From the start of the Covid-19 pandemic, BNP Paribas has been striving to ensure the continuity of its bank- ing business lines and to help all its customers to cope with the current economic crisis. However, in addi-
tion to this primary mission, and in accordance with the values set out in its corporate responsibility and philanthropy policy, the Group is also strongly committed to supporting those who have been most affected by this crisis.
The key elements of the emergency plan
Above all, this health crisis has been a test of humani- ty which has hit the most vulnerable people in society the hardest, which is why an extensive emergency support plan worth 55 mil- lion has been rolled out, focusing on three areas: health, solidarity and education. BNP Paribas Group s long-established expertise in the field, gained in particular through its foundations, has enabled it to work in collaboration with partner associations in order to develop the best possible plan of action. To date, Covid-19 special emergency aid has been provided to some thirty countries. The methods for allocation of this aid have been adapted to each local situation, with priority given to the hospital sector and research, as well as to the most vulnerable communities and disadvantaged young people who have felt the im- pact of the digital divide.
A RANGE OF MEASURES
The full range of available resources was immediately mobilised: donations in-kind, support for medical research, contri- butions to structures and associations, an international campaign for donations to the Emergency & Development internal endowment fund, which helps finance the NGO CARE s global programme to fight against the pandemic and for which contributions from employees are being matched 100% by the Group, worldwide employee volunteering schemes, mobilisation of skills, etc. BNP Paribas was one of the first major corporations in France to show its commitment, at the start of the pandemic, by providing European hospitals with three million masks, from its own stock.
The only viable solution to this health crisis is to take collective action. That is why we have put measures in place to support both our corporate and private customers. We must all show our support for the people who take care of us and, in particular, we must focus our efforts on helping those who find themselves in great difficulty due to the current situation. This is the aim of the emergency support plan that we are rolling out worldwide to benefit the most vulnerable hospitals and communities, based on the knowledge that in all the countries where BNP Paribas operates, our employees are committed members of civil society. Jean-Laurent Bonnafé, Director and Chief Executive Officer of BNP Paribas.
Covid-19, the commitment to corporate philanthropy