point 1, of Regulation (EU) 2024/3005 and article 13 of Regulation (EU) 2019/2088. |
By the Clover evaluation, at BNP Paribas Wealth Management, we consider a product to be “responsible”, i.e. eligible to a responsible portfolio, when it obtains 3 or more Clovers.
Our goal is for our clients to have a comprehensive view of the responsible level of their investments, allowing them to consider sustainability in their decision-making alongside their desired risk and return profile.
Eleonore Bedel
Chief Sustainability Officer
Progressive
It continues to adapt over time (in line with regulation, the transition towards sustainable finance and a sustainable economy, etc.)
Independent
From issuers and producers of financial instruments, created and produced independently by BNP Paribas Wealth Management
Holistic
It analyses a large number of criteria in different areas, building on the Group’s expertise and in particular on BNP Paribas Asset Management’s data
Demanding
With high standards for each type of financial instrument
Our expertise
BNP Paribas Wealth Management benefits from a continually strengthened expertise of close to 20 years, both in traditional and responsible investing. It relies on:
- A dedicated Responsible Investing team established in 2006, the same year the UN Principles for Responsible Investment were created
- And on its financial experts (in Discretionary Portfolio Management and in Advisory, for each asset class).
Our approach to responsible investing, and more widely, the integration of environmental and social challenges and opportunities into our activity were applauded by the 2024 Euromoney award, naming BNP Paribas Wealth Management "Best Private Bank for Sustainable Development”, for the third consecutive year.
Regardless of management solutions, we offer our clients a wide range of financial instruments integrating varying levels of sustainability. Clients then choose appropriate investment options to match their objectives or personal convictions.
