As the Latin American insurance market undergoes rapid digitalisation, BNP Paribas Cardif is leading the way with its new Insurance Distribution Platform (IDP). Designed for agility, speed, and scalability, IDP is already transforming the way insurance is distributed across the region. From banking and consumer finance to retail and automotive industries, the platform empowers BNP Paribas Cardif’s partners to deploy customised insurance solutions with unprecedented speed and ease.

Pierre-Henri Zoller, Deputy CEO of BNP Paribas Cardif in Latin America, gives his view on the way IDP works, its impact, and the ambitious vision of insurance-as-a-service behind it.

What exactly is IDP, and why is it such a significant innovation?

Pierre-Henri Zoller:
Our distribution platform IDP represents a radical shift towards Insurance-as-a-Service. It’s a fully modular, API-first platform that integrates effortlessly with our distribution partners’ digital ecosystems. What makes it truly innovative is the speed and flexibility it offers. Launch timelines have moved from several months to just a few weeks and that’s a game-changer in a fast-moving market like Latin America.

Beyond technology, IDP also changes the way we think about partnerships. It gives our partners the right tools to tailor insurance offers to their needs, to manage claims, to monitor performance, and optimise the entire journey of their customers in real time—all within a single, unified platform.

What makes this platform stand out compared to traditional distribution insurance schemes?

Pierre-Henri Zoller:
Actually, two things: scalability and end-to-end integration. With IDP, we cover the entire insurance lifecycle—pre-sales, sales, after-sales, and claims management. And we do it in a way that’s completely transparent, thanks to real-time dashboards and data insights. It’s not just about simplifying processes, it’s about giving our partners complete control over the products and visibility.

We also designed it to be easily understandable and usable, true to our mission to make insurance more accessible. Whether our partner is a bank, a fintech, an automotive group, or a retailer, the platform adapts to their requirements. And because IDP is modular, we can roll out just the pieces our partners need, when they need them.

What products does IDP support, and how does it help BNP Paribas Cardif’s partners stand out?

Pierre-Henri Zoller:
The platform supports a wide range of products: creditor protection insurance (CPI), life, health, property & casualty, and home insurance. But what is truly differentiating is that it gives our partners the ability to launch and adapt products quickly. That is where lies its real value.

We provide ready-to-use templates and pre-configured APIs, so even complex insurance products can be deployed fast, without heavy development work. This helps our partners remain agile, test new offerings, and fine-tune them based on real-time feedback.

How has IDP performed in real-life deployments?

Pierre-Henri Zoller:
Our pilot in Colombia was extremely promising. We managed to integrate seamlessly with local IT systems, which proved the platform’s agility and adaptability. It gave us a blueprint for regional expansion—and we are now actively rolling it out in Mexico, Chile, Brazil, and Peru.

We have already observed efficiency gains, faster time-to-market, and better alignment with customer expectations. It also had a positive impact on compliance and data governance, thanks to its built-in monitoring tools.

What does the future look like for IDP in Latin America?

Pierre-Henri Zoller:
By 2026, we plan to make IDP the backbone of our insurance distribution across the region. It’s not just a tool,it’s a strategic enabler. It helps our partners accelerate their digital transformation, improves customer satisfaction, and strengthens our position as a leading digital player. In a landscape where agility defines success, IDP enables us all to stay ahead of the curve.

BNP Paribas Cardif has taken a major step to improve access to credit for people who have successfully fought prostate, testicular or breast cancer. These people can now take out credit protector insurance (CPI) when they purchase real estate, and for either personal or professional use, without any premiums surcharge or exclusionary clauses, and without having to wait for the end of the five-year waiting period stipulated in France’s “droit à l’oubli” (“right to be forgotten”) legislation.

Nearly 550,000 men in France were covered by the national health insurance system in 2021 following a diagnosis of prostate cancer – the most common cancer among men, accounting for 25% of male cancers. Testicular cancer mainly affects men aged 15 to 45 , while breast cancer represents 33% of female cancers.

Given this situation, BNP Paribas Cardif is facilitating access to property loans, ensuring that people who have completed active cancer treatment and do not have any other medical condition can benefit from standard insurance rates for loans of up to one million euros, without any extra premiums or exclusions. This measure is applicable for all creditor insurance policies distributed in France for the acquisition of real estate and for either personal or professional use.

