BNP Paribas publishes two new CSR policies on woodpulp and coal fired power generation
Within the framework of its commitment to sustainable development, BNP Paribas continues to establish formal guidelines for business activities in sensitive sectors in terms of their social and environmental impact.
In 2010 and 2011 the Group published sector policies covering the defence, palm oil and nuclear power sectors. BNP Paribas has now published two new policy statements on paper pulp and fossil-fired power plants:
*Production of paper pulp (2,447 Mo), like palm oil, is an activity that has a major impact on deforestation, loss of biodiversity, climate change and the destabilization of local communities.
*Energy production from coal (1,763 Mo)has a major impact on greenhouse gas emissions and climate change.
The policy on financing of nuclear power plants (2,129 Mo)has also been expanded to include financing for companies in the nuclear power industry.
These new policies are part of a broad commitment to responsible financing of the economy. They will be joined by other policies covering sectors that involve sensitive environmental and social issues.
For more information on BNP Paribasí sustainable development policy:
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.