• Strategic partnership sees new mobility financing services launch across nine European markets
• Products and services are now live in Germany, Italy, France, Spain, Belgium, Luxemburg, Netherlands, Austria and Portugal
• Partnership is the first phase in Jaguar Land Rover’s vision of redefining the role of financial services for future clients, as part of its Reimagine strategy

Jaguar Land Rover and BNP Paribas have launched a suite of new mobility financing services across nine European markets as part of their strategic partnership.

The collaboration is the first phase of a transformational plan to reimagine the role of financial services for clients of its Range Rover, Defender, Discovery and Jaguar brands.

Since partnering in February 2022, Jaguar Land Rover and BNP Paribas have been collaborating to innovate and develop a truly integrated offering that covers all aspects of mobility financing needs. This approach will deliver seamless end-to-end connectivity and facilitates personalised modern luxury experiences from website to showroom.

Jaguar Land Rover retail partner networks and clients now have access to a comprehensive suite of competitive retail financing solutions, insurance and services, as well as wholesale financing.

The retail range includes products such as traditional loans, lease-to-purchase, long-term lease, ‘buy now, pay later’, insurance and services products. BNP Paribas leverages on all its business involved in mobility products and services with support from its Corporate and Institutional Banking department:  BNP Paribas Personal Finance supports the provision of wholesale financing, retail loans and financial leases, Arval delivers lease and fleet management, Floa provides ‘buy now, pay later’ services, and BNP Paribas Cardif offers insurance products and services.

• LinkedIn

_{Contact us │ Imprint │ Data Protection │ Cookies Policy │ Cookie Preferences │ BNP Paribas holds the rights to use all pictures on this website. For information concerning the author of a picture, please contact groupcommunication.germany@bnpparibas.com.}

GEA, the world’s largest supplier of systems and components for the food, beverage and pharmaceutical industries, was the first company in Germany to combine a share buyback with a sustainability initiative. The second tranche of the buyback program, which GEA implemented with BNP Paribas, was linked to an ESG component.

_{Contact us │ Imprint │ Data Protection │ Cookies Policy │ Cookie Preferences │ BNP Paribas holds the rights to use all pictures on this website. For information concerning the author of a picture, please contact groupcommunication.germany@bnpparibas.com.}

• Clear favorite: Battery-powered electric vehicles ahead of plug-in hybrids
• Amazing growth potential for connected car services
• Own car more important again for younger people

On behalf of BNP Paribas Cardif in Germany, the Center of Automotive Management (CAM) analysed central aspects of the current disruption in the mobility industry as part of its study “The future of mobility – future trends in the field of electromobility, connected car and mobility services” (November 2022). The innovation developments in electromobility, connected car and mobility services are analysed and a 2030 scenario for these areas is drawn. Surprising are the growth dimensions in certain areas and the unexpected preferences among younger respondents. The study follows up on the 2018 study “Financing and protection of new mobility concepts”.

Electromobility – New registrations of battery-powered electric vehicles (BEV) exceed registrations of plug-in hybrid models (PHEV)

Overall, the number of new registrations of electric vehicles has accelerated quickly. Between 2020 and 2021, the electric car stock in Germany has more than doubled from almost 600.000 cars to 1.27 million cars. This corresponds to a share of around 2.6 percent of the total passenger car population. It is interesting to note that the volume of new PHEV registrations has reversed in favor of BEVs since August 2021. Also in 2022, more BEVs than PHEVs are newly registered each month.

Scenario 2030: According to a scenario assumed in the study, there will be over 11 million battery-powered electric vehicles (BEVs) on German roads in 2030. This corresponds to a quarter of the total number of passenger cars. New registrations of plug-in hybrid cars (PHEVs) will total just under 4.8 million in 2030, accounting for a market share of around 10 percent.

In addition, according to the 2030 scenario: Electric vehicles will become cheaper compared to combustion models. Relative vehicle’s costs will decrease significantly mainly due to lower battery costs.

“Many consumers are still sceptical about new mobility. It is important to create customer experience around the new fields of the future which increase acceptance. Especially the young generation is approachable for this because they are already much more open to new technologies and networked mobility.”

