As a major global financial establishment, BNP Paribas recognizes its impact on society and strives to contribute to sustainable economic development through the exercise of its business activities.
Having previously issued policies concerning the financing of the “palm oil” and “defense” sectors, BNP Paribas has published a third policy governing financing of nuclear power plants, a sector that is particularly sensitive in terms of both social and environmental impact.
The use of nuclear power has a positive impact since it helps meet the growing energy needs of the world’s population while generating minimal greenhouse gas emissions in comparison with other energy sources. However, nuclear power plant operation is a complex and sensitive issue, especially due to safety issues.
This is why BNP Paribas has defined a responsible policy for the financing of nuclear power plants, covering construction, operation and critical equipment. This sector policy applies to all BNP Paribas entities worldwide.
It is part of a comprehensive policy of responsible financing for the economy and will be followed in 2011 by additional policies governing sectors that involve sensitive environmental and social issues.