2020 Universal registration document and annual financial report - BNP PARIBAS546

7 a Committed Bank: information ConCerninG the eConomiC, soCial, CiviC and environmental resPonsiBility of BnP PariBas

7

Our strategy

Commitments specific to the environment

Amongst BNP Paribas environmental commitments:

■ the Institutional Investors Group on Climate Change;

■ the Round table on Sustainable Palm Oil (RSPO);

■ the Science Based Target initiative;

■ the Breakthrough Energy Coalition;

■ the Task Force on Climate-related Financial Disclosures (TCFD);

■ the Act4nature initiative;

■ the Afep s(1) commitments to the circular economy;

■ Medef s Business Climate Pledge;

■ the Charter for the commitment and contribution of women to combat global warming;

■ the Collective Commitment to Climate Action of the UN Principles for Responsible Banking;

■ the Poseidon Principles.

Commitments to a more inclusive society

BNP Paribas is also supporting other key initiatives which bring together both public and private international stakeholders:

■ the Collectif des entreprises en faveur d'une économie plus inclusive en France (Business collective for a more inclusive economy in France);

■ Business for Inclusive Growth (B4IG).

Voluntary commitments defined by BNP Paribas

BNP Paribas has been committed for several years to going further in several sensitive sectors by setting itself additional obligations, through:

■ the BNP Paribas commitments for the environment defining the Group s strategy concerning these challenges;

■ financing and investment policies in the following sectors: agriculture, palm oil, defence, nuclear energy, paper pulp, coal energy, mining and non-conventional hydrocarbons;

■ a list of excluded goods and activities such as tobacco, drift nets, the production of asbestos fibres, products containing PCBs(2), or the trading of any species regulated by the CITES convention (Convention on international trade in endangered species of wild fauna and flora) without the necessary authorisation;

■ monitoring and restriction lists grouping businesses which do not meet the Group s CSR requirements;

■ a Statement of BNP Paribas on human rights;

■ an Anti-Corruption Policy;

■ a Charter for responsible representation with respect to the public authorities;

■ a BNP Paribas Sustainable Sourcing Charter;

■ The BNP Paribas Responsible Business Principles;

■ BNP Paribas and the protection of the oceans.

Two major voluntary commitments strengthened these actions in 2020:

■ BNP Paribas announced a strategy for a complete exit from the thermal coal value chain by 2030 in the European Union and OECD countries, and by 2040 in the rest of the world;

■ The Group also published its Tax Code of conduct. It is intended to inform its stakeholders about the Group s tax practices. Throughout the world, these principles are reflected in the payment of a significant contribution to the public finances of the various countries in which the Bank operates.

Think tanks

Several members of BNP Paribas management as well as Group experts play an active role in strategic coalitions of active markets on CSR topics, for example:

■ Jean-Laurent Bonnafé, Chief Executive Officer of the BNP Paribas Group, is Chairman of the Entreprises pour l Environnement think tank (EpE brings together more than 50 companies);

■ Antoine Sire, Head of Company Engagement at the BNP Paribas Group, co-chairs the informal working group tasked with preparing the work of the Task Force on Nature-related Financial Disclosure (TNFD);

■ Laurence Pessez, CSR Director of the BNP Paribas Group, sits on the Banking Board of the Principles for Responsible Banking of the UNEP FI (PRB);

■ Jane Ambachtsheer, Global Head of Sustainability at BNP Paribas Asset Management, and Mark Lewis, Chief Sustainability Strategist at BNP Paribas Asset Management, are members of the Task Force on Climate-related Financial Disclosures (TCFD);

■ Helena Viñes-Fiestas, Head of Sustainability Research and Policy at BNP Paribas Asset Management, is Rapporteur of the working group on data and implementation of the European Union Sustainable Finance Platform.

(1) French Association of private compronies.

(2) PCB: polychlorobiphenyls.