BMCI is organizing the 1st edition of the Sustainable Funding Forum

In order to promote sustainable funding, BMCI is organizing the Sustainable Funding Forum in its first edition in Morocco, on Wednesday, June 15, 2022, in Rabat. The Deputy Head of BNP Paribas International Retail Banking and the Head of the Euro-Mediterranean Region Francois Benaroya, as well as the Chairman of the Board of BMCI Philippe Dumel, invite several important Moroccan economic players involved in the energy sector. transition, health, women’s and positive impact on entrepreneurship and financial integration to discuss their vision of sustainable and responsible growth.

Today, as never before, the world is facing serious environmental and social challenges, in particular climate change, which can be catastrophic in the absence of clear, concrete and sufficient action. In addition, Morocco also faces various problems related to education, health care, water … Aware of these problems, Morocco is committed to global efforts to implement the requirements of the Paris Agreement and implement 17 Sustainable Development Goals Agenda 2030. Several local initiatives and strategic plans can be mentioned, such as the National Strategy for Sustainable Development (SNDD), the National Climate Plan 2030 (PCN) or the New Development Model.

In this regard, the financial sector can play an important role in a cleaner and more inclusive economy, by focusing on its financing and by developing solutions and investment products that reconcile impact and performance to promote a more sustainable and inclusive economy. The financial sector plays a crucial role through stable financing, which ensures the ecological transition of customers and the transition to a fairer model.

Thus, BNP Paribas Group strives to become a leader in the field of stable financing, backed by the belief that no one really wins in a losing world. The Group seeks to reconcile its greenhouse gas emissions with the trajectory needed to finance a carbon-neutral world in 2050. In the same vein, BMCI puts sustainable funding at the heart of its strategic plan for 2022-2025 and identifies 3 priority areas for intervention: energy transition, positive entrepreneurship and financial inclusion. In addition, BMCI supports its clients in implementing best practices in the field of environment, social and governance (ESG) through the implementation of sectoral policies that establish rules for intervention in certain sensitive sectors. This policy includes environmental and social criteria for financing and investment decisions in high-risk sectors: deforestation, water management, CO2 emissions, waste management.

To achieve these ambitions, BMCI is implementing a number of essential conditions in line with the firm will of the BNP Paribas Group in this area:

  •  Establishment of a special department with the creation of a Commitment Department, which oversees the development of our social and environmental responsibility and manages the activities of the BMCI Foundation;
  •  Setting targets for the direct impact of the bank’s proper functioning (greenhouse gas emissions related to our buildings and travel, electricity, water, paper and waste management), as well as indirect impacts through our financial portfolio ( Liabilities and NBI related to “green” loans,
  •  Training and awareness raising of our employees through an internal training program on social and environmental issues and sustainable funding;
  •  Ongoing dialogue with all stakeholders to best meet their priorities.

    The Sustainable Financing Forum aims to be an annual meeting that will satisfy Bank Al-Maghrib’s desire to create a stable and stable financial system in the Moroccan market, as well as a new and strong need for support from citizens.

    The Sustainable Funding Forum provides a selection of speakers and moderators, including professionals from different fields and different backgrounds, to share their experiences and achievements in terms of sustainable financing through 3 main panels:

  • – ESG funding: expectations and challenges for Morocco.
  • – Health care financing, what are the problems and what are the solutions?
  • – Supporting the positive impact of entrepreneurship: barriers and opportunities, from incubation to the emergence of economic agents of change.