#1BNP PARIBAS GREEN BOND June 2021 BNP PARIBAS The bank for a changing world#2Disclaimer This document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at (i) persons in the United Kingdom who have professional experience in matters relating to investments who fall within the definition of "investment professionals" within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or are high net worth entities falling within Article 49(2)(a) to (d) of the Order, or (ii) are qualified investors (investisseurs qualifiés) as defined in Article 2(e) of Regulation (EU) 2017/1129 of the European Parliament and of the council of 14 June 2017 (the "Qualified Investors") and (iii) persons to whom the distribution may otherwise lawfully be made (all such persons together being referred to as "Relevant Persons"). In France, the offer of the securities referred to herein will be made through a placement to Qualified Investors only pursuant to Article L. 411-2, 1° of the French Code monétaire et financier. The offer will not be made to retail investors. The following presentation or its distribution may under no circumstance constitute an offer within the meaning of article 1114 of the French Code Civil. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. This document must not be acted or relied on by any persons who are not Relevant Persons. This document and the investment activity to which it relates is only being distributed to, and is only directed at (i) persons in the United Kingdom who have professional experience in matters relating to investments who fall within the definition of "investment professionals" within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or are high net worth entities falling within Article 49(2)(a) to (d) of the Order, or (ii) are qualified investors (investisseurs qualifiés) as defined in Article 2(e) of Regulation (EU) 2017/1129 of the European Parliament and of the council of 14 June 2017 (the "Qualified Investors") and (iii) persons to whom the distribution may otherwise lawfully be made (all such persons together being referred to as "Relevant Persons"). In France, the offer of the securities referred to herein will be made through a placement to Qualified Investors only pursuant to Article L. 411-2, 1° of the French Code monétaire et financier. The offer will not be made to retail investors. The following presentation or its distribution may under no circumstance constitute an offer within the meaning of article 1114 of the French Code Civil. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. This document must not be acted or relied on by any persons who are not Relevant Persons. This presentation must be read in conjunction with the Base Prospectus dated July 3, 2020 as so supplemented (the "EMTN Base Prospectus"). Full information on BNP Paribas and the offer of the Notes is available in the EMTN Base Prospectus and on https://invest.bnpparibas.com/ BNP PARIBAS The bank for a changing world 2#3BNP PARIBAS GREEN BOND • Latest Updates on BNP Paribas CSR Strategy BNP Paribas Green Bond Framework Overview of the Single Pool of Assets as of 2020 3#4BNP Paribas' CSR strategy is more and more recognised by extra- financial rating agencies A high and increasing positioning within extra-financial 100 90 80 81 70 70 73 60 60 50 54 BBB 55 indices 40 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 A- • CDP DRIVING SUSTAINABLE ECONOMIES AA MSCI 81 71 289 68 SAM * Now a Part of S&P Global ■vige eiris vigeoiris ecoVadis SEPPE SUSTAINABILITY RATINGS Methodological change: from 2017 onwards, the Carbon Disclosure Project scores are expressed as letters For the 7th consecutive year, the Group is ranked among the "100 most sustainable companies in the world" by the Canadian magazine Corporate Knights The Magazine for Clean Capitalism Corporate Knights In 2020, BNP Paribas is the European leader in climate risk management according to ShareAction (UK NGO promoting responsible investment) ShareAction>> the movement for responsible investment. BNP Paribas is certified Top