BGL BNP Paribas joins the social entrepreneurs’ label Act for Impact

07.05.2019

BGL BNP Paribas, a key player in social entrepreneurship and innovation in Luxembourg for the past decade, has officially joined the “Act for Impact” programme that aims to bring suitable solutions to social entrepreneurs and facilitate a positive social and environmental impact. “Act for Impact” forms part of BNP Paribas’s global strategy to support social businesses, and was already implemented in France in 2018.

Act For Impact label

Act for Impact, created by BNP Paribas Retail Bank for committed entrepreneurs and launched in France on 26 January 2018, is a new facility for committed entrepreneurs, intended to offer specific banking support with innovative solutions for a more positive impact, speed up projects and provide access to a network of key partners.

7 fields of social action:

Access to employment

Microfinance and support for entrepreneurship

Access to housing

Access to healthcare and maintenance of autonomy

Access to education and equal opportunities

Environmental protection

Actions to fight poverty

BGL BNP Paribas has trained experts to make them familiar with the everyday challenges of social entrepreneurs and has set up a bespoke financial and non-financial offer. The programme gives social entrepreneurs a solid backing at each stage of their development, from seeking funding to project support.

“ The social and solidarity economy sector is growing and, in Luxembourg, demands the cooperation of all players in the ecosystem. With ‘Act for Impact’, we want to speed up the movement of social entrepreneurship and innovation.”

Geoffroy Bazin

Country Manager, BNP Paribas Group in Luxembourg, and Chairman of the BGL BNP Paribas Executive Committee