BNP Paribas encourages and supports philanthropic activities by employees.
BNP Paribas has been pursuing sustainable development policies, which are based on 4 pillars comprising of 12 commitments. Recently, this policy was brought under BNP Paribas Group governance, which promotes a long-term approach to CSR strategies.
In the same regard, in order to ensure that this policy operates as concretely and effectively, the company has established various levels of decision-making, action, and monitoring.
To build an effective CSR process, the social commitments must be translated into practical actions that are beneficial for both sides.
BNP Paribas participates actively in think tanks, such as “Entreprises pour l’Environnement” (Companies for the Environment) and “Entreprises pour les Droits de l’Homme” (Companies for Human Rights). These think tanks bring together several dozen large international groups, who aim to improve understanding of social issues and to continuously enhance the way in which they are addressed through an ongoing process of discussion and analysis.
Furthermore, BNP Paribas has committed to a number of national and international framework agreements in order to structure its approach, including the UN Global Compact, the Climate Principles, the Equator Principles, and the Diversity Label.
A network of 130 CSR correspondents has been set up across the Group’s core business divisions, business lines, branch networks, support departments, and subsidiaries, for the purpose of helping to implement CSR policies across all activities and all countries where BNP Paribas has a permanent establishment. In addition, the person in charge of CSR at every operating entity sits on the Executive Committee, thus ensuring that CSR becomes an integral part of the business strategy.
In 2013, a number of CSR committees were set up at various business lines and geographical regions. For instance, a CSR Council was set up for the Asia-Pacific region, which comprises of 14 countries. Chaired by the Asian-Pacific region’s CEO, the Council is made up of 13 members, including a number of top managers. Local CSR committees were also formed in the economically significant countries of the region: Australia, New Zealand, China, India, Japan, and South Korea.
In Japan, BNP Paribas contributes to a variety of projects with a focus on supporting education, environment, social inclusion, and the Tohoku region affected by the 2011 disaster. BNP Paribas has an ongoing project with a children’s home near Tokyo, where BNP Paribas staff recently made a visit in February. It also contributes to a local secondary school’s education program to give students the experience of visiting companies and making presentations on group assignments. Another annual event is the financial industry’s FIT for Charity Run, which supported 8 charitable organizations in 2015. BNP Paribas also contributes to a number of projects that help support homeless people in Tokyo.
BNP Paribas’ staff is keen to take part in the company’s philanthropic activities and they have the ability to put forward their own ideas. The staff is also able to take volunteer leave during the workweek. The BNP Paribas Foundation, based in Paris, also runs programs designed to provide assistance and also offers a choice of opportunities for those who wish to undertake individual action in this field.
Corporate Social Responsibility
Corporate social responsibility (CSR) refers to a business practice that involves participating in initiatives that benefit society. Each and every company therefore bears a responsibility in regards to the major challenges of sustainable development. CSR policies enable a company to adapt to social changes and also ensure its stability and development.
- Community Involvement: This can include raising money for local charities, providing volunteers, sponsoring local events, employing local workers, supporting local economic growth, engaging in fair trade practices.
- Environmental Action: Recycling, waste management, water management, renewable energy, reusable materials, ‘greener’ supply chains and reducing paper.
- Ethical labor practices: By treating employees fairly and ethically, companies can also demonstrate their corporate social responsibility.
To donate and participate in the “From Tokyo to Ichinoseki” Charity Cycle Ride, please visit the official website: www.kiwl.net.