BNP Paribas: Ambitious objectives in sustainable finance recognized by International Financing Review


From November 11, 2020 to December 31, 2020

Sustainable finance

February 26, International Financing Review (IFR) awarded BNP Paribas several distinctions including Bank of the Year for Sustainable Finance, a sign of BNP Paribas’ strong leadership in supporting its clients in the transition to a more sustainable economy. What sets BNP Paribas apart in its approach sustainable finance? We look at the ambitious goals and his vision for the future.

Ambitious sustainable finance goals recognized by International Financing Review

Leading the way: a long-standing commitment to progressive policies

Among the factors that IFR cited in its decision to award BNP Paribas was its commitment to sustainability. “It should be noted that many policies announced by banks in 2020 have already been policies at BNP Paribas for years,” the IFR wrote in its price summary. Since 2011, the bank has committed to solid CSR policies piloted through the UN Sustainable Development Goals and the desire to support its customers in their low-carbon transition. Some of these policies include:

  • A complete timetable for phasing out coal (2030 for EU and OECD countries, 2040 for the rest of the world;

  • Additional progressive funding and investment policies targeting palm oil, defense and nuclear power, among others.

“BNP Paribas, under the leadership of CEO Jean-Laurent Bonnafé, has truly paved the way for sustainable finance.

IFR, International Financial Review

The Group has also been an active force in the fight against climate change in addition to its own policies and in order to align its activity more closely with the objectives set by the Paris Climate Agreements. In 2020, the Group published its first TCFD report (Task Force on Climate-related Financial Disclosures) as well as a first report linked to the PACTA methodology.

This open source methodology for aligning loan portfolios with the objectives of the Paris Agreement is the result of the commitment of four banks, including BNP Paribas, during COP 24 in Katowice in 2018. BNP Paribas also strengthened its commitments to align with the Paris Agreements. by joining other large international banks within the FSTF (Financial Services Taskforce).

Meeting the needs of society: mobilizing for a sustainable recovery

The IFR also highlighted the proactive responses of BNP Paribas to Pandemic 2020, speaking about the Group’s overall strategy to support sustainable solutions for people and communities alongside its climate commitments. At the start of the pandemic, BNP Paribas mobilized to increase its support for charities, vulnerable populations and students with more than 55 million euros committed to NGO organizations in 30 countries.

“Sustainability must be part of the way the business is run, because no one can win in a world that loses”

Antoine Sire, Corporate Engagement Manager, BNP Paribas

At the same time, and as noted by the IFR, BNP Paribas has strengthened its customer support become the largest European business lender within the first four months. Overall, BNP Paribas supported the issuance of $ 32.1 billion in COVID-19 response obligations. The bank has also stepped up its support for SMEs and in support of real economy through loans to impacted microfinance institutions and debt moratoria, including over 40,000 Italian customers who received additional lines of credit.

As the crisis continues around the world, these efforts are also still underway, as pointed out by Constance Chalchat, Head of Company Engagement, BNP Paribas CIB: “We are continuing to support our investor and corporate clients in the strength of their commitments to environmental protection and social challenges. Finance has a vital role to play in a responsible recovery.

Finance has an essential role to play in a responsible recovery.

Looking towards future ambitions: extending sustainability

As the COP26 in Glasgow approaches in November, BNP Paribas continues to set even greater ambitions to advance its contributions. The IFR recognized some of these next steps, noting that BNP Paribas has accelerated its funding targets towards renewable energies, with 17.8 billion euros in 2020.

The bank is also preparing for the next great challenge of the Earth’s climate by getting more involved in actions to save the planet’s biodiversity. As Laurence Pessez, Head of Corporate Social Responsibility, BNP Paribas, declares, “biodiversity will be the major subject on our radar in 2021”.

Biodiversity will be the major subject on our radar in 2021.

The subject has been particularly highlighted by IFR, which writes that the bank’s current actions put it “ahead of many of its peers in terms of thinking about the next big problem”. Among the actions already undertaken by BNP Paribas in favor of biodiversity:

  • A new restrictive policy to fight against deforestation in the regions of Amazonia and Cerrado.

  • Participation in the Taskforce for Nature-related Financial Disclosures, urging financial institutions to study their impact on biodiversity;

  • Involvement of BNP Paribas as sustainable development coordinator in the very first SLL (loan linked to biodiversity);

  • Several initiatives announced in 2020 for the protection of the oceans and the blue economy;

“Society has understood that finance has powerful levers to help our world meet the immense challenges linked to climate change and biodiversity.

Jean-Laurent Bonnafe

Director and CEO of BNP Paribas

And to find out more about Sustainable Finance at BNP Paribas

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BNP Paribas SA published this content on March 10, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on March 10, 2021 03:04:07 PM UTC.

Public now 2021


Analyst recommendations on BNP PARIBAS
Sales 2021 46,104 million
54,223 million
54,223 million
Net income 2021 8,464 million
9 954 million
9 954 million
Net debt 2021

PER 2021 ratio 8.26x
Yield 2021 6.56%
Capitalization 67 450 M
79,344 million
79,328 million
Capi. / Sales 2021 1.46x
Capi. / Sales 2022 1.45x
Number of employees 193,319
Free float 86.8%

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Number of analysts 23
Last closing price

€ 54.00

Average price target

€ 63.04

Spread / Average target 16.7%


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