2023

at a glanceOurcompany purpose*

We are at the service of our clients and theworld we live in.
BNP Paribas was formed by banks that havebeen deeply embedded in the European andglobal economies over the last 200 years. They
have adapted to the challenges of their times
and helped clients and other stakeholders during moments of great change.
BNP Paribas’ mission is to contribute to a responsible and sustainable economy by financing andadvising its clients according to the highest ethicalstandards. We offer secure, sound and innovative
financial solutions to individuals, professional clients, corporates and institutional investors while
striving to address the fundamental challenges oftoday with regard to the environment, local development and social inclusion.

04
BNP Paribas, a global European leader
committed alongside its customers
to a sustainable economy

08
A diversified and integrated
model to create value

10
GTS 2025 strategic plan,a new acceleration phase

16
Three operating divisions
to serve our customers

22
Our financial andextra-financial indicators

24
Our philanthropy andsponsorship commitments

We are engaged with our clients to create abetter future.
We are mobilising resources that have apositive impact.
At BNP Paribas, we want to be a long-term
partner for our clients. We want to support
their projects, manage their investments andsavings, and through insurance protect people,
their goods and property.
Our employees aim to deliver services thathave purpose and relevance for clients and theworld around them. They do this most clearlythrough their daily mission in the company but
also through corporate volunteering.

We are working with stakeholders and haveadopted social and environmental goalsaligned with global standards such as the UN
Sustainable Development Goals and those of
the financial community such as the Principles
for Responsible Banking and the Principles for
Responsible Investment.
We ensure that ethics and our commitment toeconomic, social, civic and environmental responsibility are integrated into our business
operations. This commitment is reflected in ourorganisation and the procedures and policies
governing our activities.
We innovate in order to be a leader in sustainable finance.
We take action to support causes by bringing
together financial solutions, stakeholder partnerships, employer and procurement initiatives, support for solidarity-based projects,
philanthropy, volunteering and intrapreneurship programmes.
We are developing the tools to measure ourenvironmental and social impact and we arefocusing on actions that involve all employees.

BNP Paribas, the bankfor a changing world.

* Summarising the following documents created with the input of hundreds of employees: Our Vision and Mission (2015), Code of Conduct (2016)
and Engagement Manifesto (2018).

4

5

Nearly 184,000 employeesin 64 countries
and regions

BNP Paribas

a global
Europeanleader

58,567

employees
in Europe

16,008(excluding domestic markets:
France, Belgium, Italy andLuxembourg)

employees
in Italy

12,853

employees
in Belgium

3,593

employees
in Luxembourg

4,718

committed alongsideits customers toa sustainableeconomy20,533

employeesin North America

4,619

employees
in South America

Since its creation in 2000,
through the merger of banksanchored in the European
and global economy overtwo centuries, the BNP Paribas
Group has set the task ofcontributing to a responsible
and sustainable economy.
Driven by this ambition,
we ensure that our businesshas a positive impact,
both in our own operations
and through the solutions
we offer our customers.

56,198

employees
in France

We support our customers
all over the world
As a European leader with a strong international stature, we can support and advise
our customers around the world. Present in
64 countries and regions, with nearly
184,000(1) employees, BNP Paribas is positioned as the leading bank in the European
Union(2). Most of our business lines in Europe
hold key positions as leaders in markets
such as for cash flow activities (cash management, trade finance and factoring), andcapital markets activities, but also in our
specialised businesses such as long-term
leasing or sustainable investment management. Our Group is established in fourmain domestic markets: Belgium, France,
Italy and Luxembourg and deploys its integrated commercial banking model in Poland,(1) Figure as of 31/03/2023. The number of employees is reported in
Full-Time Equivalent (FTE; headcount in proportion to their workingtime) of paid employees with Permanent Term Contract or Fixed
Term Contract, excluding employees on unpaid leave. (2) In revenues.

employees
in Asia-Pacific

6,279

employees
in Africa

Turkey, Ukraine, Algeria and Morocco(3)and through its stake in a bank in China.
As a leading international banking player,
BNP Paribas also has a strong presence in theAmericas and has a fast-growing capacity
for intervention in Asia-Pacific.

Our founding values
seal our culture
BNP Paribas can count on the commitmentof its employees to support its customers— individuals, professionals, corporateclients, institutions — in all phases of theeconomic cycle. At the heart of our collective dynamic, the sum of our expertiseand the cohesion of our teams feeds our
responses to the needs and expectationsof our customers. We also rely on thestability of our governance bodies, whichguarantee the management of our strategy
over the long term, with the objective ofcontrolled development and responsible
growth. These bodies act in the joint in-

515

employees in
the Middle Eastterest of our Group and our stakeholders
and ensure that each decision is marked
by our underlying requirement for ethicalresponsibility.
Lastly, for several years, we have been
implementing a proactive approach to socialand environmental responsibility to meetthe essential challenges of environmental
protection, regional development and equal
opportunities. A conviction that is reflectedparticularly in our commitment to promoteand deploy sustainable finance, serving a
low-carbon and a more inclusive economy.

