Natixis has joined the Climate Bonds Initiative (CBI) Partners Program to support investment towards a low-carbon and climate resilient economy
Paris/London, January 14, 2019: Natixis has joined the Climate Bonds Initiative (CBI) Partners Program, an international network of financial actors seeking to mobilise the global bond markets for climate change solutions.
The announcement builds upon Natixis’ ongoing mission to develop innovative products and become a “go-to-bank” in sustainable finance. Natixis was named “Most Innovative Investment Bank for Climate & Sustainability” in The Banker Awards 2018. The award recognizes the pioneering role Natixis has played in the industry, developing high-quality green financial products throughout the past year – including the first green-labelled commercial real estate loan, the first green commercial mortgage-backed securitization and the first green structured note – and delivering high quality marketing research on green finance marketplace dynamics.
Natixis is also in the process of implementing its “Green Weighting Factor”, an internal capital allocation mechanism designed to favour the financing of deals with a positive impact on both the climate and the environment, in accordance with the Paris Agreement goals.
Orith Azoulay, Global Head of Green & Sustainable Finance, Corporate & Investment Banking, Natixis says: “We are thrilled to be joining the CBI Partner Program. It aligns with the core green objectives of our New Dimension strategic plan for 2018-2020, through which we aim to become a market pioneer in green origination and distribution, and to double green business revenues by 2020. As such, this partnership demonstrates, once again, our engagement to be very active in the shaping and development of Green & Sustainable finance markets through thought-leading and innovative initiatives such as CBI.”
Serena Vento, Head of Partnerships & Commercial Relationships, Climate Bonds Initiative says: “Natixis has been active in green finance with a long-standing commitment towards sustainability and tackling climate change. We are delighted to join forces and we intend to build on their innovative leadership and international presence and work together to further market growth.”
The CBI Partnership Program gathers members of the global financial sector – including investors, banks, issuers, service providers as well as governments and related institutions – to promote the development of green bond standards and leverage the US$100 trillion bond market to deliver the transition to a low-carbon economy.
Natixis is the international corporate and investment banking, asset management, insurance and financial services arm of Groupe BPCE, the 2nd-largest banking group in France with 31 million clients spread over two retail banking networks, Banque Populaire and Caisse d’Epargne.
With more than 21,000 employees, Natixis has a number of areas of expertise that are organized into four main business lines: Asset & Wealth Management, Corporate & Investment Banking, Insurance and Specialized Financial Services.
A global player, Natixis has its own client base of companies, financial institutions and institutional investors as well as the client base of individuals, professionals and small and medium-size businesses of Groupe BPCE’s banking networks.
Listed on the Paris stock exchange, it has a solid financial base with a CET1 capital under Basel 3(1) of €12 billion, a Basel 3 CET1 Ratio (1) of 10.9 % and quality long-term ratings (Standard & Poor’s: A+ / Moody’s: A1 / Fitch Ratings: A+).
(1)Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise - without phase-in .
Figures as at September 30, 2018
About the Climate Bonds Initiative
CBI is an international investor-focused not-for-profit organisation working to mobilise the USD100tn bond market for climate change solutions. The mission focus is to help drive down the cost of capital for large-scale climate and infrastructure projects and to support governments seeking increased capital markets investment to meet climate goals. The Climate Bonds Initiative carries out market analysis, policy research, market development; advises governments and regulators; and administers a global green bond certification scheme. Sean Kidney, Climate Bonds Initiative’s CEO, is a member of the European Commission’s Technical Expert Group (TEG) on Sustainable Finance and was part of the EU’s High-Level Expert Group on Sustainable Finance. For more information, please visit www.climatebonds.net.
Partnerships & Marketing Manager
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