Prof. Dr. Stefan Bratzel, Director Center of Automotive Management (CAM)

Connected Car – software beats hardware

When it comes to the innovation potential and –activity of the 28 global automotive manufacturers analyzed (including Volkswagen AG, BMW Group, Mercedes Benz Group, Toyota, Tesla, Honda, Stellantis, Ford), the Connected Car segment is of high significance. Specifically, the 28 global automotive manufacturers generated nearly 3000 innovations across the three subsectors „User Interface“(+ 67 percent), „Autonomic driving“ (+ 6 percent) und „Connectivity“ (+ 18 percent) from 2016-2021. These quantitative innovation trends of the automotive manufacturers reflect the disruptive shifts in the future fields.

The future question will be: how do you keep it with the previously highly valued hardware? The study shows a qualitative shift from a hardware orientation, and thus the focus of customers on fixed equipment features, to an increasingly strong software and service orientation. Connected services also offer considerable sales potential.

Scenario 2030: this results in a recurring sales volume of approximately 900 to 1000 euro per year and car. The global Connected Services market volume is estimated at over 200 billion euros in total. The digital ecosystem of connected service providers will play an increasingly important role – with diverse opportunities also for providers of financing and hedging products in the area of mobility.

Surprise in mobility behavior: younger people rediscover own car

The results of the analysis in the area of mobility services and mobility behavior are surprising. The importance of private cars is only slightly declining in Germany. Based on their current mobility situation, a private car is important to 69 percent of respondents, including 42 percent who say that they rely on their own car. It is striking that significantly more young city dwellers aged 18 to 34 say that they are dependent on their own car than four years ago. Currently, 26 percent of respondents in this age group say this (compared with 17 percent in 2018). Overall, 57 percent of young urban respondents consider their private car to be “very important” or “important”. This also represents a significant increase compared with 2018 (45 percent).

With regard to free-floating car sharing (vehicles that can be booked freely in the urban area), a fatigue in usage is emerging. Willingness to use car sharing declined between 2018 and 2022. In 2022, only 26 percent of respondents can imagine using free-floating car sharing (in comparison 2018: 34 percent).

BNP Paribas Cardif sees the study results as a confirmation of its own course of expanding its own “Keep on Moving” product family together with existing and new partnerships. This protects the mobility of a mobile generation by ensuring that they do not have to worry about mobility costs in the event of temporary incapacity to work or involuntary unemployment.

Methodology

Methodologically, this study is based on evaluations of innovation trends of 28 global manufacturers from the CAM AutomotiveINNOVATIONS Database. In addition, meta-analyses of current CAM studies were carried out and a quantitative survey was conducted in cooperation with YouGov to obtain consumers’ assessments of mobility. The current study follows on from the joint study conducted in 2018: “Financing and Securing New Mobility Concepts”. The focus is on trends in mobility behavior in Germany.

_{Contact us │ Imprint │ Data Protection │ Cookies Policy │ Cookie Preferences │ BNP Paribas holds the rights to use all pictures on this website. For information concerning the author of a picture, please contact groupcommunication.germany@bnpparibas.com.}

• BNP Paribas has issued its inaugural €50 million Social Bond, tracking the MSCI Eurozone Social Select 30 index.
• This structuring will enable investors to engage on social impact and supports social causes through a donation mechanism embedded into the transaction structure.
• The transaction was structured by the Global Markets business of BNP Paribas CIB and invested in by the insurer BNP Paribas Cardif.

To extend its sustainable offer and meet investors demand for social investment, BNP Paribas CIB has developed an integrated offer composed of three distinctive features: a social bond, a social index and social sharing through donations:

Social Bond: BNP Paribas developed a Social Bond Framework where proceeds of Social Bonds issued by BNP Paribas are used to finance or refinance assets and projects that deliver positive social impact. This includes access to employment, equal opportunities, access to housing, access to education, access to healthcare.

The Framework’s verification process is reviewed by two independent third parties: an ESG rating agency providing a Second Party Opinion on the Framework’s social credentials and an external auditor verifying the eligible social asset pool. The common pool of Eligible Social Assets is defined by the BNP Paribas Social Bond Committee in line with the International Capital Market Association (ICMA) Social Bonds Principles.

Social Index: the Social Bond performance tracks the MSCI Eurozone Social Select 30 index. BNP Paribas CIB’s design of the index provides exposure to companies both mitigating their activities’ negative impact on society, whilst integrating ambitious social goals.

