10/14/2021 | Press release | Distributed by Public on 10/14/2021 01:59
For many years, BNP Paribas has featured a robust and ambitious CSR (Corporate Sustainable Responsibility) strategy, and its operational implementation is regularly subjected to in-depth analyzes by specialist ESG (Environment, Social and Governance) third parties. Two recognized extra-financial rating agencies have recently awarded the Group excellent scores in their latest evaluations, confirming the high level of performance demonstrated by BNP Paribas in terms of corporate social responsibility.
In July 2021, BNP Paribas secured an overall score of 72/100 at its rating by the French agency EcoVadis, which assesses the ESG practices of companies as suppliers. Up two points from the score obtained in its previous assessment, this is the best performance of the Group at an EcoVadis evaluation (started in 2010).
This score positions BNP Paribas in the top 4% of companiesevaluated by EcoVadis (more than 75,000 to date) as suppliers, all sectors combined. The Group has maintained its excellent performance in all of the assessment categories: Environment, Social and Human Rights, Ethics and Responsible Purchasing.
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In 2021, more than a hundred of the Group's corporate clients consulted its EcoVadis profile, demonstrating the importance of this rating as a practice of CSR performance disclosure and monitoring with business partners.
FTSE Russell, a subsidiary of the London Stock Exchange Group, gave BNP Paribas a score of 4.5/5 in its ESG Rating, positioning the Group in thetop 4% of companies in the banking sector. These very good results allow BNP Paribas to remain a constituent in the FTSE4Good ethical index series, which integrate companies demonstrating advanced environmental, social and governance practices, in application of recognized international standards.
"These excellent results underline the relevance and maturity of BNP Paribas' CSR strategy, able to meet the requirements of multiple extra-financial rating agencies, regardless of the positioning and methodological approach they have adopted. Thanks to the continuous mobilization of its network of experts and its culture of excellency and diligence, BNP Paribas is not only able to continuously progress towards achieving its environmental, social and governance targets, but also to demonstrate its achievements to external stakeholders," declared Laurence Pessez, Global Head of CSR at BNP Paribas.
A recognized French player in the field of extra-financial rating, EcoVadis is one of the few agencies specializing in the ESG rating of companies as suppliers of products and services and issuers of securities.
BNP Paribas has been assessed by EcoVadis since 2010. This evaluation enables the Group to measure its performance as a responsible supplier, on the basis of a very comprehensive assessment methodology covering all environmental, social and governance issues that are material for a supplier. Thanks to the use of the EcoVadis platform, BNP Paribas can share the results of its evaluations with clients and prospects.
They can consult the Group's scorecards and follow the evolution of its performance in detail (strengths, areas for improvement, controversies) in the various themes, while having access to documents.
In addition, more and more subsidiaries and entities of the Group request to be individually evaluated by EcoVadis, as it allows them to respond more precisely to the targeted requests of customers and prospects in their sector. BNP Paribas Real Estate thus obtained a score of 72/100 and a "Gold" status in September 2020, positioning itself in the top 3% of companies in the "real estate" sector.
Launched in 2001, the FTSE4Good ethical index series integrate companies working in favor of the environment, striving to develop dialogue with their stakeholders, and supporting universal human rights principles. Established by FTSE Russell, a subsidiary of the London Stock Exchange Group, the FTSE4Good series is based on the results of the ESG Rating, an extra-financial assessment based on environmental, social and governance dimensions.
Photo credit: Danon
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