BNP Paribas Expands Funding Crackdown on High-Carbon Clients
The BNP Paribas headquarters in Paris.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
BNP Paribas SA plans to expand its financing restrictions on high-carbon assets and will add aviation, shipping and commercial real estate to the list of sectors now facing limits.
The bank is “determined to align its credit portfolio with net zero trajectories and to support the economy in its transition to low-carbon,” it said in a statement on Wednesday.