Formation of U.S-based alliance by Bloomberg will support global mobilization of private capital in response to climate change concerns
New York, December 6, 2018 – Today, during the inaugural Sustainable Finance Week in New York, BNP Paribas announced that it is one of the 15 founding members of the U.S. Alliance for Sustainable Finance (USASF), aiming to drive investment in clean energy and climate resilience projects across the U.S. The alliance will provide the resources and expertise needed to identify and streamline existing climate-finance initiatives, encourage greater transparency across climate-related financial risks and opportunities, and ultimately, drive more capital to sustainable investments.
USASF’s founding members include Bank of America, BNP Paribas, Citi, Crédit Agricole CIB, Credit Suisse, Goldman Sachs, HSBC, JPMorgan Chase, Macquarie Group, Morgan Stanley, Neuberger Berman, Nuveen, S&P Global, Trillium Asset Management, and Wells Fargo. The USASF will also join the global network of Financial Centres for Sustainability (FC4S) convened by the United Nations Environment Programme.
“As one of the 15 founding members of USASF, BNP Paribas believes that this alliance will stimulate further climate-friendly and sustainable finance innovation across the U.S. capital markets,” said Jean-Yves Fillion, CEO of BNP Paribas USA and Chairman of CIB Americas. “We are confident that the financial services industry can help be a positive force for change due to its central role in financing the economy, and we look forward to working with the USASF to meet the Paris Agreement targets.”
BNP Paribas is committed to financing sectors that have significant positive impacts on our society. As of June 30, 2018, BNP Paribas had over €1 billion of commitments in support of social entrepreneurship and microfinance, serving approximately 1,500 clients and partners. In addition, as of the end of 2017, BNP Paribas had arranged €155 billion of financings directly contributing to the achievement of the United Nations’ Sustainable Development Goals (SDGs). In the U.S., BNP Paribas announced in October that it was an anchor investor in a $5.1 million project for Veterans Coordinated Approach to Recovery and Employment (“Veterans CARE”), a Pay for Success initiative to improve employment outcomes for Veterans with service-connected PTSD.
For more information regarding the USASF, please visit: https://go.bloomberg.com/events/usasf/
Press Contacts BNP Paribas USA
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About BNP Paribas USA
BNP Paribas has built a strong and diversified presence in the United States to support its client base. The bank employs close to 15,000 people and has had a presence in the USA since the late 1800s. Bank of the West serves over 2 million individuals and small & businesses through a network of around 600 branches and business centers. Large corporate and institutional clients are serviced by BNP Paribas’ Corporate & Institutional Banking franchise that has a presence in the main US cities, in addition to a global reach through a network of offices in EMEA and APAC. The bank also offers asset management services through BNP Paribas Asset Management as well as Real Estate and Fleet Services through partnerships. The Bank owns an equity stake in Nasdaq-listed First Hawaiian Bank which was previously 100% owned by BNP Paribas. www.usa.bnpparibas
About BNP Paribas Group
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. www.group.bnpparibas