BNP Paribas ranked first among Europe’s 15 largest banks for its work in the fight against climate change
In a report by ShareAction, BNP Paribas won 107 out of 162 points for its response to climate-related risk and the low-carbon transition.
The non-profit organisation said, “BNP Paribas is the clear leader in the field”. Part of the bank’s work includes engaging with external actors on climate-related issues such as policymakers, trade associations and credit rating agencies.
ShareAction’s report assessed banks’ performance across four key themes:
The survey found that of the 15 banks assessed all consider climate-related risks and opportunities in their operations but French banks were in the lead. This is partly due to the introduction of legislative and regulatory measures in France such as Article 173, which strengthens mandatory disclosure requirements for banks on climate-related risks.
The survey was carried out between July and November 2017.
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