Integrated Report 2021

Management of ESG issues

Supervision over ESG issues, including the implementation of strategic CSR and sustainability goals, is performed by the Management Board, headed by the President of the Management Board.

  • 102-26

In October 2020, the Bank appointed a Chief Sustainability Officer, who heads the Sustainability Council. The Chief Sustainability Officer reports directly to the President of the Management Board, who supervises the strategic inclusion of ESG aspects in the organisation’s activities.

The primary responsibilities of the Sustainability Council include:

  • Defining and monitoring strategic ESG commitments, which will be a crucial aspect of the Bank’s Strategy for the years 2022-2025,
  • Supervision over the development of sustainable banking products and services,
  • Combining various ESG initiatives.

Until the end of 2021, the units responsible for sustainability and ESG aspects were the CSR and Sustainability Office and the Sustainability Programmes Office.

From January 2022, sustainability tasks, thus far divided between various units of the Bank, are to be supervised by a single competence center - the Sustainability Area, established in December 2021. Jarosław Rot, the former Chief Sustainability Officer, is the Executive Director of the new Area.

The Sustainability Area consists of three units:

  • The Energy Transition Support Department managed by Adam Hirny. Its main goal is to cooperate with international and national financial institutions and organisations to support the energy transformation of the market.
  • The CSR and Sustainable Finance Department managed by Maria Krawczyńska. Its responsibility is to coordinate the implementation of the Bank’s strategy in terms of sustainability and ESG factors, It also cooperates with internal and external stakeholders and rating agencies, monitors the ESG risks of Customers and the Bank’s transactions and coordinates CSR policies (especially in sensitive sectors).
  • The Sustainability Initative and Reporting Team managed by Andrzej Budasz – Agile Expert Center. The unit cooperates with all Tribes on sustainability tasks. It is also responsible for budgetary and reporting processes and supervision over strategic sustainability initiatives.

Climate-Related Financial Disclosures (TCFD recommendations)

We have provided a brief summary below. Full disclosure of climate-related information in relation to the TCFD recommendations see TCFD Recommendations.

  • Supervision of the Bank’s Management Board over the approach to climate issues.
  • Quarterly system for discussing ESG issues (including climate issues) by the Management Board and the Supervisory Board.
  • Periodic ESG status reports prepared by the Sustainability Council for the Bank’s Management Board.
  • Annual review of the climate-related risk appetite and discussion of the results at a joint meeting of the Management and Supervisory Boards, as well as at the Risk Management Committee.
  • Climate issue reports prepared by the Chief Sustainability Officer directly for the Bank’s President.
  • Responsibility of managers for the implementation of goals and initiatives aimed at climate protection in their areas.
  • The main climate-related risks and opportunities identified at the global level of the BNP Paribas Group.
  • Climate risks and climate-related opportunities identified at the level of BNP Paribas Bank Polska S.A.
  • Climate issues were a part of the Fast Forward Strategy and are even more pronounced in the Bank’s new business strategy prepared at the turn of 2021/2022.

An analysis of the resilience of the Group’s strategy to climate risks at the level of the entire BNP Paribas Group.

  • Risks related to climate change are analysed in line with the Bank’s risk identification process.
  • After a review of the risk identification process, in 2021 the Bank introduced changes to the taxonomy of risk factors. ESG-related factors (including climate factors) became a separate category.
  • In climate risk analyses, the Bank considers environmental factors that may have a positive or negative impact on financial results, Customer solvency and company value, as well as the impact of our Customers’ operations on environmental factors
  • Alignment of the Bank’s goals with the Paris Agreement and involvement within the Net Zero Banking Alliance.
  • Limiting the financing of high-emission sectors.
  • The bank assesses its contribution to the energy transformation of its Customers.
  • Measuring and reducing greenhouse gas emissions in the Bank’s operations.
  • Building partnerships and promoting climate justice.

More information about the global approach of the BNP Paribas Group to managing climate opportunities and risks and about the global climate strategy (consistent with the Bank’s goals and activities) can be found in the TCFD 2020 Report of the BNP Paribas Group.

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