Within the framework of its commitment to sustainable development, BNP Paribas continues to establish formal guidelines for business activities in sensitive sectors in terms of their social and environmental impact.
In 2010 and 2011 the Group published sector policies covering the defence, palm oil and nuclear power sectors. BNP Paribas has now published two new policy statements on paper pulp and fossil-fired power plants:
- Production of paper pulp, like palm oil, is an activity that has a major impact on deforestation, loss of biodiversity, climate change and the destabilization of local communities.
- Energy production from coal has a major impact on greenhouse gas emissions and climate change.
The policy on financing of nuclear power plants has also been expanded to include financing for companies in the nuclear power industry.
These new policies are part of a broad commitment to responsible financing of the economy. They will be joined by other policies covering sectors that involve sensitive environmental and social issues.
For more information on BNP Paribas' sustainable development policy: