2020 Universal registration document and annual financial report - BNP PARIBAS 563
7 A COMMITTED BANK: INFORMATION CONCERNING THE ECONOMIC, SOCIAL,
CIVIC AND ENVIRONMENTAL RESPONSIBILITY OF BNP PARIBAS
7
Our economic responsibility: financing the economy in an ethical manner
BNP Paribas s primary energy mix With a much lower percentage of coal than the global mix, the Group s primary energy mix compares favourably with the global mix calculated by the IEA.
World 2019(*)
BNP Paribas 2018
BNP Paribas 2019
BNP Paribas 2020
Energy production (%)
CoalGasOil
0
10
20
30
50
60
70
40
(*)Source: IEA.
Overall, in 2020, 736 companies were placed on the restriction of activity lists because of energy sector policies.
Maritime transport: an initial measurement of the portfolio s carbon intensity
In the field of maritime transport, in December 2020, BNP Paribas participated in the first global reporting of the climate alignment scores of the banks that signed up to the Poseidon Principles(1). The objective of the Principles is to meet the ambition of the International Maritime
Organisation (IMO) to reduce shipping s greenhouse gas emissions by at least 50% by 2050, in comparison with 2008. As of 31 December 2019, BNP Paribas carbon intensity alignment score stood at 2.88%, slightly above the industry s decarbonisation trajectory as defined by the Poseidon Principles. BNP Paribas is involved in the analysis and management of CO2 intensities of its shipping finance portfolios, thanks to this common methodology.
(1) www.poseidonprinciples.org
