Taking action to combat climate change
• Partnering with our clients in the transition to a low-carbon economy
• Reduce the environmental impact of our operations
• Advance and sharing of best environmental practices
Because the preservation of the environment is essential for sustainable growth and improving the quality of living for all, the Group and its business lines are committed to working to facilitate the energy transition and environmental preservation. In the energy sector, the Group has significantly reduced its support of energy that the produces the most greenhouse-gas emissions and it has doubled its financing of renewable energy. It no longer finances new coal-fired power stations and only works with energy companies that are reducing the mix of coal in their energy sources. BNP Paribas also ceased to support companies and infrastructure projects whose main activities are devoted to the exploration, production and exportation of gas or oil from shale, tar sands and resources in the Arctic.
BNP Paribas has made the fight against climate change its top environmental priority as a global player that finances the energy sector. Its commitment aligns with the Paris agreement, which aims to make financial flows compatible with low-carbon development. BNP Paribas took a major step in 2017 when it became a carbon-neutral company at a global level.
This commitment is at the heart of its ‘Green Company for Employees’ global programme, which this year focuses on sustainable mobility and reducing the amount of single-use plastic in its offices, and is also the motto for Portugal’s local Cooler Planet initiative, with which it commits to supporting Portugal in becoming a carbon neutral country by 2050, through action in Our Premises and People, our Clients Solutions and Our Impacts on Society.
By managing its offices in a responsible way, controlling their direct environmental impacts, it has obtained the first ISO 14001:2015 certificate in 2017, for its facilities in Parque das Nações. Until the end of 2020, three more buildings will apply to join the certificate.