Approach to energy transformation

In 2017, the successive tightening of regulations in this respect led to the decision to stop financing for all projects related to the construction of new coal-fired power plants and coal mines. We decided to support only those companies within the coal energy sector which are actively involved in the transition to other energy sources.

During the UN Climate Summit (COP24), held in December 2018 in Katowice, five leading global banks, including BNP Paribas, made a joint commitment to adapt their loan portfolios to global climate goals by supporting the objective described in art. 2.1c of the Paris Agreement: „Making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.”

Focusing on responsible financing, Bank BNP Paribas monitors the level of environmental, social and governance (ESG) risk for all of its clients. In addition, as part of the BNP Paribas Group, the Bank pays particular attention to financing ESG sensitive sectors. To this end, the Bank has recognised nine sectors and has introduced CSR Policies which define specific requirements for clients operating within each.

For more about the sensitive sectors and responsible financing, see section: Responsible financing and sustainable development.