A new element in the mix

BNP Paribas collaborates with chemical company Solvay on €2bn revolving credit facility linked to environmental commitments.

In early 2019 BNP Paribas collaborated with Belgian chemical company Solvay on an innovative €2bn revolving credit facility linking to environmental commitments.  The Positive Incentive Loan mechanism – in which the cost of credit is linked to a reduction in Solvay’s greenhouse gas emissions – demonstrates their strategy to integrate sustainability deeper into all aspects of the business, including financing.


The alignment of finance and sustainability objectives is becoming increasingly important, as the transition towards a low carbon economy requires new approaches. Max Jadot, CEO of BNP Paribas Fortis, which is acting as Sustainability Coordinator and agent bank to Solvay remarked: “I am proud that Solvay has mandated BNP Paribas Fortis to introduce a Positive Incentive Loan mechanism that supports Solvay’s ambitions in reducing greenhouse gas emissions. This innovative solution is a clear example of how we and the syndicated banks we represent aim to serve our clients in terms of value creation. Collaboration between banks and clients is key in driving the economy forward to a more sustainable future”.


The revolving credit facility is intended for general business purposes. Solvay is also a global partner of the Ellen MacArthur Foundation and aims to accelerate the circular economy in the chemicals sector. This is another example of how leadership on environmental sustainability can be fostered through collaboration.

Related solutions

Banking for Corporates

We support our Corporate client base in their development, providing strategic advice and first-class access to financing and transaction banking services.

Correspondent Banking

BNP Paribas is a privileged partner for financial institutions, offering personalized transaction banking solutions to optimize your business.