AXA: acquires carbon offsetting platform from BNP Paribas
(CercleFinance.com) - AXA IM, the asset management arm of AXA, announced on Wednesday the acquisition of ClimateSeed, a carbon offsetting platform, from BNP Paribas Securities Services.
The insurance group's subsidiary says the investment will round out its portfolio of climate solutions, particularly regarding investments in nature-based projects.
The marketplace enables property developers to certify their buildings as "zero-carbon" by first reducing their buildings' emissions through green building practices and then offsetting the remaining emissions via ClimateSeed.
Builders can choose from over 30 projects available on the platform, depending on their location, the type of business or targets.
BNP Paribas - which initiated the project - plans to continue offering the ClimateSeed platform in its retail banking network.
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