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BNP Paribas Exclusive: New Client ESG Requirement Explained

BNP Paribas, the biggest bank in the European Union, has introduced new financing restrictions regarding clients in the mining industry.

BNP Paribas takes a stand against funding metallurgical coal extraction projects, aligning with its climate commitments and ESG focus. PHOTO: ALP/Reuters
BNP Paribas takes a stand against funding metallurgical coal extraction projects, aligning with its climate commitments and ESG focus. PHOTO: ALP/Reuters

The bank recently announced that it will no longer provide financing for projects dedicated to the extraction of metallurgical coal, as part of its updated policy on treating these clients.

The decision is part of BNP Paribas’ efforts to align its credit portfolio in the steel

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