BNP Paribas

Oversight of the sustainability strategy is assigned to the highest governance body, with senior executive remuneration linked to sustainability targets. Implementation responsibility is delegated to specific functions, teams, or committees. A policy statement outlines its approach to lobbying and political engagement, including disclosed lobbying expenditures. The institution discloses its membership in trade associations and its positions on sustainability-related lobbying activities.

The financial instituion provides details on its financial involvement in high-emitting and fossil fuel sectors, identifying key sectors, clients, and investees for climate engagement. Nature-related impacts are transparently identified, with a strategy for protection and restoration in priority areas. The institution engages with clients and investees to promote nature-protection strategies and forms partnerships to influence action on nature-related impacts.

It monitors scope 1-2 emissions and discloses operational data by country, detailing processes for identifying human rights risks linked to its products, services, and capital. Additionally, BNP Paribas has a publicly available policy statement committing to respect ILO core labour rights and human rights and it assesses human rights risks and identifies salient issues.

While BNP Paribas discloses a material assessment in which sustainability impacts are identified across the value chain, further detail on the process and criteria for prioritisation is needed. The institution discloses its engagement approach in asset management but lacks evidence of a common engagement strategy for clients and investees.

Although it does not provide capital to certain fossil fuel projects, it does not address all fossil fuels and lacks a phase-out strategy for the entire fossil fuel value chain. Additionally, the coverage of financed emissions could be improved and it is recommended to monitor other scope 3 categories. Further, it should disclose its transition plan, ensure emissions reductions align with interim targets. BNP Paribas has an opportunity to provide a breakdown of clients by income group. It is also recommended to disclose processes for avoiding unintended divestment from low-income countries and to identify social risks related to the net zero transition, along with examples of actions taken on salient human rights issues.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.