Our financing and investment activities can have significant social and environmental consequences. To limit these consequences, we need to understand the risks associated with our decisions and to select the most responsible projects and companies.
A commitment at international level
We have committed ourselves to analysing our investments in accordance with specific environmental, social and governance (ESG) criteria, as set out by a number of international organisations.
In 2011, 30 transactions were reviewed by BNP Paribas based on these Principles. The analyses are detailed in a publicly available report.
Restrictive criteria for at-risk economic sectors
To expand our requirements beyond those of the mandatory legal framework, we have voluntarily adopted specific policies. These policies relate to certain at-risk sectors, defined by their environmental or social sensitivity. These official and public documents were designed in consultation with numerous stakeholders, including independent experts, customers, NGOs, and others.
BNP Paribas employees who are responsible for financing and investment transactions integrate these policies into their decisions, in addition to using the usual criteria relating to economic performance and to social, environmental and governance requirements.
Currently, seven sectors are affected:
Read the “Defence” policy
Read the “Palm oil” policy
Read the “Wood Pulp” policy
Read the “Nuclear Power” policy
Read the “Coal-Fired Power Generation” policy
Read the “Agriculture” sector policy
Read the “Oil sands” policy
Read the “Mining industry” policy
Finally, we have established a list of goods for which the Group prohibits any dealings. This list was built on the basis of internationally recognised treaties, laws, regulations and decrees regulating the production and trade of the goods concerned.
Did you know?
Respect for human rights is a key component in BNP Paribas’ commitment to CSR.
The Group classifies the countries in which it executes transactions according to their sensitivity. The “Risk of violation of human rights in the country” criterion was incorporated into the analysis grid in 2011.
In addition, each policy includes a “social” component that takes into account the fundamental points to be monitored or that defines exclusion criteria, in order to prevent any risk of complicity by the Group with any human rights violations.