BNP Paribas and sustainable finance: Highlights of our news since January 2019
21.08.2019 | CSR
Sustainable finance is anchored in a long-term ethical vision of financial investing. It seeks to reconcile economic performance with positive social and environmental impact, by funding companies that actively contribute to sustainable development. Green finance, social business, social impact bonds, socially responsible investing—Sustainable finance touches many different aspects of society and takes on several forms. By developing several green initiatives and international partnerships, BNP Paribas has become a major player in sustainable finance.
Points to remember in 2019...
BNP Paribas employees are working alongside customers to build a new inclusive and sustainable bank model. The result of these efforts: BNP Paribas was named “Best bank in the world for its Corporate Responsibility” in 2019 by Euromoney. The Group is today a leading player in green bonds with outstandings of nearly EUR 900 million: a world record! This market has multiplied by a factor of 40 within five years, from USD 4.5 to 167 billion in 2018.
BNP Paribas is also working for more sustainable agriculture, particularly in India and Indonesia, in order to optimise productivity and farms’ carbon footprint. To do this, the Group has put in place several cutting-edge financial solutions, such as sustainable loan platforms.
Our commitment to sustainable finance responds specifically to the expectations of young generations, the Millennials, as highlighted by Béatrice Verger, head of SRI promotion at BNP Paribas Asset Management.
Credit photo header: ©SHUTTER DIN