“2023 saw a sharp acceleration in our financing of low-carbon energies to contribute to the necessary transition of our economies and our societies.“
90 %
of our energy financing will be dedicated to low-carbon energies by 2030.
SUSTAINABILITY
Accelerating the substitution of fossil fuels for low-carbon energies
As part of GTS 2025, in 2023 we launched a new strong phase of acceleration in our energy transition financing activities. While BNP Paribas had, for the most part, already shifted its stock of energy financing towards low-carbon energies, with a share of 54% at the end of 2022, we strongly accelerated in early 2023.
A sustained rate of progress
The strong collective mobilisation of our teams alongside our clients already allowed us to reach 65% by the end of 2023. It should further enable us to cross the 80% low-carbon milestone in the Group’s stock of energy production financing by 2028. This decisive step has led us to raise our target to 90% by 2030. As a result, fossil-fuel financing will have fallen from 90%(3) to below 10% in less than 20 years. Another concrete indicator of our leadership in the transition to a sustainable economy is our ranking as #1 in 2023 for ESG bonds and loans(4). At the same time, we’re pursuing our trajectory of reducing the financing of the highest-emitting energies, in accordance with our commitments.
Placing people at the heart of an innovative and inspiring future
In a continuously evolving context, our “People Strategy” strives to create the conditions for individual and collective performance by working, notably, on the challenges relating to recruitment, attractiveness and commitment.
Recruitment: preparing for the future
Faced with the significant challenge of recruiting certain profiles, particularly in data, IT and artificial intelligence, we have initiated a comprehensive internal work-study programme. Our employees can benefit from internal mobility and then receive ongoing training in their new position. The first 30 employees took up their Business Analyst positions while following training to strengthen the skills related to this new position. Building on its success, this initiative will soon be extended to other professions.
Attractiveness: reinforcing our “employer offering”
To meet the new aspirations of our current and future employees, we have made our overall compensation package easier to understand. We also strengthened the scope and quality of our training offering. It relies, notably, on our Digital, Data & Agile Academy and our Sustainability Academy, which are open to all our teams and address technological, societal and environmental challenges.
Commitment: making involvement possible for everyone
We involve our teams in the implementation of our societal commitments, such as social inclusion. By participating in our international volunteer programme - #1MillionHours2Help - they can conduct solidarity actions during their working time. Moreover, we have built HR pathways adapted to the different stages of their life (for the birth of a child or on retirement, for example) in order to continuously improve the employee experience.
“To meet the challenges posed by the acceleration of technology, the environment and the changing relationship with the workplace, we are more than ever a learning company.“