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BNP Paribas adopts the Climate Principles

Date
03 June 2010
BNP Paribas adopts the Climate Principles

PARIS, 3 June 2010: BNP Paribas have announced that they have signed the Climate Principles – the finance industry's landmark response to dealing with the risks and opportunities of climate change. BNP Paribas joins the group of six leading financial institutions who are committed to playing a proactive part in the fight against climate change in their capacity as advisors, lenders, investors and insurers. Steve Howard, CEO of the Climate Group, who acts as secretariat to the Climate Principles group, said: “Banks and insurers have a critical role to play in financing the rapid scale up of the low carbon technology needed to tackle climate change. We are delighted that BNP Paribas has taken the step to adopt the Climate Principles and play an active part in the transition to a prosperous low carbon economy.”

BNP Paribas has created a Climate Change Steering Committee to identify the risks and opportunities related to climate change and address the ways to support the transition to a low carbon economy. Jean Clamon, Managing Director of BNP Paribas, member of the Executive Committee and in charge of CSR, chairs this Committee on which representatives of all the different businesses and functions that sit. He says: “BNP Paribas, as a key player in the financing of the economy, wants to play an important part in combating climate change by, not only by reducing the impact of its own activities on the environment, but also by helping its clients to understand and manage their risks, opportunities and management needs relating to climate change”.

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