Fostering a just transition
As the European Union’s leading bank, BNP Paribas holds the strong conviction that its expertise must directly support a more sustainable and inclusive economy. By making the expertise of its different business lines available to support the numerous transitions currently underway, the Group is taking action for finance that is more just and sustainable. At the centre of the Group’s vision are the current issues confronting people and the environment with the United Nations 17 Sustainable Development Goals driving its actions. The objective is clear: make progress in financing a carbon neutral economy by 2050.
“We are very active on questions of sustainable finance, and by participating significantly to the financing of the ecological transition of our clients, we are supporting them as they move toward a more responsible model.”
Jean-Laurent Bonnafé
Director and Chief Executive Officer of BNP Paribas
€18.6bn
in financing in the renewable energy sector
2.9m
indirect beneficiaries of microcredits supported since 1989
€4bn
in financing pledged for the protection of terrestrial and marine biodiversity
“Awareness of environmental and social issues is driving the company to make a profound transformation.”
Supporting change
The Group works actively to support changes in the financial sector. It does this notably through large coalitions, by participating in work groups or through the creation of dedicated methodologies. The primary objective is to support clients, whether they be individuals, corporations or institutions, in their own transitions. This multifaceted approach addresses an array of subjects from energy to mobility to real estate, while also encouraging the creation and distribution of products that are more inclusive, responsible and innovative. Supporting these transitions also means financing and assisting start-ups dedicated to change. With this in mind, the Group and its nearly 190,000 employees are also adapting their ways of working: BNP Paribas has been notably carbon neutral since 2017.
“ As a global bank, our role is to direct financing towards activitives that will have a positive impact on society. BNP Paribas supports the idea of a just transition, which has the objective of reducing the negative effects of the low-carbon transition, especially as it relates to human rights. ”
Photo credits: ©SHOHEI, TONL, Sergey Narevskih/Stocksy
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Transitioning to a low-carbon economy is a key part of our 2022-25 strategic plan and requires accurate data management as well as reporting and common methodologies shared with peers. That’s why @BNPParibas is joining @pcafglobal to better disclose our financed #GHG emissions!Read more