ETHICS OF THE
HIGHEST STANDARD
| Actions | Key Performance Indicators | 2022 progress | 2025 target | SDGs(1) |
|---|---|---|---|---|
| Strong sectorial policy | Strong sectorial policy Key Performance Indicators % of clients assessed according to Know Your Customer (KYC) guidelines |
Strong sectorial policy 2022 progress 100% |
Strong sectorial policy 2025 target 100% |
Strong sectorial policy SDGs (1)
13. Climate action |
| Training on anti-corruption, anti-money laundering, sanctions and embargos | Training on anti-corruption, anti-money laundering, sanctions and embargos Key Performance Indicators % of employees trained on anti-corruption, anti-money laundering, sanctions and embargos |
Training on anti-corruption, anti-money laundering, sanctions and embargos 2022 progress 98.3% |
Training on anti-corruption, anti-money laundering, sanctions and embargos 2025 target 98% |
Training on anti-corruption, anti-money laundering, sanctions and embargos SDGs (1)
16. Peace, Justice and strong institutions |
(1) SDG N°13: Climate action / SDG N°16: Peace, Justice and strong institutions
Developing an accountable business ecosystem
Arval has strengthened its ESG risk analysis process by aligning with the BNP Paribas Group on strict sectorial policies implementation in the assessment of new and current customers. These criteria guide us as a catalyst for positive change. Our Code of Conduct, common to all BNP Paribas entities, reflects our determination to thrive on our foundations of professional expertise and integrity. This Code of Conduct is our framework to perform while reflecting our core values. Through seamless dialogue with our customers (notably our Know Your Customers guidelines), we also ensure the development of an accountable business ecosystem.
ESG - Assessing our impact to make a difference
"Launched in 2019, the European Green Deal is an integrated strategy covering all important sectors. Its objectives, aimed at fighting climate change, entail a profound transformation of our societies. The European climate target plan is a two-step approach : by 2030, the EU countries greenhouse gas emissions shall be cut by at least 55% and in 2050, Europe’s economy and society shall become climate neutral. As you can easily imagine, this European climate target has a direct impact on our core activity (the more obvious one being the electrification of vehicles) but other impacts need to be anticipated such as more efficient buildings or renewable energies. Ensuring our compliance with local and international regulations also helps us identify opportunities while raising our awareness of our need to actively participate in the achievement of this climate neutral target. In other words, ESG keeps us grounded while expanding our horizons to – for instance- new services such as more sustainable mobility products.”
INTEGRITY AT ALL TIMES
To comply with our Sustainability strategy and especially to respect our “Ethics of highest standards” commitment, Arval carries out a thorough environmental, social and governance risk assessment of every customer.
This assessment process is aligned with the 9 Sector Policies established by the BNP Paribas Group which take into account ESG Risks in addition to economic performance criteria.
Our ESG Risks process allows us to achieve our goal to mitigate climate change, contribute in the protection of biodiversity, and respect human rights by promoting good ESG behaviour.
We also stay aligned with actual and future regulations such as the EU Taxonomy Regulation and other green local regulations.
This diagram shows Arval ESG risk assessment:
Environment:
- Climate change
- Green products and solutions
- Air pollution
- Water use, Waste
- Supply chain
Social:
- Health and safety
- Human rights
- Labour rights
- Supply chain standards
- Customer rights protection
Governance:
- Business Ethics
- Business practices
- Bribery and corruption
- Corporate governance
- Executive pay