World's best bank for corporate responsibility 2019: BNP Paribas
Through thoughtful and innovative community initiatives, as well as changes to policies and product development, BNP Paribas is helping to implement the UN’s sustainable development goals.
Awards for Excellence 2019
While some banks lean towards solving either social or environmental challenges, BNP Paribas sees the two as inextricably linked.
Through the bank’s work in the community, as well as its internal policies and product development across all business lines, BNP Paribas is aligning the entire group to support the UN Sustainable Development Goals (SDGs).
It wins this year’s award for the world’s best bank for corporate responsibility.
Should there be any doubt that corporate responsibility is core for BNP Paribas, the bank recently explained how the compensation of chief executive Jean-Laurent Bonnafé would be linked to key CR targets. Its commitment begins with internal policies. BNP Paribas has been carbon neutral since 2017 and has a zero net deforestation commitment by 2020.
It no longer invests in tobacco and this year tightened its coal financing policies. In May, BNPP announced, for example, that it would no longer finance electricity producers in Poland because of their dependence on the coal industry.