The Limited Times

Now you can see non-English news...

Climate: BNP Paribas refutes the accusations of NGOs


DECRYPTION – Formal notice in October, the bank assures respect of its environmental “duty of vigilance”.

BNP Paribas defends its actions to fight against global warming.

The bank has just responded to the three NGOs - Oxfam, Friends of the Earth France and Notre affaires à tous - who had given it formal notice on October 26 on the basis of the law on the duty of vigilance.

This 2017 text obliges large companies to identify risks and prevent serious attacks on the environment and human rights.

To discover

  • Pension reform: calculate the age at which you will finally leave

The NGOs consider that, by financing new fossil projects, BNP Paribas does not respect environmental rights, and therefore goes against its duty of vigilance.

They underline that, according to the scientific consensus, any new project for the exploitation of fossil fuels must immediately be stopped in order to comply with the Paris agreement on global warming.

According to them, the due diligence measures taken by BNP Paribas

“prove to be neither sufficient nor appropriate”


They ask the bank to improve the plan and to

“stop supporting financially…

This article is for subscribers only.

You have 69% left to discover.

Cultivating your freedom is cultivating your curiosity.

Keep reading your article for €0.99 for the first month


Already subscribed?


Source: lefigaro

All business articles on 2023-01-26

You may like

Business 2023-02-23T06:02:03.758Z
Business 2023-02-10T18:21:07.948Z

Trends 24h

Business 2023-03-29T18:01:14.778Z
Business 2023-03-29T18:19:31.103Z


© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.