Moroccan Bank of Commerce and Industry: BMCI ORGANISES FIRST ISSUE OF SUSTAINABLE FINANCE FORUM

07/12/2022

BMCI reaffirms its desire to be the Moroccan leader in sustainable finance and organizes the first edition of the Sustainable Finance Forum in Rabat on Wednesday, June 15, 2022.

With the aim of promoting sustainable finance, BMCI is organizing the Sustainable Finance Forum on Wednesday 15 June 2022 in Rabat, Morocco in its first edition. François Benaroy, Deputy Head of International Retail Banking and Head of Europe-Mediterranean Division of BNP Paribas, as well as Philippe Dumel, Chairman of the Board of BMCI, invite several important Moroccan economic players involved in the energy sectors on this occasion. transition, health, women and positive impact entrepreneurship and financial inclusion, to discuss a vision of sustainable and responsible growth.

Today, more than ever, the world is facing major environmental and social challenges, especially those related to climate change, and the consequences can be catastrophic if clear, concrete and sufficient measures are not taken. In addition, Morocco also faces various problems related to education, health, water… Aware of these issues, Morocco is committed to global efforts to implement the requirements of the Paris Agreement and 17 Sustainable Development Goals 2030 Agenda. National Strategy for Sustainable Development (SNSD), A number of local initiatives and strategic plans can be cited, such as the National Climate Plan 2030 (PCN) or the New Model of Development.

In this regard, the financial sector is in a position to play an important role for a greener and more inclusive economy by guiding its financing and designing investment solutions and products. sustainable and inclusive economy. The financial sector plays an important role through sustainable finance that enables customers to transition ecologically and to a more equitable model.

As such, BNP Paribas Group aims to be a leader in sustainable finance, underpinned by the belief that no one truly wins in a losing world. The Group is committed to aligning greenhouse gas emissions from lending activities to the trajectory required to finance a carbon-neutral world in 2050. Likewise, BMCI puts sustainable finance at the center of its 2022-2025 strategic plan and has identified 3 priority areas of intervention: Energy Transition, Positive Impact Entrepreneurship and Financial Inclusion. In addition, BMCI supports its clients in adopting Environmental, Social and Governance (ESG) best practices by implementing sectoral policies that lay down rules for intervention in certain sensitive sectors. These policies include environmental and social criteria for financing and investment decisions in high-risk sectors: deforestation, water management, CO2 emissions, waste management.

In order to achieve these ambitions, BMCI implements a number of important conditions in line with the strong will of the BNP Paribas Group in this area:

  • Establishing special management with the establishment of the Commitment Department, which oversees the development of our social and environmental responsibility and leads the activities of the BMCI Foundation;

  • Setting goals in terms of direct impacts related to the proper functioning of the bank (greenhouse gas emissions related to our buildings and travel, consumption of electricity, water, paper and waste recycling), as well as indirect impacts through our financial portfolio (Commitments and NBI linked to “green” loans,

  • Training and awareness of our employees through an internal training program on social and environmental issues and sustainable finance;

  • Constant dialogue with all stakeholders to best meet their priorities.

The Sustainable Finance Forum aspires to be an annual meeting that will fulfill Bank Al-Maghrib’s desire to create a stable financial system in the Moroccan market, as well as the need for new and strong support expressed by the citizenry.

The Sustainable Finance Forum provides a selection of speakers and moderators from different sectors of activity and professionals from different backgrounds to share their experiences and achievements in Sustainable Finance through 3 main panels:

  • ESG financing: Prospects and challenges for Morocco.
  • Health financing, what problems and what solutions?
  • Supporting positive impact entrepreneurship: barriers and opportunities from incubation to creating economic agents of change.

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