This index, starting from the 80 largest market capitalisations in the Eurozone, selects the 30 companies contributing to at least one of the United Nations’ Sustainable Development Goals (SDGs) focused on social issues (Goals 1, 2, 3, 4, 5, 8, 10 and 16)^[1], while not harming any other social SDG, and ensures that investee companies follow good governance practices.

Social Donations Mechanism: a part of the total amount invested is donated to associations supported by the BNP Paribas Group. These focus on associations acting in various social impact areas such as equal opportunities, social insertion and humanitarian relief.

Partners are selected by BNP Paribas Company Engagement division and have undergone due diligence by BNP Paribas CIB Global Markets. Partners include: Habitat & Humanisme, Sport dans la Ville, Article 1 and Rescue & Recover Fund (RedCross, Doctors without Borders, Care). In this instance the supported associations are Article 1 and Sport dans la Ville.

BNP Paribas has been deploying initiatives to support financial and social inclusion for over 30 years. The Group has notably been involved in offering broader access to banking, savings and funding products, alongside leading in microfinancing globally. The launch of the Social Bonds programme and this latest structured sustainable finance innovation are a continuation of BNP Paribas commitment to support social causes, social businesses, youth, people living in disadvantaged areas, and those excluded from financial services.

Constance Chalchat, Chief Sustainability Officer for Global Markets and Head of Company Engagement, BNP Paribas CIB highlighted: “This latest development in sustainable finance innovation highlights the important role capital markets can play in supporting social inclusion through aligning social investment objectives, a social assessment methodology with the bond and index, and material social causes. These evolutions are essential in BNP Paribas improving the accessibility of financial services, diversity and equality towards a more inclusive economy and society.”

Olivier Héreil, Deputy CEO in charge of asset management, BNP Paribas Cardif declared: “We are proud to support the launch of this social integrated offer. As a responsible investor, it reinforces our commitment to combining financial performance and positive social impact.”

_{Contact us │ Imprint │ Data Protection │ Cookies Policy │ Cookie Preferences │ BNP Paribas holds the rights to use all pictures on this website. For information concerning the author of a picture, please contact groupcommunication.germany@bnpparibas.com.}

The five investment themes for 2023 focus on new income sources, strategies to embrace market volatility, responses to the energy crisis, long-term opportunities going beyond the inflation and rates peak, and the energy transition.

Five investment themes for 2023

Theme 1 – Seizing new income opportunities from TINA to TARA

After years of loose monetary and fiscal policies, bond yields fell to nearly 0% or even below zero and investors had no choice but to invest in equities to find reasonable returns. Those days are now past. The recent dramatic surge in bond yields and the widening of credit spreads have created some new interesting opportunities in the bond segment.

We recommend a cross-asset theme (bonds and equities):

• US government bonds for dollar investors and long-term UK government bonds.
• Investment Grade corporate bonds in the US and in the eurozone.
• Unconstrained bond funds.
• Equities, with a focus on solid companies that deliver growing dividends.
• Income-focused structured products.

Theme 2 – Embracing market volatility

The year 2022 will rank as one of the highest years in decades for volatility in global bond and foreign exchange markets given the uncertainty around interest rates and the question of when inflation would peak. In addition, global equities entered a bear market and are experiencing higher volatility amidst mounting fears about the extent of a potential recession.

This environment is creating enhanced opportunities for investing in: 

• Cross-asset structured solutions.
• Global Macro and trend-following strategies.
• Gold that could shine again as inflation peaks.
• Higher quality companies with raising dividends.

Theme 3 – Investing in a new era

The COVID-19 pandemic, the ensuing economic stimulus and escalating geopolitical tensions have ushered in a new environment of high inflation, largely on the back of a shortage of cheap energy, sharply rising interest rates, and a reversal of globalisation in favour of nearshoring. These shifts are structural in nature and the new economic era require a completely different investing mind-set.

We see investment opportunities in:

• Reuse and recycling of goods and services via investment in circular economy leaders.
• Energy security (energy transportation and storage infrastructure, battery metals, renewable energy generation, hydrogen economy).
• Food security and water efficiency (more effective water irrigation and desalinisation, companies which combat food waste).
• Technology security: cybersecurity, semiconductors, satellites.
• Industrial automation.

Theme 4 – Looking through the inflation and rates peak

Long-term investors should look beyond the peak in inflation and policy rates to the investment opportunities that lower inflation and long-term rates can offer.

