The event series #BNPParibasBestPractices was launched to discuss relevant regional economic topics in dialogue with customers. In the summer, they already came together in Frankfurt, Stuttgart, Munich and Hamburg.
A review of the September events in Düsseldorf and Berlin.
Düsseldorf: Germany in the field of tension between energy security and climate goals
At the Düsseldorf edition of the event series #BNPParibasBestPractices at the end of September, Stefan-Jörg Göbel, SVP Wind & Solar Statkraft, Dr. Frank Reiners, CFO Open Grid Europe, and Frank Sibert, Head of Sustainable Business BNP Paribas CIB Germany as well as customers discussed the tension between security of supply and climate goals.
Due to the gas emergency, climate-damaging measures such as the reactivation of coal-fired power plants must currently be taken to ensure the country’s energy stability. The panel participants agreed that resolving this area of tension as quickly as possible and reconciling the two goals through accelerated transformation must be the goal of all those involved.
To kick off the event, Liane Santenero, Head of Large & Midcap Corporate Coverage Corporate & Institutional Banking BNP Paribas Germany, and Stefan Baum, Head of BNP Paribas House Cologne, welcomed the guests, and Dr. Spyros Andreopoulos, Senior European Economist, BNP Paribas, gave a keynote speech with exciting figures, data and facts on the energy crisis.
Consistent with the theme of the event, the #BNPParibasBestPractices in Berlin took place in the Kaufhaus des Westens, KaDeWe. After a welcome of the approximately 170 guests by Lutz Diederichs, CEO BNP Paribas Germany, and Tim Schulze, Head of BNP Paribas House Berlin, Andreas Völker, Managing Director at BNP Paribas Real Estate Germany, explained how Corona has affected the retail real estate market. In doing so, he provided the impulse for the subsequent panel discussion.
On the panel Robert Dahl, CEO and owner of Karls Tourismus GmbH, Dr. Michael Peterseim, Managing Director, KaDeWe Group, Dr. Philipp Rossner, CSO of SIGNA Sports United and Beate Schneider, CFO of the Zeitfracht Group, discussed the new trends and challenges the retail sector is facing. The corona crisis, which has brought with it the lockdown, loss of sales and a boom in eCommerce, is regarded as a trend reversal. There would be no simple “back-to-normal”, everyone agreed. Consumer behaviour has changed, and retailers have to react to new trends. The question of whether international trends differ from local ones and whether local retailers would react differently to them than in other countries was also discussed, as well as how retailers are tackling the increased desire of customers for sustainability. All companies represented on the panel are active in both online and offline commerce. This leads to the question of how these sales channels can complement rather than cannibalize each other.
The services of banks such as payment transactions, contactless payments, payment on account, consumer loans, supply chain finance as well as real estate services for the selection and rental of space are closely linked to the retail trade. Banks also have an important role to play in shaping the transformation of retail.
The last #BNPParibasBestPractices event this year will take place on November 3rd in Hanover.