Tag: BNP Paribas

BNP Paribas supports Phenix, the French start-up fighting food waste

Stuart Mitchell

88 million tons of food end up in the trash bin every year in Europe, including 10 million in France alone – a loss of €16 billion in consumables, while a third would be enough to feed all those in need. (according to ADEME).  French start up Phenix, created in 2014, wants to put an end to this environmental, social and economic nonsense. Supported since its inception by Act For Impact by BNP Paribas, its leader Jean Moreau has just announced 15 million euros raised in order to accelerate Phenix’s development…

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BNP Paribas places mobility at the centre of its development projects

Stuart Mitchell

Environmental awareness, changes in regulations, new uses and technological advances are changing the field of mobility at all levels of the value chain, from car manufacturers, distributors, digital players to individuals. With its historic role in the European mobility market, BNP Paribas has developed, across its various business lines, an in-depth understanding of the challenges facing the sector. CIB supports and advises major manufacturing groups, Arval BNP Paribas deploys vehicle fleets and new mobility solutions, and BNP Paribas Leasing offers financing solutions for associated infrastructure. The Group’s commercial banks, BNP Paribas Personal Finance and…

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BNP Paribas and EDF ENR partner on first renewable project bond as a digital asset

Stuart Mitchell

On 7 July 2022, BNP Paribas structured, tokenised and distributed a bond, the proceeds of which aim at refinancing a solar energy project sponsored by EDF through its subsidiary EDF ENR. This native digital asset, issued on the public blockchain, represents the first renewable energy bond tokenisation on the project financing market. This innovation will be instrumental in broadening the scope and increasing the efficiency of project financing, including better transparency of ESG data along the value chain. Solar–based electricity production is the leading energy transition segment, with several trillions…

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BNP Paribas unveils its first ‘climate analytics and alignment report’ and carbon intensity reduction targets by 2025

Stuart Mitchell

As part of BNP Paribas’ 2025 strategic plan, the Group unveils its first ‘Climate Analytics and Alignment Report’ which will steer the alignment of its portfolio with its net-zero commitment. The Report includes a series of financed carbon emissions intensity reduction targets for three key sectors (from 2020 baseline): power generation (a reduction of at least 30% by 2025), upstream oil and gas and refining (a reduction of at least 10% by 2025), and automotive[1] (a reduction of at least 25% by 2025). In order to achieve its objective of…

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A first aid course aims to teach that every life is worth saving

Stuart Mitchell

In 2022, the news cycle is a stark daily reminder that not every life is valued the same. Bank BNP Paribas, the Red Cross, and VMLY&R Poland saw a unique moment in time to inspire the world to change.  They created First Aid for Humanity, a first aid training course aiming to teach participants, and beyond, that every life is worth saving. They used dummies that look like real people who often face biases and discrimination in the Polish society: Grzegorz, a homeless man; Khedi, a Muslim refugee, and Krzysztof…

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