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Commitment 10 : Financing policy commitments in sensitive sectors

In 2014 BNP Paribas reinforced its criteria regarding its financing and investment in sectors with significant environmental impacts. It also developed specific products and services to support the energy transition of individual and corporate customers.



In 2014 BNP Paribas reinforced its actions concerning deforestation by signing the Soft Commodities Compact. This approach is being developed jointly by the Banking Environment Initiative (BEI) which brings together international banks working to channel capital towards responsible business activities, and the Consumer Goods Forum (CGF) which represents over 400 producers and distributors of palm oil, wood, soya and beef products around the world. By signing this initiative, BNP Paribas has agreed to finance the sector without generating net deforestation by 2020.

Photo : World - Through the signature of the “Soft Commodities Compact”, BNP Paribas reinforced its commitment to fighting deforestation.