For the first time, BNP Paribas has been named as the ‘World’s Best Bank for Sustainable Finance’ for 2018, by Euromoney, a leading publication in the international finance field. During the awards ceremony, which was held in London on Wednesday 11 July 2018, BNP Paribas also took 3 other prestigious awards.
- Western Europe Best Bank for Sustainable Finance
- Best Investment Bank – France
- Best Bank – Luxembourg
Jean-Laurent Bonnafé, Director and Chief Executive Officer of BNP Paribas:
“Contributing to a better future means supporting important projects for the future. It also means putting in place strict rules so that we don’t finance activity having a negative impact on the environment, public health or human rights.”
Why is BNP Paribas the best bank for sustainable finance?
Over the last 12 months, BNP Paribas has made significant progress towards its strategic objective of being the leading bank for sustainable finance.
How? By attaching great importance to social responsibility, ethics, diversity and inclusiveness, and promoting human rights in the countries in which the Group carries out its business activities, while also respecting local legislation and cultures.
This year, BNP Paribas has continued to pursue its societal commitments, particularly through 17 Sustainable Development Goals (SDGs). An objective clearly laid out by Jean-Laurent Bonnafé, Director and CEO of BNP Paribas, and further reinforced in late 2017 during the One Planet Summit with the announcement of several actions and partnerships with the aim of confirming its position as a major player in sustainable finance:
- €135 billion devoted to energy transition and to reaching the Sustainable Development Goals;
- the signature of several strategic partnerships to fight climate change (the Solar Impulse Foundation, One Planet Fellowship, the Good Planet Foundation, etc.);
- BNP Paribas has joined the ‘Breakthrough Energy Coalition’ which supports innovation to promote the development of clean energy solutions.
As a leader in sustainable finance, BNP Paribas will also be doubling its financing objective for renewable energy to 15 billion euros by 2020. As a reminder, in 2017 the group took several measures to distance itself from the forms of energy causing the most pollution and achieved its objective of being carbon neutral by late 2017.
About Euromoney Awards for Excellence
For more than 25 years, Euromoney, a leading publication in the international finance field, has awarded ‘Euromoney Awards’ which recognise the best banks in several categories. For the 2018 event, the contenders included more than 1,500 banks and more than 100 interviews were conducted with banks’ CEO’s.
Test it here: how sustainable is your organisation?
BNP Paribas Fortis' Sustainable Business Competence Centre (SBCC), which helps companies transition to a sustainable business model, has developed a test to help you determine your company's progress in achieving sustainability. You can set to work immediately with the results of this test.
As Belgium's largest bank, BNP Paribas Fortis wants to drive socio-economic development in our country. This development requires companies to transition to a sustainable business model. As this is not particularly straightforward, BNP Paribas Fortis wants to make its expertise available to its customers.
One of the SBCC's initiatives is a brand-new test aimed at corporates, SMEs and institutional customers. The test consists of 15 questions relating to the steps you need to take to become more sustainable: awareness, diagnosis, quick wins, business model and cooperation and innovation. Once you have finished the test, you will receive the results in your mailbox instantly.
The SBCC uses your answers to make practical recommendations for your journey towards more sustainable entrepreneurship. In addition, we have all the resources needed to guide you throughout your transition from start to finish:
- technological expertise in high-tech, ICT, biotech, medtech, clean and green tech, and more
- a network of companies and business associates
- financial products and services that facilitate the transition to a sustainable model
Is your organisation ready for a sustainable future?
BNP Paribas Group, second quarter 2019 results
The business of BNP Paribas was up this quarter in a context where economic growth remained positive in Europe but slowed down, implying expectations of a continued low interest rate environment.
Director and Chief Executive Officer of BNP Paribas, Jean-Laurent Bonnafé:
“BNP Paribas delivered in the first half an increase in net income at 4.4 billion euros. Revenues were up thanks to business growth in the operating divisions. Operating expenses were well contained and benefitted from the transformation plan, generating a positive jaws effect. The common equity Tier 1 ratio rose to 11.9%, illustrating the Group’s solid balance sheet. New digital experiences rolled out for customers are a success and the Group is actively executing its ambitious policy of engagement in society. I would like to thank all the employees of the Group for their dedicated efforts to achieve these good results. ”
BNP Paribas Group, first quarter 2019 results
The business of BNP Paribas was up this quarter for the three operating divisions with in particular a gradual upturn in the business of CIB. Economic growth slowed down in Europe but remained positive. After the crisis in the markets at the end of 2018, the market context remained lackluster at the beginning of the quarter, but improved towards the end of the period.
Director and Chief Executive Officer of BNP Paribas, Jean-Laurent Bonnafé:
“BNP Paribas delivered a good level of result this quarter, at 1.9 billion euros. Revenues were up thanks to business growth in the operating divisions with in particular an upturn in client business at CIB. Operating expenses were well contained and benefitted from cost saving measures, generating a positive jaws effect.”
Do companies really want a more sustainable world?
Yes, the success of our Sustainable Business Ateliers is good proof of that. Most companies are aware of their social responsibility, but some are in need of information. To help them on their way, BNP Paribas Fortis organises regular regional Sustainable Business Workshops. Last year, our bank organised two pilot sessions in Liège and Limburg and more recently it was the turn of Namur, Gits (in West Flanders) and Ghent. Other Belgian cities will be announced soon.
During the Sustainable Business Workshops the invited clients are inspired by the experts from our Sustainable Business Competence Centre, and by other clients who speak about the actions they have already taken with their business.
After the presentations, participants are divided into groups and share experiences led by a moderator.
How do clients rate them?
Feedback from the participants revealed that the focus on cooperation and networking opportunities are the greatest advantages of the Workshops. Those attending always include representatives of small, medium-sized and large businesses from a variety of sectors - a diversity which participants find highly enriching. After all, no single company can overcome all of the present challenges on its own. Companies will not only have to cooperate with one another, but also with the government, universities, startups, etc. to make progress.
According to the participants, BNP Paribas Fortis is also the only financial service provider that goes great lengths to support companies in the area of sustainable business, by analysing at which stage of the sustainable business path the companies are and by guiding them to use sustainability as an opportunity for their activities.
Do you want to participate in one of our Sustainable Business Workshops? Please contact your Relationship Manager for the practical details.
Not a client yet? And do you want to know more about the guidance we offer and the benefits of sustainability for your company? Discover what our Sustainable Business Competence Centre can do for you.