Natixis today announced that it has become member of China’s Green Finance Committee (GFC), in a move that testifies to the bank’s expertise and strong ambitions in green finance. Formed by leaders from China’s financial community, including regulators, banks, asset managers and insurers, the GFC has a mandate to promote and scale up green finance in China.
Under the leadership of the People’s Bank of China (PBOC), China’s central bank, the GFC is tasked with identifying financial sector reforms that support the country’s transition to green economic development. The GFG also seeks to equip financial institutions with the knowledge of local, national and international environmental standards and best practices, allowing them to conduct thorough environmental diligence when screening potential investments, with a view to ultimately channeling more capital away from brown and into green investments.
Alain Gallois, CEO, Corporate & Investment Banking, Asia Pacific, commented: "We are honored to be joining the GFC and to have the opportunity to serve our clients and to contribute to shaping the direction of green finance in the country, at a time when China is determined to pursue a more sustainable development path. We have a wealth of knowledge to contribute, Natixis being one of the core market participants in the renewable energy financing market, having adopted the Equator Principles since 2010, having actively supported the development of green bonds in different parts of the globe, built a strong Green & Sustainable research franchise and developed itself into a leader in green and sustainable structured investment solutions."
Natixis’ admission into the GFC also caps a year of considerable developments for the bank’s green finance franchise in Asia Pacific.
The bank appointed in September this year Chaoni Huang as Director of Green and Sustainable Solutions, Asia Pacific. Chaoni Huang is a green finance industry veteran, who has joined Natixis with a mandate to expand the green finance footprint of the bank in the region. Her appointment coincided with the launch by Natixis of its own Green and Sustainable Hub, committed to providing issuer and investor clients worldwide a broad spectrum of green and sustainable finance expertise.
The year 2017 also saw Natixis complete a series of significant green transactions in the region, including the China Three Gorge’s EUR650 million green bond issuance in May, DBS’s US$500 million green bond issuance in July, and, more recently, Mizuho’s EUR500 million green bond issuance. In all three transactions, Natixis acted as Joint Bookrunner.
The bank also financed a series of renewable energy projects in Australia, including the 119MW Willogoleche onshore wind farm in South Australia, with the bank acting as Mandated Lead Arranger and Hedge Provider of a long-term syndicated debt facility of AUD197 million, as well as the Daydream and Hayman large-scale solar energy projects in Queensland, set to generate a combined 200MW ac, with Natixis acting as Mandated Lead Arranger and Hedge Provider of a long-term syndicated debt facility of approximately AUD310 million.
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