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03.05.2017 | Sustainable finance
As part of its long-standing commitment to help combat climate change, BNP Paribas commits to becoming carbon neutral by the end of the year in terms of the CO2 emissions arising from its own operations.
Jean-Laurent Bonnafé, BNP Paribas Chief Executive Officer said: “Over the last few years, we’ve taken some significant steps with our climate-related policies. For instance, we doubled the funds earmarked for financing in the renewable energy field – to €15 billion by 2020 – and also decided to cease financing coal-fired power plant projects. This new target of making our own operations ‘carbon-neutral’ will enable us to take our contribution to limiting global warming a stage further.”
With this commitment, BNP Paribas is strengthening its position as one of the European banks making the most effective contribution to attaining the COP21 climate goals.