On 1 May 2026, the Business and Human Rights Centre invited BNP Paribas to respond to concerns that a company it is investing in, Palantir, is linked to various allegations of facilitating "serious human rights violations". Reportedly, Palantir is accused of facilitating these violations through its contracts with the U.S. Immigration and Customs Enforcement agency (ICE) and the Israeli army in the Palestinian territories, among other concerns, with Amnesty International accusing the company of "failing to comply with international standards". Palantir has responded to similar allegations, which can be found on its BHRC company page.

As stated in the United Nations Guiding Principles on Business & Human Rights (UNGPs), investors have a responsibility to use their leverage to ensure that those with whom they have business relationships, including portfolio companies, respect human rights. Within the article by El Pais, BNP Paribas is listed as having "over $1 billion" invested in Palantir as of December 2025. BNP Paribas responded, stating:

"As you may know, in accordance with confidentiality in view with the obligations to which it must comply, BNP Paribas cannot comment on its relationship with companies beyond what is already public. However, as regards the company which you are referring to, BNP Paribas holds no investments for its own account. BNP Paribas gives clients access to the stock market, where it executes orders for clients. The shares in question are a result of risk hedging on behalf of clients. In terms of asset management, holdings are mainly indirect, on behalf of clients, through passive asset management that replicates stock market indices that include companies from the technology sector...[A]s a banker and investor, BNP Paribas is strongly involved in identifying, preventing and mitigating the risks of serious human rights violations..."