BNP Paribas recently signed the Climate Principles – the finance industry’s landmark response to dealing with the risks and opportunities of climate change. Adopting these principles signifies that the Group will be engaging all stakeholders on the commitment to address climate change and supporting them in playing an active role in meeting this commitment. We believe that action is necessary on all levels: government, business and individual.

Adopting the Climate Principles means making a commitment to:

1. Minimise our operational carbon footprint;
2. Make business decisions that will reduce climate change risks and allow the development of climate-change
related opportunities
3. Develop products and services that enable our customers to manage their climate change related risks and
business opportunities;
4. Engage with our customers, suppliers and wider society to seek opportunities for a low carbon economy;
5. Support the development of sound energy and climate change policy; and,
6. Disclose progress against our commitment.

The creation of a Climate Change Steering Committee will allow us to identify the risks and opportunities related to climate change and the ways to support the transition to a low-carbon and prosperous future.