2020 Universal registration document and annual financial report - BNP PARIBAS 611
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A COMMITTED BANK: INFORMATION CONCERNING THE ECONOMIC, SOCIAL, CIVIC AND ENVIRONMENTAL RESPONSIBILITY OF BNP PARIBAS
Climate-related issues management summary
Risk family Scope Risk sources Time
horizon Relevant
businesses
Potential significance
of the impact (for the Group) Mitigation action
Physical risks
Risks for customers
Changes in the weather, particularly in the water cycle, disrupting the production processes of some of our customers, and therefore their revenues (e.g. decrease in river flow having a negative impact on the production of hydroelectric plants, increase in water temperature having a negative impact on the production of nuclear power plants)
MT Financing activities +/++ Analysis of the
physical risks faced by BNPP clients
Risk of underperformance of funds overexposed to economic players particularly affected by the direct impacts of climate change, due to their sector of activity, their geographical location or their supply chains.
LT
Asset management
for third parties
++
Incorporating ESG criteria into assets
under management See page 565
Similarly, climate-related opportunities are taken into account in BNP Paribas businesses and financial projections. The Group seizes them in all its transactions, both within its operating scope and in its corporate, investor and individual customer businesses.
