For the seventh consecutive year, BNP Paribas, a European leasing powerhouse, has been listed in the “Global 100 Most Sustainable Corporations” ranking drawn up by specialist Canadian magazine Corporate Knights.
Listed for the first time in 2015, this year BNP Paribas is ranked 46th among the world’s most sustainable corporations.
These results make BNP Paribas the top French bank and second European bank (out of a total of 935 banks and financial service providers assessed at a global level).
The Corporate Knights ranking acknowledges the active role played by BNP Paribas in developing positive impact in financial products and services, the most heavily weighted criterion in the global 100 methodologies for the financial sector.
The Group also stands out among its peers for social aspects, from the significant proportion of women in its Board of Directors (6 out of 14, i.e. 43 per cent) to its health and safety policy.
Finally, the inclusion of extra-financial performance criteria in the variable compensation awarded to BNP Paribas top management has also earned the Group a leadership position among its peers.
Laurence Pessez, head of corporate social responsibility at BNP Paribas, said: “The continued position of BNP Paribas among the 100 most sustainable corporations in the world for the seventh consecutive year is a source of pride for the Group.
“It also comes as a recognition of the high level of commitment shown by BNP Paribas in incorporating environmental, social and governance dimensions into its activities and, more specifically, its position as a leader in responsible finance.”
Toronto-based Corporate Knights is a “magazine for clean capitalism”, as well as an independent investment research and consultancy firm.
The “Global 100 Most Sustainable Corporations” ranking rewards the 100 companies worldwide that have shown the greatest commitment to sustainable development and which successfully reconcile social responsibility and financial performance.
To compile its 2021 ranking, the specialist magazine Corporate Knights analysed 8,080 listed companies that achieved gross income of over $1bn in the 2019 fiscal year.
Those companies were analysed in relation to other players in their sectors, across a total of 24 performance indicators.