Empowering efficient energy to accelerate change

Energy efficiency: growing awareness among companies

Referring to a company’s energy efficiency relates to its capacity to reduce energy consumption throughout its processes - in buildings (offices, warehouses, and industrial buildings), production facilities, transport or sales outlets, for example -  to achieve savings.

The drive for energy efficiency is gaining momentum. As of  the Paris Agreement to COP21, the UN’s Sustainable Development Goals, the international community has been rallying in both the public sector (governments and large organisations) and the private sector (companies and individuals), for increasingly demanding national and international CO2 emission reduction standards, a greater focus on renewable energies, building upgrades and sustainable mobility among other targeted areas of action. 

As such, companies can no longer ignore the need to be energy efficient, yet achieving this is a challenge that calls for assistance.

Identifying the tools that are available to companies

Regardless of a company’s economic sector or size innovative solutions exist, and more are being developed, to help both companies and their customers significantly improve their energy efficiency in a sustainable way.

Assessing energy consumption is a first step in the process towards efficiency. Energy audit services now help companies identify areas where they can improve, prioritise, and determine how to apply changes. BNP Paribas provides expert advice to its customers through comprehensive assistance, from audit to production and logistics chains (such as measuring carbon footprints, for example), to calculating the savings produced by heightened energy efficiency.

To do so, BNP Paribas uses several tools:

• A partnership with La Poste and its Economies d’Energie SAS (EDE) subsidiary, in order to identify energy-optimisation solutions suited to each company;
• Access to the Change to Green platform (through the EDF partnership), which offers a comprehensive assessment including full diagnosis, analysis and renegotiation of energy contracts, and financing proposals for identified needs;
• Arval, BNP Paribas’ vehicle leasing and servicing subsidiary, offers mobility and sustainable mobility solutions including a data analysis platform for fleet managers that suggests sources of energy efficiency ranging from alternative fuel-efficient vehicles or changing driving habits.
• BNP Paribas is also investing in innovative solutions such as METRON for the Group. METRON provides an energy intelligence platform that compiles, aggregates and analyses all data generated by industrial systems in real time.

Financing better energy performance 

Thoroughly converting a company towards better energy performance entails an initial investment that will generate savings and increased competitiveness in the long-long. In supporting this preliminary investment, financial establishments play an essential role in the transformation of companies and the economy at large.

BNP Paribas offers innovative sustainability-linked financial solutions to companies that have committed to an energy performance approach, as well as to individual clients. We get involved in the early stages of major projects to help meet financing needs that align with energy transition in general, and in certain projects focused on energy savings in particular. This may be in the form of helping to issue sustainably-linked bonds (SLBs) or sustainability-linked loans (SSLs). 

A clear example of this activity, among others, is the financing assistance led by BNP Paribas’ Corporate & Institutional Banking (CIB) division of a vast renovation project for UK energy distribution networks called the “Viking Link”.

Energy efficiency, a transformation within BNP Paribas

Doing our utmost to assist our customers has always been what drives us forward at BNP Paribas. As such, we are also applying the collective push towards better energy performance to ourselves. The objective to be energy efficient is by consequence reflected within our internal operating processes, namely through:

• Our commitment, in 2017, to achieving carbon neutrality in our operating perimeter, and reaching 2020 energy performance objectives ahead of schedule;
• The GC4E (Green Company for Employees) programme which sets in-house energy efficiency targets such as to reduce the use of plastic, to encourage sustainable mobility or apply green IT.

To encourage a virtuous momentum in energy efficiency for both its customers and the Group, BNP Paribas also relies on pooling the strengths and expertise of other major players in the economy, such as Solar Impulse, Engie and Michelin via the Energy Efficiency community of interests, Movin’On.

Systematically integrating optimal energy performance is also one of the priority challenges embraced by BNP Paribas Real Estate. In the European Union, as in the rest of the world, the building sector persists as the highest energy consumer and is as such therefore focus for improvement. Since 2011, 100% of our commercial real-estate development operations in France feature one or more environmental certifications with high performance indicators, and 100% of our housing development programmes include environmental or quality certification. This approach is illustrated by the Metal 57 project, at Boulogne-Billancourt, near Paris. It is the future headquarters of BNP Paribas Real Estate and a flagship of energy efficient construction.

Photo credits:  ©xiaoliangge // ©Hervé Plumet // ©jamesteohart
Metal 57 ©Dominique Perrault // ©Westend61 // Viking Link ©National Grid