Sustainable finance, which seeks to align economic performance with environmental impact or societal benefit, is another field of action for BNP Paribas. The Group figures among the world's top three stakeholders in the Green Bonds market, with €5.3 billion invested in 2017. Its subsidiary, BNP Paribas Asset Management, proposes a wider range of low-carbon funds to investors (Parvest Green Bonds, Global Environment, Climate Impact, etc.). To support businesses seeking to become carbon-neutral, in 2018 BNP Paribas will launch a platform for the purchase and sale of credits issued to voluntarily counteract carbon-ClimateSeed. The platform will reinvest 100% of its profits in the development of initiatives aimed at improving its environmental impact.

In parallel, the Group is going to double its financing in the renewable energy sector, passing from €7.2 billion in 2015 to €15 billion by 2020. It will also invest €100 million in innovative start-ups by 2020.

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BNP Paribas SA published this content on 22 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 April 2018 06:16:01 UTC