The Bank recognizes changes in the ESG area and accepts that they will have a real impact on its operations.
For more information on Risk Management and aspects of the ESG, see Management Foundations.
BNP Paribas Bank Polska S.A. is aware that the European Union and the world as a whole are increasingly facing the disastrous and unpredictable effects of climate change, the depletion of natural resources and other sustainability issues. This will mean that radical actions will have to be undertaken, inter alia, through entities in the financial services sector. According to the Bank, sustainable development is the foundation for building a low-carbon economy, and the role of financial institutions in this process is special.
At the UN Climate Summit – COP24 in Katowice in December 2018, five leading Banks including BNP Paribas made a joint commitment, reaffirming the commitments under the Paris Agreement and confirming the adjustment of their loan portfolios to the global climate objectives. As a result of the commitment, the BNP Paribas Group implements the Paris Agreement Capital Transition Assessment (PACTA) methodology, which aims to align the Bank’s portfolio with the objectives of the Paris Agreement by reorienting financial flows.
In May 2020, the independent UK NGO ShareAction named BNP Paribas the best European Bank in terms of contribution to climate risk management. This is the second time we have been ranked among the top Banks for sustainability.
In the ShareAction 2020 survey, BNP Paribas Group came first with an overall rating of 63.2%, compared with an average of 39.9% for all Banks. BNP Paribas is one of two Banks that scored above 60%. The group achieved the best results (from 75% to 100%) for the dialogue with stakeholders and an overall climate action strategy. BNP Paribas is also distinguished in terms of a wide range of sectoral policies and leadership in the field of offered products and „green” services.
More information here