(3) Disposal agreements were signed with the Group’s banks in
Senegal on 29 July 2022 and in Côte d’Ivoire on 30 September 2022.
The transactions were completed on 28 April 2023 and 15 February
2023 respectively.

6

7

Our distinctive model is thefoundation of our performance
Our diversified and integrated model is basedon our three operating divisions, whose
leading positions and real complementarity
underpin BNP Paribas’ overall performance.
Corporate & Institutional Banking connects
the funding needs of corporate clients with
the investment opportunities sought byinstitutional clients, by providing themwith tailor-made solutions. Investment& Protection Services groups our savings,
investment and protection solutions, andreal estate services, while our Commercial,
Personal Banking & Services division pools
our commercial banking networks andseveral specialised business lines.

competitive advantage for our Group in
all its markets, and the assurance for ourcustomers of support over the long term at
all stages of their development.
BNP Paribas also stands out for its strong
financial solidity: the weight of its balance
sheet, its market capitalisation, its levelof tier one capital (Common Equity Tier 1),
its performance in terms of revenues
and net income. Its low cost of risk also
reflects responsible, prudent, proactive andlong-term management.

We mobilise the bestof technology
As long-term partners for all our clients— individuals, community organisations,
small businesses, SMEs, mid-caps, large
companies and institutions — we aim toprovide support for all their projects andin all circumstances. Listening to them,
we mobilise the best of technology to offer
innovative solutions and improve theirexperience, while ensuring a high level ofdata and operational security. To offer clientsa smooth, personalised and secure experience,
we rely on our powerful business platforms.
Largely digitised and at scale, they combine
global connectivity and speed of execution.
By focusing on digital technology and agility,
we also support the ongoing developmentof our employees’ skills, with the desire
to develop all talents, and to collectively
strengthen our operational performance.

By combining our global footprint with local
presence, our three divisions deploy a wide
range of solutions in all our regions. The
cohesion between all our business lines,
and our ability to respond in a coordinatedmanner to the changing needs and practicesof our customers, give our model its distinctive and high-performance character.
Resilient in all environments and drawing
its power of execution from thorough integration between all our areas of expertise,
this model is the guarantee of a tangible

Because we are convinced that useful innovation results from collaboration between
many players, we are progressively building
an ecosystem that includes corporate clients, institutions, start-ups, networks andassociations. For over 10 years, we havebeen developing an open approach to makeinnovation one of the driving forces behindthe digital transformation of our activities.

We strengthen
our commitments
to a low-carbon economy
A distinctive and high-performing model

A customer-centric
model

An integratedmodel

A diversifiedmodel

A modelat scale

The Group’s long-term
approach is poweredby deep relationships
with clients and relies
notably on strong risk
management.

Thanks to thecollaboration between
all its businesses and its
global connectivity, theGroup provides complete
coverage of client needs
and accompanies clientsin their development.

The Group’s
diversification in termsof client segments,
regions, sectors andbusinesses ensures
great stability.

The Group’s
development andexpansion is bolsteredby digitalisation and newtechnologies that allow
for powerful execution
at marginal costs.

Relying on our foundations and solid positions, on the transformational dynamic thathas been underway for several years, andon the stability of our managerial teams, weare pursuing our long-term development
trajectory and ambition: that BNP Paribas,
an innovative company combining the bestof people and technology, be the benchmark
European leader in supporting its customers
in the transition to a sustainable economy.
Banks have an essential role to play in thefight against climate change by directing

their financing towards the production of
more sustainable energies. With this in mind,
we are building on our leading position in
the financing of the energy transition toinitiate, as part of the deployment of our
GTS 2025 strategic plan, a new phase thatsharply accelerates our withdrawal fromfossil fuels, with the objective of financing a carbon-neutral economy by 2050,
and before that, by 2030, of transitioning
its financing activities to the production of
low-carbon energies by more than 80%.
Building on this ambitious trajectory, we
reaffirm our wish to contribute to a sustainable model, combining economic efficiency
and positive impact, while helping ourcustomers move forward on the path toa fair transition.

8

9

A

diversified & integrated
model to create value

Our model

Solid financial
structure

Corporate& Institutional
Banking (CIB)

Commercial,
Personal Banking& Services (CPBS)

employees (1)employees (1)38,256€16.5bn

113,905

Revenues (2)Sectordiversification& prudent risk
management€28.3bn

Revenues (2)Comprehensive
and long-termclient-centric
approach

employees

Integrated
platforms& approaches(1)€6.7bn

Revenues (2)Our GTS 2025 strategic plan
GrowthTechnology

Our solutions

Our value creation

Everydaybanking

For all our stakeholders: customers,
shareholders and investors, employees,
partners and suppliers, local authorities,
regions and civil society.

—
Payments↓—

Promotinguseful innovationfor our customers

Advice—Investment& Protection
Services (IPS)

18,809Thanks to the solidity of our Group and the strength of our diversified andintegrated model, we support our customers and society in general by drawing on
our teams, our resources and our expertise. Our commitment to them extends overthe long term and in all phases of the economic cycle. By leveraging our leadingbusiness platforms and our unique position as a European leader, we create value
and support the development of a sustainable economy.

