BNP Paribas Asset Management announced its plan to become the sponsor for Global Research Alliance for Sustainable Finance and Investment—a global network of leading research universities in an effort to promote healthy academic research in this sector.

Top-notch academic research can provide in-depth analysis in both theory and practice of sustainable finance and investment. This proves significant for Paris Climate Change Agreement and Sustainable Development Goals. Jane Ambachsteer, Global Head of Sustainability at BNP Paribas Asset Management and Adjunct Professor, University of Toroto, said in a press release: “We are pleased to embark on this partnership with Global Research Alliance for Sustainable Finance and Investment. Issues such as climate change, population growth and social inequality pose new and complex risks, and it is our duty to address these on behalf of our clients, society as a whole and future generations.

“Accessing emerging academic research and hosting academic interns within our organisation will inform and support this aim. It will also help us to solve complex issues such as how to measure the social and environmental impact of investments. In addition, asset managers must actively engage in public debate to help create a global economy that is more equitable and more respectful of the environment, and our sponsorship of GRASFI will help to support research that could to lead to major progress towards a more sustainable world.”

Founded in 2017, GRASFI comprises of 19 global research universities and is focused to promote multidisciplinary research through collaboration between academic researchers, graduate students and junior academics. Rob Bauer, Professor of Finance, Maastricht University and co-chair of GRASFI, said: “The value of GRASFI will be greatly enhanced through active engagement with investment practitioners, and BNP Paribas Asset Management’s leadership on sustainable investing makes them an ideal partner. We look forward to a collaborative and dynamic partner.”