French bank BNP Paribas is expanding to all OECD countries its target to end relationships with customers that use coal to generate electricity by end 2030, it said in a statement on Monday.
It said it will continue its commitment to sever links with all customers developing new coal-based production capacity in the near future, and will no longer accept any new customers that generate more than 25% of their revenue from coal-related activities.
This policy will cut by half the number of BNP Paribas corporate customers using coal to generate electricity, it said.