This theme focuses on Equities and Fixed Income. Spreads and yields on Investment Grade credit now offer attractive opportunities in:

• Quality stocks with strong cash flow and solid balance sheets which should allow companies to take advantage of easing input costs.
• Luxury brands which can easily raise their prices without lowering their sales volumes.
• Businesses that ramp up Capex both in digitalisation and automation in a bid to adapt to a tighteninglabour market, and in security to mitigate risks from cybercrime.
• Emerging market equities that could benefit from a weaker dollar in 2023.

Theme 5 – Accelerating energy efficiency

In the context of global warming, tensions with Russia and soaring fossil fuel prices, the race to find alternative solutions to curb energy spending and reduce greenhouse gas emissions is needed. 

We prefer equity solutions for this theme (direct lines, funds and trackers) as well as private equity funds investing in energy infrastructure. This theme has several sub-themes, such as insulation, smart control systems for lighting and signalling, renewable energies and technologies that capture or recycle carbon dioxide.

_{Contact us │ Imprint │ Data Protection │ Cookies Policy │ Cookie Preferences │ BNP Paribas holds the rights to use all pictures on this website. For information concerning the author of a picture, please contact groupcommunication.germany@bnpparibas.com.}

After a successful past year, Arval Germany is also determinedly pursuing its previous growth course in 2022. With the Arval Beyond strategic plan as the cornerstone and new partnerships, the company is now continuing its success story and will now reach the next milestone in the company’s history with 100,000 vehicles.

Fleet size reaches six figures for the first time

Arval Germany reaches a fleet size of 100,000 vehicles for the first time in the company’s history, 19 per cent of them with electrified powertrains. The latest milestone is the result of a steady development of the portfolio of offerings and thus a further step within the transformation of the business model towards a sustainable mobility provider. A success that can be attributed to the outstanding quality of Arval Germany’s services, its ability to react quickly and seize new opportunities, the resilience of its business model and the stability of the BNP Paribas Group.

“Only last year, we reached a milestone in the history of Arval Germany with 90,000 vehicles in our inventory. Now, less than twelve months later, we have reached the target of 100,000 vehicles, which fills me with pride. This success is due to the extraordinary performance of the entire team, which is working unwaveringly to drive our growth plan forward.”

Sébastien Valy, General Manager of Arval Germany

New partnerships and comprehensive advice

One key to success is the extensive network of partners, which is constantly being expanded. Partnerships have always been firmly anchored in Arval’s DNA, also in Germany. In order to always be able to offer its customers entrepreneurially sensible and economical solutions, Arval is constantly expanding its services in collaboration with its cooperation partners.

“Of course, we would also like to thank our customers, who lay the foundation for the success story of Arval Deutschland and also our partners, who have also contributed to reaching this milestone in our company history. Cooperations and a well-developed network of partners have been a part of Arval Germany from the very beginning. We are therefore all the more pleased that numerous companies see Arval as a strong alliance partner as an internationally operating company, with BNP Paribas as the parent company in the background.”

SÉBASTIEN VALY, GENERAL MANAGER OF ARVAL GERMANY

In addition to the portfolio of vehicles, Arval Germany is also expanding its advisory services. With the advisory approaches of the SMaRT analysis (Sustainable Mobility and Responsibility Targets) and the REV programme (Road to Electrification Programme), Arval Germany succeeds in providing individual advice along the demands and needs of customers to identify customised offers around the economic use of electric vehicles in the fleet.

Finally, with Arval for Employee, Arval Germany offers its customers new ways to keep their employees mobile. On the one hand, this includes leasing models through which people without a company car entitlement can also obtain a vehicle at special conditions within the framework of gross salary conversion or private leasing. In cooperation with the partner network of Arval Germany, the offer is also supplemented by (e-)bike leasing and an mobility app. Via the Arval Journey app, companies can give their employees access to services such as flexible short and long-term rental, car sharing, e-scooter rental and ridehailing.

Arval Beyond: Cornerstone for transformation

For more than 30 years, Arval has supported its customers with comprehensive expertise and has thus developed into a leading provider of full-service leasing and sustainable mobility solutions. With its ambitious strategic plan Arval Beyond, the company has laid the foundation for the comprehensive transformation of its business model in 2020. In doing so, Arval is pursuing ambitious goals – especially in electromobility: the company wants to put 700,000 leased electrified vehicles on the roads worldwide by 2025.

