Financing Policy – Seeking to finance responsible projects that favour the protection of the environment.
- In 2012, BNP Paribas joined the Equator Principle Steering Committee for a three-year period, alongside 13 other financial institutions. As a signatory to the “Equator Principles”, BNP Paribas adheres to set Environmental & Social (E&S) standards when evaluating and managing social and environmental risks in project finance. More information can be found on the Equator Principles official website.
- For sensitive sectors that raise strong environmental and social concerns, the Bank has set up CSR policies in order to push its standards beyond the requirements of a legal framework, and to exercise its own influence on particularly sensitive sectors. Since 2010, the BNP Paribas Group has published policies for six particularly sensitive sectors: palm oil, paper pulp, nuclear power, coal-fired electricity generation, non-conventional oil production from oil sands, and mining.
As the sector policies concern all employees, the Group developed an expert e-learning training course on sector policies which help employees to understand the issues in sensitive sectors, to identify BNP Paribas’ response and to know where to obtain information within the Group. Through these policies, BNP Paribas manages its financing and investments activities in particularly sensitive sectors and helps to limit its exposure to climate change.