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Article

2 Jan 2018

Author:
Jean Laurent Bonnafe, CEO, BNP Paribas

BNP Paribas reaffirms human rights commitment at UN Forum 2017

"Jean-Laurent Bonnafé, Director and Chief Executive Officer, BNP Paribas", 29 Nov 2017

...[T]ogether with the UN environmental-programme teams, and with the Indonesian government...[BNP Paribas] set up an innovative platform for green lending. It’s called the “Tropical Landscape Finance Facility”. It’s a world “first” and it has the potential to transform the lives of millions of Indonesians in rural areas most in need of support...

...In 2012 BNP Paribas published its Statement on Human Rights...We identified 4 areas where we must be particularly vigilant regarding human rights:…workplace relations, with particular attention to gender equality…our relationship with suppliers…our relationships with clients…[and] we need to ensure that the companies we finance - or in which we might invest - are not involved in activities violating human rights...[W]e have put in place a risk-management system that takes into account human-rights criteria...

...The most efficient method for us, however, is building awareness among our employees. The better they understand the high stakes governing human rights, the better they can react and do their job...[T]he training of client-facing employees on promoting respect for human rights is one of the indicators included in our CSR reporting...

...In December 2016 we decided to cease financing...[the tobacco industry] in developing countries...From May [2017]...BNP Paribas Cardif, our insurance company, announced that its general insurance fund would adopt an investment policy that excludes tobacco...[W]e announced that BNP Paribas was ceasing its financing and investment activities related to manufacturers of tobacco products...

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