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In 2014 BNP Paribas formed a partnership with the World Bank to launch green growth bonds. Linked to the BNP Paribas-designed Ethical Europe Equity Index, these investments allow clients to benefit from growth of an equity index and, at the same time, support projects with a positive climate impact financed by the World Bank.
The bonds have been a success, raising $450 million through 10 transactions in more than 10 countries in Asia Pacific, EMEA and the Americas. The issues drew in institutional, private banking and other investors.
This impressive initiative was one of the reasons BNP Paribas wins one of the Euromoney Achievement in CSR awards. The bank has recently redoubled efforts to bring CSR into the heart of its business.
“There was a need to get CSR back to the core,” says Laurence Pessez, head of CSR at the bank. “The staff need to be proud of what we are doing on a day-to-day basis.”
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There was a need to get CSR back to the core. |