Tag: BNP Paribas

Six Global Financial Institutions Chart a Flight Path to Decarbonizing Aviation

Stuart Mitchell

Six top lenders to the aviation sector — Bank of America, BNP Paribas, Citi, Crédit Agricole CIB, Societe Generale and Standard Chartered — have announced that they will partner with RMI’s Center for Climate-Aligned Finance to help decarbonize the aviation sector through the formation of the Aviation Climate-Aligned Finance Working Group. The Working Group aspires to create a collective climate-aligned finance (CAF) framework that defines common goals for action for aviation sector decarbonization. The CAF framework is a commitment by participating financial institutions to annually assess and disclose, consistent with…

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Accelerating growth for global green finance

Stuart Mitchell

In the first report of its kind taking stock of green finance over the last decade, TheCityUK, with the support of BNP Paribas, has charted the growth of global green finance as the market has multiplied over a hundredfold from $5.2bn in 2012 to $540.6bn in 2021. The report ‘Green finance: a quantitative assessment of market trends’ used data provided by Refinitiv, an LSEG business, and found that although green finance remains a relatively small part of global financial markets, there has been consistent growth with signs of acceleration in…

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New mural elevating global aspirations for gender equality is unveiled in New York

Stuart Mitchell

A global collaboration of artists and partners today unveiled the third in a sequence of murals to celebrate global action for gender equality, marking the efforts of the 2021 Generation Equality Forum, which has galvanized over USD 40 billion in commitments to advance women’s and girls’ rights. The mural, located at 200 East 44th street in New York, aims to inspire every generation to accelerate action and progress towards gender equality. The unveiling of the mural will be a closing highlight of the 2021 UN General Assembly (UNGA), acting as…

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BNP Paribas ranked 1st in the CAC 40 by EcoAct in 2020 for its climate commitments

Stuart Mitchell

EcoAct has released its annual Sustainability Reporting Performance Report, which analyzes companies around the world for their actions and reporting on climate-related sustainability. Among French corporations in the CAC 40, BNP Paribas has placed 1st, while also being ranked 5th worldwide. Exemplary Reporting, Deals, and Policies BNP Paribas’ ranking has improved over last year, when it ranked second, thanks to numerous strides in reporting, Green Deals, and stricter policies across its businesses over the last year. The Group has also continued to develop its global strategy of placing sustainability at…

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BNP Paribas takes another step forward in its commitment to contributing to the Paris Agreement

Stuart Mitchell

Since 2015, several banks, including BNP Paribas, have committed to aligning the greenhouse gas emissions elicited by their loan portfolios with the Paris Climate Agreement. In 2018, during the COP24 in Katowice, Poland, BNP Paribas and four other European banks signed an agreement concerning the development of a common, concrete methodology to make this alignment possible. On September 21st, the signatory banks announced the publication of their first paper on the application this methodology. Imène Ben Rejeb-Mzah (Head of Methodologies and Data within the CSR Department at BNP Paribas), who coordinated this mechanism…

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