Raw: [
Paris-based global bank BNP Paribas announced today the launch of BNP Paribas Climate Impact Infrastructure […]]
BNP Paribas Launches New Climate Impact Infrastructure Debt Fund – ESG Today
ESG Investing, sustainable finance & business sustainability news
ESG investing news, analysis, research and information
Top Stories ESG News
Companies
Government
Investors
Regulators
Sustainable Finance
ESG Solutions ESG Tools, Services
Companies Companies
Investors Investors
ESG Disclosure ESG Reporting
Analysis
Regulators
Reports, Studies
Newsfeed
New! ESG Whitepapers
New! ESG Events
About About us
Our Team
Advertise With Us
Energy Transition/ Investors/ Sustainable Finance
BNP Paribas Launches New Climate Impact Infrastructure Debt Fund
Mark Segal
December 13, 2023
Paris-based global bank BNP Paribas announced today the launch of BNP Paribas Climate Impact Infrastructure Debt, a new fund aimed at financing climate change mitigation, and supporting energy transition projects across continental Europe.
The fund is targeting €500-750 million from institutional investors, including a seeding commitment from BNP Paribas’ insurance business BNP Paribas Cardif.
Olivier Hereil, Deputy CEO for Asset Management at BNP Paribas Cardif, said:
“As a responsible investor, we are proud to collaborate on the launch of Climate Impact Infrastructure Debt. Echoing BNP Paribas Group’s energy transition policy, our conviction at BNP Paribas Cardif is that it is essential to manage policyholders’ savings with a long-term perspective by combining financial performance with a positive impact on society.”
The new initiative is being launched in close collaboration with BNP Paribas Asset Management (BNPP AM), BNP Paribas Corporate & Institutional Banking (CIB) and BNP Paribas Cardif, providing complementary expertise to offer financing solutions to projects and companies involved in energy transition and climate change mitigation. The fund will be managed by BNPP AM’s Private Assets division, with BNP Paribas CIB’s Low Carbon Transition Group bringing its capabilities in advising on and originating low carbon assets.
Séverine Mateo, Global Head of BNP Paribas’ Low-Carbon Transition Group, said:
“Combining BNP Paribas’ origination, distribution and investment capabilities within low carbon transition is perfectly aligned with the Group’s strategy to accelerate the transition to a lower carbon and more sustainable economy.”
Classified as Article 9 under the EU’s SFDR regulation, and with an investment grade profile, the new fund aims to invest in continental European countries, supporting energy transition projects focusing on renewable energy, clean mobility and the circular economy, including new sectors such as batteries, hydrogen and carbon capture. BNP Paribas said the three investments have already been secured for the fund, including a low-carbon energy producer, a green-sourced district heating platform and a portfolio of onshore wind farms.
Karen Azoulay, Head of Real Assets at BNPP AM Private Assets, comments:
“Since the establishment of our Private Assets investment division, environmental solutions have been a key strategic focus. The launch of Climate Impact Infrastructure Debt confirms this and marks a significant step forward in our ongoing efforts to support financing the transition to a low carbon economy and offering our clients BNP Paribas’ unique origination capacity within this asset class.”
Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm’s head of U.S. equities. While at DCM, Mark was part of the firm’s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.
Related Posts
Energy Transition /
COP28 Ends with Agreement to Transition Away from Fossil Fuels
Investors /
Sustainable Infrastructure-Focused Generate Capital Appoints William Sonneborn as New President
Sustainable Finance /
HSBC Backs Apparel Impact Institute’s Fashion Supply Chain Decarbonization Fund
‹ Sustainable Infrastructure-Focused Generate Capital Appoints William Sonneborn as New President
ESG Today Newsletter – Subscribe
Subscribe to the ESG Today NewsletterJoin our mailing list for the latest breaking ESG investment news!
LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther
FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsR & DProcurement & ContractingSupply Chain & DistributionSustainabilityStrategyTechnologyOther
SUBSCRIBE!
You have Successfully Subscribed!
Sustainable Finance
HSBC Backs Apparel Impact Institute’s Fashion Supply Chain Decarbonization Fund
Bloomberg Launches Green Bond-Tilted Versions of its Flagship Fixed Income Indices
FAB Sets $135 Billion Sustainable Finance Goal
Mirova Launches $350 Million Sustainable Land Fund
Government
UK Eliminates Cap on Penalties on Polluting Companies
COP28 Ends with Agreement to Transition Away from Fossil Fuels
EU Agrees on New Regulation to Decarbonize Gas and Grow Hydrogen Market
EU Lawmakers Agree on New Rules to Decarbonize Buildings
Categories
Select Category
Business Wire
ESG News
Analysis
Climate
Companies
Energy Transition
Environment
ESG Reporting
ESG Tools, Services
Executive Moves
Governance
Government
Guest Posts
Investors
M&A
New funds & products
Platforms & Markets
Private Equity
Professional bodies
Regulators
Reports, Studies
Social
Social & Governance
Sustainable Finance
Welcome
Back to Top
Home
About us
Disclosure, cookies & privacy policy
© ESG Today 2023
Don’t miss the top ESG stories!Join the ESG Today daily newsletter and get all the top ESG stories, like this one.
Subscribe now below!
LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther
FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsProcurement & ContractingR & DStrategySupply Chain & DistributionSustainabilityTechnologyOther
SUBSCRIBE!
You have Successfully Subscribed!
Never miss the latest breaking ESG investment news. Get ESG Today’s newsletter today!
Subscribe Now
c
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy