For the first time, BNP Paribas has been named as the “World’s Best Bank for Sustainable...
BNP Paribas, top European bank in Vigeo Eiris’ 2018 rating
With an overall score of 70/100 (+6 points compared to January 2017), BNP Paribas recorded in 2018 its best performance in Vigeo Eiris’ extra-financial rating since its first participation in 2003.
BNP Paribas consequently ranks first in the sector of “Diversified Banks” in Europe.
Moreover, the Group maintains its presence in the Euronext - Vigeo Eiris ethical indexes*: World 120, Eurozone 120, Europe 120 and France 20.
This strong progression of the Group’s overall score is due to an increase of its scores in most areas of this assessment. In particular, BNP Paribas’ scores significantly increased in the following domains compared with 2017: Environment (+12 points), Corporate Governance (+9 points) and Human Resources (+7 points) – a sector in which the signature of a global agreement in September 2018 between BNP Paribas and the International Global Union UNI strongly contributed to increasing the scores (see Vigeo Eiris’ press release).
In addition, this year, the Group has especially well performed in the following criteria, obtaining scores equal or superior to 80/100:
- “Environmental strategy” in the Environment domain;
- “Social dialogue”, “Reorganisation and restructuring” and “Career management” in the Human Resources domain;
- “Shareholders” and “Board of Directors” in the Corporate Governance domain.
BNP Paribas Group Head of Corporate Social Responsibility
“BNP Paribas’ steady presence in the Euronext - Vigeo Eiris ethical indexes is for us both a source of pride and a sign of success. Indeed, with an overall score of 70/100, the Group carried out a historical performance this year, while maintaining its position as a leader of the European banks. These results reflect the commitments taken by the Group in the field of its social and environmental responsibility, and their effective deployment across all its activities. It therefore encourages us to go further in this direction to contributing to more sustainable and equitable growth”
Vigeo Eiris and BNP Paribas
Created through a merger of two leading European agencies that specialised in rating companies and organisations on their environmental, social and governance (ESG) performance, Vigeo Eiris is a world-reputed extra-financial analysis agency.
BNP Paribas has been taking part in the Vigeo Eiris (formerly Vigeo) ratings process since 2003. The Bank is required to fill out a questionnaire detailing its business and its corporate ESG policies. The questionnaire comprises six sections covering the six major domains which Vigeo Eiris sees as having major extra-financial impacts on a bank such as BNP Paribas, namely: Environment, Human Resources, Human Rights, Community Involvement, Business Behaviour and Corporate Governance.
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