...BNP Paribas is not involved in the projects that are studied in Society for Threatened Peoples’ report. As stated in the reports, since all projects are in a preparatory phase, the projects’ participants are not yet known. As a consequence, BNP Paribas deplores the fact that the financial study looks at potential project financing by supposed stakeholders.

Assessing BNP Paribas exposure based on numerous and remote hypothesis does not constitute a robust argumenta...

BNP Paribas recognizes deforestation is one of the world’s most striking issue and especially that the Amazon Rainforest is a very sensitive area in terms of biodiversity, climate and indigenous communities. The Group will continue to act where it has influence...

BNP Paribas regularly strengthens its policies linked to forest-risk commodities with the aim to fight against deforestation through its financing and investment activities...

...[O]ur Agriculture sector policy was revised in April 2021 with regard to the specific issue of deforestation linked to soy and beef in the Brazilian Amazon and Cerrado regions. Through this recent reinforcement, BNP Paribas is the first and only international bank to have adopted such stringent and timed requirements for soy and beef in these regions in terms of no deforestation and traceability...

This policy has already led to concrete positive impacts, as some top tier actors with whom BNP Paribas has set up a dialogue already have brought forward their zero-deforestation target from 2030 to 2025.

In the event of suspected or serious abuses, the Group conducts in-depth due diligences and discusses the matter with the company concerned. Companies may be placed under monitoring or exclusion list depending on such due diligences and corporate engagement outcomes, leading to possible financing and investment restrictions or exclusion...