RepoRt on - BNP Paribas

NRE indicator - 2009 year Scope for 2009
16. Resources dedicated to mitigation of environmental risks
BNP Paribas has a Carbon Finance team dedicated to researching and promoting market solutions for
corporate clients seeking to fulfil their obligations to reduce greenhouse gas emissions in accordance
with the Kyoto protocol and European directives on CO emission quotas. As a financial institution,
2
BNP Paribas plays a role in facilitating the operation of carbon trading markets and fostering
their development.
In November 2009, BNP Paribas and the Russian oil company TNK-BP signed two milestone agreements
on climate change. The first agreement is for the purchase of carbon credits generated by the
Samotlorneftegas project. The second agreement is for the development of two new CO emission
2
reduction projects.
BNP Paribas is a member of the French association Entreprises pour l’Environnement (EpE – companies
for the environment) and participates in its working groups.
BNP Paribas’ Innovation and Technology Centre (CIT) within ITP has launched the “Greening IT”
programme to reduce the carbon footprint of its IT facilities. CIT designs and carries out assessments
for projects that leverage technological advances in the field of renewable energies and other areas. Group
17. Structure to deal with pollution incidents extending beyond the Company
Any crisis situation is managed by an ad hoc committee composed of the Group’s top executives.
This committee is responsible for ensuring appropriate measures are taken and informing
the concerned operating entities. As required by the scale of the incident, information may be passed
on to the entire Group, and there may be a call for mutual assistance. As part of the process
of validating the operational risk framework, detailed studies were performed to define and reinforce
the Business Continuity Plan, in particular in the event of pollution discharges or accidents. Group
18. Amount of provisions and guarantees covering environmental risks
USd 3.4 million. The provision is for private litigation and is not intended to cover penalties
for non-compliance with regulations. Group
19. Amount of compensation paid following legal decisions relating to the environment
The Group has not been the subject of any adverse court rulings on environmental matters. Group
20. Environmental objectives set for foreign subsidiaries
BNP Paribas’ guiding principles, notably the Global Compact and the ten principles in the Group’s
environmental responsibility charter, apply to all employees regardless of the business entity or country
in which they are employed. The businesses are responsible for implementing the Group’s guiding
principles throughout their reporting organisations, including subsidiaries, in all territories.
The General Inspection and Sustainable development units have designed an audit methodology
for corporate social and environmental responsibility to measure the Group’s compliance
with its environmental guidelines.
General Inspection auditors have full access to information and can perform any type of audit
with complete independence in any of the consolidated subsidiaries. Audit findings and results
of inspection missions are presented in an annual report which is sent to the Commission Bancaire
in accordance with its requirements. Group
145 <strong>RepoRt</strong> on CoRpoRate SoCial and enviRonmental ReSponSibility