BNP Paribas tops 2025 target, invests $299B in low carbon transition

Core Insights - BNP Paribas has positioned itself as a leader in sustainable finance, providing a total of $69 billion in sustainable finance bonds and loans in 2025, making it the top issuer and lender in this sector [3] - The bank has significantly increased its credit exposure to low carbon energy projects, rising from 54% in 2022 to 82% in 2025, indicating a strong commitment to sustainability [4][8] - BNP Paribas aims to support the transition to net-zero by financing projects aligned with sustainability goals and reducing funding for polluting sectors [5] Sustainable Finance Commitment - The bank has committed over $299 billion (252 billion euros) to support the low carbon transition from 2022 to 2025, surpassing its initial target of $237 billion (200 billion euros) [8] - As of September, 82% of BNP Paribas' credit exposure to energy production, amounting to $45.5 billion (38.3 billion euros), was directed towards low carbon energy financing [8] - The investment in low carbon energies has grown over 37% in the past three years, showcasing the bank's ability to support client projects globally [8] Strategic Shifts - BNP Paribas Asset Management will cease investing in new bonds from companies focused on oil and gas exploration and production by the end of 2024, aligning with the bank's broader sustainability practices [6] - The bank has not financed oil projects since 2016 and has set ambitious goals to reduce oil and gas financing by over 30% and 80% respectively by 2030 [7] - BNP Paribas is fully committed to exiting investments in fossil fuels, including the development of new oil and gas fields [7]