NEW YORK and TORONTO, Jan. 06, 2020 (GLOBE NEWSWIRE) — BNP Paribas, a premier global banking partner, today announced that it has closed a bi-lateral, incentive-linked corporate revolving credit facility (“RCF”) with Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP), structured as a sustainability-linked loan (“SLL”). This is one of the first SLLs offered in Canada and the first for BNP Paribas in Canada.
SLLs typically incorporate a pricing mechanism linked to a client’s environmental, social or governance (ESG) performance. The key feature of this RCF structure is a pricing incentive whereby Brookfield Renewable Partners’ cost of debt declines as it continues to expand its renewable and clean electricity generating capacity and meets pre-determined CO2 emissions avoidance levels. This alignment ultimately reflects the vision of placing sustainability at the core of its business strategy.
Brookfield Renewable Partners operates one of the world’s largest publicly-traded renewable power platforms. In 2018, its portfolio helped to avoid 25 million tons of CO2 equivalent emissions. The portfolio consists of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia, and totals over 18,000 megawatts of installed capacity and an 8,000 megawatt development pipeline. Brookfield Renewable Partners has an established track record of creating value by prudently acquiring, building and financing assets, and actively managing its operations.
“BNP Paribas’s sustainability-linked loan aligns well with our goal of expanding our renewable power portfolio as we continue to play a leading role in the decarbonization of the global power generation grid,” said Julian Deschâtelets, Managing Director at Brookfield Renewable, responsible for the capital markets and treasury function globally. “We also see this facility as a complement to issuances under our Green Bond framework.”
Sonja Volpe, Principal Officer and CEO BNP Paribas in Canada, stated: “We are delighted to be helping Brookfield Renewable Partners, one of the world’s largest investors in renewable power, to build on its leadership position in renewables. The sustainability lending space has grown rapidly worldwide, and BNP Paribas is proud to be a leader in renewable energy financing, and Sustainable Finance more broadly.”
BNP Paribas has acted as Sustainability Coordinator or Sustainability Structuring Agent for many transactions this past year. Dreyfus, a leading merchant and processor of agricultural goods globally, and NRG Energy, a U.S. power utility leader, each announced debut SLLs structured by the Bank in the U.S. in July. In the UK, BNP Paribas provided Optivo, a charitable housing association, as well as UK Housing Association Peabody Trust, with five-year RCFs.
In 2011, BNP Paribas decided to place the fight against climate change at the forefront of its priorities. The Bank financed more than €15bn in renewable energy in 2018, and is among the top 3 issuers of green bonds in euros. At the end of 2018, the total financing provided by BNP Paribas that contributed to the energy transition and the SDGs was €168bn.
About BNP Paribas in Canada For over 55 years, BNP Paribas in Canada has been helping Canadian businesses and institutions grow by offering them a full range of specialized financial services and investment products. With over 1,000 employees in offices in Montreal and Toronto, BNP Paribas in Canada combines a clear understanding of the Canadian landscape with global expertise.
About BNP Paribas BNP Paribas is a leading bank in Europe with international reach. It is present in 72 countries, with more than 202,000 employees, of whom more than 154,000 are in Europe. The Group has key positions in its three major business areas: Domestic Markets and International Financial Services, whose retail banking and financial services networks are grouped into Retail Banking & Services, and Corporate & Institutional Banking, which focuses on corporate and institutional clients. The Group supports all of its customers (individuals, associations, entrepreneurs, SMEs, large businesses and institutions) in carrying out their projects by offering them financing, investment, savings and protection services. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leading specialist in retail financing in Europe. BNP Paribas is also developing its integrated retail banking model in the Mediterranean basin countries, Turkey and Eastern Europe and has a significant network in the West of the United States. In its Corporate & Institutional Banking and International Financial Services businesses, BNP Paribas enjoys leadership in Europe, a strong presence in the Americas, as well as a solid and fast growing business in Asia Pacific.
WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell has taken a glass-half-full view of the U.S. economy but the trouble may be that the glass has gotten smaller and has a few cracks.
currencies (USD, Euro, Yen, Yuan, Pounds)
“Over the next week it risks losing a few drops as deadlines approach for the United States to impose new tariffs on China, British voters decide what has been called a “nightmare” election between far-left and far-right candidates, and other central banks take stock of what seems an increasingly turgid global economy[…]
The global economy is slowing. The International Monetary Fund at its semi-annual meeting in October cut its world growth forecasts for this year and next and said the outlook remained precarious…”
Screened at
The Festival du Nouveau Cinéma of Montréal
BNP Paribas becomes a new partner of the festival
MONTREAL, Oct. 17, 2019 (GLOBE NEWSWIRE) — BNP Paribas, a leading international bank, promotes women’s rights by making real commitments and building ambitious gender equality programmes, as well as supporting artists who are boosting the visibility of this social challenge.
Accordingly, the Bank is pursuing its commitment to this cause and is proud to be the main sponsor of the film WOMAN, which gives a voice to 2,000 women in 50 countries who have agreed to recount their tales. WOMAN brings to the screen the life experiences of women who are each very different, each shaped by their family history, culture, and faith. In addition to striving to condemn the injustices that women have to face in their lives, this film highlights their determination to overcome obstacles and stereotypes.
BNP Paribas is honored to present this film during The Festival du Nouveau Cinéma and very proud to be a new partner of the festival this year.
‘’This film awakens our conscience on the life of these women, their conditions, their choices and their destinies. As a Group committed to diversity and inclusion, we are proud to support the film WOMAN and contribute to the fight against all forms of discrimination,” says Sonja Volpe, President and Chief Executive Officer of BNP Paribas in Canada.
“Women are now prepared to make their voices heard. By putting their trust in us, they have also entrusted us with a great responsibility: to ensure that their voices are finally heard. So that, going forward, those who represent half of humanity are never again regarded as the weaker sex,” say Anastasia Mikova and Yann Arthus-Bertrand.
BNP Paribas’s commitment to gender equality is reflected in numerous actions worldwide. In 2011, the Group signed the United Nations Women Empowerment Principles consisting of a set of concrete recommendations to boost the role of women in business, the labour market, and society, and to promote the economic autonomy of women engaged in farming resistant to climate change in Senegal.
As a major film sponsor for over 100 years both in France and worldwide, BNP Paribas has supported many projects by French Director Yann Arthus-Bertrand, for example 6 Billion Others and then 7 Billion Others. The Group is also a founding member of the Good Planet Foundation, launched by Yann Arthus-Bertrand in 2005 to make people more conscientiously aware of the environment and humanist values and encourage the will to take concrete steps to preserve our planet.
About BNP Paribas in Canada
For over 55 years, BNP Paribas in Canada has been helping Canadian businesses and institutions grow by offering them a full range of specialized financial services and investment products. With over 950 employees in offices in Montreal and Toronto, BNP Paribas in Canada combines a clear understanding of the Canadian landscape with global expertise.
About BNP Paribas
BNP Paribas is a leading bank in Europe with international reach. It is present in 72 countries, with more than 202,000 employees, of whom more than 154,000 are in Europe. The Group has key positions in its three major business areas: Domestic Markets and International Financial Services, whose retail banking and financial services networks are grouped into Retail Banking & Services, and Corporate & Institutional Banking, which focuses on corporate and institutional clients. The Group supports all of its customers (individuals, associations, entrepreneurs, SMEs, large businesses and institutions) in carrying out their projects by offering them financing, investment, savings and protection services. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leading specialist in retail financing in Europe. BNP Paribas is also developing its integrated retail banking model in the Mediterranean basin countries, Turkey and Eastern Europe and has a significant network in the West of the United States. In its Corporate & Institutional Banking and International Financial Services businesses, BNP Paribas enjoys leadership in Europe, a strong presence in the Americas, as well as a solid and fast growing business in Asia Pacific.
BNP Paribas Securities Services announces that it will provide global custody services for U.S. Bank in Western Europe
BNP Paribas Securities Services,a leading global custodian with USD 11.6 trillion in assets under custody[1], today announced that it will provide U.S. Bank, the fifth largest commercial bank in the US[2], with global custody services in 11 European markets (Austria, Belgium, Cyprus, France, Germany, Greece, Italy, the Netherlands, Portugal, Spain and Switzerland), as well as local custody services in the UK and Ireland. The relationship represents over USD 10 billion in assets.
