“The uniqueness of what we bring to our clients is also our ability to mobilise low-carbon transition expertise beyond banking, that we have been building over the last ten years. As a member of the Net-Zero Banking Alliance, we are determined to strengthen our climate action, in order to help our clients and our world to face the challenges of the future.“
Reinforcing the critical role of banks in achieving a low carbon economy
Jean-Laurent Bonnafé, BNP Paribas CEO, explains how the bank is accelerating the transition to a low carbon economy on the road ahead to COP26.
The world entered a new era towards climate action in 2015 when the United Nations published its Sustainability Development Goals (SDGs) and the Paris Agreement set a target to become a net zero emissions world from 2050.
Net zero means ensuring human-led activities do not add new greenhouse gas emissions into the atmosphere that are not being compensated. Achieving this objective is key to keep global warming at well below 2°C above pre-industrial levels as set forth by the Paris Agreement. Practically, this means drastically reducing emissions immediately and over the next 10 years while working at developing effective compensation mechanisms.
All sectors have engaged in transitioning toward a low carbon economy and finance plays a key role in accelerating the effort.
The battle for the climate must accelerate. This acceleration implies massive investments on the part of Corporates, Institutions and the Public sector in terms of technologies, infrastructure and transformation of their organisation.
As the leading European bank for corporates and institutions, present in all global financial centers, BNP Paribas has developed a full range of expertise dedicated to the transition as well as strategies to finance projects and companies that are building a low-carbon world.
Building on this expertise, BNP Paribas’ Low-Carbon Transition Group is a dedicated, powerful and agile organization to support and advise its clients around the world in strengthening their climate strategy. Read more about the Low-Carbon Transition Group here.
Net emissions
Séverine Mateo
Head of the Low-Carbon Transition Group
“The purpose of this group will be to systematically encourage and support transition for all our clients across key sectors of the economy while enabling people to continue to work, care for themselves, heat their homes and move around in an affordable way. This approach, far from addressing only the most ‘green’ or climate-aware businesses, is nevertheless critical to reducing the impact of all sectors that contribute to greenhouse gas emissions, and to finance the business transformations and the new technologies required to power a more sustainable future.“
Accelerating the global shift towards a low carbon economy
Antoine Sire, Head of Engagement at BNP Paribas, talks about the necessity of accelerating the global shift towards a low carbon economy and how BNP Paribas contributes to accomplishing this.
Accelerating the global shift towards a low carbon economy
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Sustainable Future Forum
BNP Paribas hosts a series of Sustainable Future Forum (SFF) across its global hubs in the Americas, Europe and APAC, bringing together corporates and investors to discuss the challenges and opportunities of sustainability. The events highlight the Bank’s commitment and leadership on contributing towards the UN Sustainable Development Goals (SDGs).
Movin’On
BNP Paribas is a long lasting partner of this international ecosystem on Sustainable Mobility, alongside of more than 250 companies.
