2025 Integrated Report

Editorial

“Financial institutions play a key role in directing capital towards the transformation of energy value chains.”
Séverine Mateo
Head of the Low-Carbon Transition Group, BNP Paribas

“The energy transition is currently taking place in a context shaped by an increasingly challenging trilemma involving three essential objectives: security of supply, affordability and decarbonisation.

This balance is becoming harder to achieve due to an unparalleled acceleration: the growing electrification of end uses and the rise of artificial intelligence are expected to lead to an unprecedented surge in energy demand over the next decade. These dynamics are reshaping demand for energy and digital infrastructure and call for new investment models that match the scale of the challenge.

DIRECTING CAPITAL TO MEET GROWING INVESTMENT NEEDS

In this context, the coordinated deployment of public and private capital is decisive. Energy companies, industrial and technology players, governments, and investors are adapting their strategies to meet the scale of investment required to develop these infrastructures.

Financial institutions have a key role to play in structuring, mobilising and directing capital towards the critical infrastructure and technologies that will underpin the transformation of energy value chains. At BNP Paribas, our mission is to support our clients at every stage: informing strategic decision-making, facilitating mergers and partnerships, and structuring and raising the financing required for large-scale investment programmes.

HARNESSING OUR SOLUTIONS TO SERVE OUR CLIENTS’ TRANSITION STRATEGIES

Established in 2021, the Low-Carbon Transition Group (LCTG), which brings together advisory and financing activities dedicated to supporting our clients in their transition to a low-carbon economy, is accelerating the deployment of the Bank’s solutions. We have placed five sector priorities at the heart of our roadmap: power generation, energy infrastructure development, mobility electrification, heavy industry decarbonisation and supply chain resilience.

In 2025, among other achievements, our teams advised on the financing of the Sizewell C nuclear power station in the United Kingdom, supported Vulcan Energy Resources Ltd.’s geothermal lithium production project in Germany, and advised Ionity on the expansion of its electric vehicle charging infrastructure network across Europe.

These examples illustrate the pivotal role that BNP Paribas intends to play in enhancing Europe’s energy and industrial sovereignty, by mobilising its advisory and financing expertise in support of flagship projects that contribute to a low-carbon, resilient economy.

Given the scale of the transformations under way, the ability to raise long-term capital, structure complex financing and support industrial transformation in the sector will be critical. We are therefore fully committed, alongside our clients, to supporting the transition to a low-carbon model and strengthening the resilience of the energy system.“