BNP Paribas Securities Services’ global and multi-local expertise across asset classes, extensive proprietary network and in-depth knowledge of the European markets will help U.S. Bank continue to pursue new opportunities for growth in its global sub-custodian network.
Dale R. Smith, Executive Vice President, U.S. Bank Investment Services, commented: “We are pleased to launch this important relationship with BNP Paribas Securities Services. We selected BNP Paribas for its well-established custody services and extensive proprietary network, as well as its long-term, collaborative approach.”
Claudine Gallagher, Head of BNP Paribas Securities Services Americas, said: “This prestigious new relationship demonstrates that our client-driven approach to asset servicing, together with our international reach and growing US presence, are a major draw for financial institutions in the US.”
Patrick Hayes, Head of BNP Paribas Securities Services UK, Middle East and South Africa, said: “U.S. Bank needed a provider who could help it realise its investment ambitions in Europe. Working with us, U.S. Bank will benefit from the efficiencies of a centralised, global custody set-up, which will be serviced from the UK, combined with local market expertise and client support in key markets.”
BNP Paribas Securities Services is the fifth largest global custodian in the world by assets under custody. Since 2011, the bank has significantly expanded its local custody network, which now covers 26 markets, and has been growing its presence in key markets, including the US.
Climate Week NYC will take place September 23 -29 as world leaders convene for the United Nations General Assembly. Policymakers, business leaders and activists will highlight global climate action and discuss how all of us can work toward achieving the UN Sustainable Development Goals (SDGs) and accelerate change.
Climate Week NYC 2019 is based on several international events aimed to highlight and strengthen companies and institutional organizations’ commitment to saving the planet.
All these events will also show how finance can play a key role in reaching UN SDGs and accelerating change. BNP Paribas is leading the movement thanks to its strong commitment through #PositiveBanking and stopping working for non-sustainable sectors.
There will be:
– UNEP Summit: Principles for Responsible Banking on Monday 23rd, organized by the United Nations,
– Sustainable Future Forum on Monday 23rd, co-organized with Spark News,
– “A Plastic Ocean” – (private) film projection – on Wednesday 25th, with Craig Leeson, Director of “A Plastic Ocean” & BNP Paribas Global Sustainability Ambassador.
Follow us to get the latest news about #ClimateWeek:
Twitter – @BNPPamericas
As part of our strategy to be the bank for sustainable finance, Global Markets has invested in a specialised marketing company focused on high-impact forest conservation projects.
As part of our strategy to be the reference bank for sustainable finance, and to grow our business in voluntary emissions markets, we are proud to announce that Global Markets has invested a minority stake in Everland LLC, a specialised marketing company representing an established group of high-impact forest conservation projects.
The investment will give Global Markets better access to Verified Emission Reduction (VER) certificates originated by companies which Everland represents, and strengthen our origination capacity for these assets, which our clients can use to offset their carbon footprint on a voluntary basis. The move also deepens our insight into a dynamic and newly emerging market, adding to our existing credibility as an expert in this field.
Sustainable finance is a cornerstone of BNP Paribas’ strategy supported by every business line within the Group. FXLM.COMM has a significant role to play in this strategy, not least as a leading player in the carbon credit market. This investment furthers that position and clearly signals to clients that we are committed to helping them align their financial and sustainability goals.
Voluntary carbon reduction: a dynamic market
Regulated entities, in the EU and around the world, are required to offset their carbon production levels with carbon certificates (Emission Unit Allowances (EUAs) in the case of the EU). Separately however, an increasing number of our corporate and institutional clients are offsetting unavoidable emissions on a voluntary basis, for which they can use a different certificate, the VER.
These are generated by projects which actively prevent CO2 emissions being released into the atmosphere, for example by protecting threatened forest. For both EUAs and VERs, a single unit is equal to 1 ton of CO2 either released, or prevented from release, into the atmosphere.
FXLM.COMM is a major actor and market maker in EUAs, and has a long standing track record in the market for VERs, having actively facilitated implementation of carbon reduction projects for several years.
