530 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
➤ BNP PARIBAS ELECTRICITY MIX
Electricity generation (%)
World 2018(*) BNP Paribas 2017
BNP Paribas 2018 BNP Paribas 2019
0
5
10
15
20
25
30
35
40
Wind, solar and other renewables
HydroNuclearOilGasCoal
(*)Source: IEA.
With 46.7% fossil sources (gas, coal and oil) and 31% renewable sources (hydro, wind, solar and other renewables), the electricity mix financed by BNP Paribas in 2019 has a lower average carbon footprint than that of the world mix, which consisted of 64% fossil sources and 26% renewable sources in 2018. The kWh carbon content financed by the Group is 299g of CO2, compared with the world average of 476g in 2018(1)
In line with the Paris Agreement, BNP Paribas is committed to reducing the kWh carbon content financed as rapidly as the world average is due to fall under the IEA SDS scenario (i.e. 81g of CO2/kWh by 2040).
➤ BNP PARIBAS ENERGY MIX (PRIMARY ENERGY)
World 2018(*)
BNP Paribas 2017
BNP Paribas 2018
BNP Paribas 2019
0
10
20
30
50
60
70
40
(*)Source: IEA.
Energy production (%)
Gas CoalOil
Thanks to the implementation of its policy limiting the financing of coal extraction, the primary mix financed by BNP Paribas in 2019 had minimal exposure to this fossil energy (2.2%), which is the largest emitter of greenhouse gases.
(1) Source: International Energy Agency (IEA).