Creditor insurance strengthens customer protection by guaranteeing the repayment of monthly loan instalments if the borrower is obliged to take sick leave. This insurance also covers repayment of outstanding loan principal in the event of death, disability, work incapacity and/or loss of employment. BNP Paribas Cardif is pursuing its mission of making insurance more accessible by going beyond the recommendations of the AREAS agreement on insurance coverage for people with serious or aggravated health risk to better support its policyholders in the face of life contingencies.

For more than 15 years, the insurer has regularly taken medical advances into account and introduced concrete changes that simplify access to creditor insurance. These measures have already been implemented for people suffering from asthma, Parkinson’s disease, gestational diabetes, paraplegia, tetraplegia and inflammatory bowel disease (IBD) such as Crohn’s disease or ulcerative colitis. In December 2024, terms for improved access to borrower insurance were also extended to people living with HIV whose viral load is undetectable at the time of insurance subscription.

“Our priority has for many years been to provide better coverage for our customers and protect them against unexpected life events, while helping them pursue plans for real estate purchases. After recently making it easier to obtain borrower insurance for people with inflammatory bowel disease or people living with HIV whose viral load is undetectable, we are marking further progress today. Our new measures enable people who have had prostate, testicular or breast cancer and who have completed their therapeutic protocol to take out insurance without additional premiums or exclusionary clauses. We’re extremely proud of this significant step forward,” says Fabrice Bagne, BNP Paribas Cardif Deputy Chief Executive Officer, France.

 The Innovation Ambassadors program counting 84 innovative projects submitted from 24 countries worldwide in 2024, shows that innovation can be found everywhere at BNP Paribas Cardif. Discover how BNP Paribas Cardif, in partnership with Orange, enables the processing of claims for phone damage and oxidation in just a few seconds. 

Introduce yourself briefly: country, division, main tasks, personal interests outside the company (e.g., leisure and hobbies)

My name is Tom Thiberge and I’ve been working for BNP Paribas Cardif for 10 years now, having started here on a work-study programme. A few months ago, I joined Karapass, a subsidiary specialising in affinity insurance products, where I manage a data team. My role is to develop and promote our data services and analytics offer from an operational perspective, while steering Karapass towards a resolutely AI-driven approach, meaning an approach where AI plays a central role in decision-making, automation and process optimisation. 

Outside work, I love making pizza and I’m a football fan, a fervent supporter of AS Monaco.

Tell us about your project: its main focus, what is its about, how it came about, and what it will bring to BNP Paribas Cardif. 

Because phones are so central to our lives, we had to offer our customers an immediate solution in the event of a claim. Thanks to AI, we have reduced claims acceptance times from an average of two hours to just a few seconds. Responding in less than five seconds is not only a technological feat, but also a powerful lever for increasing customer satisfaction.

This innovation is based on a score calculated by AI using data from the claim report and the applicant’s history. It allows claims related to broken or oxidised phones to be accepted in a matter of seconds, for fast processing even in the evening or at the weekend.  For more complex claims that cannot be handled by AI, policyholders are automatically redirected toward the traditional process with specialised claims managers. Customers can also choose to be assisted by a claims manager and forgo the automatic approval process.

Implementing this solution in collaboration with our partner Orange illustrates our shared desire to offer an optimal customer experience by providing immediate and effective responses at every stage of the process.

Our determination to be a market maker in the affinity insurance sector is reflected in this solution, which creates value at every level: for our customers, our partners, our employees and for the group.

What did you find most striking/surprising during this project (perhaps you have an anecdote to tell us)? 

The ability to meet our commitments in a very short space of time, despite a dense roadmap. This was made possible by our teams of experts and their exceptional commitment. The success of the project is also due to the commitment of our employees, who have gone beyond the scope of their jobs to ensure that it was successful.

What advice would you give to employees who also want to innovate? 

It is essential for employees to be proactive and able to connect their area of expertise to the industrial processes that have to be integrated. We must always ask ourselves the question of what is the added value of innovation and then provide a concrete answer.

For a project to be successful, I think three essential success factors need to be in place:

•    Innovation must be part of an industrialisable process and provide clearly measurable value, especially for the core business.
•    Teams must be aligned from the design to the delivery stage, and effective, regular exchanges must take place with the sponsor and/or decision-maker.
•    Stakeholders must be committed to delivering a solution.

In January and October 2024, the 8th and 9th editions of the International Analytics Manager Academy (AMA) were held, bringing together 36 new BNP Paribas Cardif participants from France, Europe and Latin America, with many profiles.

