Natixis Corporate & Investment Banking and Enel agree KPI-linked foreign exchange framework
Natixis Corporate & Investment Banking (Natixis CIB) and Enel have reached an agreement to link foreign exchange derivatives transactions between the parties to Enel’s medium-to-long term sustainability targets in accordance with Enel’s existing Sustainability-Linked Financing Framework.
Under the framework, FX options, forwards and swaps executed between Natixis CIB and Enel accumulate a sustainability incentive that Natixis CIB will transfer to Enel upon its achievement of its December 2022 renewable consolidated installed capacity objective, to be verified by an independent third party.
Julien Duquenne, Co-Head of Green & Sustainable Finance, Origination & Advisory, EMEA, Natixis Corporate & Investment Banking said: “We are proud to support Enel in reaffirming its core strategic principles and pursuing its ecological transition by providing an innovative financial solution to align its forex derivatives transactions with its sustainable principles.”
Cristiano Marinoni, Senior Solution Sales, Italy and Laurent Guillaume, Expert Leader FX Financial Engineering at Natixis Corporate & Investment Banking said: “Through this agreement with Enel, Natixis further cements its positioning as a go-to financial partner for its clients’ energy transition strategies, extending it for the first time to foreign exchange market activities.”
Related links
About Groupe BPCE
Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group's financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody's (A1, stable outlook), Standard & Poor's (A, stable outlook), Fitch (AA-, negative outlook) and R&I (A+, stable outlook).
The press area was created by BPCE in order to make it easier for professionals to access Groupe BPCE press releases, images, videos, computer graphics, etc. (hereafter referred to collectively as the “Content”). This Content can be used to illustrate all publications, reports, articles or, more generally, any document or medium designed to inform the public of Groupe BPCE’s activity. You are not allowed to use the Content for commercial or publicity purposes. You are not allowed to modify the Content (except for changes of format). The Content is regularly updated by BPCE, therefore you should frequently access the press area in order to ensure you use the latest version of the Content. Your attention is also drawn to the fact that the Content contains elements considered to be intellectual works protected by copyright law and notably by France’s intellectual property code. Consequently, the photo credit (shown at the bottom right of the photo) and the mention [source BPCE] must be displayed in all publications (printed or electronic). Any user who fails to respect these conditions shall be liable vis-à-vis BPCE, the author of the Content or his/her beneficiaries and, where applicable, the persons whose image is reproduced in the Content. By downloading and, more generally, using all or part of the Content you agree to these terms.