2022 Full Year Results
A new acceleration in financing the energy transition¹
BNP Paribas has already made a major pivot towards
financing low-carbon energy production
Financing of energy production¹:
Low carbon
€28.2bn
Fossil fuels
€23.7bn
Renewable
Biofuel
Nuclear
12.1
24.8
5.3
5.0
-1.3
0.3
-
3.1
Gas extraction/production
Oil refining
Oil extraction/production
Coal
A new phase of rapid acceleration in financing
the production of low-carbon energies and
reducing financing for fossil fuels
Objectives for 2030
€40bn in financing outstandings in the
production of low-carbon energies, primarily
renewables
Less than €1bn in financing outstandings for
oil extraction and production (>+80% decrease
compared to the current level of €5bn)
+30% reduction in financing outstandings for
gas extraction and production
Source: Loans outstanding in billions of euros as at 30 September 2022
Financing outstandings almost 20% higher in production
of low-carbon energies than those for fossil fuel
production as of end-September 2022
•
•
No financing to oil projects since 2016
Coal exit already well underway and will be completed
by 2030 in EU and OECD countries
Objectif 2030: 80% of financing
outstandings in energy production will
be for low-carbon energy
1. See press release of 24 January 2023
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