Employer Europe in 7 countries for the 8th consecutive year top EMPLOYER EUROPE 2019 CERTIFIED EXCELLENCE IN EMPLOYEE CONDITIONS BNP PARIBAS The bank for a changing world 4#5BNP Paribas commitment is made concrete through strong and tangible achievements in 2020 SUSTAINABLE DEVELOPMENT GOALS M M P EUR 188 billion at end-2020 in support to the achievement of the 17 UN SDGs EUR 92 billion in Sustainable+ funds at the end-2020 at BNP Paribas Asset Management, which is the leading provider of Socially Responsible Investment funds in France Achievement of gender balance targets set at the end of 2018 for market activities (+ 40% of women in senior management positions; at least 40% of women amongst the young graduates recruited) "We Engage" training programme dedicated to sustainable finance and current environmental and social issues for all employees ➤ Corporate philanthropy at an exceptional level: EUR 104.1 million, of which EUR 60 million is dedicated to hospitals and associations (youth, help for the poorest) 1.9 million Nickel accounts opened at end-2020 ➤ Implementation of the total thermal coal value chain exit announced in 2019 (EU and OECD countries by 2030 and by 2040 in the rest of the world) ➤ Use of the PACTA methodology for aligning the credit portfolio with the targets of the Paris Agreement on 2 sectors of activity EUR 10.8 billion of green bonds as joint bookrunner for our customers as of end- 2020 BNP PARIBAS The bank for a changing world 5#645% 40% 35% 30% 25% The bank is one of the first signatories of the Net-Zero Banking Alliance, which aims to finance a "net zero" economy by 2050 Trajectory of the total exit of the thermal coal value chain in line with the objectives set Share of coal in the electricity mix financed IEA SDS scenario BNP Paribas trajectory 20% 15% 10% At the end of 2020, the residual share of coal in the primary energy mix was only 1.5% 5% 0% 2010 12 14 16 18 2020 22 24 26 28 2030 32 34 36 38 2040 42 44 46 48 2050 0%* in 2030 0%* in 2040 <18% in 2019 14% in 2020 (UE & OECD) (rest of the world) Exposure to oil and gas production and exploration 10% reduction of the Group's exposure to oil and gas exploration and production by 2025 100% 95% The Group has already reduced its exposure on unconventional oil and gas companies from 90% 85% -10% EUR 4 billion at the end of 2016 to EUR 0 billion at the end of 2020 in 2025 80% 75% 2020 2025 2030 IEA SDS scenario BNP Paribas decision 2035 • Very strong dynamics on renewable energy: target 2021 almost reached 1 year in advance (€18bn) BNP PARIBAS The bank for a changing world 6 2040#7BNP Paribas contributes to the protection of biodiversity BNP Paribas has published a public position on biodiversity including criteria on deforestation aiming at assessing soy and beef producers and traders: Strategy aiming at zero deforestation by 2025 Full traceability of channels by 2025 and exclusion of suppliers not in line with the target No beef or soya on processed areas: Amazon after 2008, Cerrado after early 2020 BNP Paribas strengthens its commitments to preserving biodiversity in the context of the act4nature initiative, including: . • Evaluation of all its corporate customers on criteria linked to biodiversity by 2025 • €3 billion target for funding related to the protection of terrestrial biodiversity and €1 billion target for funding related to the ecological transition of ships by 2025 . €250 million invested in start-ups mobilised for the ecological transition and €55 million dedicated to protecting and restoring natural capital BNP Paribas co-chairs the informal working group set up to pre-figure the work of the Taskforce on Nature-related Financial Disclosure (TNFD) BNP PARIBAS The bank for a changing world 7#8The Group took action for solidarity and financial inclusion in 2020 EUROMONEY AWARDS FOR EXCELLENCE 2020 "World's Best Bank for Financial Inclusion" at the Euromoney Awards for Excellence 2020 Rescue & Recover Fund EUR 2.2 billion in financing and investment for social enterprises and microfinance institutions clients