Energy transition

Transforming by building a sustainable world

The development of renewable energies was a core subject of discussion at the COP21 climate conference in November 2015 and is one of the main vectors for countries to cut their greenhouse gas emissions.

We support the development of sustainable energy and financed 38 new sustainable energy projects around the world in 2015, representing 65% of energy projects supported by the Bank overall.
Natixis has a track record of working proactively alongside clients to foster sustainable economic development. Our array of global expertise today covers the full set of energy transition issues.

Natixis also offers clients investment instruments devoted to fighting climate change, particularly through the specialist SRI subsidiary, Mirova. As an active member of the Green Bond Principles, Natixis supports the development of the fast-expanding green-bond market. The Bank also runs some of the largest multidisciplinary research teams on the market and strives to introduce methodological innovations that measure the contributions made to energy transition by individual projects.
Natixis also made two major commitments in 2015: the end to financing the coal industry worldwide and the signature of the Paris Action Climat charter with a view to limiting greenhouse gas emissions from the Bank’s various premises in the Paris area.

* SRI: Socially Responsible Investment

Financial institutions have a duty to accentuate the efforts already made to develop renewable energies around the world. The decision to end financing for the coal industry marks an important stage in our commitment to protecting the environment.” -  Laurent Mignon, Chief Executive Officer, Natixis


Abstract from Target 2016, Natixis corporate document  

Energy transition

Natixis ceases financing coal industries

Natixis decided to end its financing of coalfired power plants and thermal coal mines, and to no longer accept new advisory or arrangement mandates linked to financings of this type. Natixis is the only bank to have made such a commitment for its activities worldwide. As part of its general purpose financings, Natixis also decided not to finance companies whose business is over 50% reliant on coal.

Abstract from Target 2016, Natixis corporate document  

The first green-bond fund labeled by Novethic

Reconciling financial performance and environmental preservation

The Fonds Vert Novethic* (Novethic green fund) label is awarded to funds that invest in businesses delivering solutions that preserve the environment. The label is awarded after an audit by an expert independent organization and provides a guarantee to investors that the funds concerned contribute to sustainable development objectives. The Natixis Asset Management subsidiary Mirova received the label in 2015 for its Mirova Green Bond-Global fund, the first green bond fund labeled by Novethic. These bonds finance green growth through specific environment-related projects.

* Novethic.fr

Mirova Green Bond-Global is a French-law mutual fund managed by Mirova. It is approved by AMF and authorized for marketing solely in France. It presents a risk of capital loss. References to a label are not predictive of the future results of the fund or the fund manager.

Abstract from Target 2016, Natixis corporate document  

BPCE issues its first green bond

BPCE completed its maiden issue of green bonds for a total amount of €300m and with a seven-year maturity.

In accordance with Green Bond Principles, the issue will be used to finance renewable-energy production projects (wind, solar and biomass) selected by Natixis’ specialist renewable-energy financing subsidiary, Natixis Energeco. The issue proved a big success and finally attracted €1.2bn of demand from over 100 investors.

Abstract from Target 2016, Natixis corporate document  

NXS Climate Optimun Prospective

Reallocating investments to "clean" companies

NXS Climate Optimum Prospective, Natixis’ first climate index, selects the 50 European companies best-rated for their energy performance and ability to offer products and services compatible with a low-carbon economy. The index allows investors to reallocate their funding toward cleaner companies. The portfolio’s carbon footprint is currently 50% below that for an equity index like the Eurostoxx 50*.

* Equity index developed by Stoxx and calculated on the basis of the euro zone’s 50 largest capitalizations.

Abstract from Target 2016, Natixis corporate document  

SuRe®

A new label for sustainable infrastructure

In pursuit of the United Nations’ sustainable development goals, Natixis and Switzerland’s Global Infrastructure Basel foundation teamed up to create the SuRe®* sustainable development label. Launched during the COP21 climate conference, the SuRe® label identifies the infrastructure projects that demonstrate social and / or environmental benefit and have been designed responsibly to be more resilient. It enables public entities and industrial sponsors to promote labeled projects for the purpose of attracting more financing. The label also helps institutional investors identify projects with the potential to enter SRI** funds or associated with long-term themes such as energy transition.

* Standard for SUstainable and REsilient Infrastructure
** Socially responsible investment

Abstract from Target 2016, Natixis corporate document  

Mirova et Carbone 4

Mirova et Carbone 4 pool their expertise to measure businesses' contributions to energy transition

Current carbon footprint measurement methodologies are sometimes insufficient for assessing a portfolio’s contribution to low-carbon economy issues. Recognizing this deficiency, Mirova teamed up with Carbone 4 to codevelop a methodology that not only takes account of direct emissions, but also the impacts associated with supply chains and product usage. These methodological principles are shared with all investors keen to incorporate climate-related risks and opportunities into their investment decisions.

Abstract from Target 2016, Natixis corporate document  

Akuo Energy, the EIB and Natixis Energeco

Reassert their long-term co-operation

Akuo Energy, France’s foremost independent renewable energy producer, and the European Investment Bank (EIB) have launched a €329m investment program designed to finance nine electric power plants in France. Natixis’ specialist renewable energy financing subsidiary, Natixis Energeco, was involved in structuring the first stage of the transaction concerning five wind, solar and biomass projects. As a longstanding partner of Akuo Energy and the EIB, Natixis arranged a large portion of their investments for the program and reasserted its commitment to sustainable energy financing.
 

My warm thanks go to Natixis Energeco for its unrelenting support for Akuo since our foundation and for its latest contribution to the success of this new program.”
Eric Scotto, co-founder and President of Akuo Energy

 

Abstract from Target 2016, Natixis corporate document  

Cobra

© Grupo Cobra

Financing energy transition the world over

Offering 129.25MW of combined power, the contiguous Marcona and Tres Hermanas sites are set to become Peru’s largest wind farm. Natixis participated in financing these two sites on behalf of Cobra, one of the world’s largest energy and environmental infrastructure groups, by offering a customized solution comprising several different types of debt instrument. The deals underline Natixis’ commitment toward its clients worldwide and particularly in Latin America where the Bank is expanding.

Abstract from Target 2016, Natixis corporate document