Assemblée générale de BNP Paribas : quels enjeux pour le climat ?
Summary
Reclaim Finance criticizes BNP Paribas for being the top European supporter of the 100 largest fossil fuel developers, providing $55.6 billion since the Paris Agreement. The organization argues that the bank's current policies still allow for the financing of new oil and gas fields incompatible with a 1.5°C scenario and calls for the bank to vote against the flawed climate plans of major energy companies like TotalEnergies and Shell.
Key insights
- BNP Paribas is the leading European financial supporter of the 100 largest fossil fuel developers, having provided $55.6 billion in funding between 2016 and 2021.
- Despite announcing new commitments, BNP Paribas's measures still permit the direct financing of new fossil fuel projects, including oil and gas fields that the International Energy Agency (IEA) deems incompatible with a 1.5°C scenario.
- In 2022, BNP Paribas has provided support to major fossil fuel developers including BP, EIG (a subsidiary of Saudi Aramco), and TotalEnergies, the latter of which received part of an $8 billion loan operation in April 2022.
- BNP Paribas AM and BNP Paribas Cardif lack a formalized voting policy with specific criteria or automatic mechanisms to stop fossil fuel expansion, leading to inconsistent voting on corporate climate plans.
Cite the original document
- APA
- admin (2022). Assemblée générale de BNP Paribas : quels enjeux pour le climat ? Reclaim Finance. https://reclaimfinance.org/site/2022/05/16/assemblee-generale-de-bnp-paribas-quels-enjeux-pour-le-climat/
- Chicago
- admin. Assemblée générale de BNP Paribas : quels enjeux pour le climat ? Reclaim Finance, 2022. https://reclaimfinance.org/site/2022/05/16/assemblee-generale-de-bnp-paribas-quels-enjeux-pour-le-climat/.
- Wikipedia
- {{cite press release |last1=admin |title=Assemblée générale de BNP Paribas : quels enjeux pour le climat ? |publisher=Reclaim Finance |date=16 May 2022 |url=https://reclaimfinance.org/site/2022/05/16/assemblee-generale-de-bnp-paribas-quels-enjeux-pour-le-climat/ |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{admin2022assemble, author = {admin}, title = {{Assemblée générale de BNP Paribas : quels enjeux pour le climat ?}}, publisher = {Reclaim Finance}, year = {2022}, month = may, url = {https://reclaimfinance.org/site/2022/05/16/assemblee-generale-de-bnp-paribas-quels-enjeux-pour-le-climat/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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