BNP Paribas bank has signed a long-term partnership with Sparknews, a social enterprise that promotes initiatives with a positive impact and which are tackling the biggest issues the planet is facing. It creates content, programmes and events around these initiatives with the aim of inspiring and fostering the will to take action, both in the business world and in civil society.
Positive innovation means innovating for responsible projects. As part of its sustainability commitment, BNP Paribas signed a partnership with Sparknews.
Thanks to its international network of journalists, Sparknews has a mission to identify and highlight positive solutions across the globe. One of its initiatives is the Positive Innovation Club, a series of event occurring in Paris, New York, London and Hong Kong, gathering innovative startups, investors, blue chip corporates, scientists and experts around positive topics, willing to merge business with positive impact, by developing more inclusive and sustainable actions in companies.
On November 12, 2018, in Paris, Sparknews hosted Antoine Sire, Director of the Company Engagement Department of BNP Paribas, as well as seven companies, each focusing on an important topic, alongside representatives of some of France's largest and most engaged corporates, as well as investors and public sectors officials.
Mr. Sire highlighted the importance of innovation to address climate change and sustainability challenges. He also reiterated the commitment of BNP Paribas to support positive impact startups through both direct investments and by leveraging the bank's position as an intermediary bridging the gap between projects and investors. In a changing ecosystem, examples such as the recently structured Tropical Landscape Finance Facility, where BNP Paribas helped a large French corporate, international organizations, local banks and local corporates to develop a fully sustainable and environmentally friendly rubber farm in Indonesia, demonstrate the power of finance mobilized for positive impact projects. Furthermore, he emphasized the importance of looking for sustainable solutions across all sectors and through new coalitions. Mr. Sire concluded by highlighting the importance of building strong ties between projects and investors, including banks, in order to obtain sustained support over time.
There followed a series of presentations from the seven innovative companies carefully selected for the event.
From the promotion of diversity to the importance of UX in sustainability, from daily engagement in micro-projects to products helping to change our daily water consumption behaviours, from local enterprise support to leveraging the promises of biotechnologies, the seven presentations presented concrete and positive ways to think about the future under a different lights, proposing clear ways to accelerate the ecological transition.
The presentations were followed by roundtable sessions where each of the teams was able to exchange with attendants, creating links and relationships with large corporates and investors, thereby endeavouring to move forward in their journey toward scalable impact, each changing the world for good in their own way.
The event was a testimony of the power of positive impact and #PositiveBanking, helping bring together core projects as well as partners and investors to make the world a better place.