BNP Paribas Securities Services, a leading global custodian with USD 11.6 trillion in assets under custody*, today announces that it has been appointed as global custodian by Protección S.A. and has successfully onboarded Protección’s foreign portfolio of over USD 7.5 billion in assets.
This is a landmark mandate for BNP Paribas Securities Services in the Hispanic Latam market. Protección S.A. is one of the largest pension funds in Colombia with over USD 31 billion in assets**. One of its main shareholders is SURA Asset Management, which is a subsidiary of SURA Group, one of the largest Latin American financial conglomerates.
Jose Luis Escobar, COO of Protección S.A., commented:
“We chose BNP Paribas as global custodian for our foreign assets because of its global network and ability to help us access overseas markets more efficiently.”
Claudia Calderon, Head of Hispanic Latam at BNP Paribas Securities Services, commented:
“This is prestigious new mandate which highlights the strengths of our offering in Hispanic LatAm. As a growing pension fund with an international outlook, Protección will benefit from our global and multi-local expertise around the world.”
Since 2010, BNP Paribas Securities Services has rapidly expanded in the Americas, launching local custody and clearing in the United States, Brazil, Colombia and Peru.
BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. Backed by the strength of the BNP Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With local expertise in 36 countries and a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.
$500,000 scholarship program in partnership with BNP Paribas provides top-level training at John McEnroe Tennis Academy.
New York, NY, September 8, 2019 – Amid the excitement of the US Open in New York City, tennis greats John and Patrick McEnroe joined Jean-Yves Fillion,CEO of BNP Paribas USA, to announce the first seven scholarship athletes on the Johnny Mac Tennis Project’s TeamBNP Paribas Mac 1 roster on Saturday, September 7, 2019.
Back row: Patrick McEnroe, Matisse Farzam, Olivia Benton, Theadora Rabman, John McEnroe; Front row: Sebastian Sec, BNP Paribas US CEO Jean-Yves Fillion, Joseph Oyebog
This past March, the international bank and longtime tennis sponsor BNP Paribas joined forces with tennis greats John and Patrick McEnroe’s JMTP nonprofit, announcing the inception of the Team BNP Paribas Mac 1 program, backed by a yearly operating budget of $500,000. The program provides 10 young players ages 11-17, with a year of intensive tennis training through the John McEnroe Tennis Academy (JMTA) at Sportime Randall’s Island in New York City, under the direct supervision of Patrick and John McEnroe. The program also increases access to local, national and international tournaments and assist players in preparing for the demands of collegiate and professional tennis.
International bank BNP Paribas has been a dedicated partner to world tennis since 1973. The BNP Mac 1 program joins the “BNP Paribas Young Talent Team” suite of programs, launched in May 2018 with Jo-Wilfried Tsonga, and the French Tennis Federation, and including the “BNP Paribas Kids Fête le Mur Team” partnership with Yannick Noah.
“We’re incredibly excited to partner with BNP Paribas, a loyal and longtime supporter of tennis around the world, to provide the opportunity for young Americans to succeed at the highest levels of the sport,” said John McEnroe, Co-Founder of JMTA and JMTP. “Growing tennis in America, and particularly in my hometown of New York City, is a passion of mine, and I’m grateful for the support that BNP Paribas is providing to these talented young players on the BNP Paribas Mac 1 team, who really are poised to become the next big names in the game.”
“The partnership between the Johnny Mac Tennis Project and BNP Paribas on the BNP Mac 1 program is a major step in our mission of providing opportunity to kids who might not otherwise have a chance to advance to the apex of this great sport,” said Patrick McEnroe, Co-Director of JMTA and President of JMTP. “This program will address a major challenge to many young American tennis hopefuls, the cost of training and high-level tournament play. John and I are delighted to be working with BNP Paribas to support youth tennis and help mint the next great American tennis champion.”
The BNP Paribas Mac 1 Team roster includes the following players. Information about each player is featured in the “Player Cards” section of JMTP website. (Click here to download full set of Player Cards, or on names below for individual cards):
§Olivia Benton, 12, “This scholarship allows me to train and will help me not only with my pursuit of tennis, but throughout all aspects of my life.”
