BNP Paribas is committed to developing financial solutions to support the economy of functionality
Terms of the action or commitment
The subject is considered strategic by BNP Paribas, which has identified it among the 5 priorities presented in the Sustainable Business Development Plan integrated into the Group’s 2022-2025 strategic plan (see presentation of the Group’s annual results of 5 February 2021 available Here).
BNP Paribas supports the development of the functionality economy to encourage that the approach has a positive environmental impact.
Levers mobilized for circular economy (according to Ademe)
Implementation timeline
Starting year
2018
Ending year
2030
Main actors mobilized
Internal actors
Arval and Leasing Solutions
External actors
/
Geographic area
Worldwide
Photo / Video
2022 follow-up of the action
Date of follow-up
April 25th 2022
Methods of validation of the follow-up
Internal validation
Status of the action
In progress
Completed
a) Results
Achieved
Partially achieved
Not achieved
Cancelled
Comparison with the projected pace in the last publications
Keeping up with the times
In advance
Delayed
Partial / Final results
In 2021, the following are notable achievements in BNP Paribas’ support for the development of the functionality economy:
– The announcement by BNP Paribas Personal Finance of a minority stake in Evollis, a digital platform for the subscription and management of long-term leases for capital goods, which also manages the take-back of used products.
– The partnership of BNP Paribas Cardif with Back Market, the leading marketplace for refurbished products, and insurtech i-surance, to launch insurance for refurbished mobile phones, tablets and laptops in France, Spain, Italy and Germany. BNP Paribas Cardif wants to make insurance more accessible to buyers of refurbished devices and encourage an eco-responsible approach to the circular economy.
– The announcement by BNP Paribas Personal Finance of a minority stake in Evollis, a digital platform for the subscription and management of long-term leases for capital goods, which also manages the take-back of used products.
– The partnership of BNP Paribas Cardif with Back Market, the leading marketplace for refurbished products, and insurtech i-surance, to launch insurance for refurbished mobile phones, tablets and laptops in France, Spain, Italy and Germany. BNP Paribas Cardif wants to make insurance more accessible to buyers of refurbished devices and encourage an eco-responsible approach to the circular economy.
