Energy efficiency

Global warming and its harmful consequences for our planet are a major and urgent challenge that concerns everyone in our societies, from governments to companies and individuals. At the heart of the economy, financial institutions have an essential role to play by offering innovative solutions to help reduce energy consumption and promote a more sustainable economy. Against this backdrop, how is BNP Paribas organising itself to limit its own environmental impact and to support companies and individuals in their transition to more responsible energy practices?

Reducing energy consumption in our branches and office buildings 

In 2022, BNP Paribas identified the levers it would use to comply with the French government's energy sobriety plan, which aims to reduce energy consumption by 10% by 2024. Since then, a number of initiatives have been taken which have enabled us to exceed this target.

The 3 levers of energy efficiency

The Group acts mainly on 3 levers: the continuous improvement of energy performance, the implementation of work and investment plans, and the active participation of employees.

'In terms of our environmental impact, the biggest reduction in 2023 has been in the energy consumed by our buildings (25% reduction worldwide compared to the previous year). Such a result cannot be achieved without a combination of three factors that mobilise teams throughout the company: optimising the surface area used, improving the energy quality of our buildings and using them more sparingly on a daily basis'.

Laurent David

Deputy Chief Operating Officer, BNP Paribas

Involvement of all Group teams

The employees have played a key role in the adoption of the necessary environmental measures, such as:

  •  Working on site at the new temperatures required by the regulations: 19°C in winter and 26°C in summer, as confirmed by the Ministry of Energy Transition in June 2023;
  • The elimination of hot water in washrooms;
  • Closure of certain buildings with low occupancy during holiday periods.

Other eco-actions have also been implemented, such as more responsible use of computer screens (switching off standby mode), installing indoor presence detectors and switching off lights at night.

All these joint efforts have borne fruit. By 2023, the energy savings achieved in France had led to a 15% reduction in the energy consumption of the entire BNP Paribas real estate portfolio (bank branches, office buildings, data centres) compared to the same period the previous year.

Green Buildings

Green Buildings is a BNP Paribas Group programme that manages and coordinates the environmental policy of its buildings. Green Buildings aims to reduce energy and water consumption, promote the circular economy and encourage sustainable mobility in our branches, office buildings and data centres.

In addition to its efforts to optimise and reduce the energy consumption of its own buildings, BNP Paribas offers its corporate, professional and individual clients a wide range of solutions to help them optimise or reduce their energy needs.

Supporting companies in their energy efficiency and savings strategies

Throughout the world, the Group helps its clients make the transition to sustainable development, in particular by supporting their efforts to reduce their energy consumption.

Financing and investment to optimise and reduce energy consumption

For BNP Paribas CIB, this means providing loans or issuing green bonds for its clients' projects aimed at limiting their energy consumption or improving the energy efficiency of their facilities, such as those of the US heating and air-conditioning network operator Vicinity Energy or the urban transport projects of the Bank of China.

BNP Paribas' commitment to these issues is also reflected in its investments in CleanTech and GreenTech start-ups. For example, BNP Paribas has invested in Metron, a CleanTech company specialising in energy efficiency and helping businesses optimise their consumption.

In the building sector, the Group's real estate subsidiary, BNP Paribas Real Estate, is committed to achieving levels of energy savings higher than current regulations. It also implements optimisation solutions to progressively reduce the energy consumption and carbon emissions in the office buildings and commercial premises it builds, renovates and manages.

Towards more moderate and sustainable professional mobility

A specialist in mobility solutions, Arval currently manages the long-term leasing of more than 1.5 million vehicles and plans to manage a fleet of 700,000 electric vehicles by 2025. With numerous solutions that facilitate vehicle sharing, multi-modal travel and eco-driving, Arval offers its corporate customers and employees a wide range of initiatives that contribute to more energy-efficient mobility.

Partner of our private customers' low energy consumption

In many countries, older homes, which are often poorly insulated or equipped with inefficient heating systems, consume a lot of energy and add to the carbon footprint of their occupants. Conversely, more recent homes tend to be energy efficient, such as those built by BNP Paribas Real Estate, all of which are certified and labelled to guarantee compliance with standards and controlled energy consumption

As part of its retail banking activities, BNP Paribas plays an important role in helping its customers to maintain and renovate their homes by offering advice and tailor-made financing solutions.

In Belgium, BNP Paribas Fortis offers the Prêt Energie, a low-interest loan for energy renovations, while in Italy, BNL offers a range of solutions with partners specialising in renewable energy. These can take the form, for example, of reduced rates on boilers and heat pumps through Plénitude, a subsidiary of the energy company Eni, or a remote energy monitoring service with Puma Security, which allows electricity consumption to be monitored and controlled in real time via a mobile application.

In France, BNP Paribas offers energy renovation solutions to private individuals, helping them to identify their priorities, check their eligibility for financial support and find the best financing solution. In 2024, BNP Paribas and EDF signed a partnership agreement to offer energy renovation solutions to the Bank's customers in France. The Bank’s advisors will help customers identify the work required, with the support of IZI by EDF simulators. The initiative offers a comprehensive range of services, including financing through Domofinance, the specialist subsidiary of BNP Paribas Personal Finance, and access to government grants to reduce the cost of energy renovation projects.

As a specialist in personal finance, BNP Paribas Personal Finance also offers preferential rates for financing home energy projects, particularly for low-income households.

The transition to a low-carbon economy, with the goal to achieve net-zero emissions by 2050, requires efforts to reduce energy consumption and increase the use of renewable energies. BNP Paribas is committed to supporting all its clients on this journey.