A committed and responsible bank
At BNP Paribas, having a positive impact on our stakeholders and society is the ethos underpinning our success. We attach paramount importance to delivering sustainable finance solutions to clients that make a positive contribution to one or more of the three key foundations of sustainable development: economic, social and environmental.
We have a long-standing commitment to sustainability and responsible banking is embedded in its business model.
- Globally, BNP Paribas has been named Green Bond Lead Manager of the Year for Corporates by thought-leading publication, Environmental Finance. The award recognises the bank’s expertise, commitment and innovation in helping corporate clients to access the Green Bond market, as well as supporting sustainable growth.
- BNP Paribas India has been the joint book-runner for
- IDBI green bond issue (2015).
- Rural Electrification Corporation green bond issue (2017).
- Global partnership between UN Environment and BNP Paribas in December 2017 to set up sustainable finance facility.
- Target is to reach € 9 billion by 2025.
- BNP Paribas will act as the financial advisor.
Systematic integration and management of environmental, social and governance risks
- Share of loans to companies subject to an environmental and social management system, which is specific to the concerned activity.
- As a bank, we are led to finance a number of industries, some of which present major environmental, social and governance (ESG) challenges. This is the case in the defence, palm oil and nuclear energy industries, for example. For these sectors, we have outlined policies, which take into account ESG standards, in addition to economic performance criteria, when making financing and investment decisions.
- Developed in cooperation with independent experts, these public policies apply to all of the Group’s business lines and countries where we are present.
- BNP Paribas has decided to cease all its financing related to the thermal coal sector in 2030 in the European Union, and worldwide by 2040.
- The Group is also strengthening its support for the development of renewable energies, with a new financing target of € 18 billion by 2021.
Products and services that are widely accessible
- The BNP Paribas Group has set a goal of making its ﬁnancial products accessible to as many people as possible in order to promote economic development and microfinance is one of the steps in that direction.
- We believe that microfinance enables low-income populations to benefit from access of financial services. Hence, we have made financial inclusion and social entrepreneurship as one of the key commitments in our corporate social responsibility (CSR) policy, in line with the United Nations’ Sustainable Development Goals 1, 2, 5, 8, 10 and 17.
- We directly finance more than 30 MFIs in 17 countries.
- Our commitment to the sector amounts to almost €300 million in financing and investment.
- Today we have enabled 358,000 beneficiaries to get micro loans, exceeding our commitment to supporting in excess of 350,000 individuals and their families by 2020.
- In India alone, we have benefitted approximately 250,000 beneficiaries through our network of MFIs as on Sep 2018. Over the past decade, we have supported 21 MFIs up to Euro 220 million and benefited over 1.2 million borrowers.
As the Bank for a Changing World, we remain committed to building a more sustainable future, where Corporate Social Responsibility (CSR) goes beyond altruism. A key driver of value, CSR is a strong conviction that guides everything we do. It is a long-term business imperative that embodies BNP Paribas’ business values and sits in line with the UN Sustainable Development Goals (SDGs).
At the start of World Water Week 2020, we go back to when our Global Sustainability Partner Craig Leeson visited Mumbai to bring greater awareness of the twin perils of plastic pollution and climate change on water systems.
Click below to watch the video