Founded in 2018, this ambitious and intensive training in Data Sciences is delivered in partnership with École Polytechnique, under the sponsorship of Stanislas Chevalet, Deputy Chief Executive Officer, Transformation & Development, and Michael de Toldi, Chief Analytics Officer. It’s one of the key measures to support BNP Paribas Cardif’s AI (Artificial Intelligence) transformation.

AMA aims to train our changemakers, leaders of today and of tomorrow, to help them spread the AI culture throughout the company and equip them to ask the right questions and make the right decisions. They can thus leverage AI to boost the creation of strategic value for our partners, customers and employees, serve operational efficiency and contribute to risk reduction.

To achieve these goals, AMA brings both a precise and rigorous understanding of AI, by diving into its technical fundamentals with the best experts at Ecole Polytechnique, and how we create value through AI, by exploring BNP Paribas Cardif’s AI ecosystem with our in-house experts.

In total, more than 140 managers, top managers, talents and key actors of our AI ecosystem, have already been trained in all these subjects thanks to this excellence program between BNP Paribas Cardif and Ecole Polytechnique Executive Education.

Congratulations to all participants for their efforts and proactivity and also to all the employees who contributed to these editions by organizing conferences and sharing their expertise and experiences.

The Analytics Manager Academy will be back for a 10th edition!

• BNP Paribas Cardif is making it easier for people living with HIV to obtain insurance. 
• The insurer continues to facilitate access to insurance coverage, taking into account the latest advances in HIV treatments.
• This initiative is part of a comprehensive approach taken by BNP Paribas Cardif for more than 15 years, embodying its commitment to provide insurance coverage for vulnerable segments of the population under optimal conditions. 

BNP Paribas Cardif, a major player in creditor insurance, has announced that, effective 1 December 2024, its creditor insurance policies sold in France will be accessible to people living with HIV  who are on treatment, without any premium surcharge or exclusions. Eligibility applies for people whose viral load is undetectable when they subscribe the insurance coverage and for loans of up to one million euros. 

To mark World AIDS Day, BNP Paribas Cardif reaffirms its commitment to more inclusive insurance coverage, announcing a major advance that facilitates access to creditor insurance for people living with HIV in France. 

Creditor insurance guarantees repayment of a loan in the case of death, disability, incapacity to work and/or job loss. Strengthening protection for borrowers in France, regardless of their health status, is essential. For more than 15 years BNP Paribas Cardif has demonstrated an active commitment to making insurance more accessible, simpler and easier to understand thanks to products and coverage options that reflect the actual situations of policyholders who suffer from certain pathologies. This approach, which is based on taking the latest medical advances into account, has already led to concrete measures that make it easier to obtain creditor insurance for people who suffer from asthma, Parkinson’s disease, gestational diabetes or tetraplegia, for example. In 2023, this same approach was introduced to benefit people with inflammatory bowel diseases (IBD) such as Crohn’s disease and ulcerative colitis.

In France, some 180,000 people  currently live with HIV. Many of them face a host of hurdles when they try to obtain creditor insurance. To address this situation, BNP Paribas Cardif is announcing a change in its fee policy: effective 1 December 2024, people living with HIV who are on treatment and whose viral load is undetectable at the time they take out the creditor insurance will benefit from fees without premium surcharges or exclusions for loans of up to one million euros . In France in 2021, 93% of people who have been diagnosed with HIV and are treated with antiretroviral therapy, had an undetectable viral load .

This initiative goes beyond the criteria set by the AERAS agreement to further facilitate access to creditor insurance for people living with HIV who receive regular treatment, which in particular prevents transmission of the disease and protects the immune system achieving an undetectable viral load. 
The AREAS agreement, which ensures that people living with HIV can obtain insurance at standard fees, currently includes the following stipulations:

• An undetectable viral load one year after the beginning of treatment; 
• A CD4 count ≥ 500/mm3 and an undetectable viral load in the 12 months prior to the insurance subscription; 
• The duration between the beginning of treatment and the end of the creditor insurance policy may not exceed 35 years;
• A maximum loan coverage term capped at 25 years.

To enable someone living with HIV to pursue their life plans and enjoy broad access to creditor insurance without any premium surcharge or exclusions, BNP Paribas Cardif is simplifying eligibility criteria, retaining only undetectable viral load at the time the insurance policy is subscribed, applicable for loans of up to one million euros. 

Thanks to this initiative, BNP Paribas Cardif continues its mission of making insurance more accessible by proposing simpler and more inclusive solutions that better support its policyholders. 

