A CSR strategy based on the sustainable development goals
The BNP Paribas responsibility policy is structured around 4 pillars and 12 commitments, which reflect the Bank’s Social and Environmental Responsibility (CSR) priorities and specific achievements. In line with the UN Sustainable Development Goals (SDG), this strategy aims to build a more sustainable world while ensuring the Group’s stability and performance.
The Group’s CSR strategy contributes fully to attaining the SDGs. It covers economic growth priorities, inclusion of vulnerable populations and preserving resources. To further boost its action, the Group measures its contribution to the SDGs and develops new products and services to promote the attainment of these goals.
Investment and finance solutions
To enable the savings of its individual and institutional clients to contribute to attaining the SDGs, BNP Paribas has developed a range of adapted products. Few examples:
BNP Paribas acted as joint lead manager in the issue of the 1billion-euros bond developed by the Nordic Investment Banking response to the Covid-19 pandemic.
A funding agreement between BMCI and the Moroccan entrepreneurship network Réseau Entreprendre Maroc (REM) provided 1 million Moroccan dirhams to finance female entrepreneurs and social enterprises in Morocco.
In 2019, the total capital invested by BNP Paribas in green bonds amounted to 9.8 billion dollars, and 12.2 billion euros in sustainable bonds. This includes the investment in the first sovereign green bond in Latin America, issued in Chile for a total of 1.4 billion dollars.It will especially finance projects linked to renewable energies and the protection of the environment.
In 2019, Kerry Group took out a loan with BNP Paribas for a total of 78 million euros, with a flexible interest rate based on the group’s achievement of its water consumption reduction target,measured by the intensity of its water usage.
A learning and responsible company
BNP Paribas is committed to respecting and promoting non-discrimination with respect to every category defined by law (origin, customs, sexual orientation, political opinions, religious beliefs...). BNP Paribas has signed several agreements and conventions in favor of diversity and equal opportunity in business.
In 2018, BNP Paribas signed an agreement on fundamental rights in the workplace and the establishment of a world wide labour foundation, with the UNI Global Union (the Global Agreement).
Our social responsibility shows our capacity to be a “good place to work” for our employees by providing them with a safe work environment, which maintains their health and a good personal/work life balance, is thus favourable for a long-term relationship with the Company, characterised by responsible employment management.
Being a positive agent for change
The Group aims to improve the outreach of financial products and services, since financial inclusion is an important driver of economic development: microfinance, care in disadvantaged customers, financial education for customers...
- By supporting microfinance, the Group is actively engaged in poverty reduction via financial inclusion. 30 years of action in this area have seen more than 2 million people benefiting from microloans, funded indirectly by BNP Paribas via Microfinance Institutions (MFIs). Over 30 years, the Group has financed 84 MFIs in 33 countries, with loans totaling 900 million euros.
- Nickel offers an account for everyone, above the age of 12, with no conditions and no minimum income, allowing people who have been under a “banking ban” to make afresh start in life. At the end of 2019, nearly 1.5 million Nickel accounts were opened (32% more than in 2018) 78% of whom declared an income lower than 1,500 euros per month.
- In 2020, BNP Paribas was rewarded as the ”World’s best bank for Financial inclusion." This prize recognizes the work accomplished for more than 30 years.
A player in combating social exclusion for many years, BNP Paribas works on providing long-term support in the areas of “at risk” communities, in particular in sensitive urban areas with for example the program Projet Banlieues.
BNP Paribas complies with the internationally recognised standards concerning Human rights. The Bank ensures that these rights are respected in all its activities, in all the countries in which it operates and in its relations with its employees, supply chain, customers, and the communities in which it operates.
The ecological and energy transition, our environmental priority
BNP Paribas decided in 2011 that climate change should be the priority focus of its efforts, given its position in the financing of the global economy, particularly in the energy sector. BNP Paribas has implemented a proactive strategy for the financing of renewable energies with funding of 15.9 billion euros in 2019 and an increased objective of 18 billion euros by the end of 2021.
- Another key commitment, BNP Paribas is carbon neutral for the operation of its activities.
- In 2019, BNP Paribas adopted a public stance on Ocean Conservation, in order to summarise the actions it has already taken and make new commitments relating to the preservation of the oceans. The Group recognises the importance of the oceans’ natural capital. It has therefore committed to regulating its financing and investments that have an impact on the oceans, and supporting positive initiatives that aim primarily to reduce greenhouse gas emissions by the maritime transport sector, including 1 billion euros to finance the energy transition of vessels by 2025.