at the end of 2020 Number 1 worldwide in 2020 with €10.8 billion of social bonds as joint bookrunner for our clients at end-2020 (according to Dealogic) EUR 60 million of emergency donations to answer the sanitary crisis Support for hospitals and medical research. Relief for the poorest (Microfinance, Red Cross, Food Banks, Adie, etc.) Support for young people in the digital divide In collaboration with the associations of L'Ascenseur in France, BNP Paribas dedicated €20m for loans without collateral to post-graduate scholarship students The Rescue & Recover Fund is expanding its intervention capacity by becoming a partner of the NGO IFAW, an environmental emergency specialist BNP PARIBAS The bank for a changing world 8#9BNP PARIBAS GREEN BOND • Latest Updates on BNP Paribas CSR Strategy • BNP Paribas Green Bond Framework Overview of the Single Pool of Assets as of 2020 9#10BNP Paribas: A regular Issuer of Green Bonds BNP Paribas is a repeat issuer in the green bond space with already a good track record of issuing successful transactions with a robust and transparent asset selection process BNP Paribas has also been at the forefront of the innovation in the sector, issuing one of the first green TLAC eligible debt instrument in Europe A single common pool of Eligible Green Assets being used, with the proceeds so far utilized to refinance existing loans or other form of financing within the Renewable Energy, Clean Transportation, Energy Efficiency, Green Buildings and Water sectors - BNP Paribas continues to offer investors further insight into its sustainability strategy in line with its commitments INAUGURAL GREEN BOND ISSUANCE Inaugural issuance in Senior Preferred format Rating: A1/A/A+/AA(Low) by Moody's/S&P / Fitch / DBRS Maturity of long 5-year BNP PARIBAS EUR 500,000,000 SECOND GREEN BOND ISSUANCE Issuance in Senior Non- 0.500% due 2022 Preferred format Rating: Baa1/A-/ A+/A(High) by M/S&P/Fitch/DBRS Maturity of 6yr BNP PARIBAS EUR 500,000,000 1.000% due 2024 Pricing at €MS+40bps Coupon: 0.500% SPO by oekom " Pricing at €MS+55bps Coupon: 1.000% THIRD GREEN BOND ISSUANCE Second Issuance in Senior Non-Preferred format Rating: Baa1/A-/ A+/A(High) by M/S&P/Fitch/DBRS Maturity of 5.5-year Pricing at €MS+100bps Coupon: 1.125% BNP PARIBAS EUR 750,000,000 1.125% due 2024 Nov 2016 SPO by oekom Apr 2018 Assurance Report by EY FOURTH GREEN BOND ISSUANCE " Assurance Report by EY SPO by ISS-Oekom Assurance Report by EY Feb 2019 FIFTH GREEN BOND ISSUANCE ☐ Third Issuance in Senior Non-Preferred format Rating: Baa1/A-/ A+/A(High) by M/S&P/Fitch/DBRS Maturity of 6.5-yr NC 5.5year Pricing at €MS+75bps BNP PARIBAS EUR 750,000,000 0.5% due 2026/25 Coupon: 0.500% SPO by ISS-Oekom Nov 2019 ☐ Assurance Report by EY BNP PARIBAS Fourth Issuance in Senior Non-Preferred format Rating: Baa1/A-/ A+/A(High) by M/S&P/Fitch/DBRS Maturity of 7-yr NC 6-yr Pricing at €MS+80bps Coupon: 0.375% SPO by ISS-ESG* Assurance Report by EY BNP PARIBAS EUR 750,000,000 0.375% due 2027/26 Oct 2020 *Framework and Eligible Assets The bank for a changing world 10#11External Review Process - Updated in September 2020 BNP PARIBAS SELECTION OF ASSETS 2. Identification of the Eligible Green Aseta The Rigible Green Accettare courced from the various Eligible Sectors and will be calacted following the application of the Eligiblity Cnteria. This is a two-step process which encompasses internal screening selection and external review by third parties. Any existing, on-going and/or future loans or any other form of financing could be considered for the Eligible Green Assets. BNP PARIBAS INTRODUCTION BNP Parides recognises that the word is at a tipping point on sustainability. copal warmin as well as resource scarcity are likely to challenge current economic models in the coming decades. must level daval зесто "In t low- BNP and in for el DNP susta with BNP PARIBAS BNP PARIBAS GREEN BOND FRAMEWORK green September 2020 By se the in practi Pleat Pless 000. 