Taking action to accelerate the energy transition - BNP Paribas CIB
 
Thursday 14 December 2017

A commitment to the UN Sustainable Development Goals means a commitment to rethinking how we all work. Now is the time to step up the pace. Here is why.


Fairer, more sustainable, respectful of human rights: these are some of the core principles underpinning BNP Paribas' commitment to sustainable finance.

As part of this commitment, in December BNP Paribas took a leading role in Climate Finance Day 2017 and the One Planet Summit 2017. Here the bank reaffirmed its pledge to accelerate the energy transition through three fundamental climate commitments:

  • Partnering with clients in the transition to a low-carbon economy
  • Reducing the environmental impact of operations
  • Advancing awareness and sharing best environmental practices

Some of the practical steps BNP Paribas is taking include: investing €100 million in innovative startups by 2020; boosting funding for renewable energy to €15 billion by 2020, up from €9.3 billion in 2016; and embedding itself as a leading bank for euro-denominated green bonds before 2020.

"In this race against time, the banking and financial sector must be at the forefront of building a low-carbon economy."
Jean-Laurent Bonnafé, CEO, BNP Paribas

Meanwhile, BNP Paribas Foundation is teaming up with the Bill & Melinda Gates Foundation, with the support of the President of the Republic of France, to launch the One Planet Fellowship, supporting research on climate adaptation in Africa; and BNP Paribas and the United Nations Environment Programme are working in partnership to bring private capital to sustainable projects in emerging countries (see links below).

Against a background of rapid urban growth and rising global temperatures, now is the time to take action.


Rate this article :
10
3
0
3
 
 

Give us your feedback

Please validate CAPTCHA.

RELATED ARTICLES
transition-finance-bnp-paribas-americas-cso-shares-his-thoughts

Meaningful worldwide climate-change solutions won't be cheap. Hervé Duteil explains the vital role transition financing could play for "brown" industries.

scaling-up-blended-finance-how-and-why-
"Scaling up blended finance for low-carbon and green transition" was the focus of a One Planet event...
"Scaling up blended finance for low-carbon and green transition" was the focus of a One Planet event in Paris aiming to trigger...
why-effectiveness-and-scalability-matter-for-the-green-transition
The rapid uptake of green finance isn't enough. A new approach taking account of investors' expectations...
The rapid uptake of green finance isn't enough. A new approach taking account of investors' expectations will be vital...
renewable-energy-for-corporates-the-tipping-point-
As costs fall and stakeholder demand increases, corporates are increasingly seizing the opportunity to...
As costs fall and stakeholder demand increases, corporates are increasingly seizing the opportunity to use renewable energy...
propelling-the-taiwanese-green-bond-market
Renewable energy Ørsted A/S becomes the first foreign corporate to issue a green bond on the Taiwanese...
Renewable energy Ørsted A/S becomes the first foreign corporate to issue a green bond on the Taiwanese market.
close
{POPUP_CONTENT}