Sustainability(1) The number of employees is reported in Full-Time Equivalent (headcount in proportion to their working time) of paid employees with Permanent Term Contract or Fixed
Term Contract, excluding employees on unpaid leave. Figures as of 31/12/2022. (2) Figures as of 31/12/2022. For CPBS, revenues include 100% of Private Banking (including
PEL and CEL effects in revenues).

Financing(Individuals, small businesses,
SMEs and mid-caps, large
companies, institutional clients,
community organisations)—↓

Investments—

Encouraging
sustainable growth
for the economy

Savings↓—

Developing
our contribution
to society

Protection

10

11

GTS 2025

strategic plan,a new acceleration
phase

In February 2022, BNP Paribas
launched an ambitious 2025 strategicplan to further its development bybuilding on its unique position asa European leader with solid franchises
and powerful platforms that serve
customers, the economy and society.
After the first year of deployment,
the Group is accelerating theimplementation of its roadmap.

Our GTS 2025 strategic plan

Strong ambitions
GrowthContinued profitable
growth by leveraging
the Group’s leading
positions in Europe

Technology

Technology for optimisedclients' and employees'
experience and operational
performance

Sustainability

Accelerated mobilisationof the Group’s businesslines on sustainablefinance issues↓

fuelled by a powerful model…strategicallyaligned to best
serve clientsand partners…

Leading
Europeanplatforms…

Three structuring pillars…with the full benefitof our integrated
and diversified
operating model↓

Our strategic plan is based on three pillars:

built on three strengths→ Growth: pursue profitable growth bybuilding on our positions as a European
leader;→ Technology: use technology for thecontinuous improvement of our clients'and employees' experience, and of ouroperational performance;

Technology andindustrialisation
at the heart ofour model

Deployment ofsustainable financeand ESG at scale

Development of
employees’ potentialand engagement→ Sustainability: sharply accelerate andmobilise all our business lines on sustainablefinance issues.

Being the main builders of GTS 2025,
our employees are also a key priority within
it. Our plan is based on their expertise andcommitment, which are the reflectionof our skills development and diversity
policy. As the foundation of our collective
performance, our human capital is an
essential lever for achieving the goals of
our strategic plan.

↓in order toFosterorganic
growthGainmarketsharesDevelopnew
opportunities

Generate
economiesof scale12

13

Amplify
and accelerate
our progressThanks to BNP Paribas’ solidity, the strength of ourdiversified and integrated
model and the expertise of our teams,
the Group achieved a very good performance in 2022. This performance reflects
our unique position as a European leader,relying on leading platforms to support
the dynamism of our customers and theirability to adapt, and to support the economy.
On the strength of these results, which
confirm the relevance of our 2025 strategic plan, and confident in its ability
to pursue disciplined and sustainablegrowth, the Group has revised its objectives upwards for the three pillars of the
Growth, Technology, Sustainability 2025
plan. We are setting ambitious financial
targets and continuing our technologicaladvances. We are strengthening our commitments to a sustainable economy andare entering a new stage of acceleration
for the financing of the energy transition.
We will continue, with our customers, thetransformation effort that has alreadymade it possible to shift our financing
from energy production to a majority of
low-carbon energies.

Jean-Laurent
Bonnafé,Director and Chief
Executive Officerof BNP Paribas“Thanks to our solid
performance, upwardly
revised goals, and our role
as a confirmed leader inthe financing of the energy
transition, we are very well
positioned to support theeconomy and accompany
our customers over the longterm by providing themwith all our expertise.”

GROWTH

Building on our European
leadership to continue
our growthWith GTS 2025, we continue to benefit
from the full support of our integrated,distinctive and efficient model. Based on
our position as a European leader withpowerful business platforms, we willcontinue to grow by gaining market
shares at marginal cost, thereby creating
new opportunities and generating substantial economies of scale.

Two additional growth drivers
In addition, we now benefit from two new
growth drivers. The first is strengthening
our model by reallocating a large partof the capital(1) released with the sale ofBank of the West on 1 February 2023.
This allocation will be done in a gradualand disciplined manner and will support
the development of our business lines.
Three quarters will be invested towards
strengthening our organic growth inour most promising business lines. The
remaining quarter will be used to pursue
our highly targeted external growthstrategy. We will thus make investments in innovative business models
and acquisitions with high added value
in fields of expertise or in cutting-edge
technologies. These acquisitions willcomplement our range of products andservices, for example in insurance andpayments, and strengthen our industrial
platforms. As such, in 2022, we acquired
Kantox, the automated foreign exchange
risk management specialist. In total, thisstrategy is expected to generate €3bn inadditional revenue by 2025, compared toour initial forecasts.
The second driver is linked to the positive
impact of the increase in interest rates,and should enable us to generate morethan €2bn in additional revenue by
2025 compared to our initial forecasts.
Building on the performance of our model,

and incorporating the additional potential of these two drivers, the Grouphas revised upwards its average annual
objective for growth in net income Group
share by more than 9% between 2022
and 2025. The Group anticipates strong
and regular average annual growth innet earnings per share of more than
12%, an increase of 40% over the period2022-2025. BNP Paribas reaffirms its
objective of generating a positive jaws
effect each year of above 2 points on
average(2). It reinforces the cumulative
recurring cost savings targets by 2025
to €2.3bn. The Group is thus aiming fora target return on tangible equity (ROTE)
revised upwards to around 12% in 2025.
(1) Common Equity Tier 1 (CET1), fully loaded Basel 3. Solvency
ratio. Capital Requirements Directive (CRD 5). (2) CAGR
(compound annual growth rate) 2022-2025 Revenues minus
CAGR 2022-2025 Operating Expenses, excluding the positive
impact of the change of accounting standard (application of
IFRS 17 effective 01/01/23).

