Head of BNP Paribas CIB, Yann Gérardin highlights
the importance of sustainability to our clients and the industry
BNP Paribas is the
world’s best bank for Sustainable Finance according to the Euromoney Awards for
Excellence 2018.
In granting this
award, Euromoney underlined the significant steps taken by BNP Paribas aimed at
having a positive impact on society.
Helen Avery,
Sustainable Finance Editor, Euromoney said: “BNP Paribas has committed itself to
sustainable finance in a way that is unmatched in the sector. By turning down
deals and pulling out of sectors that are not sustainable, as well as driving
new sustainable finance initiatives across all of its businesses.”
In particular
Euromoney highlighted the Group’s decision to cease financing of oil and gas
from shale and oil from tar sands, and its decision to cease financing and
investment activities of tobacco companies. At the end of 2017, BNP Paribas had
allocated 155bn euros towards financing projects which contribute directly to
the achievement of the United Nations Sustainable Development Goals.
Jean Laurent
Bonnafe, CEO, BNP Paribas said: “We are delighted to be
recognised by Euromoney in their annual awards for excellence. At BNP Paribas,
we put sustainable finance at the heart of our business model. We believe banks
have a crucial role to play, leveraging our place at the centre of the economy,
in order to bring together individuals, businesses and investors to channel
resources towards projects which address the major social and environmental
challenges facing society.”
“I would like to
thank our clients and partners who entrust us with their projects and who have
challenged us to provide new solutions as they also seek more sustainable
models. And I would like to thank our staff who are passionate about having a
positive impact in their work and have been a key driver in the bank’s focus on
environmental and social issues.”
BNP Paribas was also
recognised in the following categories:
- Best Bank for Sustainable Finance, Western Europe
- Best Bank, Luxembourg
- Best Investment Bank, France
The whole #BNPParibas team around @antoinesire & @LaurencePessez received the “World’s Best Bank for Sustainable Finance” 2018 Award from @euromoney. Being the bank for a changing world means being a bank which helps change the world for a better future. #PositiveBanking pic.twitter.com/jFDnJMwlmg
— BNP Paribas Group (@BNPParibas) July 12, 2018