Taking action to combat climate change
BNP Paribas has made the fight against climate change its top environmental priority as a global player that finances the energy sector. Our commitment aligns with the Paris agreement, which aims to make financial flows compatible with low-carbon development.
For this, we rely on three levers
10. Partnering with our clients in the transition to a low-carbon economy
11. Reduce the environmental impact of our operations
12. Advance awareness and sharing of best environmental practices
We coordinate these commitments by monitoring three key performance indicators:
Number of employees trained online in sectorial policies
target: more than 12,500 employees trained.
Greenhouse gas emissions (TCO2 Eq. per employee)
target: 2.89 TCO2 Eq. per employee (-10% compared with 2012).
Total paper consumption (internal and customer client) per employee
target: -140 KG per employee (-15% compared with 2012)
Our commitment is also:
Our environmental commitment is guided by several principles and global initiatives dedicated to promoting low-carbon financing.
Principles for Responsible Investment
BNP Paribas Investment Partners is a signatory to these principles which aim to increase the role that environmental, social and governance (ESG) issues play in investment decisions.
In 2008, BNP Paribas adopted the Equator Principles, a set of guidelines for the financial sector aiming to identify, evaluate and manage the environmental and social risks of projects. Every year, BNP Paribas publishes a report focusing on its experience and the processes involved in applying the Equator Principles.
> More information : www.equator-principles.com
Soft Commodities Compact of the BEI
In 2014, BNP Paribas joined the Soft Commodities Compact, a unique initiative aiming to mobilize banks in efforts to transform agricultural supply chains and to encourage their customers to achieve net zero deforestation by 2020.
Montreal Carbon Pledge
BNP Paribas Investment Partners became one of the first asset managers to sign the Montreal Carbon Pledge, an initiative that encourages investors to measure and publish the carbon footprint of their investment portfolios.
Portfolio Decarbonization Coalition
We are a member of this coalition that brings together a large number of institutional investors committed to reducing the carbon footprint of their portfolios.
Paris Pledge for Action
To demonstrate our commitment to the Paris Agreement, we signed this pledge that unites non-governmental stakeholders around a landmark ambition: keeping the planet on a path that will limit global temperature rise to less than 2° Celsius.
Principles for Mainstreaming Climate Action within Financial Institutions
This initiative led by the World Bank outlines five principles that financial institutions can apply in order to integrate the fight against climate change into their practices.
Financial Institutions’ Declaration of Intent on Energy Efficiency
We signed this Declaration that commits financial institutions to encourage projects that promote energy efficiency through their activities.