Guarantee professional ethics and good governance in full transparency with our entire value chain
All business lines
Europe
* Indicator set in 2020
All business lines
All countries
All business lines
Europe
- Conduct its business in compliance with laws and regulations and the highest ethical principles
- Maintain a high standard of honesty, quality and integrity
- Preserve the integrity of its activities as well as the trust of its partners, customers, prospects and suppliers
Ethics & Regulatory Compliance
Guarantee ethics and governance in full transparency with the entire value chain.
- To guarantee total transparency in our relations with our stakeholders, and our complete integrity, while respecting the ethical rules of our professions and the legislation in force.
- To protect the interests of our stakeholders by proposing the best solutions, those best adapted to their needs.
- Ensure the financial security of the activities and funds entrusted to us by our clients, in full compliance with the regulations in force.
- Fight against money laundering and the financing of terrorism.
- Prevent any risk of corruption and work to control any conflict of interest or insider trading.
Group
Group
Group
Ethics & Regulatory Compliance
BNP Paribas Group Code of Conduct
The BNP Paribas Group Code of Conduct is intended to provide employees with a framework for making decisions and taking actions based on professional expertise, integrity and deep ethical responsibility. Our Code of Conduct, given to each employee upon arrival, is intended to be used with personal judgment to ensure that its spirit is always respected.
The BNP Paribas Group Code of Conduct defines :
- Our mission and values: what we stand for and the key factors that inspire our actions and decisions
- Rules of Conduct: concrete rules shared and implemented by all employees, in line with our values and ethical standards
- The Code of Conduct in practice: clear guidelines and expectations for employees on how to apply the Code.
The principles of the Code of Conduct are shared by all employees and form the basis of the tools and processes we have in place to ensure ethics and compliance in all circumstances.
Financial security
Our financial security compliance procedures are extremely important to our operations and are designed to protect against money laundering, prevent corruption and terrorist financing, and comply with evolving financial requirements including international financial sanctions and embargoes.
These procedures are described in the BNP Paribas Group Code of Conduct and are based on:
- our ethical values and principles of exemplary conduct
- the laws of the countries in which we operate
- European regulations
- recommendations of international organizations.
Fight against money laundering
As part of its Financial Security System, BNP Paribas Real Estate has established standards for combating money laundering and the financing of terrorism, complying with sanctions, and preventing and fighting corruption, including
- a client identification system designed to identify and confirm the identity of its clients, including their beneficial owners and agents
- enhanced identification and verification measures for high-risk clients, politically exposed persons or high-risk situations
- processes for updating customer information
- a policy of generally not performing or engaging in any activity on behalf of or for the benefit of any person, entity or organization that is subject to sanctions enacted, regulated, imposed or enforced by the French Republic, the European Union, the U.S. Department of the Treasury’s Office of Foreign Assets Control, the United Nations, or any other applicable sanctions regime
screening of its client base and transactions, reasonably designed to ensure compliance with sanctions - enhanced scrutiny of financial institutions or jurisdictions that may be linked to or controlled by terrorist organizations targeted by French, European, U.S. or U.N. authorities, and enhanced scrutiny of payments to or from such financial institutions or jurisdictions
- a program to prevent and detect corruption and influence peddling, designed on the basis of the best international regulations and standards
- systems and processes to detect suspicious transactions and report them to the relevant authorities.
Right of Ethical Alert
BNP Paribas Real Estate has set up an ethics alert procedure for all employees who have concerns about possible malfunctions within the company. All employees must ask themselves whether ethical principles are being respected in any transaction they carry out or of which they are aware. If they have any doubts, they should refer the matter to their superiors. If the employee does not wish to do so, he or she may contact the compliance officer of his or her entity within the framework of the ethics alert system. Their anonymity is guaranteed and they are protected against any retaliatory measures.
Prevention of corruption (Sapin II Law)
We have set up a system to prevent any potential act of corruption or influence peddling, one of the pillars of which is an ethics alert system that allows any employee or third party who so wishes to make an alert. It is also within the framework of the prevention of corruption and influence peddling that all our employees systematically declare gifts and invitations received or offered to our Compliance Department.
All business lines
Performance indicators
Indicator | Business line | Activity Area | Unit | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2025 Target |
|---|---|---|---|---|---|---|---|---|---|---|---|
Employees who have completed the annual compliance and ethics training | All business lines | Europe | % | 89 | 90 | 92 | 90 | 93 | 96 | 97 | 95 |
Suppliers who have signed the Responsible Purchasing charter* | All business lines | All countries | % | 40 | 41 | 47 | 90 | ||||
Rate of significant incidents resulting in a corrective action plan | All business lines | Europe | % | 5.8 | 10.7 | 10 | 5.8 | 11.6 | 6.9 | 6.1 | |