Innovation, sustainability and society
We have a strong commitment to enable, support and drive development towards a sustainable and inclusive net-zero economy. Real-world actions are needed to achieve a positive impact.
Innovation
In response to the changing world around us, we adapt to the changes that affect our customers, and constantly develop our services to meet our customers’ needs. In addition to this, we want to support and drive innovation that creates positive value. Innovation is opening new horizons for serving our customers. It is also key for developing solutions that will help us reach a sustainable net-zero economy by 2050.
Because innovation is the result of a vast collaboration between a multitude of players, BNP Paribas encourages the dynamics of this ecosystem by bringing together companies, institutions, start-ups, entrepreneurs, networks and associations though various initiatives throughout the year.
In addition to this, BNP Paribas also invests in start-ups, directly through full acquisitions or equity interests, or indirectly, through third-party funds. For the Group, this value-creating approach may, with time, improve the financial sector’s experience further, benefiting all customers.
Sustainability
To address societal and environmental challenges, BNP Paribas decided at a very early stage to make acceleration in sustainable finance a strategic priority. In this way, the Group is helping to create a world that is more environmentally friendly, more inclusive, and more sustainable by helping to finance its customers’ environmental transitions and accompanying their switch to a more responsible model at all levels.
Our initiatives and actions are focused around the following areas:
What is BNP Paribas doing to facilitate the energy transition?
At the very heart of the BNP Paribas Group’s raison d’être is its ambition to be a leading player in the movement towards a more sustainable economy. In facing the climate crisis, banks have a major role to play by redirecting financing from the most carbon-intensive energy producers to those creating green energy. As number 1 in the world for green bonds at the end of 2023 (according to Bloomberg) for a second consecutive year, BNP Paribas has shown its strong commitment to contributing to a sustainable economy. How will we continue to do so? Through supporting a multitude of actors and innovations that foster both low-carbon energy and the reduction of CO₂ emissions, driven by a clear purpose: financing a carbon neutral economy in 2050.
Low-Carbon Transition Group
Our Low-Carbon Transition Group (LCTG) is a dedicated organization that capitalizes on the Group’s leadership in capital markets and sustainable finance to support our customers around the world at all stages of their transition process. Our LGTG provides the following services to our corporate and institutional clients:
- Advise clients on the evolution of their business models and the alignment
of their capital structure with the challenges imposed by the transition - Help clients offset their residual carbon footprint
- Support clients in the transition of their daily activities.
To this end, the LCTG intends, by 2025, to bring together the expertise of 250 international professionals and capitalise on a broader set of skills within the banking business. It also provides our customers, key accounts, start-ups and institutional investors with our banking and extra-banking expertise.
Society
BNP Paribas has long been committed to carrying out positive actions within the countries where it operates. In this capacity, we call on all sources of leverage at our disposal, as an economic player, as an employer, and as a philanthropist via the BNP Paribas Foundation. We take active part in the transformation that began several years ago towards a society that is more focused on solidarity and environmental protection.
1MillionHours2Help – solidarity program for employees
Our solidatiry programme 1MillionHours2Help allows employees to get involved in solidarity initiatives during their work time. The programme’s four main themes are:
- Promoting social inclusion of young people
- Accelerating the energy transition
- Supporting small businesses with positive impact
- Improving local communities