BNP Paribas ranked 1st in the CAC 40 by EcoAct in 2020 for its climate commitments
25.09.2020 | CSR
This week, EcoAct released its annual Sustainability Reporting Performance Report, which analyzes companies around the world for their actions and reporting on climate-related sustainability. Among French corporations in the CAC 40, BNP Paribas has placed 1st, while also being ranked 5th worldwide.
Exemplary Reporting, Deals, and Policies
BNP Paribas’ ranking has improved over last year, when it ranked second, thanks to numerous strides in reporting, Green Deals, and stricter policies across its businesses over the last year. The Group has also continued to develop its global strategy of placing sustainability at the heart of its businesses, by continuously offering products with a positive impact to its clients.
Some of the work cited in the report includes:
BNP Paribas’ first TCFD report, a major step forward in achieving the goals of the Paris Agreement;
Green Bonds in 2019, BNP Paribas placed EUR 9.8 billion in green bonds;
Stricter sector policies that have called for a complete coal-exit within the European Union and in OECD countries by 2030 and worldwide by 2040. The entire supply chain is at stake: extraction, dedicated infrastructures and power production.
"This ranking and improvement from 2nd to 1st among the CAC 40 represents the hard work and careful thought that have gone into further integrating sustainability and climate issues into the Group’s strategy over the last year. We are very proud of this achievement, but we also know that the work toward building a more sustainable future for BNP Paribas and its clients is still a long journey.”
Sébastien Soleille, Global Head of energy transition and environment of BNP Paribas
Photo credit: Stefan