Advancing sustainable mobility
Around the world, the need to reduce travel-related CO2 emissions is widely recognised. As a long-standing mobility player in Europe, BNP Paribas is shifting the line with a structured roadmap to help transition to a more sustainable mobility.
BNP Paribas committed early on to removing barriers to the deployment of electric mobility. The Group is making this transition through several of its business lines, operating across the entire electric mobility ecosystem, from the manufacturer to the end user.
Accelerating the electrification of vehicle fleets
To contain fleet management costs and accelerate the energy transition thanks to data, Arval launched Arval Connect. Thanks to accurate diagnostics, collected on each vehicle, this solution enables Arval’s customers to optimise their fleet management. The BNP Paribas subsidiary also finalised the acquisition of Terberg Business Lease Group BV, thanks to which Arval can diversify its commercial product offering further, becoming one of the largest players in mobility on the Dutch market.
In collaboration with Engie, Arval and BNP Paribas Leasing Solutions designed a global offer for Arcelor’s Ghent site to encourage electric mobility. The offer includes vehicle rental and the installation of charging stations in its car parks and at its employees’ homes.
BNP Paribas Fortis is also accelerating transition by switching to a fleet of plug-in hybrid and electric cars. To do this the buildings at its headquarters in Brussels have been equipped with a total of 292 charging stations with the software solution of the scale-up Optimile, specialised in the development of software products supporting multimodal mobility and recharging of electric vehicles.
Developing the green technology market
As a leading European player in charging infrastructure leasing, BNP Paribas Leasing Solutions, signed three major partnerships with: TSG, the leader in responsible mobility solutions in Europe, offering financing solutions tailored to TSG’s client companies; the municipality of Antalya in Turkey, to finance the city’s new electric buses; and ABB, the world leader in electrification and automation technologies for its electric vehicle chargers in the United Kingdom and Turkey.
Reconciling environmental issues and purchasing power
In France, BNP Paribas Personal Finance offers low-income households an inclusive car financing solution to facilitate “Crit’Air 1 or 0” qualified electric or plug-in hybrid vehicle acquisitions. The lease with an option to purchase (LOA) for new or used vehicles can be extended to 10 years for less than €150 per month, with the possibility of becoming the owner of the vehicle at the term of the lease payments.
€1bn
This is the Group’s objective of additional revenue by 2025 from its cross-functional initiatives in the field of mobility.
Decarbonisation of industry in an accelerated mode
Decarbonising industry is a major challenge for the economy and the environment. To drive it forward, in November 2022, BNP Paribas launched the European “Decarb Fast Track” programme in partnership with Metron, Dalkia and Amazon Web Services (AWS). Its aim? To avoid up to 100,000 metric tons of CO2 emissions by equipping 100 industrial companies with an energy management solution for their sites.
A pioneering issue for the Chilean State
In March 2022, the Republic of Chile launched a sustainable development bond for an amount of US$2bn, including performance indicators related to the reduction of emissions and the use of renewable energies in the country. Chile is the first country in the world to use sovereign debt to finance its long-term climate initiatives and accelerate its energy transition. BNP Paribas acted as co-structuring agent and co-bookrunner. The operation bolsters the leadership of Financial Institutions Coverage teams in sustainable finance and makes our Corporate & Institutional Banking division a reference in sovereigns in Latin America.