TECHNOLOGY

Putting technology
at the heart of improving
the experience of ourcustomers and our teams
With GTS 2025, we are stepping up ourindustrialisation drive through technology. We are thus able to both optimise
the experience of our customers — byoffering them innovative services thatmeet their expectations — and increase
the satisfaction of our teams by nurturing
empowerment and cooperation at theheart of our working methods. We also
mobilise the most robust and cutting-edge
technological resources to improve theoverall operational performance of all ourentities. Lastly, streamlining information
systems is key to our pursuit of our longterm cost control strategy.

A global strategy
focused on several areas“The attention the Grouppays to the technology,
symbolised by the T at theheart of the GTS 2025 plan,
highlights the progress madein the previous 2017-2020
plan. As part of our 2025
strategy, we are continuing
our investments and ramping
up in the context of constanttechnological change.”

Laurent David,
Deputy Chief
Operating
Officer

We are focusing our financial and humanefforts on an operational model that provides standardised, pooled and interoperable
IT services and platforms to ensure thebest possible protection against cyberrisks for our Group and our customers.
To this end, we:• use secured cloud technology to modernise our information systems;• accelerate the convergence of our technology platforms to facilitate the creationof value and the sharing of our IT assets,
thanks to our digital marketplace;• deploy our "APIsation" approach at large
through a common platform aimed atrolling out open banking right acrossthe Group;• extend the use of artificial intelligence, data and robotisation to reach
1,000 operational use cases in 2025,
compared to 670 in 2022.

14

15

“At BNP Paribas, we havealready made a major pivot
towards financing the
production of low-carbon
energies. In the coming
decade, climatic factors
will transform theeconomy more than ever.
This is why we intend
to go further and faster.
All Group entities arecommitted to thisfundamental dynamic.
This new phase ofacceleration confirms
our role as an undisputed
leader in the energy
transition.”

Antoine Sire,
Head of Company
Engagement

SUSTAINABILITY

Significantly accelerate
the deployment ofsustainable financeWith GTS 2025, we are entering a new phaseof strong acceleration in our energy transition
financing activities. We work alongside ourcustomers to support them in the transition
to a sustainable economy, while aligning ourportfolios with the commitment to carbon
neutrality. BNP Paribas has already made amajor pivot towards financing the productionof low-carbon energies. In 2022, financing
of low-carbon energy production alreadyaccounted for more than 55% of our portfolio,
compared to 45% for fossil energies. Thanks to
the resources mobilised, we will increase theshare of the low-carbon energy production
to 80% of our energy production financing
by 2030. Regarding oil, since 2016, we havestopped providing any financing dedicated to
exploration and production projects. In 2030,
our remaining financing of oil exploration andproduction will represent less than €1bn. For
gas, we will reduce our exploration-production
financing by 30%, by focusing on security ofsupply and next-generation thermal power
plants. BNP Paribas will no longer provide
any financing dedicated to the developmentof new oil and gas fields.

Three strategic drivers
and five priority areas
We have defined three strategic drivers
to accelerate the implementation of ourcommitments:• aligning our portfolios with ourcommitment to carbon neutrality;• supporting our customers towards asustainable and low-carbon economy;• strengthening our expertise, management
tools, processes and governance.
We have also identified five priority areas inline with the 17 United Nations Sustainable
Development Goals (SDGs), some of which arepriorities for our business: sustainable savings,
investments and financing; transition to carbon
neutrality; circular economy; natural capitaland biodiversity; social inclusion.

Placing people
at the heart ofour collective
performance“After a year in 2021
devoted to defining
the People Strategy,
the entire HR function
was mobilised in 2022,with the first projects
already delivered.
We are now accelerating
all projects. Our People
Strategy will be a
success if its results areperceived by all teams.
We also continue toincrease our diversity
and inclusion initiatives
for the benefit of all
our employees.”
Sofia Merlo,
Head of Human Resources

