Paris
09/04/2020

Awards rain for Natixis

  • #ODD8
  • #Natixis

In January 2020, Natixis was awarded the "Deal of the Year" prize by Structured Retail Products (SRP) for its green structured note linked to a basket of actions by companies committed to the fight against climate change (ECO5E), all of the funds finance renewable energy projects.

It also received the "Green Bond Award" from IFR for the Société du Grand Paris green bond issue (€2 billion over 15 years) and the "Social Loan Award" for the credit facilities granted to Carrefour (€3.9 billion) for an innovative component of its CSR strategy.

Green bond and ECO5E climate index: an innovative investment solution to finance the energy transition

Convinced that investment products must meet sustainable development criteria, Natixis has launched the first green structured note entirely dedicated to finance the energy transition and whose performance is linked to 50 actions by companies committed to the fight against climate change (ECO5E).

The funds raised are invested exclusively in renewable energy projects, particularly wind, solar, hydro and biomass projects that meet responsible management criteria.

Carrefour: innovative CSR funding

Natixis acted as green advisor and lead arranger in the restructuring (amendment and extension) of two existing bank credit lines for Carrefour, in line with the Sustainability-Linked Loan Principles (SLLPs) of the Loan Market Association (LMA).

These liquidity facilities include a CSR component based on an incentive mechanism correlated to the evolution of an internal index based on four axes:

- Products (organic),

- Customers (local producers & suppliers),

- Warehouses (waste recovery & CO2 emission),

- Employees (training and HSE - Health, Safety, Environment).

This transaction is the first bank loan transaction with a CSR component in the European retail sector.

Société du Grand Paris: an EMTN programme entirely dedicated to green bonds

Natixis acted as co-lead manager for a €2 billion 15-year green bond issue for Société Grand Paris, which is the first issuer to adopt an EMTN program entirely dedicated to green bonds. Set up to finance the Grand Paris Express automated metro, one of Europe's largest infrastructure programs, this ambitious project meets the City of Paris' commitment to become carbon neutral by 2050.