2024 integrated report

Impetus

SUSTAINABILITY

Supporting our clients in their transition to a sustainable economy

Since 2022, we have devoted €179 billion to supporting our clients in their projects to transition towards a low-carbon economy. A true acceleration was marked in 2024 with €75 billion of finance and support. For BNP Paribas, advising clients in their transition also means helping them leverage all solutions, including low-carbon energy projects, circular concepts in real estate or IT, and regenerative agriculture. As such, together alongside its clients, the Group contributes to a solid and more sustainable economy. This economy must also, and above all, leave no one behind. At BNP Paribas - nominated “World’s Best Bank for Financial Inclusion” by Euromoney magazine - our teams apply their expertise with this conviction every day.

A LEADING PLAYER

As the world’s leader in sustainable bonds and loans issuance(1) for the second year running, BNP Paribas reasserted its role in financing a more sustainable economy. We are also pioneers in financial engineering and in 2024 launched the first public blue bond(2) in France as well as the first fund dedicated to forestry.

#1IN THE WORLDon sustainable bonds and loans(1) for the second consecutive year.

“Through the expertise and commitment of our teams, we support our clients in their projects every day, so they can seize the opportunities provided by the transition and, together, build a truly sustainable economy.”

Anne Pointet, Head of Company Engagement
  1. Dealogic 2024: total GSS bonds (green, social, sustainable, and sustainability-linked bonds) and GSS loans (green, social, ESG-linked and sustainability-linked loans).
  2. A blue bond aims to raise capital from investors to finance marine and ocean projects with positive impacts for the environment, the economy and the climate.

Developing skills and ensuring the well-being of our teams to meet our strategic challenges

In a context marked by rapid technological changes and increasing regulatory requirements, we are continuing to roll out our People Strategy by focusing on three dimensions.

MEETING RECRUITMENT CHALLENGES

Faced with recruitment tensions and rapid changes in our businesses, it is both essential and a challenge to have the right person in the right place at the right time. In response to these needs, we are rolling out our internal work-study programme. It involves offering internal mobility opportunities for our employees while providing training to bolster the skills related to their new position. Launched in several countries in job positions with a strong technical dimension, such as business analysts and cybersecurity experts, this initiative was extended to commercial professions in 2024 and will be deployed further.

ALIGNING SKILLS NEEDED BY OUR TEAMS WITH THE COMPANY’S STRATEGY

To support our strategic plan, we work with our teams daily to develop their skills. This is achieved by reinforcing our training system and launching a new tool to establish the skills that the Group will need in the future. Developed in partnership with managers to facilitate the implementation of concrete actions, this Strategic Workforce Planning (SWP) identifies candidates and training needs. Moreover, we enhanced our training offering in terms of data and AI, and our Sustainability Academy provides all our teams with high value-added training.

ENSURING THE WELL-BEING OF OUR EMPLOYEES

In 2024, we renewed the agreement on fundamental rights and the Group’s global social baseline, with UNI Global Union, the international trade union federation. Applicable to all our employees as of 1 December 2024, it has incorporated the changes in our working methods since its initial signing in 2018 and makes it possible to strengthen, in relation to local regulations, the fundamental rights of our teams on subjects such as teleworking and parenting support. Furthermore, the Group is committed to the protection and support of employees, with the development of the global “We Care” programme for health and well-being around two major risks: sedentary lifestyles and mental health.

“Attentive to the needs of our employees and in partnership with managers, Human Resources is continuously adapting to the changing needs of the business lines in order to meet our goals.”

Sofia Merlo, Head of Human Resources