Head of Human Resources wins HR Director of the ... - BNP Paribas

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CIES quality label This label awarded by CIES certifies that fund investment products have been screened using socially responsible investment criteria and offer excellent price and quality characteristics. It also indicates that employee representatives hold the majority of seats on the supervisory boards. The employee investment savings product Phileis was also awarded a CIES label in 2003. This product combines BNP Paribas Épargne Entreprise’s expertise in the design of packaged employee savings with the investment management skills of BNP Paribas Asset Management. It features six SRI funds, each covering different performance/risk profiles, and includes two micro-finance funds. Promoting socially responsible investment As part of its involvement in 2003 Sustainability Week organised throughout France from 2 to 13 June, BNP Paribas Asset Management produced a daily radio programme on Radio Classique which outlined the human and financial value of SRI funds to investors. This client education programme was also endorsed by the French Secretary of State for Sustainable Development. BNP Paribas Asset Management becomes market leader “BNP Paribas unveiled its ‘Retirement Projects’ strategy, a global range of retirement savings products and services last December. The options available to clients include the BNP Paribas Retraite mutual fund, one of whose many qualities is that it is managed according to SRI criteria. This represents a significant development for the French SRI market, putting the latter’s total assets at over EUR 3.5 billion, and positions BNP Paribas Asset Management as the SRI market leader in France with EUR 900 million in assets under management. La Lettre de l’économie responsable – Issue 18, January 2004 Leverage the Group’s purchasing clout: Global Procurement Group (GPG) The Global Procurement Group (GPG) is dedicated not only to controlling and containing procurement costs, but also helps to spearhead BNP Paribas’ direct relations with its major suppliers. When renegotiating expired contracts or issuing new tender offers, GPG systematically integrates social and environmental clauses. This extends beyond the traditional business approach to client-supplier relations. It provides an opportunity to broaden and clarify the requirements of the Group’s CSR policy as defined by its general business principles and its commitment to sustainable development. In this way, BNP Paribas continues to take a leading role by developing a contractual framework to manage its sustainability commitments while extending and enriching its contribution to society. BNP Paribas San Francisco 101
To support the increased role of the Procurement function and enable it to monitor supplier compliance efforts around the world, the Group has developed a global Procurement organisation with dedicated staff in Paris, London, New York and Singapore. This organisation has access to worldwide databases providing: • An extensive inventory of the Group’s worldwide relations, covering more than 90% of external suppliers; • Standard supplier contracts, which have been developed for 700 of the Group’s largest suppliers, accounting for half of the worldwide supplier base. Rules of conduct relating to employee relations with clients and suppliers are defined in the Group’s guideline framework. The audit conducted by General Inspection in 2003 found the Procurement teams were familiar with the provisions of the rules of conduct. BNP Paribas Marché Saint-Honoré – Paris In addition to implementing the contractual agreements for the Group’s CSR commitments, a systematic process which began in 2002, the Procurement function has also introduced a number of measures for sustainability performance: • Systematic monitoring of environmental and social performance of the Group’s largest suppliers and their competitors, using models developed by BNP Paribas Asset Management’s SRI analysts, with the aim of including sustainable criteria in contract awards; • Wide-ranging consultation with suppliers, which includes a feedback survey in which suppliers can discuss their perception of BNP Paribas as a client. An action plan will be developed in 2004 to respond to the principal requests of suppliers; • Development of green purchasing contracts which are awarded according to environmental criteria rather than the lowest price option, particularly in areas such as renewable energy; • Encouraging recycling programmes developed by groups of general services managers from different sites.
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Head of Human Resources wins HR Director of the ... - BNP Paribas

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