BNP Paribas is one of the
main banks in Europe. It was created on 23 May 2000 through the
merger of Banque Nationale de Paris (BNP) and Paribas. Together
with Société Générale and Crédit Lyonnais it is one of the 'three old banks' of France. BNP Paribas is an universal bank and operates in three main business areas; retail banking, corporate investment banking and investment solutions.
An overview of BNP Paribas's sector policies can be found here.
benchmarked BNP Paribas's Human Rights policy and practice against the UN
Guiding Principles on Business and Human Rights in December 2014, giving the
bank a total score of 6 out of 12 (Policy commitment 4/4; Due
diligence commitment 1/3; Reporting 1/3; Access to remedy 0/2). For more
details, see the report "Banking
The policies of BNP Paribas have been reviewed by the Fair Finance Guide. The Fair Finance Guide assesses and scores bank policies on a wide range of issues against international standards of sustainability and human rights. Go here for the review in the Belgian Fair Finance Guide and here for the review in the French Fair Finance Guide.
Coal funeral at Deutsche Bank, BNP Paribas and ING
Jan 09, 2012 - On the 1st of March 2011, Netwerk Vlaanderen and its partner organisations in the Bankroet campaign buried coal in front of Deutsche Bank, BNP Paribas and ING, putting the dirty energy source where it belongs: under the ground. Netwerk Vlaanderen handed over more than 4.000 signatures against investments in coal-fired power plants to the respective banks. These banks are among the biggest financiers of coal-fired power plants in the Belgian banking sector.
Based on Les Amis de la Terre main reports on private finance, this educational website presents a profile of French banks, saving products and insurances, and aims at making individuals
aware of the social and environmental impacts of these financial institutions, and at encouraging them to get active in this area of crucial importance.
The website also includes a web calculator, for individual to be able to evaluate the carbon weight of their savings, and to show them how to reduce it by changing their choices of banks and savings products.
Funeral of coal at BNP Paribas, ING, Deutsche Bank
On Tuesday 1st March NGOs handed over 4,000 signatures to representatives of banks that are active on the Belgian market. The signatories of this petition asked the banks to end their investments in coal-fired power stations.
In April, BNP Paribas, Société Générale and Crédit Agricole all ruled out finance to coal mining projects in the Galilee Basin in Queenland, Australia. The planned new coal mine and port is expected to have devastating effects on the Great Barrier Reef, a World Heritage Site. Read more.
“Big Three” French banks rule out financing for Rampal coal project
In June, the three largest French banks, BNP Paribas, Crédit Agricole and Société Génerale, have said they will not finance the Rampal coal power project, on the edge of the Sundarbans mangrove forest in Bangladesh. The move comes six months after two Norwegian pension funds withdrew from India's National Thermal Power Corporation, one of the companies involved in developing the plant. Read more.
More US and European Banks step back from Mountaintop Removal
In 2013, BNP Paribas pledged to cut financing for top producers of mountaintop removal coal. In spring 2014, JPMorgan Chase updated its environmental policy committing to aggressively reduce its financing relationships with mountaintop removal coal mining companies. And in April 2014, Royal Bank of Scotland followed suit, updating their environmental policies to prohibit financing to companies who are "significant producers of coal using mountaintop removal (MTR) mining in Appalachia."
In March 2012 the Bulgarian government officially
announced the cancellation of the Belene nuclear power project. BankTrack
members had worked to stop the project as part of an international coalition
since 2006, when Western potential investors and financiers were approached for
the project. In 2010 BNP
Paribas withdrew from the project after years of campaigning by Les Amis de
la Terre and others. Other banks which came under pressure to stay out of the
project included Deutsche Bank, UniCredit, Citi and HSBC.