Contributing towards a more sustainable economy

fr en de

BGL BNP Paribas publishes its 2021 CSR Report.

<< Back
12/07/2022 |
  • Photo BGL BNP Paribas

In its 2021 responsibility report, BGL BNP Paribas presents the actions it is taking to achieve the goal it set several years ago: promoting the transition towards a more responsible and sustainable economy. These initiatives are based around three areas: the bank’s role in supporting its clients in this transition, improving its own social and environmental footprint, and finally its commitment to civil society.

Faced with the climate emergency, one of the bank’s key roles is to support its retail and corporate clients in their energy transition. It draws on its wide range of responsible financing and investment products to offer solutions to clients who wish to have a positive impact on society and/or the environment. For instance, retail clients seeking to limit their carbon emissions can now receive a green mobility loan or an energy retrofitting loan. Meanwhile, Corporate Banking has focused on training and raising awareness among its staff of sustainable products and solutions, sector trends and new technologies. This initiative has already led to corporate clients being supported in their transition.

At the same time, the bank is hard at work every day to reduce its environmental footprint and offer its staff a working environment that is aligned with its values. For example, in 2021, the bank managed to cut its paper consumption by 25% from 2020 levels through a collective challenge launched among its staff. In addition, the strategy that has been in place for several years to continuously improve the energy efficiency of its buildings has proved successful and led it to achieve ISO 50001 certification in January 2022.

Lastly, BGL BNP Paribas is helping to finance a range of projects through its patronage activities. Sharing its time and skills, and financing initiatives that make a positive impact are some concrete ways of supporting projects and charities. With a view to promoting social inclusion and the circular economy, the bank has, for instance, donated 1,400 used desktop and laptop computers to two charities specialised in giving a new life to IT hardware and getting people into work: Digital Inclusion and Ecodair. BGL BNP Paribas is also a founding member of microlux, the first microfinance institution in Luxembourg. In 2021, microlux granted 52 microloans amounting to €829,600 to new entrepreneurs.

Actively contributing to a responsible and sustainable economy is therefore fully in line with BGL BNP Paribas’ strategy, but also more broadly with that of all the entities that make up the BNP Paribas Group in Luxembourg.

The biggest employer in Luxembourg’s financial industry thus offers a comprehensive range of sustainable financial products and services. BNP Paribas Asset Management and Cardif Lux Vie apply ESG criteria to all their investment processes. In 2021, BNP Paribas Asset Management placed particular focus on biodiversity to enable its investor clients to contribute towards protecting and restoring ecosystems. Thanks to its expertise in fund administration and custody, BNP Paribas Securities Services plays an important role in green issuance and is the listing agent for more than 40% of all issues on the Luxembourg Green Exchange. Arval Luxembourg has assumed its role as an advocate of electric mobility, since the share of electric and hybrid vehicles accounted for almost 30% of total orders recorded in 2021, up from 20% in 2020.

Béatrice Belorgey, Country Head of the BNP Paribas Group in Luxembourg and Chair of the BGL BNP Paribas Executive Committee, said: “More than ever, we are committed to financing a carbon-neutral economy by 2050 and to supporting our clients in this essential transformation. We are aware that the transition to a more sustainable economy is a long-term trajectory, and we are laying the foundations for it now in our 2022-2025 Strategic Plan, which is based on three priorities: Growth, Technology, Sustainability. This plan defines our commercial objectives for sustainable investments and loans, as well as our objectives for aligning our portfolio with a low-carbon economy.”

Back to top  | << Back

Communiqués liés

EQS Group Achim Weick 300dpi
05/10/2022 Partenariat

PwC Luxembourg signs alliance with EQS Group

Today, PwC Luxembourg announces that they have joined forces with EQS since Augu...

PwC
BDO Luxembourg's New Partner 2022
05/10/2022 Personnalités

BDO Luxembourg announces the nomination of 3 new partners

BDO in Luxembourg has the pleasure of announcing the nomination of Eric Bineau, ...

BDO
Sara Laabid Apex Group

Apex Group launches new DEI Solution for Private Markets

Apex Group Ltd. (“Apex Group” or “The Group”), a global financial servic...

Apex
CMS

CMS advises on the launch of Imagine Impact Bonds, the first...

CMS has advised on the launch of Imagine Impact Bonds, a joint initiative betwee...

CMS Luxembourg
Goodyear

Goodyear présente le concept-pneu Eagle Go pour équiper le...

Le mélange de gommes de la bande de roulement du concept-pneu Eagle GO est comp...

Goodyear
Livrée Think Pink © Luxair 4
28/09/2022

Octobre rose : Luxair passe du bleu au rose

A l’occasion du mois de sensibilisation au cancer du sein, Luxair s’habille ...

Luxair

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more