Tag: BNP Paribas

BNP Paribas continues to accelerate the financing of low-carbon energies and makes new commitments in its Climate Report 2024

Stuart Mitchell

For BNP Paribas, 2023 was marked by a simultaneous acceleration in financing dedicated to low-carbon energy and withdrawal from financing fossil fuel exploration and production. To coincide with the publication of its 2024 Climate Report, the Group has made new commitments in three sectors with high CO2 emissions: air transport, maritime transport and commercial property. The Group stepped up its financial inclusion efforts in 2023 Determined to align its credit portfolio with net zero trajectories and to support the economy in its transition to low-carbon, BNP Paribas is committed to significantly reducing…

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An overview of the circular economy at BNP Paribas: nothing goes to waste with Toopi Organics!

Stuart Mitchell

Among the priorities set by BNP Paribas to promote more sustainable finance, the circular economy ranks high. Within the Group, many teams are supporting their clients, from start-ups to SMEs, but also large companies reflecting on their uses, in their circular approaches. In this three-part series of infographics, BNP Paribas dives in the subject with three concrete examples. In this second episode, we look at Toopi Organics, which has been transforming human urine into a natural biostimulant for more sustainable agriculture since 2019. A lot of water saved, hectares fertilized and tonnes…

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Kayrros and BNP Paribas join hands to accelerate methane abatement

Stuart Mitchell

Methane is a powerful greenhouse gas responsible for an estimated one third of global warming to date and projected to cause roughly half of the temperature change of the next 20 years on current trends. Methane has more than 80 times the global warming power of carbon dioxide in the first 20 years. The fossil fuels sector accounts for an estimated 33% of anthropogenic methane emissions. But most of the methane emissions from the sector could be reduced with existing technology as per the IEA’s Methane Tracker 2023. According to…

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Energy financing: the transformation of BNP Paribas’ business model is accelerating, as confirmed by several rankings

Stuart Mitchell

For BNP Paribas, the year 2023 was marked, by a simultaneous acceleration of financing for the production of low-carbon energy, and the shift away from financing for the production of fossil fuels. This has allowed the Group to advance the timing for some of its objectives. A majority of financing for low-carbon energy  On February 1st 2024, BNP Paribas published its annual results, which show a very strong acceleration in the financing of low-carbon energies: the stock of credit exposures to low-carbon energy production now accounts for 65% of the Group’s…

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BNP Paribas launches the Climate Impact Infrastructure Debt fund

Stuart Mitchell

BNP Paribas announces the launch of BNP Paribas Climate Impact Infrastructure Debt, an initiative supported by the aligned commitments of BNP Paribas Asset Management (‘BNPP AM’), BNP Paribas Corporate & Institutional Banking (‘BNPP CIB’) and BNP Paribas Cardif to finance climate change mitigation. Managed by BNPP AM’s Private Assets division, BNP Paribas Climate Impact Infrastructure Debt is structured as a Luxembourg Reserved Alternative Investment Fund (‘RAIF’) and classified as Article 9 under SFDR.  The fund is targeting EUR 500-750 million from institutional investors, including BNP Paribas Cardif’s seeding commitment.  It will have an investment grade profile and…

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