Designed as part of a co-construction approach, our People Strategy
aims to develop the potential andcommitment of our employees,
in order to ensure our collective
performance and strengthen our
position as a leader in sustainablefinance. To this end, it focuseson three themes, mirrors of
the GTS 2025 plan: employee
experience; human capital; ethics
and inclusion, with the firstprojects delivered in 2022.
In terms of employee experience, 2022 saw the continuation of the evolution of working
methods within the Group, with
the increase in momentum for
Smart Working. To facilitate
the personal procedures of ourteams, we are deploying My
HR, a dedicated space for HR
applications and tools. 2023
will also see the deploymentof the We Care offer, covering
employee health and well-being.
Finally, to promote and drive a
profound cultural change, theprogramme Agile@Scale is being
distributed in all our entities.
The HR function supports thisdynamic of change, while making
its own transformation towards
greater agility.
With regard to human capital,a major achievement was thelaunch, in October 2022, of the
Sustainability Academy, whose
mission is to train and inform
employees of all our businesslines and all our regions in
the environmental and social
challenges of sustainable finance.
In addition, the Group’s HR tools
have been adapted to improve
employee career paths and skills
management.
With regard to ethics and inclusion, in 2022 we updated
our governance focusing on
respect for people. To raise all
employees’ awareness of the
adoption of respectful behaviour,
the Conduct Journey, which ismandatory for all employees, hasbeen enriched with a “Diversity,
equality and inclusion” module.

16

17

Three
operatingdivisions

Yann Gérardin,
Chief Operating
Officer,
Corporate &Institutional
Banking

to serve
our customers

BNP Paribas is structured aroundthree operating divisions: Corporate& Institutional Banking (CIB);
Commercial, Personal Banking& Services (CPBS) and Investment& Protection Services (IPS).
With a focus on the needs ofour customers and partners,
these three divisions are the pillarsof our diversified and integrated
model. The three operating divisions
are organised to increase cooperation
between all our business lines andmeet the changing expectations of
our stakeholders. A global and joint
approach enriches the expertise
offered to our customers and provides
them with continuous, long-term
support for all their projects.

→“By leveraging our diversified
model, we offer our customers
a full range of integrated andtailored solutions and connect
the needs of our corporateclients with those of ourinstitutional clients.
With recognised expertisein sustainable finance and anorganisation that is dedicatedto accelerating the transition
to a low-carbon economy,
through the Low-Carbon
Transition Group, our teams
are fully mobilised to support
the transition of our customers
to a more sustainable economy
all over the world.“

Corporate& Institutional
Banking

Present in three major regions — Europe,
Middle East, Africa (EMEA); Americas; AsiaPacific (APAC) — CIB’s teams work as closely
as possible to support our customers’ needs
through three dedicated business lines.

financing, research and market analysis
products and services across all asset
classes. It is aimed at a wide range ofinstitutional and corporate clients operating internationally.

Global Banking

Securities ServicesC

By leveraging a global platform andlocal presence, Global Banking provides
corporate clients with a full range of
products and services in terms of debt
financing solutions, advice on mergers
and acquisitions, primary equity markets
and transaction banking expertise.

On 1 October 2022, BNP Paribas Securities
Services SCA merged with its parent
company, BNP Paribas SA. Ranked among
the world’s leading players in securities
custody, Securities Services securely storesand manages the assets of banks, fundmanagers, insurance companies, pension
funds and sovereign wealth funds, while
ensuring the smooth running of theirfinancial transactions. It helps to increase
their global investment opportunities,
manage their risks and improve theiroperational efficiency.

orporate & Institutional
Banking (CIB) acts as abridge between two typesof customers: corporate clients andinstitutional clients (including banks, insurance companies and asset managers).
It connects the financing needs of corporate clients with the investment opportunities sought by institutional clientsby offering them tailor-made solutions in
the areas of capital markets, securities
services, financing, risk management,
cash management and financial advice.

Global Markets
As a specialist in capital markets investment and financing, Global Markets
offers a variety of investment, hedging,

18

19

Our specialised businesses
Arval
Arval provides companies, their employees
and individuals with an ecosystem of digitalsolutions, services and tools to optimise theirmobility in line with current considerations,
including energy transition and growth of
the user economy. With the aim of leasing
700,000 electrified vehicles by 2025 and offering responsible mobility solutions throughout
its entities worldwide, Arval has positioned
itself as a key player in sustainable mobility.

BNP Paribas Leasing Solutions→

Commercial,
Personal Banking& ServicesCommercial, Personal Banking & Services (CPBS) brings
together our commercial &personal banking and several specialised
businesses for efficiency, agility, and to act
as our customers’ trusted companion. As
such, we meet our clients’ financial needs
and more, serving their best interests andthose of society.

Our commercial & personalbankingWith its four domestic markets in the eurozone (France, Belgium, Italy, Luxembourg),
its network of banks outside the eurozone(Poland, Turkey, Ukraine, Algeria andMorocco(1)) and its participation in a bankin China, BNP Paribas has a large networkof experts and offers its customers anextensive range of services and products
including financing and savings solutions.
An ecosystem of partners strengthens
these offers beyond banking services.
By placing innovation and security at thecentre of their business model, our networks adapt their offer to the new needsof customers to be their long-term trusted
companion.

• Commercial & Personal
Banking in France
7.6 million customers• BNP Paribas Fortis in Belgium
Nearly 3.4 million customers(2)• BNL in Italy
2.6 million customers• BGL BNP Paribas in Luxembourg
188,300 customers• Europe-Mediterranean
More than 15 million customers• Bank of the WestOn 20 December 2021, the BNP Paribas
group announced the sale of Bankof the West to BMO Financial Group.
The sale was completed on
1 February 2023.

