Life on land represents an ecosystem of priceless value for our planet. The UN, through this sustainable development goal, has every intention of protecting and restoring this ecosystem, increasingly under threat.
In the face of a rising worldwide population (7.6 bn in 2018, 9.8 bn in 2050) and the degradation of numerous land ecosystems, the objectives of the UN sustainable development goals guide us on the path to follow in order to achieve a better and more sustainable future for all.
In real terms, the sustainable development goal no.15 aims to:
- Sustainably manage forests: put an end to deforestation, restore deteriorated forests, increase afforestation and reforestation on a worldwide scale, etc.
- Fight against desertification and reverse the processes of soil depletion: drought, flooding, etc.
- Put an end to the impoverishment of biodiversity and the degradation of the natural habitat:
- Fight against poaching and the traffic of endangered species
- Protect endangered species and prevent their extinction
An ecosystem of priceless value
The quality of the air that we breathe and the water that we drink is directly dependent on forests, soil and the animal and plant species that live on the Earth.
Forests are home to 80% of the Earth’s biodiversity
These ecosystems ensure our quality of life, perhaps even our survival. 80% of humankind’s nutrition is provided by plants. Indeed, most medicines use plant extracts.
However, we are faced with massive and ever increasing deforestation: over the last thirty years, 80% of forest cover worldwide has been cut down or deteriorated.
Loss of biodiversity, exacerbation of illnesses, disappearance of coral, natural disasters, dwindling of water resources, greenhouse gases… the consequences of deforestation and the depletion of soils are dramatic.
Take action in favour of the environment and land ecosystem
As part of its environmental commitments, BNP Paribas is adapting its financing and investments activities, and now integrates criteria relative to biodiversity.
The Group has drawn up several financing and investments policies covering its activities in sensitive economic sectors impacting directly the forests’ condition. These public policies have been developed in cooperation with independent experts and apply to all of the Group’s business lines and countries where it operates.
Tropical Landscape Financing Facility (TLFF):
The TLFF is an innovative initiative co-founded by BNP Paribas, UNEP, the World Agroforestry Centre (WAC) and ADM Capital, enabling the funding of projects that aim to support Indonesia in sustainable growth. In February 2018, the first loan for the sum of 95 million dollars was issued to help finance a natural sustainable rubber plantation on severely depleted soil (an Indonesian joint company project between the French group Michelin and the Indonesian group Barito Pacific).
Initiative “Zero Net Deforestation” from the Soft Commodities Compact:
Integrating sustainable development goals in its Corporate Social Responsibility strategy involves ambitious actions.
BNP Paribas asks its customers from the agricultural sector, palm oil, paper paste and mineral extraction, to strictly respect forests of High Conservation Value (HCV Forests) and to prohibit the slash-and-burn technique.
In the palm oil sector, customers must also adopt a policy of protection of high carbon stock forests (High Carbon Stock Approach).