832019 Universal registration document and annual financial report - BNP PARIBAS

2CorPorate GovernanCe and internal Control

2

Corporate governance report

➤ b. The components of remuneration paid to Mr Philippe Bordenave, Chief Operating Officer, during financial year 2019 in respect of previous financial years (having been subject to a shareholders vote at the time of their allocation)

In euros

Date submitted to the AGM and resolution

number Amounts paid in 2019

Annual variable remuneration 758,670

Including partial payment of the annual variable remuneration in respect of 2018 23 May 2019

15th resolution 188,252

Including partial payment of the annual variable remuneration in respect of 2017 24 May 2018

16th resolution 201,096

Including partial payment of the annual variable remuneration in respect of 2016 23 May 2017

15th resolution 112,384

Including partial payment of the annual variable remuneration in respect of 2015 26 May 2016

12th resolution 256,938

Multi-annual variable remuneration 14 May 2014

13th resolution 0

➤ c. All types of commitments undertaken corresponding to remuneration components, compensation or benefits in kind due or likely to be due as a result of the assumption, termination or change in functions or after performing these to the benefit of Mr Philippe Bordenave, Chief Operating Officer

Amounts Comments

Sign-on bonuses and severance payments

None Mr Philippe Bordenave receives no sign-on bonuses or severance payments.

Top-up pension plan with defined benefits

None Mr Philippe Bordenave benefits from no supplemental defined-benefit pension plans.

Top-up pension plan defined-contribution

1,743 The corporate officers benefit from the defined-contribution plan (article 83 of the French General Tax Code) set up for all employees of BNP Paribas (SA). The amount of contributions paid by the Company under the plan in 2019 to Mr Philippe Bordenave was EUR 1,743.

Welfare benefit and healthcare plans

3,274 Mr Philippe Bordenave benefits from the disability, invalidity and death and healthcare insurance offered to employees of BNP Paribas (SA). He also benefits from death and disability insurance covering all employees of BNP Paribas (SA).

Details relating to the annual variable remuneration of executive corporate officers Assessment of the achievement of the targets set for 2019 At its meeting of 4 February 2020, the Board of directors assessed the achievement of the objectives set in accordance with the remuneration policy.

Group performance criteria The Board of directors reviewed the achievement of the quantitative portion of the annual variable remuneration in terms of the criteria linked to the Group s performance provided for in the remuneration policy.

As regards the criterion of ratio of net earnings per share to net earnings per share for the previous year, its measure was equal to 40.64% of the target variable remuneration for 2019.

As regards the criterion of achievement of the budgeted gross operating income, its measure was equal to 37.53% of the target variable remuneration for 2019.

Criteria linked to the Group s CSR performance The Board of directors reviewed the achievement of the multi-criteria measurement with regard to the three criteria linked to the Group s CSR performance provided for in the remuneration policy, each of which has a 3.33% weighting.

(i) Board s assessment of the CSR policy With respect to the qualitative assessment, the Board of directors considered that this criteria had been achieved taking into account the 2019 highlights in terms of climate and social issues:

BNP Paribas has an ambitious policy of societal engagement, with initiatives to promote ethical responsibility and consideration of social and environmental issues with a clear energy strategy. The Bank s aim is to be a leader in sustainable finance.

a) In terms of social issues, it promotes a more inclusive society:

■ The Bank is a founding partner of L Ascenseur, a unique space dedicated to equal opportunities, which was launched in Paris where 20 associations came together to support young people with a view to improving social inclusion;

■ BNP Paribas was the first CAC 40 company to sign the #JamaisSansElles charter, committing the Executive Committee to stop taking part in events with more than three speakers where none of them are women;

■ BNP Paribas is ranked in the Top 100 worldwide for gender equality, according to the NGO, Equileap;