10001 rating 329 Annual External Review Second Party Opinion on Green Bond Framework BNP Paribas has appointed an independent second party opinion provider to assess the sustainability of its Green Bond Framework and in particular the dual selection criteria (second party opinion provider and BNP Paribas), to provide a Second Party Opinion on its Green Bond Framework and to confirm its alignment with the ICMA Green Bond Principles. The Green Bond Framework and Second Party Opinion are available on BNP Paribas' Investors' website: https://invest.bnpparibas.com/en/green-bond-issues. This Second Party Opinion on the Green Bond Framework will be published as and when BNP Paribas Framework is updated. For the avoidance of doubt, Green Asset Categories not reviewed by an independent second party opinion provider, either in whole or in part, would require an updated version of the Second Party Opinion on the Green Bond Framework before their insertion in BNP Paribas' single common pool of Eligible Green Assets. Second Party Opinion on Eligible Green Assets On an annual basis, an independent second party opinion provider will provide a verification of the compliance of all the new Eligible Green assets added within the course of the year. Independent Assurance Review The external independent auditors will provide, on an annual basis, assurance on the allocation of the net proceeds of the Securities to Eligible Green Assets, the conformity of the Eligible Green Assets with the Eligibility Criteria, the relevant impact indicators. These reports will be available on BNP Paribas' Investors' website: https://invest.bnpparibas.com/en/green-bond-issues BNP Paribas has appointed ISS-ESG as Second Party Opinion provider for its SPO on the Green Bond Framework and Eligible Green Assets BNP PARIBAS The bank for a changing world 11#12SPO on Green Bond Framework - Dated September 2020 ISS ESG SCOPE Part 1: Performance against GBPs² Overall Evaluation of the Green Bond Framework Part2: BNP Paribas commissioned ISS ESG to assess the alignment of its Green Bond Framework with the International Capital Market Association's (ICMA) Green Bond Principles (GBPs) and to assess the issuer sustainability performance, based on the ISS ESG Corporate Rating. Issuer sustainability performance SUMMARY EVALUATION Positive The issuer has defined a formal concept for its Green Bond Framework regarding use of proceeds, processes for project evaluation and selection, management of proceeds and reporting. This concept is in line with the ICMA GBPS. The issuer shows a good sustainability performance and has been given a rating of C+, which classifies it as 'Prime' by the methodology of the ISS ESG Corporate Rating. It is rated 2nd out of 285 companies within the Financials/Commercial Banks & Capital Markets sector as of 09 June 2020. This equates to a high relative performance, with a Decile Rank³ of 1. Status: Prime Rating: C+ Decile Rank: 1 1. USE OF PROCEEDS 2. PROCESS FOR PROJECT EVALUATION AND SELECTION 3. MANAGEMENT OF PROCEEDS 4. REPORTING Opinion: ISS ESG considers the Use of Proceeds description provided by BNP Paribas's Green Bond Framework aligned with the Green Bond Principles (GBPS). BNP Paribas has established the list of eligible use of proceeds categories which are align with the examples of Green Projects categories stated by the GBPS and that will be assessed against ISS ESG KPI's (see Annex 210) post-issuance. Additionally, BNP Paribas explicitly excludes harmful project categories, reflecting best market practices. Opinion: ISS ESG considers the Process for Project Evaluation and Selection provided by BNP Paribas's Green Bond Framework as aligned with the GBPs and with market best practices. The eligibility criteria are precisely defined and transparently displayed in the framework and covers both environmental and social risks related to the Use of Proceeds categories in an appropriate manner. BNP Paribas has established a clear internal screening process with sustainability criteria tackling Social, Environmental, Health and Safety and Supply Chain indicators reflecting best market practice. Opinion: ISS ESG