BNP Paribas: Most ESG Responsible International Bank Global 2019

This leading European bank, with an international presence in 72 countries, is well positioned to move the needle on the global energy transition. In response to the climate emergency, BNP Paribas in 2015 realigned its financing and investment criteria to support the objectives outlined by the Paris Agreement and the UN Sustainable Development Goals (SDGs). It began by cutting funding for new coal facilities and doubling financing for players in climate change transition and renewable energies. The bank pledged to increase financing to ‎€15 bn ($16.8 bn) by 2020. When it exceeded its target a full year early, it set a revised target of ‎€18 bn ($20.2 bn) by 2021. Committed to accelerating the global energy transition, BNP Paribas is restructuring its portfolio to eliminate exposure to thermal coal in the European Union within the next decade and world-wide by 2040. The bank tracks its progress — and wins points for transparency — by publishing annual reports that breakdown financing activity by energy source and power generation. In 2019, BNP Paribas was the leading financer of renewable energy projects in Europe, the Middle East, and Africa, while ranking third in Asia and in the world overall, contributing nearly $3 bn in new project financing. BNP Paribas has a decades-long history of supporting energy producers, and the climate change strategy it has implemented will spur the industry’s sustainable transformation. The CFI.co judging panel presents BNP Paribas with the 2019 award for Most ESG Responsible International Bank (Global).

For further information, please see BNP Paribas News Release.

marten

Recent Posts

CORDET: Best Alternative Credit Investor United Kingdom 2025

CORDET provides flexible, long-term financing solutions to mid-market businesses across Northern and Western Europe, with…

1 week ago

Alpha Bank: Most Innovative Family Banking Services Greece 2025

Alpha Bank has established itself as a leading force in the Greek banking sector, recognised…

3 weeks ago

Schafer Cullen Capital Management: Innovators in Long-Term Value Equity Strategies USA 2025

Schafer Cullen Capital Management has built a reputation for disciplined, long-term value investing, backed by…

3 weeks ago

JP Morgan Chase: Most Innovative Investment Banking Services USA 2025

JP Morgan Chase stands at the forefront of the global financial industry, consistently redefining the…

3 weeks ago

Dubai World Trade Centre: Champion of Global Business and Trade Ecosystems EMEA 2025

For over four decades, Dubai World Trade Centre (DWTC) has been a cornerstone of Dubai’s…

3 months ago

Krungthai Bank PCL: Best Social Impact Bank Thailand 2025

Krungthai Bank PCL plays a pivotal role in driving sustainable economic and social development in…

3 months ago