A strategy that is paying off, as Arval again recorded significant growth in all business segments in 2022. The Retail segment stands out with particularly strong growth.

The journey continues

In the future, Arval Germany will, among other things, push the topic of digitalisation and, in addition to the transformation of its own company, will also focus on the constant further development of the fleet management offering for its customers. This also includes the possibilities in relation to connected cars and networked data, as these are becoming increasingly important for efficient and sustainable fleet management. Last but not least, CSR commitment will continue to play a significant role at Arval Germany. Here, the company is fully aligned with the strategy of its parent company BNP Paribas and is placing its CSR efforts on four pillars: Economy, Employees, Society and Environment.

In this way, despite the successes already achieved, Arval Germany continues to work towards meeting the targets set out in the Arval Beyond strategic plan by 2025.

“It is a great honour for me to be able to lead a company like Arval Deutschland GmbH,” Valy concludes. “In the future, we will continue to focus on achieving the goals defined in Arval Beyond and to grow further as a sustainable mobility provider in an effort to play a central role in the field of electric mobility and sustainable mobility solutions.”

SÉBASTIEN VALY, GENERAL MANAGER OF ARVAL GERMANY

_{Contact us │ Imprint │ Data Protection │ Cookies Policy │ Cookie Preferences │ BNP Paribas holds the rights to use all pictures on this website. For information concerning the author of a picture, please contact groupcommunication.germany@bnpparibas.com.}

The companies Metron, Dalkia, BNP Paribas and Amazon Web Services (AWS) have joined forces to launch the “Decarb Fast Track” programme. The programme has been jointly designed to subsidise easy access for selected corporates to an energy management and optimisation toolbox for industrial facilities, and aims to save up to 100,000 tons of CO2 by equipping 100 industrial companies with an energy management and optimisation solution.

Against the backdrop of climate change and rising energy costs, Metron, Dalkia, BNP Paribas and AWS have decided to collaborate and mobilise their advanced expertise in the “Decarb Fast Track” programme to help industrial companies reduce their energy consumption and collectively reach a reduction target of CO2 emissions.

This program aims to accelerate the decarbonisation of 100 industrial companies through:

• 100 applicant companies will be selected to the “Decarb Fast Track” programme and will receive subsidised access to an innovative energy management and optimization toolbox;
• The implementation of an innovative Metron energy management solution hosted on AWS, at the selected sites, enables the monitoring and analysis in real-time of consumption and emissions;
• A personalised support of selected sites by the Metron, Dalkia and BNP Paribas experts over a 2-year period to identify, implement or finance energy performance projects;
• Common reduction targets to accelerate the energy transition of selected industrials. The objective is to save up to 100,000 tons of CO2. This is up to 10% of energy consumption reduction at the selected sites.

Each partner company is contributing to the “Decarb Fast Track” programme financially to support the subsidy. The partners will also support selected companies by making their respective expertise available to industrial sites under the programme. As of November 2022, 20 industrial companies have already expressed interest to implement the “Decarb Fast Track” programme, and, in total, 100 will be selected by the partner companies in the coming weeks in France, and across Europe.

The “Decarb Fast Track” programme also aims to help accelerate the decarbonisation of the industrial sector and inspire more industrial players to implement energy optimisation strategies, a powerful and accessible lever for the energy transition. The “Decarb Fast Track” programme has been recognised by the French government in the industrial section of its National Energy Sobriety Plan.^[1] The industrial sector represents around 20% of greenhouse gas emissions in France^[2] and the decarbonisation of the industry is a major challenge for both the economy and the environment.

This initiative is intended to be a tangible demonstration of the potential of innovation, designed to help decarbonise the industrial sector. The “Decarb Fast Track” programme also seeks to highlight the driving role that private actors can play in the mobilisation towards ecological transition, through large-scale concrete actions.

Vincent Sciandra, CEO of Metron: “At Metron, for nearly 10 years our activities have been guided by a drive for impact. In the current context of energy crisis and climate emergency, it is urgent to facilitate the deployment of solutions that allow the implementation of energy saving and decarbonisation action plans that are quick and efficient.”

