In 2020, the Group helped to finance the Fécamp wind farm in France, a 500 MW project that will provide green electricity to more than 700,000 people ĭedicated 250 million euros to investing in startups providing major innovations in energy and ecological transition. Significantly increased its financing for renewable energies: At the end of 2020, financing for this sector totaled 17.8 billion euros, nearly 2.5 times the amount at the end of 2015, which was 7.2 billion euros. The evolution of BNP Paribas' credit portfolio in the electricity generation sector is already on a trajectory that is well below a 2° C scenario Īctively supported its customers in accelerating their energy transition by offering them a wide range of products and services:

Analysis of remaining customers by the end of 2021 will only keep customers in line with these criteria. The implementation of this policy has already led the Group to cease its relations with half of its clients in this sector. In 2019/2020, the Group put in place a policy that led it to request a plan to ensure a coal exit by 2030 (2040 for countries outside the OECD and the European Union) from all its electricity producing or mining customers. In 2017, BNP Paribas stopped all new financing of coal fired power plant projects. Adopted for environmental reasons, the BNP Paribas decision is also relevant from a credit risk management perspective Ĭompleted its policy of excluding the entire coal value chain, whose first decisions date back to 2011. Since then, when BNP Paribas made this decision (2017), it should be noted that the economic situation of shale gas companies has deteriorated significantly. Between 20, BNP Paribas' credit exposure to specialists in these activities went from 4 billion euros to zero. No longer provided any new financial services to specialists in unconventional hydrocarbons (shale gas, shale oil, oil from tar sands, Arctic). In 2015-2020, the Group first focused on exiting the most environmentally damaging fossil fuels (coal and unconventional hydrocarbon specialists) and accelerating its financing of low carbon technologies. In order to accelerate the ecological transition and redirect financial flows towards low carbon activities without crippling the economy, banks must change their dialogue with customers as well as their measurement tools, decision making processes and criteria, databases and IT chains, as well as the skills of their employees. In fact, a bank's credit portfolio and the associated greenhouse gas emissions reflect the activity of its clients. This is a process of profound transformation. In late 2015, the Group committed to gradually aligning its loan portfolio with the objectives of the Paris Agreement. BNP Paribas has decided to gradually reallocate its resources in order to encourage its clients to accelerate their ecological transition, support them in their transformation and contribute to the emergence of new low carbon technologies. The climate emergency will bring profound changes in the coming years as it is now being taken into account on a large scale by states, citizens and businesses. At the same time, BNP Paribas will continue to support its customers in the transition while working to align its credit portfolio with respect to the main greenhouse gas emitting sectors.Ī bank aims to support the projects of its customers that make sense for the economy and society. This commitment, now based on credit exposures, will gradually be supplemented by other measurement and management tools, such as CO2 emissions, and other criteria. BNP Paribas is thus choosing a more ambitious path than that of the International Energy Agency's Sustainable Development scenario, which is aligned with the objectives of the Paris Agreement. It has also made an initial interim commitment to reduce its credit exposure to oil and gas exploration and production activities by 10% by 2025. The group has joined the United Nations Net Zero Banking Alliance with 42 other international banks. It is the entire global economy that is ultimately concerned, even if priority

Sector and has initiated methodological work on other economic activities. Publishing the alignment path of its credit portfolio in the power generation Required to achieve carbon neutrality in 2050. Aligning greenhouse gas emissions from its financing activities with the path

Carbon neutral oil