BNP Paribas Leasing Solutions offers corporateclients and professionals in the industry withleasing and financing solutions for their equipment, through various commercial channels(industrial partners such as manufacturers,
distributors and resellers, direct businessclients or companies from the network ofcommercial & personal banking).
BNP Paribas Leasing Solutions contributes
to the ecological transition of its customers
by financing positive impact equipment andproviding services that promote and support
the circular economy.

BNP Paribas Personal Finance
BNP Paribas Personal Finance is a major player
in consumer credit in Europe. Its commercial
brands offer a full range of consumer loans
through a variety of distribution channels.
BNP Paribas Personal Finance is developing
an active partnership strategy with large
retailers, car manufacturers and distributors,
e-merchants and other financial institutions.
The company has set itself a target of €20bn
in sustainable finance, with sustained efforts
in four areas: financial inclusion, the energy
transition for housing, sustainable mobility
and the circular economy.

BNP Paribas Personal Investors
In addition to its traditional online brokeragebusiness, BNP Paribas Personal Investors
offers its individual customers a wide rangeof banking, credit and savings services. Thisbusiness also provides independent financial
advisers, asset managers and fintechs with
innovative digital services. BNP Paribas Personal
Investors is present in India and Germany

through three brands, including Consorsbank
for individual customers.

NickelThis first “bankless” account was launched in
France in 2014. Nickel offers a current accountthat can be opened in five minutes from press
shops or Points Nickel (points of sale), of which
there were more than 8,800 in Europe at theend of 2022. Its customers can pay, and be paid,
via a simple and inclusive offer, based on four
values: universality, simplicity, usefulness andcaring. Thanks to its digital model and a local
distribution method in France, Belgium, Portugal
and Spain, Nickel maintained a sustained rateof customer acquisition throughout the year.

FLOA
Already leader in France in payment facilities, and present in Spain, Belgium, Italy andPortugal, FLOA joined the BNP Paribas Groupin February 2022. As a pioneer in payment
facilities, FLOA offers consumers split payments,
mini-loans and bank cards. The company isa partner of major e-retailers, key players
in travel and fintechs, for which it develops
tailor-made services.
(1) Disposal agreements were signed with the Group’s banks in Senegal
on 29 July 2022 and in Côte d’Ivoire on 30 September 2022. The
transactions were completed on 28 April 2023 and 15 February 2023
respectively. (2) Excluding the 600,000 active customers of bpost
banque and Fintro customers.

“The solid performance of ourcommercial & personal banking andour specialised businesses embodies
the energy and sustained work of
our teams to support our customers
over the long term. It will enable us tostrengthen our leadership positions
in Europe and accelerate the profitable
growth of our business lines while
continuing to improve customer
satisfaction.“
Thierry Laborde,
Chief Operating
Officer,
Commercial,
Personal Banking& Services

20

21

→

Investment& Protection
ServicesO

ur Investment & Protection
Services (IPS) division brings
together our activities dedicated to protection, savings, investment
and real estate services. It designs anddeploys innovative and responsible products to support individuals, professionals,
corporate clients and institutionals intheir projects and their transition to asustainable and inclusive economy.

Leading wealth and asset
management business lines

offices and High Net Worth Individuals. In
Europe, it is growing its wealth management business by leveraging the Group’s
Commercial, Personal Banking & Services
network. In Asia, it relies on its historicalpresence and its Corporate & Institutional
Banking activity to meet its clients’ mostsophisticated needs. BNP Paribas WealthManagement continues to strengthen its
digital solutions, and through an internal,
robust and unique methodology (Clover
Rating), it can identify and select responsible investments for its clients.

BNP Paribas Cardif
BNP Paribas Cardif designs, develops andmarkets, with more than 500 distributor
partners, savings and protection offers
to insure people, their projects and theirassets. It helps its policyholders to carryout their projects while protecting themagainst the eventualities of life. As a player
committed to its partners, their customers
and society, BNP Paribas Cardif’s mission
is to make insurance more accessible. As
an investor, BNP Paribas Cardif contributes
to giving meaning to the investments ofpolicyholders and has set itself a target
to devote an average of €1bn per year by2025 to positive impact investments. The
insurer has joined the Net-Zero Asset Owner
Alliance and has committed to aligningits portfolios with a carbon neutrality
trajectory by 2050.

BNP Paribas Wealth Management
BNP Paribas Wealth Management supports the wealth and financial projectsof a clientele of entrepreneurs, family

Renaud Dumora,
Deputy Chief
Operating Officer,
Investment& Protection
Services“In 2022, in a particularly
turbulent environment,
IPS demonstrated its agility
and resilience. Our course for 2025
remains unchanged: enrich ouroffer thanks to technology andsystematise the integration of
the sustainable dimension, to better
meet the needs of our customers.“

BNP Paribas Asset Management

BNP Paribas Real Estate

BNP Paribas Asset Management provides
investment solutions to individual savers, corporate clients and institutional
investors and offers specific expertise:
active high-conviction strategies, emerging
markets, multi-asset investments, private
debt and liquidity solutions. As a signatoryof the Net Zero Asset Managers initiative,
BNP Paribas Asset Management is committed
to a trajectory of carbon neutrality for its
investments by 2050.

