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Message from the Chairman and the Chief Executive Officer

Photo : Jean Lemierre and Jean-Laurent Bonnafé.

“ BNP PARIBAS MUST ANTICIPATE SOCIETY’S EXPECTATIONS. “

BE THE REFERENCE BANK IN A CHANGING WORLD

2014 will remain a significant year for BNP Paribas.

We started this year by announcing our 2014-2016 Development Plan, an ambitious three-year programme to adapt, simplify and develop the way we work. In July, BNP Paribas announced that it had arrived at a global settlement regarding the investigation into certain dollar transactions concerning countries subject to U.S. sanctions.

Under this agreement, BNP Paribas S.A. acknowledged its responsibility and we expressed our regrets for these past mistakes. Certain failings identified during the investigation were contrary to the ethical principles that BNP Paribas has always sought to adhere to. We announced a major plan to strengthen our checks and internal processes, in close collaboration with the U.S. authorities and our national regulator, to ensure that our practices meet the high standards of responsible behaviour we expect from everyone at BNP Paribas.

More widely, we are convinced that any large company, particularly BNP Paribas, which is a bank involved in medium-term economic development around the world, must anticipate constantly-evolving regulations as well as society’s expectations. Our world is changing, and with it, behaviour and customs. In this context, our commitment to responsible banking is more crucial than ever, and we will continue to accelerate our efforts to strengthen it even more. Our decision to set up an Ethics Committee with independent experts, to guide our decisions on sensitive matters is an example of this. Our mobilisation to contribute even more effectively to financing the energy transition is another, as are our efforts to support innovative, job-creating businesses which make social impact a priority.

We want to show that we are the reference bank in a changing world: an ethical and responsible bank, able to understand and anticipate these transformations and their impacts, but also a bank able to innovate and constantly renew itself to offer the best service to its clients. This report will give you concrete evidence.