2022 Full Year Results slide image

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 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 21
View entire presentation