BNP Paribas Commitment Climate Change: Being convinced of the need for businesses to play a role in protecting the planet, BNP Paribas is making climate change a key focus of its initiatives. From corporate statements to Group strategic policies and concrete actions, we look at some of the challenges and initiatives that BNP Paribas carries out.

Human activities are the main cause of global warming ...

In a talk at the Collège de France in which BNP Paribas participated, Valérie Masson-Delmotte, Director of Research at the CEA (French Commission for Alternative Energy and Atomic Energy) and co-chair of the IPCC (Intergovernmental Panel on Climate Change) , reminded the audience of the origin of current climate change: According to IPCC studies, 80% to 100% of this change is caused by human activities. Since the exact economic cost of this global warming is difficult to quantify, it takes a long time to reach it.

... and the best hope to fight it

In 2015, the Paris Agreement, passed by 195 parties to the COP21 climate conference, set the goal of limiting global warming to 2 ° C above pre-industrial levels. The way to do this is to halve greenhouse gas emissions between 2010 and 2030 and achieve carbon neutrality by 2050. By Antoine Sire, this ambition means empowering young people in the scientific and technical challenges of global warming as soon as they enter high school: "the most important thing is that we need engineers to design the infrastructure for the future." Another crucial link in the energy transition chain is companies, which need to get involved at their own level.

BNP Paribas Commitment Climate Change

BNP Paribas, accelerating the energy transition

In the face of these challenges, BNP Paribas has aligned its CSR strategy with the 17 Sustainable Development Goals set by the United Nations. BNP Paribas is gradually introducing a climate component into its methodology to qualify the projects and businesses it finances. Since 2015, the Group has no longer financed activities related to the exploitation of shale gas. BNP Paribas also stopped renewing its loans to coal companies and refuses to support Arctic oil and gas projects.

Internally, BNP Paribas is pursuing a series of environmental best practices. It became carbon neutral in 2017 after reducing its CO2 emissions and increasing its use of renewable energy.

Encourage and support our customers.

BNP Paribas wants to go even further by allowing its customers, whether individuals, small businesses, large corporations or investors, to accelerate their own energy transition. To this end, the Group offers a comprehensive range of support, from diagnostics to financing for appropriate solutions. "We want to help our customers with their own transition. With our support, businesses have the opportunity to improve their environmental footprint." Jean-Laurent Bonnafé, Chief Executive Officer of BNP Paribas

Similarly, the Bank offers incentive tools such as positive impact loans, a type of loan whose rates favor the most committed companies to sustainable development.

"WE WANT TO HELP OUR CUSTOMERS WITH YOUR OWN TRANSITION. WITH OUR SUPPORT, COMPANIES HAVE THE OPPORTUNITY TO IMPROVE YOUR ENVIRONMENTAL FOOTPRINT."

"THE TIME OF FINANCING HAS ARRIVED TO PLAY YOUR ROLE IN THE CONSTRUCTION OF THE SUSTAINABLE WORLD WE WANT AND DEFINED UNDER THE PARIS AGREEMENT AND THE UN SUSTAINABLE DEVELOPMENT OBJECTIVES."

The move towards greener funding

BNP Paribas also intends you to make sure that your Asset portfolio continued as green as possible. Its Asset Management branch dedicates more than € 1,000 MILLION to Responsible Investments. The Group also partnered with UNEP (United Nations Environment Program) to raise $ 10 billion by 2025 from private investors to finance the development of renewable energy and to protect and restore landscapes throughout the world . Renewable Energy Group Financing is gaining ground fast: The € 15 billion target for 2020 is reached in 2018. BNP Paribas will also invest € 100 million in new Greentech companies for the year 2020.

BNP Paribas is also the world leader in green bonds. Since 2012, the Group has been jointly managing senior manager of € 10.2 billion in green bonds, including € 1.1 billion of bonds linked to Shares. THIS SUCCESS led BNP Paribas Asset Management to launch a fund at the end of 2017, completely dedicated to green bonds.

Intensify humanitarian initiatives and support environmental research on climate change

Launched in 2012 in partnership with CARE NGOs, the French Red Cross and Doctors Without Borders, the Rescue and Recovery Fund helps vulnerable populations to cope with humanitarian crises. The fund has donated almost € 4 million since 2012 and helped victims of Hurricane Irma in 2017, the tsunami in Indonesia in 2018, and the fires in California THIS SAME YEAR. In late 2018, the fund launched a development campaign to help the people of Niger, Madagascar and Haiti cope.

BNP Paribas (EPA: BNP) PT set at € 47.00 by Credit Suisse Group

Credit Suisse Group set a € 47.00 ($ 54.65) target price for BNP Paribas (EPA: BNP) in a report issued on Monday, reports Börsen Zeitung. The company currently has 1 Neutral Rating on the Shares.

Several other analysts have also participated in BNP. UBS Group set a Price target of € 49.00 ($ 56.98) on BNP Paribas Shares, and gave the stock a Buy rating in a report on Friday, September 20th. Goldman Sachs Group set a Price target of € 67.00 ($ 77.91) on the BNP Paribas Shares and gave the stock 1 Buy Rating in a report on Friday, September 20th. JPMorgan Chase & Co set a Price target of € 47.00 ($ 54.65) on the BNP Paribas Shares, and gave the stock 1 Neutral rating in a report on Wednesday, September 4th. HSBC set a Price target of € 46.00 ($ 53.49) on the BNP Paribas Shares, and gave the stock 1 Neutral rating in a report on Thursday, September 12th. Finally, Deutsche Bank set a Price target of € 55.00 ($ 63.95) on the BNP Paribas Shares and gave the stock 1 Buy Rating in a report on Tuesday, September 24th. One analyst has rated the stock with 1 Sales Rating, six have assigned a Hold Rating and six have assigned a Buy rating to the company. The company currently has 1 Hold Consensus Rating and a Consensus Target Price of € 51.58 ($ 59.97).

BNP Paribas Shares opened at € 41.76 ($ 48.55) on Monday. The 50-day moving average price of the company is € 42.23. BNP Paribas has 1 Minimum of 1 year of € 57.24 ($ 66.56) and 1 Maximum of 1 year of € 69.17 ($ 80.43).

BNP Paribas Company profile

BNP Paribas SA offers a range of banking and financial services in France and internationally. It operates through two divisions, Retail Banking and Services, and Corporate and Institutional Banking. The company offers corporate leasing of Long Term Vehicles, and rental solutions AND OTHER financing; and digital banking and investment services, cash management and factoring services for corporate clients, as well as wealth management services.