The Innovation Ambassadors program, counting 84 innovative projects submitted from 24 countries worldwide in 2024, shows that innovation can be found everywhere at BNP Paribas Cardif! 
Learn more about how BNP Paribas Cardif in Brazil has cracked into a new CPI market, offering affordable credit protection for elderly customers who want to carry out their projects, and ultimately making insurance more accessible.

Introduce yourself briefly: country, division, main tasks, personal interests outside the company (e.g., leisure and hobbies)

I’m Luciano Benicio, Commercial Director for Banks at BNP Paribas Cardif in Brazil. My responsibility is to win new partnerships in this sector and develop existing ones, like BRB (Regional Bank of Brasilia) and digital banks such Neon and PagBank. 

Outside of BNP Paribas Cardif I practice running and like all Brazilians, I´m passionate about football, and follow Flamengo, the biggest and most famous team in Brazil.. I also like to read and study topics related to economics, demographics and behavioral finance. Finally, I really like to watch movies and go to the beach with my family.

Tell us about your project: its main focus, what is is about, how it came about, and what it will bring to BNP Paribas Cardif. 

Well, the initiative is basically the increase of the age limit for CPI from 70 years old to 80 years old in BRB (Regional Bank of Brasilia).  Iin Brazil it´s really new and innovative.
Since the beginning of the operation in 2023, we have been discussing opportunities beyond what was already planned in the Business Plan. One of the opportunities identified was when they showed us a relevant part of their credits were given to the clients 70+, which were not protected by the previous insurer. 

We very quickly evaluated the opportunity, including using fresh information from our new demographic census (2022), where the aging nature of our population is made perfectly clear.
Besides, we negotiated with BRB that we would just approve the product with less commission, considering the inevitable raise of client value. So, for this product, we reduced commission at the same rate we were expecting the client value increase.

We had a lot of benefits: GWP increase; on top of what was planned on the BP. Moreover, the product is a perfect example of our culture, based on making insurance more accessible and with higher Client Value. Finally, we´ve just started to spread this initiative to other partners. 

What did you find most striking/surprising during this project (perhaps you have an anecdote to tell us)?

I would like to underline the importance of diving into the partner’s business—this case was a great example. BNP Paribas Cardif is in São Paulo, but BRB’s headquarters is in our capital Brasília (1000 km away). In 2023, I actually spent more days inside the BRB office than in São Paulo!

I’m always visiting branches and talking to managers, holding meetings with teams from different areas and looking for opportunities to improve and grow the business. In one of these meetings with the lending team, they made a comment about the volume of loans for people 70+ and that they were made without CPI. 

They brought up this point with little hope that Cardif would take up the challenge of protecting these operations. However, I brought the opportunity to Cardif and in less than 90 days the product was implemented. 

The bank was impressed with Cardif’s agility, and this is a clear case that shows how proximity and investigation always generates new opportunities.

What advice would you give to employees who also want to innovate? 

Innovation requires courage, resilience, a good communication strategy and strong arguments to convince others. That’s why we must be even deeper in the analysis of facts and data to build an innovative solution. 

That´s why I really like to ask questions to data. With well-structured questions, data takes great pleasure in bringing us good answers. After all, it is questions that move the world and transform it continuously.

Finally, this answer reminds me of two of my favorite books that exemplify the way I think about Innovation that could inspire our community: Originals – How Non-Conformists Move the Rooms (Adam Grant) and Fact Fullness – Ten Reason We´re Wrong About the World (Hans Rosling)

BNP Paribas Cardif pursues commitments to align investment portfolios with carbon neutral trajectory by 2050 and reports on 2023 progress 

BNP Paribas Cardif pursues commitments to align investment portfolios with carbon neutral trajectory by 2050 and reports on 2023 progress 

With regards to the reduction of the carbon footprint of its investment portfolios and its contribution to alignment with the objectives of the Paris Agreement, BNP Paribas Cardif has committed to:

Reduce the carbon emissions footprint (Scopes 1 and 2¹) of its directly held equity and bond portfolios by at least 23% between end 2020 and the end of 2024.

At the end of 2023 the carbon footprint of this portfolio continued to significantly decline, reaching 31 tCO2 per million euros invested, representing a reduction of 51% compared with end 2020.

The reduction recorded between 2022 and 2023 was due in particular to more precise modelling of carbon emissions data by companies within different sectors by the data provider , in particular transformation and electricity distribution².

Source : S&P Trucost Market Intelligence

Reduce the carbon intensity (scopes 1 and 2³)  of directly owned office properties by at least 12% between 2020 and 2030.

At the end of 2023, carbon intensity continued to decrease, reaching 9.5 kgCO2e/m²/year, representing a decrease of 23% compared with end 2020.

