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22/07/2019 -

BNP Paribas named World’s Best Bank for Corporate Responsibility 2019

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BNP Paribas wins top honours for global CSR, as well as for financing and transaction banking in Western Europe, in Euromoney’s Awards for Excellence 2019.

BNP Paribas’ efforts to place responsible banking front and centre of its long-term strategy has won recognition as the bank is named “World’s Best Bank for Corporate Responsibility” in this year’s Euromoney Awards for Excellence 2019.

Sustainable finance and social engagement are but two areas where BNP Paribas has continued to push the boundaries, as business sectors around the world continue their march towards more sustainable and responsible business models. In addition, the bank’s financing and banking teams won recognition in Western Europe.

Overall, BNP Paribas won top honours in four categories: World’s Best Bank for Corporate Responsibility, Best Bank for Financing, Western Europe Best Bank for Transaction Services, Western Europe Best Bank in Luxembourg.

Following on from being named “World’s Best Bank for Sustainable Finance” by Euromoney in 2018, BNP Paribas has again underlined its commitment to achieving the UN Sustainable Development Goals (SDGs) through aligning its financing, investment and policies to address key social and environmental challenges.

Helen Avery, Euromoney CSR editor, commended BNP Paribas for its approach.

“While some banks lean towards solving social or environmental challenges, BNP Paribas sees the two as inextricably linked,” she explained.

In Euromoney’s regional awards, recognition for the bank’s capital markets and cash management know-how in Western Europe, particularly in its embrace of digital technologies to support clients, saw BNP Paribas winning the top prize in the financing and transaction services arena. The capital markets platform was praised for its leading role in the investment-grade debt and loan space across a range of corporate sectors, with the bank having brought origination, structuring and distribution closer together in the past 12 months.

Finally BGL BNP Paribas, the bank’s Luxembourg entity, was recognised for its active contribution to the financial sector. With 41 branches across the country serving retail, wealth management and corporate and institutional clients, the award – won for the fourth consecutive year – is testimony to the long-term commitment of the bank in the country.