BNP Paribas France
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BNP Paribas France Active This profile is actively maintained Send feedback on this profile Created before Nov 2016 Last update: Feb 1 2021 About BNP Paribas BNP Paribas is one of the main banks in Europe. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas. Together with Société Générale and Crédit Lyonnais it is one of the 'three old banks' of France. BNP Paribas is an universal bank and operates in three main business areas: retail banking, corporate investment banking and investment solutions. Website http://www.bnpparibas.com/en Headquarters 16, boulevard des Italiens 75009 Paris France CEO/chair Jean-Laurent Bonnafé Director and CEO Supervisor Banque de France Annual report Annual report 2020 Ownership listed on NYSE BNP Paribas' shareholder structure can be accessed here. Subsidiaries BNP Paribas Fortis – Belgium (profile) Complaints BNP Paribas does not operate a complaints channel for individuals and communities that may be adversely affected by its and finance. grievances Stakeholders may raise complaints via the OECD National Contact Points (see OECD Watch guidance). Sustainability Voluntary standards BNP Paribas has committed itself to the following voluntary standards: Klimaschutz-Selbstverpflichtung des Finanzsektors Banking Environment Initiative Business for Social Responsibility Carbon Disclosure Project Collective Commitment to Climate Action (CCCA) Equator Principles Green Bond Principles IFC - Operating Principles for Impact Management Montreal Carbon Pledge Net-Zero Banking Alliance (NZBA) Observatoire de la responsabilité sociétale des enterprises (ORSE) Paris Agreement Capital Transition Assessment (PACTA) Partnership for Biodiversity Accounting Financials (PBAF) Poseidon Principles Principles for Responsible Banking (PRB) Principles for Responsible Investment (PRI) Roundtable on Sustainable Palm Oil (RSPO) Science Based Targets Soft Commodities Compact Task Force on Climate-related Financial Disclosures Taskforce on Nature-related Financial Disclosures UN Guiding Principles Reporting Framework UNEP Finance Initiative United Nations Global Compact Wolfsberg Principles Investment policies BNP Paribas' webpage on corporate social responsibility can be accessed here. BNP Paribas and the preservation of Biodiversity May 11 2021 | BNP Paribas Policy on beef and soy production in the Amazon and Cerrado Feb 15 2021 | BNP Paribas Coal mining - sector policy Jul 22 2020 | BNP Paribas Anti-corruption policy Jul 14 2020 Coal-fired power generation - sector policy Jul 1 2020 | BNP Paribas Statement on ocean protection Sep 23 2019 | BNP Paribas Sector policy - nuclear power Mar 19 2019 | BNP Paribas Responsible Business Conduct Policy Mar 1 2019 | BNP Paribas Modern Slavery and human trafficking Statement Feb 22 2019 | BNP Paribas Financial security program May 3 2018 | BNP Paribas Exclusion list Mar 2 2018 | BNP Paribas Code of conduct Jan 23 2018 | BNP Paribas Defence and security sector policy Dec 31 2017 | BNP Paribas Unconventional Oil and Gas - Sector Policy Dec 19 2017 | BNP Paribas Position on the tobacco industry Nov 24 2017 | BNP Paribas Commitments to the environment Oct 17 2017 | BNP Paribas Sector Policy - Palm oil May 11 2017 | BNP Paribas Coal-Fired Power Generation Sector Policy Feb 8 2017 | BNP Paribas Suppliers' CSR Charter May 9 2016 | BNP Paribas Agriculture Sector Policy Dec 8 2015 | BNP Paribas Commitments regarding the fight against money laundering and terrorism financing May 27 2014 | BNP Paribas Nuclear Power - Sector Policy Jul 26 2013 | BNP Paribas Oil Sands - Sector Policy Jul 26 2013 | BNP Paribas Statement on Human Rights Dec 31 2012 | BNP Paribas Goods and activities on exclusion list Dec 31 2011 | BNP Paribas Sector Policy - Wood Pulp Sep 13 2011 | BNP Paribas BankTrack campaigns and BNP Paribas Human rights True leader BankTrack has assessed BNP Paribas on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. BNP Paribas is assessed as a Front runner, with a total score of 6.5/12. Front runner Policy: 3/3 Due dilligence: 1.5/3 Reporting: 2/3 Remedy: 0/3 Follower For more details, see Banking with Principles? 