finds that Management of Proceeds proposed by BNP Paribas's Green Bond Framework is aligned with the GBPS and best market practices. The stakeholders involved in the management of proceeds are clearly identified and relevant as well as the responsibilities that they share in this process. An appropriate tracking of proceeds is in place and the intended types of temporary investment instruments for unallocated proceeds are described. Opinion: ISS ESG finds that the allocation and impact reporting proposed by BNP Paribas's Green Bond Framework aligned with the GBPs. The level, duration, frequency and scope of reporting are clearly defined and in line with industry best practices. The portfolio will be reviewed on an annual basis by ISS ESG. Rank relative to industry group. 1 indicates a high relative ESG performance, while 10 indicates a low relative ESG performance. 10 All BNP Paribas's Eligible Categories are covered by ISS ESG KPIs except for green shipping which will be developed at a later stage. BNP PARIBAS The bank for a changing world 12#13SCOPE OF THE SINGLE COMMON POOL OF ELIGIBLE GREEN ASSETS Recap of BNP Paribas Use of Proceeds INDUSTRY AFFORDABLE AND INDUSTRY INDON ANDRASTRUCTURE CLEAN ENERGY AND INFRASTR BEWARER 11 RESPONSIBLE CONSUMPTION АМО РРОЗОСТОМ RENEWABLE ENERGY Offshore and Onshore Wind Concentrated Solar Power Solar Photovoltaic Hydropower projects upon conditions Bioenergy and geothermal projects Equipment manufacturer for Renewable Energy ENERGY EFFICIENCY GREEN BUILDINGS Improved infrastructure Smart grid investments Manufacturing facilities for Energy Storage System(ESS) Green buildings with environmental certifications Retrofit for commercial and public buildings TRANSPORTATION ☐ Energy efficient public transport ☐ Development, operation/ upgrade of rail transports Transportation infrastructure Non-diesel rolling stock Electric cars ☐ Green shipping * WATER MANAGEMENT AND WATER TREATMENT Development, operation and upgrade of water treatment plant Water use minimization Leakage prevention Other water related projects including irrigation and wastewater POLLUTION PREVENTION AND CONTROL Development, operation and upgrade of recycling and waste-to-energy power plants Recycling activities for metals, plastic and paper BNP PARIBAS The bank for a changing world Scrubbers are explicitly excluded as well as ships transporting coal 13#14BNP PARIBAS GREEN BOND • Latest Updates on BNP Paribas CSR Strategy BNP Paribas Green Bond Framework Update • Overview of the Single Pool of Assets as of 2020 14#15Overview of the Green Asset Pool as of Dec-20 The use of proceeds of BNP Paribas are aligned with the Green Bond Principles defined by ICMA. Green Assets contributing to BNP Paribas Green Bond issuances amount to c. €6.73 bn (total drawn amount), backing up €3.62 bn Green Bond issuances, as of end of December 2020. 100% of the proceeds are used for the financing of existing Renewable Energy, Clean Transportation, Green Buildings, Water Management and Energy Efficiency projects. 26% of these projects are still under construction. TOTAL VOLUME (MN €) (Volume of Projects in operation) 4,175 AMERICAS 5% EMEA 85% APAC 10% Renewable Energy 2020 IMPACT INDICATORS 4,549 TCO2 Emissions Avoided per MN € Invested Transportation 193 (179) 1,095 TCO2 Emissions Avoided per MN € Invested * 49 TCO2 Emissions Avoided per MN € Invested Private Energy Efficiency Projects Water Management, Recycling, Waste to Energy, Transmission Lines, Recycling, Battery Energy Storage Systems, Energy Efficiency 1,005 (781) 0.6 TCO2 Footprint per MN € Invested 6 1,357 (1024) TCO2 Footprint per MN € Green Buildings Invested * VOLUME 6,730 BNP PARIBAS The bank for a changing world MN € Invested IMPACT KTCO2 Emissions Avoided 5,693 per MN € Invested 6.6 TCO₂ Footprint per MN € Invested * * Considering projects in operation only 15#16Overview of the Green Asset Pool as of Dec-20 3% Green Assets* by Technology *Based on drawn amounts as of 12/2020 20% Green Buildings: Floor Space by Certification ■ Renewable Energy 22% ■ Others *** ■ Transportation 62% 15% Onshore wind 25% CSP 5% PV 36% BNP PARIBAS ■ Green Buildings Others include: Water Management, Recycling, Waste to Energy, Transmission Lines, Recycling, Battery Energy Storage Systems, Energy Efficiency Offshore wind 34% 3% 6% 19% 5% 7% ■ BREEAM Very Good 26% ■GOLD BEAM Plus ■LEED Platinum ■BREEAM Outstanding LEED Gold ■BREEAM Excellent ■ EDGE Certificate ** 12% ■ BCA Green Mark Platinium **Based on estimated surface Green Buildings* by Region *Based on drawn amounts as of 12/2020 The bank for a changing world 8% 92% - EMEA ■ APAC 16#17Post-Issuance Verification of Green Asset Pool as of Dec 2020 ISS ESG‣ ISS ESG ASSESSMENT SUMMARY EY SPO SECTION SUMMARY EVALUATION Sustainability quality of the green bond portfolio The portfolio is aligned with the ESG selection criteria described by the Issuer's Framework. The overall sustainability quality of the green bond portfolio in terms of sustainability benefits, risk avoidance and minimisation is good based upon the ISS ESG assessment. The green bond is (re-)financing eligible asset categories including renewable energy, green buildings, pollution prevention and control, energy efficiency and clean transportation. Those use of proceeds categories have a significant contribution to SDGs 7 "Affordable and clean energy", 11 "Sustainable cities and communities", 12 "Responsible consumption and production" and 13 "Climate action". The environmental and social risks associated with those use of proceeds categories have been well managed. Positive Annex 1: Green bond link to issuer's sustainability strategy Annex 2: Alignment with GBPs According to the ISS ESG Corporate Rating published on 12.03.2021, the issuer shows a high sustainability performance against the industry peer group on key ESG issues faced by the financials/commercial banks and capital markets sector. The issuer is rated 1st out of 285 companies within its sector. The Use of Proceeds financed through this bond are consistent with the issuer's sustainability strategy and material ESG topics for the issuer's industry. The rationale for issuing green bonds is clearly described by the issuer. The issuer has defined a formal concept for its Green Bond Framework regarding use of proceeds, processes for project evaluation and selection, management of proceeds and reporting. This concept is in line with the ICMA GBPS. The full assessment can be found on BNP Paribas's website. Consistent with issuer's sustainability strategy Positive "Report of the independent verifier on BNP Paribas' 2020 Green Bond Reporting on the compliance of the green assets selected for the Green Bonds with BNP Paribas' Green Bond Framework, on the impact reporting provided to investors and on the management of the net proceeds" " "...we hereby present our report on BNP Paribas' 2020 Green Bond Reporting (available on BNP Paribas' website) on (i) the compliance of the green assets selected for the Green Bonds issued in November 2016, April 2018, February 2019, November 2019 and October 2020 with BNP Paribas' Green Bond Framework (as of September 2020 and available on BNP Paribas' website), (ii) the impact reporting of the green assets for the year 2019, and (iii) the management of the net proceeds (as of December 31, 2020)." "In our opinion, the green assets selected for the 2016, 2018, 2019 and 2020 Green Bonds issued by BNP Paribas and the impact indicators mentioned in the annual use of proceeds reporting, comply, in all material aspects, with BNP Paribas's Green Bond Framework." BNP PARIBAS The bank for a changing world 17#18Conclusion Framework aligned with UN SDGs based on ICMA "A High-Level Mapping to the Sustainable Development Goals" and reviewed by ISS-ESG Robust and transparent selection of assets Enhanced robust approach with Second Party Opinions on the Framework and on Eligible Green Assets In line with BNP Paribas' ambitions in sustainability Regular and recognised issuer in the EUR Green Bond market diversifying in other funding markets BNP PARIBAS The bank for a changing world 18