With a wide range of services, BNP Paribas
Real Estate supports its customers— institutional investors, owners, corporateclients, local authorities, individuals, etc.
— during all stages of the real estate asset
life cycle: property development, transaction, consulting, valuation, investment
management and property management.
It operates in all asset classes, from offices
to housing, including industrial premises,
logistics, hotels and retail spaces.

The Group’s aim is to become a leading
European player in the field of private
asset management. To this end, in January 2023, BNP Paribas created a Private
Assets group within BNP Paribas AssetManagement, that pools its private asset
management activities together.

22

23

Our

financial and extra-financial
indicators

Thanks to its financial solidity combined with the power of its diversified and integrated model,
BNP Paribas achieved a very good performance in 2022, confirming the relevance of its GTS 2025
strategic plan. The ability to support our customers and the economy globally by mobilising ourteams, resources and expertise continues to support the strong growth in business and results.
BNP Paribas set up in 2021 a CSR dashboard to help guide its strategy in this area.
The monitoring of this CSR dashboard is carried out on an annual basis by the Group’s
Executive Committee and Board of Directors.

The CSR policy management dashboard
Our economic responsibility

2022

2025 Objectives

Amount of sustainable loans(1) ..........................................................................................

€87bn€150bnAmount of sustainable bonds(2).........................................................................................

€32bn

Amount of article 8 and 9 assets under management
according to the SFDR(3).......................................................................................................

€223bn€300bn35.2%

40%

Our social responsibility
Share of women in the SMP (Senior Management
Position) population(4) .........................................................................................................
Number of solidarity hours performed by employees(5) ............................................

Our performance in 2022
€10.2bn€461bn12.3%

Revenues

Net income
Group share

Immediately
available liquidity
reserve

CET1 ratio

97.4%

90%

3.3 million

6 million

Amount of the support enabling our clientsto transition to a low-carbon economy(8) ......................................................................

€44bn€200bnAmount of financing to companies contributing to protect
terrestrial and marine biodiversity(9) ..............................................................................

€1.8bn(10)€4bnNumber of beneficiaries of products and services
supporting financial inclusion(7) ........................................................................................

Our environmental responsibility(1)

Greenhouse gas emissions in teq CO2
per FTE (buildings and business travel)(11) ....................................................................

Short-term/long-term ratings

Fitch
Stable outlook
13 September 2022

A-1 / A+
F1+ / AA-

Moody's
Stable outlook
5 July 2022

DBRS
Stable outlook
28 June 2022

(1) Common Equity Tier 1 (CET1), fully loaded Basel 3. Solvency ratio. Capital Requirements Directive (CRD 5).

1 million(over two rolling years)

Our civic responsibility€50.4bn

Standard & Poor's
Stable outlook
25 April 2022

1,126,142(in 2021 and 2022)

Share of employees who completed at least four
training courses during the year(6)...................................................................................

(Figures as of 31/12/2022)€200bnP-1 / Aa3
R-1 (Middle) /AA (Low)

1.65teq
CO2 / FTE

1.85teq
CO2 / FTE

(1) Amount of loans at the end of 2022, drawn and undrawn, identified as “sustainable” by an internal classification system, granted by BNP Paribas to its customers. The
Group’s transaction classification principles are based on external market standards such as those of the Loan Market Association and the European Taxonomy in Europe.
(2) Cumulative amount at the end of 2022 of all types of bonds identified as sustainable according to the guidelines of the International Capital Market Association (ICMA)
issued by corporate clients, financial institutions and sovereign clients, and arranged by BNP Paribas (total amount divided by the number of bookrunners). (3) Amount of assets
under management at the end of 2022 in open-ended funds of BNP Paribas Asset Management, distributed in Europe according to articles 8 and 9 of the European Sustainable
Finance Disclosure Regulation (SFDR). SFDR identifies funds according to their sustainability potential. The article 8 classification concerns funds declaring that social and/or
environmental criteria are taken into account. The article 9 classification means funds with a sustainable investment objective. (4) The Group’s Senior Management Position(SMP) population is composed of employees holding approximately 3,000 positions considered to have the most significant impact from a strategic, commercial, functionaland expertise point of view. The percentage is calculated on the basis of SMP positions occupied. (5) As part of the #1MillionHours2Help programme, including long-term skills
sponsorship, set up under the Diversity and Inclusion Agreement in France. (6) Including mandatory training, such as compliance. (7) Number of Nickel accounts opened andnumber of beneficiaries of microloans distributed by microfinance institutions financed by the Group (pro rata of the financing) at the end of December 2022. (8) Cumulative
amount at the end of 2022 of green loans, green bonds and financing identified as contributing to the transition to a low-carbon economy according to an internal classification
system (e.g. renewable energies, low-carbon hydrogen, nuclear). This amount covers part of the amounts of indicators 1 (sustainable loans) and 2 (sustainable bonds).
(9) Cumulative amount at the end of 2022 of financial products and services (loans, bonds, etc.) contributing to the protection of terrestrial and marine biodiversity. The contribution
to the protection of biodiversity is identified by an internal classification system. This amount covers part of the amounts of indicators 1 (sustainable loans) and 2 (sustainablebonds). (10) The 2022 amount is estimated for the bond portion and will be provided in 2023, when the real amounts from the allocation reports for the bonds are known.
(11) Greenhouse gas emissions for scope 1 (direct emissions from the combustion of fossil fuels), scope 2 (indirect emissions from the purchasing of energy) and, for apart of scope 3 (emissions related to employee business travel), expressed in teq CO2 divided by the number of full-time equivalent (FTE) Group employees. In 2022, thelevel of greenhouse gas emissions per employee in the Bank’s operational scope is particularly low in a context of a limited recovery in business travel by plane. However,in the context of the current energy crisis, this indicator could be impacted upwards by a higher-carbon energy mix in certain countries in which the Group operates.