2016 update. Laggard Equator Principles Implementation and reporting The Equator Principles require that adopting banks publicly report on the implementation of the principles. You can find the reporting requirements for EPFIs here. BNP Paribas is reporting on the implementation here. Contact and complaints The Equator Principles currently lack a formal complaints mechanism. Should you have any concerns or complaints about how the Equator Principles are being applied in a specific project in which BNP Paribas is also involved, please get in touch with our Equator Principles team. Equator Principles Dodgy Deals BankTrack is monitoring the following Equator Principles projects that are co-financed by BNP Paribas -note that some files may be on record, no longer updated-: Projects Compagnie des Bauxites de Guinée (CBG) Guinea Mining active Trans Adriatic Pipeline (TAP) - international - Oil and Gas Extraction | Pipeline Transportation of Natural Gas active Trans Mountain Pipeline Expansion project (TMEP) Canada Pipeline Transportation of Crude Oil active Tufanbeyli coal power plant Turkey Coal Electric Power Generation active Atlantic Coast Pipeline United States Pipeline Transportation of Natural Gas on record Baku-Tbilisi-Ceyhan oil pipeline Azerbaijan Pipeline Transportation of Crude Oil on record Block 31, Yasuni National Park Ecuador Oil and Gas Extraction on record El Dorado International Airport Colombia Aviation on record Hazelwood coal power plant Australia Coal Electric Power Generation on record Kashagan oil project Kazakhstan Oil and Gas Extraction on record Liquified Natural Gas (LNG) project Papua New Guinea LNG Terminal on record Nam Theun 2 dam Laos Hydroelectric Power Generation on record Sakhalin II oil and gas project Russian Federation Oil and Gas Extraction on record Tata Mundra Ultra Mega Power Plant (UMPP) India Coal Electric Power Generation on record Theun-Hinboun dam expansion Laos Hydroelectric Power Generation on record Toka Tindung gold mine Indonesia Mining on record Good moves 2021 Three major French banks will not finance EACOP, according to French media The #StopEACOP campaign warmly welcomes the news that the three largest French banks, BNP Paribas, Société Générale and Crédit Agricole, will not be financing the East African Crude Oil Pipeline (EACOP), a proposed 1,445- kilometer heated oil pipeline through Uganda and Tanzania. This… BNP Paribas to limit finance to customers using converted Amazon forest land French bank BNP Paribas said it would not finance customers producing or buying beef or soybeans from land cleared or converted after 2008 in the Amazon. The bank was outlining a corporate policy to fight deforestation in the Amazon and the Cerrado regions. BNP Paribas also said it would only provide financial products… 2019 BNP Paribas backs away from US private prison industry In July 2019 it was reported that BNP Paribas has become the latest bank after JP Morgan, Bank of America, US Bank and SunTrust to say it will no longer finance the US private prison operators CoreCivic Inc and GEO Group Inc. The move follows campaigning from a coalition of groups led by Families Belong… Banks step away from US private prisons As of June 2019, six banks, Fifth Third Bank, BNP Paribas, SunTrust Bank, JPMorgan Chase, Wells Fargo and Bank of America, have announced that they will no longer finance companies that operate private prison and detention centers, including CoreCivic and GEO Group. Two other banks, U.S. Bank and Barclays,… 2017 BNP Paribas to stop funding for tobacco industry Bloomberg reports that BNP Paribas SA will cease funding and advising tobacco companies: "The French bank will halt transactions and investments related to the sector and “progressively disengage” from relationships with tobacco clients, Laurence Pessez, the bank’s global head of corporate… Six banks step away from Dakota Access Pipeline (DAPL) and backers In February 2017, ABN AMRO, ING, BayernLB and Nordea all announced they would step away from financing either the project or its backers. In March, ING became the first bank to sell its portion of a project loan supporting the pipeline. This was followed by DNB and by BNP Paribas selling… BNP Paribas takes the global lead in excluding unconventional fossil fuels from portfolio On October 12, BNP Paribas committed to help accelerate the energy transition and drastically reduce its financing of so called unconventional fossil fuels: tar sands, shale gas, oil and gas exploration projects in the Arctic region, as well as all related infrastructure for transport and export. Read more. 2016 BNP Paribas blacklists Drummond for environmental and human rights reasons BNP Paribas stated in May 2016 that after financing the coal company Drummond in 2010, it declined to provide further finance in 2012, and decided in 2014 not to provide financial services to the company until further notice, due to "ongoing ESG (including human rights) controversies". The announcement came in… 2015 “Big Three” French banks rule out financing for Rampal coal project In June, the three largest French banks, BNP Paribas, Crédit Agricole and Société Génerale, have said they will not finance the Rampal coal power project, on the edge of the Sundarbans mangrove forest in Bangladesh. The move comes six months after two Norwegian pension funds withdrew from India's… Three