Bnp Paribas

Bnp Paribas's carbon emissions and climate commitments for 2025 show a total of approximately 94.6 billion kg CO2e. This includes Scope 1, Scope 2, and Scope 3 emissions. In 2023, the company reported total emissions of approximately 93.4 billion kg CO2e, with Scope 1 emissions around 25.4 million kg CO2e and Scope 2 market-based emissions at approximately 66.8 million kg CO2e. For 2022, total emissions were around 92.3 billion kg CO2e, with Scope 1 emissions at approximately 45.4 million kg CO2e and Scope 2 market-based emissions at about 120.7 million kg CO2e. In 2021, total emissions were approximately 284 million kg CO2e, including Scope 1 emissions of about 50 million kg CO2e and Scope 2 emissions of around 201 million kg CO2e. Prior to 2021, Scope 3 emissions data was not fully disclosed or calculated.

Bnp Paribas has established several climate commitments. The group aims to reduce GHG emissions in teqCO2/FTE by 20% by 2025 compared to 2019 for both Scope 1 and Scope 2. Additionally, there's a commitment to reduce credit exposure to oil and gas exploration and production activities by 12% between 2020 and 2025. BNP Paribas Cardif committed to reducing the carbon footprint of its investment portfolios by 23% between 2020 and 2024. For operational emissions, the goal is to maintain them below 1.85 tCO2eq/FTE by 2025. Furthermore, Bnp Paribas has targets to reduce the carbon footprint of its in-scope corporate investments (Scope 1 & 2) by 30% by 2025 and 50% by 2030. Arval, a subsidiary, has set targets to reduce its leased fleet's CO2 emissions by 35% compared to 2020 by 2025, with a goal of 700,000 electrified vehicles. The long-term vision includes achieving net zero portfolio emissions by 2050 or sooner, as outlined in Bnp Paribas Asset Management's Net Zero Roadmap. The company is also developing a 2050 net zero plan.