24

25

Our

philanthropy
and sponsorship→

Partnerships
over timeThrough its sponsorship activities,
BNP Paribas remains faithful to the historical partnerships that link it to theworld of tennis and cinema.

commitments

Tennis→Global-scale
philanthropy
In all countries in which we do business,
the Group manages its philanthropic
initiatives around three fields of action:solidarity, environment and culture.
Through its philanthropic activities,
BNP Paribas promotes equal opportunities,
fights job insecurity among young people
and women, and helps integrate refugees
in Europe. Through its Foundation, it also
supports scientific research on interactions
between climate and biodiversity. And
it contributes to cultural creation andtransmission.

13.1%

Culture(2)

14.9%

Environment
(2)

72%

Solidarity(2)€74.12m(1)2022 BNP Paribas
annual Philanthropy
budget(1) including an exceptional €15.12m dedicated to support for
Ukraine (2) Excluding the support for Ukraine.

12 foundations andendowments funds
serving general interest
The BNP Paribas Foundation leads andcoordinates the development of the
BNP Paribas Group’s philanthropy whereverthe Bank is present, and in particularthrough its Rescue & Recover Fund and its
foundations abroad: Fundaçao Cultural
BNP Paribas (Brazil), BNP Paribas Stiftung(Germany), BNP Paribas India Foundation,
BNP Paribas Foundation (Switzerland),BNP Paribas Fortis Foundation (Belgium),
Fondazione BNL (Italy), Cetelem Foundation(France), Alphonse Weicker Foundation(Luxembourg), BMCI Foundation (Morocco),
Fundacja BNP Paribas (Poland).
The Rescue & Recover Fund helps provide
a rapid response to humanitarian orenvironmental disasters worldwide. The
fund collects donations from BNP Paribas
employees, commercial banking customers in France, and the Group’s retired
employees. BNP Paribas matches their
donations to back the actions of its four
partner NGOs: Doctors without Borders(MSF — Médecins Sans Frontières), Care,the French Red Cross and Ifaw.

For 50 years, BNP Paribas has supported
tennis, with which it shares the valuesof fair play, reactivity and performance.
The Group is now a major partner in global
tennis, through a historic commitment anda unique loyalty that has lasted since 1973
and applies to all levels of tennis practicethroughout the world: singles, doubles,
wheelchair tennis, team, family, amateur,
university; from learning to the largest
professional tournaments.
BNP Paribas has been working for several
years to set up a more committed andresponsible sponsorship, by supporting
positive impact programmes that promoteequal opportunities and the inclusion ofyoung people.

Since 2018, BNP Paribas has also contributed to the rise of top-level tennis
and is committed to working with theyounger generation to reveal and support
the champions of tomorrow.

CinemaFor more than 100 years, BNP Paribas
has forged strong links with European
cinema, becoming the leading Europeanbank for financing cinema.
Present throughout the value chain, theGroup’s support for the world of cinema
is structured around three axes:• financing audiovisual production andsupporting the next generation offilmmakers;• supporting the film industry throughour film and festival partnerships andinvitations of more than 60,000 people
a year to screenings;• promoting film projects with a positive
impact, to raise public awarenessabout our areas of commitment, suchas diversity and inclusion, youth orclimate change.

For more information
2022 INTEGRATED REPORT

at scale
Solutions

Discoverthe BNP Paribas group

Ref.: A_2022_EN_RI

2022 Integrated Reportfor a sustainable world

25/05/2023 10:42

See
the 2022 Integrated Report

Design and publishing:– Graphic design, layout and production:– Content:

Photos credits: Getty Images / Tang Ming Tung - Adobe Stock / Ekaterina Belova - Getty Images / Giorgio
Rubino / EyeEm - Getty Images / Witthaya Prasongsin - Getty Images / Anh Vu Nguyen / EyeEm - Gilles
Bassignac / Divergence - Damien Grenon - BNP Paribas - Lionel Guericolas / Agence 1827 - Getty Images /Tom Werner - Margherita Nuti - Adobe Stock / Alexander - Roland-Garros 2022.

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BNP Paribas
Head office: 16, boulevard des Italiens
75009 Paris (France)
Tel.: +33 (0)1 40 14 45 46

Ref.: A_2022_EN_BR

Public Limited Company (société anonyme)
with a capital of 2,468,663,292 euros
RCS Paris 662 042 449