BNP Paribas continues to be recognized for its leadership worldwide in Sustainability. For the second year in a row, the Bank was named the ‘Most Innovative Investment Bank for Climate Change and Sustainability” by The Banker magazine, and for the third straight year was listed in the Dow Jones World and Europe Sustainability Indexes.
In its 2017 Investment Banking Awards issue in September, The Banker praised BNP Paribas’ sustainable efforts, ranging from the supply chain finance program created for Puma to the World Bank’s first bond tied to the United Nations Sustainable Development Goals (SDGs). BNP Paribas also received specific mention on two U.S. transactions: Joint book-runner on $139mm green ABS by Solar Mosaic (led in Jan 2017 by our Global Markets teams) and Structuring of the 2016 Social Impact Bond for the State of Connecticut (led by CSR.)
The magazine said, “For the second year in a row, the French bank pick up the trophy for one of the most competitive categories. The depth and variety of its work that incorporates different aspects of socially responsible investing (SRI) has given it an edge over its rivals.”
Yann Gerardin, Global Head of Corporate and Institutional Banking (CIB), BNP Paribas said, “The bank has a dedicated sustainable capital markets team, but SRI principles permeate the entire CIB. Management requires every coverage banker to be able to speak with their clients, be it corporates or institutional investors, about sustainability.”
Meanwhile, BNP Paribas scored 86/100 in the annual RobecoSAM rankings included in this year’s Dow Jones World and Europe Indices – far surpassing the average score of the Banking sector at 58/100. With scores of 100/100, the Group has particularly performed well in risk management and climate strategy in favor of energy transition. The Group has also significantly improved its scores in the fields of the respect of Human Rights, the Health and Safety of employees and the Code of Conduct. Out of 274 banks, BNP Paribas is the first French Bank and one of nine European banks listed in these indices.
The Dow Jones World and Europe Sustainability Indexes evaluate the performance of the 2,500 largest companies listed on the Dow Jones Global Market Index against economic, environmental, and social criteria.