BNP Paribas details and strengthens its energy transition ambitions

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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IFC, BNP Paribas Launch Landmark SRT Transaction to Support Trade Finance in Emerging Markets

IFC, a member of the World Bank Group, and BNP Paribas (BNPP), the European Union’s largest bank as measured by assets and a key player in international banking, today announced a landmark Synthetic Significant Risk Transfer (Synthetic SRT) transaction, which will enable BNPP to expand its trade finance activities and continue to support emerging market economies. The transaction is expected to be particularly impactful, as international trade finance flows have been adversely impacted by ongoing global economic uncertainty. BNPP is a strategic user of SRTs across a variety of asset…

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BNP Paribas makes pivot towards financing low-carbon energy production

BNP Paribas has already made a major pivot towards financing low-carbon energy production. Building on expertise developed by its Low-Carbon Transition Group, BNP Paribas is embarking on a new phase designed to rapidly accelerate the transition to a low carbon economy. This new phase is set to last until 2030, by which time BNP Paribas will have completed transitioning over 80% of its energy production financing activities to the production of low-carbon energies. BNP Paribas has already made a major pivot towards financing low-carbon energy production. BNP Paribas’ outstanding loans…

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METRON, DALKIA, BNP PARIBAS and Amazon Web Services launch “Decarb Fast Track”, a unique European programme to help decarbonise the industrial sector thanks to energy efficiency savings

The companies METRON, DALKIA, BNP PARIBAS and Amazon Web Services (AWS) have joined forces to launch the “Decarb Fast Track” programme. The programme has been jointly designed to subsidise easy access for selected corporates to an energy management and optimisation toolbox for industrial facilities, and aims to save up to 100,000 tons of CO2 by equipping 100 industrial companies with an energy management and optimisation solution. Against the backdrop of climate change and rising energy costs, METRON, DALKIA, BNP PARIBAS and AWS have decided to collaborate and mobilise their advanced…

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BNP Paribas Asset Management outlines roadmap for achieving net zero portfolio emissions by 2050

As a signatory to the Net Zero Asset Managers initiative, BNP Paribas Asset Management has committed to supporting the goals of net zero greenhouse gas (‘GHG’) emissions and to support investing aligned with net zero emissions by 2050.  BNPP AM has today outlined its Net Zero Roadmap, covering the progressive alignment of its portfolio investments with the goal of reaching net zero emissions, together with associated efforts across its stewardship activities and its operations.  BNPP AM’s Net Zero Roadmap is based on 10 commitments targeting net zero portfolio emissions by…

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