BNP Paribas to partner with Baringa in the development of its climate scenario analysis capability

PRESS RELEASELondon, 16 March 2021 BNP Paribas to partner with Baringa in the development of its climate scenario analysis capability, leveraging Baringa’s Climate Change Scenario ModelTM BNP Paribas is already committed to being a leader in climate strategy, as the Financial Services industry responds to and recognises its role in climate change and climate riskBNP Paribas has reached its carbon neutrality objective in terms of the CO₂ emissions arising from its own operations, increased total funding for renewable energies and invested in innovative start-ups to accelerate efforts in energy transitionBNP Paribas is now turning to developing its climate scenario analysis capability as part of a strengthening of its ESG risk management framework through this 2021 project with BaringaBNP Paribas has chosen Baringa as its partner for this work, recognising their expertise in climate strategy and risk in financial servicesBNP Paribas will also be leveraging Baringa’s award winning Climate Change Scenario ModelTM, which has been adopted by Financial Services institutions globally with over $12 trillion of assets.

Colin Preston - 16 Mar