17 May 2018 - News

Energy transition: BNP Paribas, the number one bank according to NGOs

On March 28th, 2018, NGO network Banktrack – in partnership with 55 militant NGOs, among which Rainforest Action Network and Sierra Club – has published its annual report ranking banks’ financing and investment policies in the fossil fuel sector.

The impact of the Group’s financing and investment policies recognized by 55 NGOs.

Over 36 international banks analyzed in the report, BNP Paribas ranks as the best bank regarding its financing and investment policies in the fossil fuel sector. With an overall score of C+, BNP Paribas is the 1st bank before Crédit Agricole, Société Générale, ING, Morgan Stanley or Deutsche Bank.

NGOs notice that BNP Paribas’ support to fossil fuels has decreased over the 2015-2017 period, and that the Group is no longer part of the most exposed banks to this sector.

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