Today marks the announcement of BNP Paribas’ inaugural EUR 500 million Green Bond. The transaction attracted strong demand from investors allowing a pricing inside of BNP Paribas ordinary senior debt curve.
BNP Paribas has a long standing commitment to sustainability. A year ago, it committed to supporting the development of renewable energies by more than doubling its exposure to this sector from €7.2bn in 2015 to €15bn in 2020, and continuing at the same time to promote Green Bonds to institutional investors, a market in which BNP Paribas aims to rank among the top three global players for euro-denominated issues by 2018. The Group has also decided to strengthen its policies for the management of carbon risk. This is in line with the energy transition policy announced by the Group a year ago in order to comply with the international consensus aiming to restrict global warming to a 2ºC increase over pre-industrial levels.
Ahead of the launch of this green bond, BNP Paribas has defined a Green Bond Framework in line with the Green Bond Principles published by the International Capital Market Association.
The net proceeds of the issue of the Notes will be allocated to the financing and/or refinancing, of Eligible Green Assets in the following Eligible Sectors:
- BNP Paribas : Remuneration Of Shareholders And Responsible Dividend Policy
- Carbon Footprint: No One Can Achieve The Impossible
- Sustainable Development Goals Index Receives Exclusive BNP Paribas Licensing
- BNP Paribas Invest €7.7bn In Socially Responsable Projects
- Dow Jones “World” And “Europe” Indexes Rank BNP Paribas Amongst The Best
· Renewable energies
· Energy Efficiency
· Mass and Public transportation
· Water Management & Water Treatment
The launch of our inaugural green bond today amplifies our commitment to sustainability
Michel Konczaty, Deputy COO, BNP Paribas said:
“The launch of our inaugural green bond today amplifies our commitment to sustainability and to supporting projects which have a positive impact. We look forward to working together in continuing to deliver market based sustainable solutions which help us and our clients meet social and environmental challenges.”
BNP Paribas plays an active role in the development of the Green Bond market having lead-managed more than EUR 5.8 bn in Green Bonds to date, including over EUR 1 bn in equity-linked.