ESG procurement standards led by BNP Paribas
Enguerrand de Pontevès heads procurement at BNP Paribas, one of the world’s largest banks. His procurement team sets a clear benchmark for ESG integration, something fintech firms are under pressure to deliver as regulators and investors increase scrutiny.
Enguerrand leads BNP Paribas to achieve its first Supplier Relations & Responsible Procurement (RFAR) Certification, a formal recognition of responsible procurement practices and supplier relationships.
The certification emphasises sustainability, payment terms, diversity in supplier bases and ethics in sourcing.
He explains: “This Certification is a testimony to our exemplary efforts and our credibility as a bank committed to our stakeholders. Over the years, we have worked with our suppliers to standardise our practices, improve efficiency and promote a more responsible economy.
“This Certification is a source of great satisfaction for all involved, as it reflects the commitment of the Procurement function and our desire to drive continuous improvement in our practices. It rewards the various actions that we have implemented, such as training employees, raising awareness amongst stakeholders, getting inclusive companies onboard as approved suppliers, reducing payment deadlines and strengthening ESG (Environmental, Social and Governance) criteria in our calls for tender.”
For fintech firms building procurement models with outsourced tech, external developers and third-party vendors, BNP Paribas provides a working example of how to formalise and measure responsible procurement.
