As a European leader and player in energy transition, BNP Paribas plays a decisive role in sustainable finance. Its socially and environmentally responsible approach contributes to building a sustainable future. The Group’s CSR policy is based on four pillars: financing the economy in an ethical manner, favouring the development and commitment of our employees, being a committed stakeholder in society, and acting against climate change. This year BNP Paribas has continued to pursue its societal commitments, particularly through 17 Sustainable Development Goals (SDGs), with the announcement of several actions and partnerships:
- €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.
Last year 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. As a leader in sustainable finance, BNP Paribas will also be doubling its financing objective for renewable energy to 15 billion euros by 2020.
BNP Paribas is supporting sponsor of the Climate Innovation Summit 2018. For more information visit group.bnpparibas.
South Pole is a leading provider of global sustainability financing solutions and services, with over 250 experts in 18 global offices. For more than a decade, its team has worked with a wide range of public, private and civil sector organisations to accelerate the transition to a climate-smart society. South Pole’s expertise covers project and technology finance, data and advisory on sustainability risks and opportunities, as well as the development of environmental commodities such as carbon and renewable energy credits. As of today, the group has mobilised climate-finance for over 700 projects in emission reduction, renewable energy, energy efficiency and sustainable land-use.
Gold Standard was established in 2003 by WWF and other international NGOs as a best practice standard to ensure projects that reduced carbon emissions under the UN’s Clean Development Mechanism (CDM) also contributed to sustainable development. Its next-generation standard launched in 2017, Gold Standard for the Global Goals, allows climate and development initiatives to quantify, certify, and maximise their impacts toward climate security and sustainable development. Certification against the standard provides the confidence that these results are measured and verified, enabling credible tracking of progress toward the Paris Climate Agreement and the Sustainable Development Goals. Gold Standard now has more than 80 NGO supporters and 1400+ certified projects in over 80 countries, creating billions of do