In January 2020, Natixis carried off the SRP Deal of the Year award for the full green equity-linked structured note liked to a basket of shares in companies committed to the fight against climate change (ECO SE), all of whose funds finance renewable energy projects.
It also received IFR’s social loan of the year award for Carrefour’s €3.9bn credit facilities integrating an innovative Corporate Social Responsibility (CSR) component and the green bond of the year award for its role in Société du Grand Paris’ €2bn 15-year green bond issue.
In Asia, Natixis also distinguished itself by receiving the following awards at The Asset’s 2019 Triple A Sustainable Capital Markets Regional Awards:
- “Best Green Bond”, for the $1 billion green bond issue by State Development & Investment Corporation (SDIC);
- “Best Sustainability-Linked Loan”, for the credit facility ($2.3 billion) granted to COFCO International;
- “Best Syndicated Green Loan”, for the financing ($2 billion) of the second phase of the Formosa offshore wind farm construction project.
Supporting our clients in their energy transitions
These awards recognize Natixis’ commitment to green and sustainable finance, and more broadly speaking sustainable development, as well as its efforts to support its clients in financing their energy, ecological and just transitions (i.e. those transitions taking into account both environmental and social aspects). They illustrate Natixis’ expertise in that field and its ability to innovate and develop sustainable financing solutions, as well as investment solutions adjusted to the needs of its clients.
A signatory of the Principles for Responsible Banking, Natixis has also signed up to the United Nations Collective Commitment to Climate Action.
Green bond and climate index ECO5E: a “full green package” to finance the energy transition
In line with its conviction that green and sustainable investment products should demonstrate their impact on each of their components, Natixis launched the first full green equity-linked (ECO 5E) structured note dedicated to financing the energy transition.
The funds collected as part of this “full green package” are exclusively invested in renewable energy projects, including wind, solar, hydraulic and biomass projects that meet responsible management criteria.
Carrefour: an innovative CSR financing
Natixis acted as Green Advisor and Lead Arranger for Carrefour in the restructuration of two credit facilities (amended and extended), meeting the requirements set out by LMA’s Sustainability-Linked Loan Principles (SLLP).
These credit facilities, composed of two revolving credit lines (one “Club deal” and one “Syndicated”), integrate an innovative CSR component based on an initiative mechanism linked to the evolution of an internal index relying on four pillars: products (organic), clients (local producers & suppliers), stores (waste recovery & CO2 emission) and employees (training and HSE).
This innovative initiative is unprecedented in the European retail sector.
This transaction is the first bank credit transaction with a CSR component in the European retail sector.
Green bond for Societe Grand Paris: an EMTN programme entirely dedicated to green obligations
Natixis acted as co-lead manager in a €2bn 15-year green bond issue for SGP, the first issuer to adopt an EMTN program entirely dedicated to green bonds, establishing a €5bn facility in July 2018.
The project, part of the French government’s commitment to become carbon neutral by 2050, was set up to finance one of Europe’s largest infrastructure projects: the Grand Paris Express automated metro system, an ambitious €35bn project that will see the city build four new underground lines that will penetrate its suburbs.
State Development and Investment Corporation’s (SDIC) 1st green issue
Natixis acted as bookrunner and lead manager in the issuance of a $1 billion green bond by the State Development & Investment Corporation (SDIC), the largest public investment company in China.
1st sustainability-driven cash facility for COFCO
Natixis acted as bookrunner and mandated lead arranger in the $2.3 billion sustainability-linked loan granted to COFCO International, a commodities trader.
A new step towards the energy transition for Formosa 2
For Formosa 2, an offshore wind farm construction project, Natixis was part of a financing consortium comprising six Taiwanese financial institutions and 14 international banks. Natixis acted as lead arranger in the company’s USD 2 billion sustainability-linked loan.