522 2019 Universal registration document and annual financial report - BNP PARIBAS

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

Investment solutions which contribute to attaining the SDGs To enable the savings of its individual customers and institutional clients to contribute to achieving the SDGs, the Group has developed a range of products and services:

■ BNP Paribas Asset Management has developed a tools to raise savers awareness of the SDGs, including the INSPIRATION[s] a book which provides an overview of the SDGs(1);

■ BNP Paribas Wealth Management uses the new MyImpact tool to help its customers navigate their investments and philanthropic actions towards the achievement of the SDGs. MyImpact uses an online questionnaire to identify customer preferences and guide them towards the products which best match their needs and values;

■ the corporate and investment bank, BNP Paribas Corporate and Institutional Banking, has launched a range of responsible indices. Private investors and institutions can, therefore, identify companies that make a significant contribution to achieving the SDGs with regard to the products that they offer or their exemplary conduct. Since 2013, BNP Paribas has launched 23 ethical indices, five of which are closely linked to the SDGs, which have made it possible to raise over EUR 7 billion.

FINANCING SOCIAL ENTREPRENEURSHIP Thanks to their hybrid business models, social enterprises (SE) aim to generate a strong positive social or environmental impact, while seeking economic sustainability.

Continuous growth of financing and positive impact investments as well as the number of social enterprises supported by the Group

➤ FINANCING TO SOCIAL ENTERPRISES

France

77%

Italy 7.5%

8% Belgium

6.1% United States

1.4% Luxembourg

➤ INVESTMENTS AND OTHER SUPPORT TO SOCIAL ENTERPRISES (IN ADDITION TO FINANCING)

Social Impact Bonds 4%

13%

Equity Investments

35%

46% Employee savings

Client savings

2% Purchases

The Group s commitment to supporting social entrepreneurship

In 2019, total support for social enterprises (financing, own investments and third-party investments) amounted to EUR 1.9 billion worldwide compared with EUR 1.6 billion at end-2018, representing a growth of 14% compared to 2018 and 5.5% at constant perimeter(2). The Bank provides support in the form of banking and financing services to 2,500 social entreprises clients (including Microfinance Institutions and some companies Tech for Good).

Act for Impact, an evolving approach to supporting social enterprises

Act for impact was launched in France in 2018, and comprises a community of experts offering complete banking products, tailored non-banking services and support for managers of social enterprises, regardless of their geographical location, legal status or level of maturity.

The year 2019 highlighted:

■ a EUR 1 million investment in the first French Impact labelled positive-impact seed-fund: MakeSense Seed, alongside the European Investment Fund and Banque des Territoires. Notably, this fund is attached to the MakeSense incubator which develops social start-ups;

■ partnership with the High Commission for the Social and Solidarity Economy (SSE or "Third Sector"), primarily through participation in the working group dedicated to creating a favourable framework to develop Social Impact Bonds (Contrats à Impact Social CIS) in France;

■ the launch of Accelerate Business for Good in partnership with Les Échos. The aim of this unprecedented initiative is to promote companies which combine profitability with a positive regional impact. A total of five towns and cities and 700 participants joined forces to draft a white paper listing examples of socially responsible companies, alongside 18 proposals for a more responsible economy;

■ active participation in the creation of the Pact for Impact , a global coalition to develop the SSE, led by the French Government, with BNP Paribas as one of the main partners;

■ the launch of Act for Impact in Luxembourg.

(1) https://indd.adobe.com/view/e6e3294d-b5c0-4e99-9436-48d95c4145b3.

(2) Excluding existing clients recently identified as social enterprises.