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:
- Renewable energies
- Energy Efficiency
- Mass and Public transportation
- Water Management & Water Treatment
- Recycling
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.
Michel Konczaty, Deputy COO, BNP Paribas
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.