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Supporting institution

BNP Paribas

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Last updated: August 2023


BNP Paribas has demonstrated a keen awareness of climate issues and has been committed to fighting climate change for many years. Being the largest European bank entails the responsibility to reallocate financing towards low-carbon projects, with the aim of contributing to a net zero economy by 2050.

BNP Paribas committed to progressively align its credit portfolio with the objectives of the 2015 Paris Agreement. The Group also took strong and early business decisions: first coal-restrictive policy in 2010, stopped oil project financing in 2016, ceased business with unconventional hydrocarbons specialists… Upon joining the Net Zero Banking Alliance as a founding member in 2021, BNP Paribas committed to setting decarbonization targets for 10 sectors by 2024: it has already published targets for Power Generation, Oil & Gas, Automotive, Steel, Aluminium and Cement.

The integration of climate change in the Bank’s operations is visible in its 2025 strategic plan,“GTS (Growth, Technology, Sustainability)”.

The Group has defined three strategic areas to accelerate the implementation of its commitments in sustainable finance: aligning its portfolios with its carbon neutrality commitment (with credit and investment portfolios targets), engaging with clients to support them in the transition towards a sustainable economy and strengthening related steering tools, processes and set-ups.

The GTS plan includes two KPIs directly related to climate action: the reduction of its own operational emissions and the amount of support for the transition of large corporate clients to low-carbon (EUR 44 billion by end-2022, EUR 200 billion target by 2025). The “Low Carbon Transition Group”, a group of 250 professionals by 2025, has been created to support large clients’ transition to low-carbon. Eventually, the Group offers training to its employees about sustainability (eg. via its “Sustainability Academy”).

BNP Paribas’ climate strategy is detailed in its 2022 Climate Report (issued in May 2023).

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