BNP Paribas' ESG rethink to focus on profitable sustainable finance

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BNP Paribas' ESG rethink to focus on profitable sustainable finance

//business-finance.news-articles.net/content/202 .. -to-focus-on-profitable-sustainable-finance.html

Published in Business and Finance on Friday, January 24th 2025 at 13:20 GMT by

Reuters

BNP Paribas, Europe's second-largest bank, has announced a strategic shift towards focusing on profitable sustainable finance, aiming to increase its sustainable revenues to 1.5 billion euros by 2025. This move comes as part of a broader reevaluation of its environmental, social, and governance (ESG) commitments. The bank plans to prioritize sectors like renewable energy, sustainable mobility, and energy efficiency, while also addressing the profitability of its ESG initiatives. This strategy includes a more selective approach to financing, focusing on projects that not only align with sustainability goals but also promise financial returns. Additionally, BNP Paribas is adapting to regulatory changes and market demands for transparency and accountability in sustainable finance, ensuring that its ESG efforts contribute positively to both environmental impact and shareholder value.

Read the Full Reuters Article at:
[ https://www.reuters.com/sustainability/sustainable-finance-reporting/bnp-paribas-esg-rethink-focus-profitable-sustainable-finance-2025-01-24/ ]

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