2018 Registration document and annual fi nancial report - BNP PARIBAS 527
7 A COMMITTED BANK: INFORMATION CONCERNING THE ECONOMIC, SOCIAL,
CIVIC AND ENVIRONMENTAL RESPONSIBILITY OF BNP PARIBAS
7
Our economic responsibility: fi nancing the economy in an ethical manner
➤ BNP PARIBAS ELECTRICITY MIX
Electricity generation (%)
World 2017* BNP Paribas 2016
BNP Paribas 2017 BNP Paribas 2018
0
5
10
15
20
25
30
35
40
Wind, solar and other renewables
HydroNuclearOilGasCoal
(*) Source : IEA.
With 54% fossil sources (gas, coal and oil) and 27% renewable sources (hydro, wind, photovoltaic and other renewables), the electricity mix financed by BNP Paribas has a lower average carbon footprint than that of the world mix, which consisted of 65% fossil sources and 25% renewable sources in 2017, according to the International Energy Agency (IEA). The kWh carbon content fi nanced by the Group is 339g of CO2, compared with the world average of 484g in 2017 (Source: International Energy Agency).
In line with the Paris Agreement, BNP Paribas is now committed to reducing the kWh carbon content financed as rapidly as the world average is due to fall under the IEA scenario 450 (i.e. 85g of CO2/kWh by 2040).
➤ BNP PARIBAS ENERGY MIX (PRIMARY ENERGY) IN 2018
World 2017*
BNP Paribas 2016
BNP Paribas 2017
BNP Paribas 2018
Energy production (%)
GasCoalOil
0
10
20
30
50
60
70
40
(*) Source : IEA.
Thanks to the implementation of its policy limiting the fi nancing of coal extraction, the primary mix fi nanced by BNP Paribas in 2018 had minimal exposure to this fossil energy (3%), is the largest emitter of greenhouse gas .