Sylvie Jéhanno, CEO of Dalkia: “This program is an innovative answer to the expectations of industrials to accelerate their energy transition and their decarbonisation through the reduction of their energy consumption. The industrial sector represents an important part of the energy consumptions in France, and artificial intelligence represents an efficient asset that complements our advanced expertise to go even further in the optimisation of consumptions and in energy sufficiency.”

Antoine Sire, Head of Company engagement, BNP Paribas: “Accelerating energy efficiency is a vital aspect of implementing the transition towards net zero. Through the “Decarb Fast Track” programme, we are supporting leading industrial companies to scale up their climate action efforts, which is a necessity in the current energy context”.

Julien Groues, Country Manager, AWS (France): “We are delighted to support the “Decarb Fast Track” initiative to help on decarbonisation of the French industry and greatly appreciate the leadership Metron is taking. This is in line with Amazon’s objective to be carbon neutral by 2040. AWS is committed to running our business in the most efficient way and providing our customers with solutions to reduce their own CO2 footprint. According to 451 Research, AWS infrastructure is up to 5 times more energy efficient than the average EU enterprise data center, due to the combination of more energy-efficient servers, higher server usage, and excellence in sustainable design achieved by AWS infrastructure. Metron’s software solution is built on AWS, which will help to ensure security, innovation and reaching sustainability KPIs for both users and Metron.”

Footnotes

1. ^{^ [1] See: https://www.ecologie.gouv.fr/sites/default/files/dp-plan-sobriete.pdf (at page 26), last accessed on November 22, 2022.}
2. ^{^ [2]AIE 2020, présenté par le Ministère de la Transition Ecologique}

_{Contact us │ Imprint │ Data Protection │ Cookies Policy │ Cookie Preferences │ BNP Paribas holds the rights to use all pictures on this website. For information concerning the author of a picture, please contact groupcommunication.germany@bnpparibas.com.}

• BNP Paribas Cardif and Bank11 jointly develop mobility insurance solutions
• One rate across all engine-power classes and regardless of type of vehicle

As of now, BNP Paribas Cardif in Germany cooperates with Bank11, a bank specialised in German motor vehicle trading. Together the partners develop attractive insurance solutions in the field of mobility, which are offered to customers via the bank11 dealer network. In addition to classical extended warranty products, the protection of mobility has been rethought and tailored to the requirements of mobile customers. This includes insurance for repair costs available for motor vehicles, motorcycles, caravans and motorhomes. Car dealers will benefit from a protection on receipt of the warranty within 12 months for used vehicles.

“We are delighted to have won a partner with Bank11, which brings with it the right ingredients for a modern product range in the field of mobility protection, with a keen innovation and a strong dynamic. This is how we react to the fast-changing market,” says Daniel In der Wische, Chief Sales Officer at BNP Paribas Cardif in Germany.

Daniel In der Wische, Chief Sales Officer AT BNP Paribas Cardif GERMANY.

BNP Paribas Cardif is an experienced and internationally active specialist in the field of extended warranty. Bank11, on the market since 2011 and established player in the automotive industry, stands for fast, simple and fully digital application processes as well as innovative products. The aim of the cooperation is to provide modern protection products that meet the requirements and expectations of a mobile customer. Through this new partnership BNP Paribas Cardif will continue to make insurance more accessible with products that are easier to purchase, coupled with an optimized digital experience. The products are distributed through the bank11 dealer network, which is now connected to more than 17,000 partners in Germany.

“We are proud to have found a very strong partner with BNP Paribas Cardif, which can ideally complement our financial services in the field of mobility protection with a lot of experience and know-how,” says Jörn Everhard, Managing Director at Bank11. “The theme of repair costs is a central issue for many of our retailers and customers. With this new protection, we are creating an attractive offer for all parties.”

Jörn Everhard, MANAGING DIRECTOR AT Bank11

_{Contact us │ Imprint │ Data Protection │ Cookies Policy │ Cookie Preferences │ BNP Paribas holds the rights to use all pictures on this website. For information concerning the author of a picture, please contact groupcommunication.germany@bnpparibas.com.}

Kantox, a leading fintech for automation of currency risk management, will accelerate its growth with the support of BNP Paribas and the strengths of its integrated business model.
This acquisition builds on the initial strategic partnership between BNP Paribas and Kantox initiated in September 2019.