The reduction of carbon intensity was significant in 2023. This was due in part to energy efficiency campaigns for buildings, leading to a reduction in energy consumption, and to a downward revision of carbon emission factors associated with electricity.

Source : Internal Data and BNP Paribas Real Estate Property Management

BNP Paribas Cardif has made a commitment to reduce the exposure of its investment portfolios (directly held equity and bond portfolios) to industries with the highest levels of greenhouse gas emissions, in application of BNP Paribas Group sector exclusions. This will lead to a definitive exit from the thermal coal value chain by 2030 for EU and OECD countries, and by 2040 in the rest of the world.

The trajectory of BNP Paribas Cardif’s investment portfolios is in line with the expected agenda.

BNP Paribas Cardif has also made a commitment to reduce the carbon intensity of its investment portfolios linked to power generation. The target is to achieve an emission intensity of under 125 gCO2/kWh by the end of 2024 for power generation activities held directly in equity and bond portfolios. This target is aligned with the Net Zero Emissions scenario developed by the International Energy Agency (IEA) for power generation.

At the end of 2023, carbon intensity continued to decline, reaching 121 gCO2/kWh. 

This reduction for the emission intensity of power generation activities in the portfolio was due primarily to an increase in the share of green bonds in this sector⁴.

Source : Asset Impact⁵ and International Energy Agency

BNP Paribas Cardif also continued to make investments with a positive impact on the environment and will allocate at least 800 million euros by 2025 to investments that contribute to the energy transition and initiatives with an environmental theme. This commitment encompasses investments in sectors that involve environmental protection, including the energy transition, energy efficiency, waste recycling and the preservation of biodiversity. 

In 2023, BNP Paribas Cardif allocated 1.1 billion euros to investments that contribute to the energy transition and initiatives with an environmental theme, notably through financing via green bonds.

Finally, BNP Paribas Cardif continued its shareholder engagement with some of the companies identified by the Climate Action 100+ initiative as the most emitting. This initiative, joined by the insurer in October 2021, is part of the BNP Paribas Group’s climate strategy and BNP Paribas Cardif’s responsible approach. 

¹ As there is currently no standard methodology for measurement of Scope 3 emissions,  BNP Paribas Cardif places priority on implementing Scope 1 and 2 objectives to align with the Alliance, while continuing to measure and assess the impact of its investment portfolios across all three scopes.
² S&P Trucost Market Intelligence
³ Reduction of carbon intensity of office properties also includes the electricity, heating and air-conditioning consumption of tenants.
⁴ Green bonds issued by electricity producers are used in particular to fund the creation of renewable energy capacity. During power generation (Scope 1), renewable energies do not emit greenhouse gases. In the calculation methodology, these green bonds benefit from a 90% ‘discount’ on the issuer’s carbon intensity.
⁵ Asset Impact | Asset-based data solutions for climate action (gresb.com)

BNP Paribas Cardif has been present at the ChangeNOW 2024 edition. The event took place over three days, from 25 to 27 March, bringing together innovative solutions and influential change-makers who are tackling our planet’s greatest challenges to take action together. ChangeNOW builds bridges and creates opportunities for thousands of key agents of change, as part of an inspiring event focused on action. 

The event featured exhibitions, conferences, workshops and an LEX (Learning Expedition Tour), addressing subjects such as biodiversity, the sustainable transition and the development of innovative initiatives for the common good. 

Antoine Sire, Head of Company Engagement at BNP Paribas, took the floor during the session on “Financing the transition: Can we still make the shift?”

Nathalie Doré, Head of Impact and Innovation at BNP Paribas Cardif, took part in the conference entitled “How can large corporations effectively support impact start-ups?” This initiative has enabled these start-ups to make their voices heard and thus identify their needs and the ways in which major groups can support them. Beem Energy, a French start-up that produces its own energy and that has received support from BNP Paribas Cardif via the C. Entrepreneurs Fund with Cathay Innovation, was also present at the conference. 

Shemine Asmina, Venture Capital Lead, Europe and Latin America, was on the jury of the panel tackling the subject of “Health”.

To find out more about BNP Paribas Cardif‘s actions  to have a positive impact on the environment and society, visit our CSR page.

Committed to providing the best possible support to the most vulnerable people, BNP Paribas Cardif launched in 2023 a Social Action Fund intended to its clients who are in a situation of fragility.

Who is this aid for?

