Foundation BNP Paribas Bulgaria pledges support for sustainable development of the Bulgarian Antarctic Research Base - BNP Paribas Bulgaria
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November 1, 2011 - ,

Foundation BNP Paribas Bulgaria pledges support for sustainable development of the Bulgarian Antarctic Research Base

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Donation for the purchase of 4 wind-power generators

On the occasion of the 20th anniversary of the Bulgarian Antarctic Institute and in line with its global policy to contribute to sustainable development, BNP Paribas has pledged a valuable support to the Bulgarian researchers. The Foundation has made a donation which financed the purchase of a series of four arctic-tested, vertical windpower-generators and equipment which will supply the Bulgarian Antarctic Base with sufficient electrical energy. Special high-value batteries were donated by Monbat – a fast developing company which manufactures batteries for various applications.

This project has multiple effects on reinforcing the sustainable development of the Bulgarian Antarctic Base. The use of the current diesel generator will be reduced by installing four “zero emission” windpower-generators. In this way the usual supply of fuel – which is not only very costly but also generates a multitude of negative impacts on the environment such as CO2 emissions from transportation, disturbance of nature, risk of spills – will be reduced and even avoided in the future. The power generated throughout the year will improve the availability of the electricity for laboratory and communication equipment during the operating periods. The Bulgarian scientists will be able to conduct various climate research projects (measuring, storing and transmitting data). Emphasis is given on a multidisciplinary approach towards understanding the processes in main polar natural systems, their evolution and the greatest challenge of our time – climate change. The Bulgarian Antarctic Institute is intensely researching the effect on the environmental pollution and to raise awareness on green-house gases on the global environment.

BNP Paribas Bulgaria has already committed to raising awareness on the prevention of global warming. As a part of the celebration of 40th Earth Day anniversary in 2010, BNP Paribas Bulgaria organized an exhibition with photos from the 18th Bulgarian Antarctic Expedition and sponsored a documentary film about Antarctica in the frame of the international research project on climate change.

About Bulgarian Antarctic Institute

Bulgaria – a consultative member of the Antarctic Treaty from 1998 – started its polar activities in Antarctica as early as 1967 with gathering valuable experience both in carrying out scientific research, the organization of the logistics in Antarctica and the protection of the nature in Antarctica. The Bulgarian Antarctic Institute (BAI) is nongovernmental organization chaired by Prof. Christo Pimpirev - a scientist and Doyen of the Bulgarian Antarctic Program. BAI organizes the annual Bulgarian Antarctic Expeditions, collaborates with the Antarctic Programs of the other countries with rich experience in the investigation of Polar Regions and manages the Bulgarian Antarctic Base “St. Kliment Ohridski” at Livingston Island, South Shetland Islands.

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is one of the best rated banks in the world*. The Group has a presence in more than 80 countries and more than 200,000 employees, including more than 160,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across the Europe-Mediterranean zone and boasts a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia.
*Rated AA- by Standard & Poor's.

About BNP Paribas in Bulgaria

BNP Paribas S.A. - Sofia Branch is a commercial and investment bank in Bulgaria. It serves large and medium-sized corporate and institutional clients, spanning the major sectors in the economy. They benefit from a full range of commercial and investment bank services as well as from customer-tailored financial solutions with strong advisory components. BNP Paribas has been present in Bulgaria since 1994. It is also present on the Bulgarian market with its life and credit insurance activities through “Cardif Bulgaria.” Apart from this, BNP Paribas Personal Finance is the leading consumer crediting company in Bulgaria.
www.bnpparibas.bg

About Foundation BNP Paribas Bulgaria

In order to formally consolidate and reinforce its longstanding engagement to development of corporate philanthropy programs in the country, BNP Paribas Bulgaria has launched in the end of 2010 a local foundation. The Foundation BNP Paribas Bulgaria was created in close cooperation with the BNP Paribas Foundation – the corner stone of the Group's philanthropy initiatives for the past 25 years. The newly established entity will structure BNP Paribas' projects in Bulgaria and strengthen current programs. The aim of the newly created Foundation is to contribute to Bulgaria's social and cultural development through strong and long-term partnerships not only in the areas of social solidarity, education, culture and environment.

Press contacts

BNP Paribas S.A. – Sofia Branch
Foundation BNP Paribas Bulgaria
Krasimira Antimova
Tel.: +359 888458555
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