Net-zero progression of the year
According to Environmental Finance Magazine, “BNP Paribas has gone beyond its commitment to being a signatory of the Net Zero Banking Alliance (NZBA) to align its “whole business” with the transition, which encompasses creating solutions for clients and scaling up a data-driven approach to transition on top of NZBA’s requirements.”
This award follows BNP Paribas’ long-standing commitments to supporting the energy transition. In particular, the Group announced its commitment to financing a net-zero economy by 2050 in joining the Net Zero Banking Alliance last year and this May, the Group released its first climate alignment report detailing how the Group is working to align its loan portfolio with net-zero pathways.
To better understand exactly how the Group has been able to achieve this progression throughout its business lines, we spoke with Imene Ben Rejeb-Mzah, Head of Climate Analytics and Alignment (C2A) Data Analytics. In this video Imène explains why data and methodologies like the open-source methodology PACTA, co-developed by BNP Paribas, a think tank and four other banks, have allowed us to define the alignment strategy of our loan portfolios with Net Zero pathways in the most sensitive sectors.