How do banks participate in the energy transition?
The energy transition is well underway. Everyone-governments, companies, consumers and the general public-has a role to play in generating energy savings. BNP Paribas is actively contributing to this transition. First, by adopting responsible behaviour through the actions of employees, the materials used and the management of its premises. Second, by its financing activities. In this regard, BNP Paribas supports the development of renewable energies and is in turn helping companies and households finance their energy transitions. The Group also helps its institutional-investor clients to reduce the carbon footprint of their portfolios.
How bnp paribas is accelerating the energy transition
15 BILLION EUROS
OF FINANCING OF RENEWABLE ENERGIES IN 2020
A responsible commitment as a shareholder
As part of its commitment as a shareholder, BNP Paribas Investment Partners exercises its rights through a reinforced voting policy that integrates ESG (environmental, social and governance) criteria and in particular takes into account the risks linked to climate change.
BNP Paribas Investment Partners now reserves the right to refuse the approval of the accounts of companies in which it has a shareholding and which do not sufficiently disclose their emissions and their CO2 reduction strategy.
In 2015 BNP Paribas Investment Partners supported 83% of shareholder resolutions relating to the environment, specifically those covering climate change or CO2 emissions.
Helping clients in their energy transition
In France BNP Paribas offers corporate, professional and individual clients a full range of services relating to energy conservation (diagnoses, technical advice on renovations, approved suppliers, appropriate financing, etc.).
The aim is to help clients monitor their energy consumption more effectively, improve their environmental-impact performance—and lower their energy bills.
Strong ambition in green bonds
In 2015 BNP Paribas was lead manager for more than €3.87 billion of Green Bond issues. It was also bookrunner for Brazil‘s first Green Bond, on behalf of food company BRF SA.
BNP Paribas has committed to be among the top three players, in euros, in the Green Bond market in 2018.
Investing to fight climate change
To support the energy transitions of financial institutions, BNP Paribas Wealth Management is promoting responsible investment solutions among its private-banking clients.In 2015, BNP Paribas Wealth Management brought out a range of financial solutions that aim to meet environmental challenges.
These include the index-based investment funds Easy ETF* Low Carbon 100 Europe and Ethical Europe Climate Care, both investing in companies with low-carbon emissions, and the Parvest Global Environment, Environmental Opportunities and SMaRT Food funds, which invest in companies seeking to optimise the use of natural resources.
*ETF: Exchange Traded Funds are index-based investment funds listed on Euronext.
100 MILLION EUROS THE AMOUNT BNP PARIBAS WILL INVEST BY 2020
IN START-UPS WORKING TO DEVELOP SOLUTIONS IN AREAS SUCH AS ENERGY STORAGE OR SMART GRIDS