Some examples of circular actions
In the insurance business lines, circularity is based on three main levers: repair, limiting the distance repaired equipment travels, and replacement with refurbished equipment. For instance, in partnership with Orange, BNP Paribas Cardif offers a service contract to protect new or refurbished mobile devices against everyday risks. The customer can choose to have their device repaired rather than purchasing a new one. The insurer also signed a partnership with Boulanger to offer a paid repair service for all household appliances.
In the real estate sector, circularity is reflected in a sustainable approach to the design, construction, management and use of buildings. BNP Paribas Real Estate applies eco-design of buildings and waste recovery in its projects, as for the construction of its METAL57 headquarters, inaugurated in March 2022. It also shares its expertise by participating in collective actions through the Circolab association and the Reuse Booster.
In the wealth and asset management business lines, the circular economy translates into the development and marketing of specialized funds and investment in non-listed pure players. So it was that in 2019, BNP Paribas Asset Management launched the first fund dedicated to the circular economy, BNP Paribas Easy ECPI Circular Economy Leaders, with an outstanding amount of more than €900 million at the end of 2023. The Group’s asset manager has also invested in Phenix, a company specializing in the management of unsold food.
A booklet to grasp everything at a glance
What does the circular economy mean for IPS? To find out all about the actions taken by the insurance, savings, investment and real estate business lines at BNP Paribas, simply download the document!
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