Euromoney and IFR recognise BNP Paribas
In 2022, BNP Paribas received numerous awards for its support to customers and a more sustainable economy. The Group has been awarded several distinctions in different financial and non-financial categories by the leading magazine Euromoney, including “World’s Best Bank for Sustainable Finance” and “World’s Best Bank for ESG Data & Technology”. This recognition highlights the Group’s European leadership and its ability to enable its customers to reach global markets thanks to the expertise of our local teams. BNP Paribas also won several awards at the IFR Awards organised by International Finance Review (IFR), notably: “Bank of the Year” and “Bank for Sustainability”.
Climate Report: an integrated vision of our climate-related strategy and actions
The first edition of our Climate Report has been published in May 2023. It aims to present, in a single document, BNP Paribas’ climate strategy, its climate-related risks and opportunities and the alignment of its financing with carbon neutrality commitments by 2050. This report merges two reports that coexisted in 2022: the Task Force on Climate-Related Financial Disclosures (TCFD) report and the Climate Analytics and Alignment report. The Climate Report describes our decarbonisation objectives for our credit and investment portfolios. On the loan portfolio, it shows our progress on the 2025 objectives published in 2022 for three high-emitting sectors (Power generation, Oil & Gas exploration-production, Automotive), and sets targets for 2030 for three new sectors: steel, aluminium and cement.
“Since 2011, financing the energy transition has been the top priority of our environmental responsibility policy. In 2021, we made a commitment to steer our activities towards financing a carbon-neutral economy by 2050. At the end of 2022, we were already financing more low-carbon energy production, mainly renewables, than fossil energy production. In 2023, we took a significant step forward by accelerating our oil exploration and production phase-out trajectory and ceasing all financing dedicated to the development of new oil and gas exploration-production activities. By 2030, our ambition is for 80% of our energy financing to be low-carbon. Faced with the climate emergency, we are fully playing our role to accelerate the energy transition of the economy.”