Tag: BNP Paribas

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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BNP Paribas grants the first Inclusive & Sustainability-Linked Financing to three major microfinance players in France, Italy and Brazil

Stuart Mitchell

Over the past several years, BNP Paribas has been very active in Sustainability-Linked Loans (SLL), which aim to foster companies to improve their ESG performance by directly linking the financial conditions of the loan to primarily environmental but also social or governance objectives. By end September 2023, BNP Paribas was No. 1 worldwide and in EMEA in sustainable finance[1]. BNP Paribas has been supporting microfinance institutions for over 30 years. By drawing on their expertise in Sustainability-Linked Loans (SLL), the bank aims to adapt this financial mechanism to microfinance through Inclusive & Sustainability-Linked…

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BNP Paribas awarded “World’s Best Bank” and “World’s Best Bank for Sustainable Finance”

Stuart Mitchell

Following similar accolades by IFR earlier this year, the BNP Paribas Group’s ongoing support for its customers, and a more sustainable economy, has once again been recognised by leading trade magazine Euromoney with the awards ‘World’s Best Bank’ and ‘World’s Best Bank for Sustainable Finance’, as well as a number of other regional and national awards. Euromoney awards for Excellence 2023 Global awards World’s Best Bank World’s Best Bank for Sustainable Finance Regional awards Western Europe’s Best Bank for Sustainable Finance Latin America’s Best Bank for Sustainable Finance Western Europe’s Best…

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BNP Paribas details and strengthens its energy transition ambitions

Stuart Mitchell

BNP Paribas is providing more detail on its plans to withdraw from oil and gas exploration and production activities, following its announcement to strengthen its commitments on January 24th, 2023. BNP Paribas will no longer provide any financing dedicated to the development of new oil and gas fields regardless of the financing methods. Beyond the energy sector, BNP Paribas continues to align its loan portfolio with a net zero emissions trajectory. and is setting new decarbonisation targets for the steel, cement and aluminium sectors, as presented in its 2022 Climate…

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