BNP Paribas is pleased to announce the signature of an agreement for the acquisition of Kantox, a leading leading fintech for automation of currency risk management. Kantox’s software solution has managed to successfully re-bundle the Corporate FX workflow, offering a one-stop-shop, API driven, plug-and-play solution which has emerged as a unique technology within the B2B cross-border payments sector. Kantox’s technology provides unrivalled level of automation and sophistication to Corporates in setting up hedging strategies.

By leveraging its integrated business model, BNP Paribas is well positioned to accelerate and extend Kantox’s offering to a wide range of Corporate clients across the globe. The acquisition of Kantox is supported by the Global Markets business of BNP Paribas’ CIB division and the business centres of the Commercial, Personal and Banking Services (CPBS) division. The two divisions aim to deploy Kantox technology to large corporate as well as SME and Mid-Cap clients, capitalising on market knowledge and local presence of the Group.

This acquisition illustrates BNP Paribas’ Growth Technology Sustainability 2025 plan, thatsets out to accelerate the development of technological innovations, to enhance customer experience and to provide best-in-class capabilities to its clients.

Philippe Gelis, CEO and co-founder at Kantox: “We have been serving clients together since 2019 when our technology partnershipstarted. During those 3 years, we spent a lot of time together in the field, getting the opportunity to understand that together we were stronger and able to bring more value to clients. It is the best of both worlds, the leading software company in the currency management automation categoryand the leading bank in Europe.”

Olivier Osty, Head of Global Markets, BNP Paribas CIB: “We are delighted to strengthen our partnership with Kantox, which brings to our clients a unique and innovative platform to automate their currency risk management. Corporate treasurers are currently navigating turbulent markets and advanced technology can help mitigate some of the challenges, easing the burden of manual tasks and allowing them to focus on their core business.” 

Yann Gérardin, Chief Operating Officer, Head of BNP Paribas CIB: “The acquisition of Kantox presents a further illustration of our ability to establish long-term partnerships with fintechs in an ever-increasing range of areas. Supporting our clients in their international development and providing them with the most advanced technological solutions have always been our priority and are as such key pillars of our GTS 2025 strategic plan.”

Thierry Laborde, Chief Operating Officer, Head of BNP Paribas CPBS: “This acquisition demonstrates how our distinctive model and integrated platform strategy are able to create value and develop business opportunities. Our leading positions with European companies of all sizes will enable Kantox to further accelerate its development, while improving our customers’ experience.”

The acquisition is subject to regulatory approvals and is expected to complete in the coming months.

_{Contact us │ Imprint │ Data Protection │ Cookies Policy │ Cookie Preferences │ BNP Paribas holds the rights to use all pictures on this website. For information concerning the author of a picture, please contact groupcommunication.germany@bnpparibas.com.}

• As part of BNP Paribas’ 2025 strategic plan, the Group unveils its first ‘Climate Analytics and Alignment Report’ which will steer the alignment of its portfolio with its net-zero commitment.
• The Report includes a series of financed carbon emissions intensity reduction targets for three key sectors (from 2020 baseline): power generation (a reduction of at least 30% by 2025), upstream oil and gas and refining (a reduction of at least 10% by 2025), and automotive1 (a reduction of at least 25% by 2025).
• In order to achieve its objective of reducing carbon emissions related to oil and gas, the Group will reduce by 12% its credit exposure to the upstream oil and gas industry by 2025 (from 2020 baseline). It will also reduce by 25% its credit exposure to the upstream oil industry by 2025. Thanks to the implementation of its previous commitments on unconventional oil and gas, upstream oil and gas and refining represent only 1.3% of BNP Paribas’ total credit exposure as of end of 2021.
• BNP Paribas has pledged to dedicate at least 200 billion euros to supporting large corporate clients’ transition to a low carbon economy by 2025. The Group has an intention of mobilizing by 2025 more than 350 billion euros through loans and bond issues covering environmental and social topics for corporate clients.

As part of BNP Paribas’ ‘Climate Analytics and Alignment Report’, net-zero targets have been determined using International Energy Agency (IEA) scenarios and sector-wide initiatives such as the PACTA methodology and the framework provided by the Net-Zero Banking Alliance, joined by the Group in April 2021. The power, oil and gas and automotive sectors, that account for 7% of the Group’s financing as of end of 2021, are key for the transition to a carbon neutral economy. According to the World Resources Institute, the energy sector (power generation and fossil fuel) represents about 75% of direct and indirect greenhouse gas emissions of the industry worldwide.

