CREDIT : MSCI ’ S CAPITAL FOR CLIMATE CONFERENCE IN LONDON
BNP PARIBAS ’ 2024 CLIMATE REPORT
BNP Paribas ’ 2024 Climate Report includes new pledges to significantly reduce the GHG emission intensity of its financing to high-carbon sectors .
As part of its 2024 Climate Report , the company , which has US $ 2.9tn in assets and employs 190,000 people , has also made sustainability commitments in three sectors with high CO2 emissions : air transport , maritime transport and commercial property .
The report says : “ Determined to align its credit portfolio with net zero trajectories and to support the economy in its transition to lowcarbon , BNP Paribas is committed to significantly reducing the greenhouse gas emission intensity of its financing to sectors with the highest emissions .
“ In addition , the 2023 commitment to achieve 80 % low-carbon financing for the Group ’ s energy production by 2030 has been brought forward by two years , to 2028 . The target for 2030 is now 90 %.” sustainabilitymag . com 71