§Sebastian Sec, 15, “I really don’t know where I would be without this scholarship. I would love to be able to play professional tennis, or even just play at a Division 1 college.”
§Theadora Rabman, 14, “I love the John McEnroe Tennis Academy and could not be where I am today without it! I love how I can compete while still making amazing friends.”
§Joseph Oyebog, 11, “Tennis is the most important thing in my future. I am so appreciate of the BNP Mac 1 scholarship because it allows me train more and with stronger, more developed players and it will enable me to travel to tournaments.”
§Matisse Farzam, 12, “I’m always happy and feel at home on a tennis court. JMTA has helped me improve all aspects of my game and I love the atmosphere.”
§Summer Chandler, 11, “The Johnny Mac Tennis Project has helped me pursue my tennis dream with access to courts, amazing trainers and really great coaches.”
§Darren Huang, 12, “Receiving the BNP Mac 1 scholarship is a privilege and an honor. I will use it as motivation to be the best I can be, both in tennis and as a person”
Jean-Yves Fillion, CEO of BNP Paribas USA, added: “We are delighted to be supporting this program with the goal of developing tomorrow’s future tennis stars, and are honored to be partnering with Patrick and John to make this happen. This community-focused initiative is closely aligned with our many other tennis programs that use tennis to promote opportunity, equality and local engagement.”
Team BNP Paribas Mac 1 participants have been selected based on athletic criteria and financial need, as well as attitude, team-involvement and academic outcomes. The selection committee is composed of John McEnroe,Co-Founder of JMTA and JMTP and Mentor of the“Team BNP Paribas Mac 1”; Patrick McEnroe,President of JMTP and Co-Director of JMTA; and Lead Coach for the“Team BNP Paribas Mac 1”; Jordan Botjer,Executive Director of JMTP, Caryn Epstein,Head of Events and Sponsorships Americas at BNP Paribas. Scholarships are renewable annually at the discretion of the Selection Committee up to a maximum of 3 years.
PHOTO CAPTIONS(Credit: André Whitehead, NeON Photographers):
Deep caption: On Saturday, September 7, John and Patrick McEnroe announced the roster of BNP Paribas Mac 1 Team youth tennis scholarship players, whose training at John McEnroe Tennis Academy and tournament play will be funded through a partnership between the Johnny Mac Tennis Project and international band and longtime tennis sponsor BNP Paribas.
The wearetennis.com website and its social network accounts bring together a community of tennis lovers and dedicated fans from all continents who are keen to obtain the latest news from the Tour. Furthermore, in 2015 BNP Paribas created the We Are Tennis Fan Academy, which enables fans to express their passion for tennis as never before.
Today more and more corporations are developing corporate social responsibility (CSR) policies that take into consideration factors such as sustainability and the impacts of their actions. BNP Paribas has made CSR a focal point of its business strategy, embedding it into its operations and well as investment and financing strategies. The bank also fosters an environment of diversity and inclusion and encourages employees to take leading roles in its CSR efforts and civic initiatives. For its impressive efforts and accomplishments in these areas, Cardrates.com has recognized BNP Paribas with its Editor’s Choice™ Award for Corporate Social Responsibility.
On December 4, 2018, BNP Paribas visited the Nasdaq MarketSite in Times Square to ring the Opening Bell in celebration of the bank’s lasting partnership with Nasdaq. Bob Hawley, CEO of CIB Americas, was joined by BNP Paribas employees as he rang the Opening Bell to signal the start of the trading day.
Tal Cohen, Head of North American Equities at Nasdaq, kicked off the ceremony by highlighting BNP Paribas’ history and presence in the US and its collaboration with Nasdaq.
Prior to the bell ringing, Hawley gave a few words of thanks to the “tens of thousands of BNP Paribas Group employees, both those in the US and those around the world for their dedication and continued commitment.” He was also presented with the Opening Bell ceremony crystal on behalf of the bank.
The Opening Bell ceremony was broadcast live on Bloomberg, CNBC, Fox Business News and BNN, and was also live-streaming on the Nasdaq Tower in Times Square and on Nasdaq.com. In honor of the occasion, the Bank’s brand was displayed on the Nasdaq MarketSite tower in Times Square.
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