JAKARTA - PT BNP Paribas Asset Management (AM) has launched Environment Social Government (ESG) Equity mutual fund, an investment product that will generate long-term returns and support environmental sustainability. Through this product launch, hopefully there will be other similar pro-ESG investment instruments in Indonesia.

Priyo Santoso, President Director of BNP Paribas AM, claimed that the product offered to the investors will not only result in consistent, long-term returns, but also sustainable. "In our opinion, it [consistent returns] does not suffice. Long-term, consistent performance should also be sustainable. Sustainability is a wide concept, as well," he told IDNFinancials last Thursday (8/6) in Jakarta.

According to Santoso, the pro-sustainability investment products are a part of BNP Paribas AM's commitment to investors, because this investment product supports environmental sustainability until the next generation. "For us, it is crucial that the investment chosen by Indonesian investors grant additional values that are not limited to the present, but in the long run, as well," he explained further.

Investors of ESG Equity mutual funds are said to be able to contribute to the attainment of sustainable investment. It is because the managed funds will be invested in companies that are concerned about environmental care, environmental effect, and good corporate governance (GCG).

According to Santoso, BNP Paribas AM has an extensive record in environmental issues. In 2022, BNP Paribas had issued a sustainable and responsible investment (SRI) globally. In Indonesia, BNP Paribas AM has begun its green initiatives since 2016 by launching BNP Paribas Cakra Equity Syariah. "This track record will be further sustained, hoping that more ESG products will be available for the public," he said. (LK/ZH)