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# BNP Paribas Updates Green Bond Framework to Align with ICMA Green Bond Principles 2021
- URL: https://www.theglobalbanker.com/bnp-paribas-updates-green-bond-framework-icma-2021-june-2024/
- Published: 2024-06-12T10:45:00.000Z
- Updated: 2026-10-02T12:56:53.000Z
- Description: BNP Paribas published an updated Green Bond Framework in June 2024 aligned with ICMA's Green Bond Principles 2021, covering renewable energy and clean transport.
- Author: TGB Editorial Team
- Tags: ESG, Europe, #archive

BNP Paribas published an updated Green Bond Framework in June 2024, bringing the document into alignment with the International Capital Market Association's Green Bond Principles 2021\. The framework sets out the categories of assets and projects eligible for financing through green bond proceeds, spanning renewable energy, energy efficiency, green buildings, clean transportation, and several other qualifying sectors across the bank's lending and investment portfolios.

The framework states that since 2010 the bank has integrated environmental, social and governance factors into its risk framework for all its financing and investments, and that it progressively integrates ESG criteria into its specific credit and rating policies.

#### FRAMEWORK COVERS KEY TRANSITION SECTORS

Under the updated framework, eligible green categories include projects in renewable energy generation, energy-efficient solutions, infrastructure and equipment, certified green building construction and renovation, zero-emission transport and related infrastructure, and water management and treatment, and pollution prevention and control. The framework follows a portfolio approach rather than a predefined project list: it sets the criteria against which eligible assets are screened and the reporting commitments BNP Paribas makes to investors for as long as any green bond is outstanding.

The ICMA Green Bond Principles 2021 alignment means the framework addresses the four core components of the principles: use of proceeds, process for project evaluation and selection, management of proceeds, and reporting. 

BNP Paribas did not announce a specific issuance tied to the framework update at the time of publication.

#### SCOPE OF THE FRAMEWORK

BNP Paribas arranges green, social, and sustainability-linked bonds for corporate and sovereign clients in addition to issuing for its own balance sheet. The updated framework governs the latter category — instruments issued by BNP Paribas itself, or by subsidiaries under its guarantee, to finance its own eligible asset portfolio.