The Social Action Fund is an exceptional financial aid reserved for insured customers who have subscribed to a loan insurance contract or a protection insurance contract (death, incapacity, disability) and who find themselves in a fragile situation.

In the case of a rare disease, this assistance may also be granted to the insured’s spouse or child, if it turns out that it is one or the other who is affected (and not the insured him/herself). 

What are the benefits of the Social Action Fund?

This exceptional financial assistance can take two forms:

• Payment of a lump sum in the event of a claim or serious event not covered by the policy’s guarantees.
• Payment of various expenses related to the insured’s situation: travel and accommodation costs for dedicated medical centers, costs related to the purchase of a medical device, psychological support, assistance in returning to work, or in the case of a child suffering from a rare disease, partial payment of the expenses related to a personal educational assistant, etc.

How does it work?

Benefits are granted by the decision of the Social Action Fund Commission, which meets once a month. Decisions are discretionary, taken on a case-by-case basis after examining the file and the insured’s personal situation. Financial assistance is granted only once in the life of the contract.

To apply for this aid, the client will log on to the Cardif.fr page, complete the application and provide the documents proving the state of fragility. 
 

• New fund benefits from synergies of BNP Paribas’ diversified model: close collaboration between BNP Paribas Asset Management, BNP Paribas Corporate & Institutional Banking and BNP Paribas Cardif.
• Complementary expertise combines to offer comprehensive financing solution to projects and players involved in energy transition and climate change mitigation.
• Fund aims to support energy transition projects across continental Europe; EUR 500-750m targeted from institutional investors, three investments already secured.

BNP Paribas announces the launch of BNP Paribas Climate Impact Infrastructure Debt, an initiative supported by the aligned commitments of BNP Paribas Asset Management (‘BNPP AM’), BNP Paribas Corporate & Institutional Banking (‘BNPP CIB’) and BNP Paribas Cardif to finance climate change mitigation.

Managed by BNPP AM’s Private Assets division, BNP Paribas Climate Impact Infrastructure Debt is structured as a Luxembourg Reserved Alternative Investment Fund (‘RAIF’) and classified as Article 9 under SFDR.  The fund is targeting EUR 500-750 million from institutional investors, including BNP Paribas Cardif’s seeding commitment. It will have an investment grade profile and is expected to allocate to transactions in continental European countries, supporting energy transition projects that are in line with its investment philosophy by focusing on renewable energy, clean mobility and the circular economy, including new sectors such as batteries, hydrogen and carbon capture.

Three investments have already been secured for the fund, with financing for a low-carbon energy producer, a green-sourced district heating platform and a portfolio of onshore wind farms.

The collaboration within the BNP Paribas Group will ensure unique and scalable origination from both the wider market and internal origination teams. Sourcing capability will benefit from the market-leading origination capabilities of BNP Paribas CIB’s Low Carbon Transition Group, with more than 200 dedicated investment professionals advising on and originating low carbon assets and an annual global origination in excess of EUR 20 billion, together with BNPP AM’s track record of investment in infrastructure and sustainable finance.

Karen Azoulay, Head of Real Assets at BNPP AM Private Assets, comments:
“Since the establishment of our Private Assets investment division, environmental solutions have been a key strategic focus.  The launch of Climate Impact Infrastructure Debt confirms this and marks a significant step forward in our ongoing efforts to support financing the transition to a low carbon economy and offering our clients BNP Paribas’ unique origination capacity within this asset class.”

Olivier Hereil, Deputy CEO for Asset Management at BNP Paribas Cardif, comments:
“As a responsible investor, we are proud to collaborate on the launch of Climate Impact Infrastructure Debt. Echoing BNP Paribas Group’s energy transition policy, our conviction at BNP Paribas Cardif is that it is essential to manage policyholders’ savings with a long-term perspective by combining financial performance with a positive impact on society.  This new investment is part of our commitment to allocate an average of EUR 1 billion per year to positive impact investments by the end of 2025.”

Khoi Anh Berger Luong, Head of Real Assets for EMEA at BNP Paribas CIB, comments:
“Benefiting from our powerful integrated bank model, this new fund is further evidence of our accelerating low carbon expertise buildout in support of our corporate clients.  It offers a differentiated strategy to financial institutional investors to deploy their capital in the transition of the real economy.”

Séverine Mateo, Global Head of BNP Paribas’ Low-Carbon Transition Group, comments:
“Combining BNP Paribas’ origination, distribution and investment capabilities within low carbon transition is perfectly aligned with the Group’s strategy to accelerate the transition to a lower carbon and more sustainable economy.