A responsible bank
BNP Paribas is committed for a positive impact
Our Positive Impact Business initiative
Positive Impact Business at BNP Paribas, what does this entail?
Positive Impact Business aims to carry out business by integrating the global and sustainable impact of the activity of the different stakeholders as well as on the environment.
The bank working together for a positive impact
Within the context of this initiative as a responsible business, BNP Paribas commits to having a Positive Impact Business approach. The bank, through its actions as a business, would therefore like to contribute to a better future for our society and our environment.
Having been committed for a while now in initiatives of Corporate Social Responsibility (CSR), we’ve decided to better coordinate these actions through a transversal programme of Business Commitment.
Each of the bank’s business-lines and functions is instrumental in this initiative of building our positive impact.
1. Our economic responsibility
Providing long-term support to our customers and partners for a positive economy
BNP Paribas in Switzerland, along with the rest of the Group, sets an objective of financing the real economy in an ethical and responsible manner. To this end, we offer funding and investments with a positive impact to advise and support our customers in their contribution to sustainable and fair development.
Supervising environmental, social and governing risks
We have, in addition, put in place rigorous processes for managing environmental, social and governing risks. The most sensitive sectors are especially well supervised thanks to nine sectoral public policies drawn up in consultation with independent experts.
2. Our social responsibility
Promoting diversity and inclusion
Our greatest resource is our employees. Diversity, equality and inclusion are the star commitments of the Group, which are reflected in our values. BNP Paribas in Switzerland pays special attention, among other things, to the parity man-woman in terms of promotions. This dynamic attentiveness has allowed the proportion of female executives and members of Senior Management to be reinforced over the last few years, to reach levels that position us in the lead concerning this issue.
Encouraging the balance between professional and personal life and development
As a responsible employer, BNP Paribas is active in the development of its employees thanks to a professional path that’s dynamic and personalised.
We value new working methods which combine agility and innovation. As such, employees benefit from a positive professional environment, which protects their health and the balance between their professional and personal life.
3. Our civic responsibility
Working towards cultural inclusion and education
BNP Paribas is a player engaged in society. As a banker, an employer or a sponsor, we multiply initiatives in favour of social inclusion, promotion of Human Rights, education and culture.
Our employees are committed
In Switzerland, the bank encourages its employees to become voluntarily involved in local or international associations. In 2022, the bank therefore offered 2’400 hours to employees for voluntary assignments such as:
- Helping with the integration of migrants,
- Contributing to developing entrepreneurship with young people,
- Supporting the wheelchair tennis tournament, the Swiss Open Geneva
- Preservation of the environment
4. Our environmental responsibility
Towards a Net-Zero economy,
Reducing the use and dependence of our societies on fossil fuels is a necessity. For several years, BNP Paribas has been supporting its clients in their transition and has made significant, quantified, and dated commitments to finance a carbon-neutral economy by 2050.
The Group is thus engaged in an orderly and progressive movement away from fossil fuels and announced in January 2023 its decision to massively reduce its support for oil and gas exploration and production.
In 10 years, we have moved from 90% of financing for fossil fuel production and 10% for low carbon to nearly 60% for low carbon and 40% for fossil fuels today. By 2030, low carbon will represent at least 80% of our energy financing.
Supporting businesses for a positive and sustainable impact
In 2022, BNP Paribas was the global number one for the placement of green bonds (source Bloomberg) and by 2025 will commit 200 billion euros to support its large corporate clients in their transition to a low carbon economy.
In Switzerland, this translates, for example, into a tailor-made financing solution with BNP Paribas Leasing Solutions and Eaton, the intelligent energy management company, to enable companies to accelerate their energy transition while preserving cash flow. For BNP Paribas, leading the transition can therefore only be done collectively. On one hand internally, through its teams, who benefit from continuous training via the Sustainability Academy, and on the other hand externally, through sectoral working groups and coalitions. The Group thus works very regularly with other banks to define common indicators, allowing us to measure our progress, and with its clients, to help them advance in their transition.