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ARTICLE · 15 MARCH 2023

Issue 19: March 8, 2023

Steptoe LLP
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A group of NGOs filed a lawsuit against BNP Paribas in a Paris court, which they describe as the world's first climate lawsuit against a commercial bank.

CanadaEnergy and Natural Resources
Steptoe LLP
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Litigation

A group of NGOs filed a lawsuit against BNP Paribas in a Paris court, which they describe as the world's first climate lawsuit against a commercial bank. The suit is brought pursuant to a 2017 law imposing a "duty of vigilance" on multinational firms carrying out all or part of their activity in France. Under the law, companies must establish mechanisms to prevent human rights violations and environmental impacts throughout their chain of production. The action follows a January suit brought against French food company Danone under the same law concerning Danone's use of plastics. The lawsuit highlights the novel theories being used to bring ESG-related litigation, as well as the diverse industries being impacted.

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