The BNP Paribas Group has announced the cessation of funding for tobacco-related activities
On November 24, 2017, the BNP7nbsp;Paribas Group announced the cessation of its financial and investment activities related to tobacco producers as well as traders whose income is mainly derived from tobacco.
The World Health Organization’s Framework Convention on Tobacco Control (FCTC) is an international treaty developed under the auspices of the World Health Organization in 2003, which describes the strategy to combat the global epidemic of smoking. He was signed by 176 of the 193 WHO member countries, including Ukraine. Compliance with the requirements of the FCTC by the companies will further contribute to the prevention and reduction of tobacco use.
“WHO has long warned the international community about the negative impact of tobacco on human health, and confirmed our commitment to financing world economic development while at the same time helping to create a better future” , — said Jean–Laurent Bonnafe, CEO of
BNP Paribas Group
The new financial and investment activities of the Group confirm BNP Paribas’s desire to finance the global economy and to exert a positive influence on all its participants.