Power generation

2025 carbon emissions intensity reduction target of its portfolio = at least -30% versus 2020

• BNP Paribas’ portfolio alignment measurement of the power generation sector focuses on Scope 1 CO2 emissions of power generation activity, as it is where most emissions take place.
• This 30% carbon emissions intensity reduction target versus 2020 goes well beyond the 2025 intensities derived from the IEA NZE 2050.
• The Group aims to significantly reduce the financing of CO2 producing energy, in favour of financing the massive development in low carbon energy production. Its ambition is to reach less than 5% of coal in the portfolio capacity mix (from 10% as of end of 2020) by 2025 and more than 66% of renewable sources in the portfolio capacity mix (from 57% as of end of 2020), exceeding the 2025 ambition of NZE 2050 scenario.
• The Group has now committed to reach 30 billion euros of financing for renewable energy projects by 2025 (from 18.6 billion euros as of end of 2021).
• Within its Low-Carbon Transition Group, BNP Paribas has developed transversal expertise on transition technologies and notably Green Hydrogen.

Upstream oil and gas and refining

2025 carbon emissions intensity reduction target of its portfolio = at least -10% versus 2020

• The alignment measurement of BNP Paribas oil and gas portfolio covers Scope 1, Scope 2 and Scope 3 emissions.
• In May 2021, BNP Paribas announced its ambition to reduce its credit exposure to the upstream oil and gas activities by 10% by 2025. The Group is strengthening this objective by setting two enhanced targets for its credit exposure to the sector: a 12% reduction of its credit exposure to the upstream oil and gas industry by 2025 versus 2020, and also a 25% reduction to the upstream oil industry by 2025 versus 2020. This commitment shows a higher level of ambition than the IEA NZE 2050 based scenario. Thanks to the implementation of its strong previous commitments on unconventional oil and gas, upstream oil and gas and refining represent 1.3% of BNP Paribas’ total credit exposure as of end of 2021.
• The Group has decided to strengthen its unconventional oil and gas sectorial policy (dated 2017) for companies that do not have strong public commitment and transition strategies compatible with 1.5°C scenario. In 2022, the Group will no longer finance or invest in companies with more than 10% of their activities in tar sands and shale oil and gas. The Group will no longer finance any oil and gas projects and related infrastructure in the Arctic and in the Amazon regions.
  • The Group is strengthening the definition of the Arctic Region to adopt the one of the Arctic Monitoring and Assessment Program (AMAP), which is the broadest. Norwegian operated areas are to be excluded from this definition since Norway has developed the most constraining environmental and operational laws, regulations and monitoring processes in the world.
  • BNP Paribas will no longer finance or invest in companies deriving more than 10% of their activities from the Arctic Region.
  • BNP Paribas will no longer finance or invest in companies producing out of oil and gas reserves in the Amazon as well as in the ones developing related infrastructures.

Automotive

2025 carbon emissions intensity reduction target of its portfolio = at least -25% versus 2020

• BNP Paribas’ portfolio alignment measurement of the Automotive sector focuses on Scope 3 CO2 emissions of auto manufacturers Light-Duty Vehicles production.
• BNP Paribas expects the share of electric vehicles2 in its portfolio to reach more than 25% by 2025 (from 4% in 2020).
• BNP Paribas will continue to strengthen its financing through the issuance of sustainable bonds and loans to accelerate the electric vehicle production.
• Arval BNP Paribas is also committed to supporting its customers in making their mobility more sustainable by setting new target of reaching 700,000 electrified vehicles3 by 2025.

BNP Paribas’ 2025 targets cover financings directly provided and committed, and will gradually expand to some capital market activities. The Group will continue to work towards its net-zero goal by updating its methodology and metrics towards these sectors and others in its portfolio as new information
becomes available.
Alongside the development of the Low-Carbon Transition Group, which will bring together 250 professionals, BNP Paribas has pledged to dedicate at least 200 billion euros to support the transition of its corporate clients to a low carbon economy by 2025.

_{Contact us │ Imprint │ Data Protection │ Cookies Policy │ Cookie Preferences │ BNP Paribas holds the rights to use all pictures on this website. For information concerning the author of a picture, please contact groupcommunication.germany@bnpparibas.com.}