BNP Paribas details and strengthens its energy transition ambitions

BNP Paribas is providing more detail on its plans to withdraw from oil and gas exploration and production activities, following its announcement to strengthen its commitments on January 24^th, 2023.
BNP Paribas will no longer provide any financing dedicated to the development of new oil and gas fields regardless of the financing methods.
Beyond the energy sector, BNP Paribas continues to align its loan portfolio with a net zero emissions trajectory. and is setting new decarbonisation targets for the steel, cement and aluminium sectors, as presented in its 2023 Climate Report.
BNP Paribas confirms that it remains on track with the trajectories announced in 2022 for the power generation, oil and gas, and the automotive sectors.
Since 2022 (including 2023 year-to-date), BNP Paribas has ranked n°1 in global green bonds issuance.