Natixis to issue green structured note in Groupe Gan Vie life insurance policies aimed at supporting the fight against climate change

Natixis to issue green structured note in Groupe Gan Vie life insurance policies aimed at supporting the fight against climate change

(PRESS RELEASE) PARIS, 29-Apr-2019 — /EuropaWire/ — Natixis and Groupama Group‘s subsidiary Groupama Gan Vie will launch the first green structured note aimed at supporting the energy transition. The innovative unit-linked insurance product will be issued by Natixis (Issuer: Natixis S.A. [Standard & Poor’s A+, Moody’s A1, Fitch Ratings A+]). Ratings as at April 26, 2019. Rating agencies may alter these ratings at any moment) and will be called Porphyre Climat Septembre 2019. It will be launched on 1 May 2019 as part of Groupe Gan Vie life insurance policies that are going to be distributed by the Groupama regional mutuals, Gan Patrimoine and Gan Assurances.

The green structured note reflects Natixis and Groupama’s proactive approach and commitment to the fight against climate change. The partnership also affirms their intention to offer savers fully transparent responsible investment options.

The new note will be used to directly finance renewable energy projects ensuring more environmentally-respectful energy production.

The payoff will be linked to the Euronext® Climate Objective 50 Euro EWD5 (ECO5E) index that combines 50 eurozone stocks chosen for their environmental commitment and ability to offer products and services compatible with a low-carbon economy.

The funds raised through the new green structured note will be invested exclusively in wind, solar, hydraulic and biomass projects that meet certain responsible management criteria. Each year an external auditor will trace and verify the funds allocated. Furthermore, the funds will also be assessed by an extra-financial environmental ratings agency.

Commenting on the new green structured note, Elie Bitton, Head of EMEA Sales and Global Head of Financial Engineering, Natixis Global Markets, said:

“We are proud today to be able to offer an investment solution that is 100% committed to the climate, and we thank Groupama for its trust and confidence in this high-profile operation.”

Guillaume Pierron, Deputy Chief Executive Officer, Groupama Gan Vie added:

“Developing our offering of unit-linked securities that give exposure to major climate, biodiversity and social responsibility themes is wholly aligned with the very reason for our Group’s existence. We particularly appreciated Natixis’ approach and ability to seek real commitments from the companies concerned. We plan to continue down this route by gradually rounding out our range of green and responsible unit-linked investment solutions.”

Natixis is a subsidiary of Groupe BPCE, which is the second-largest banking group in France. Natixis employs nearly 16,000 people across 38 countries. Natixis, listed on the Paris stock exchange, has a solid financial base with a CET1 capital under Basel 3(1) of €11.8 billion, a Basel 3 CET1 Ratio(1) of 10.8 % and quality long-term ratings (Standard & Poor’s: A+ / Moody’s: A1 / Fitch Ratings: A+).

Groupama Group is one of the leading mutual insurers in France and is active in 10 countries. The Group serves 12 million members and customers with its 32,000 employees throughout the world and has premium income of €14.3 billion.

Groupama Gan Vie is the exclusive life company of the Groupama Group with premium income of €3.9 billion in 2018. Groupama Gan Vie offers conception, subscription and management of life and health insurance (saving, retirement and health) offered by the five distribution networks of the Group (Regional Mutuals, Gan Assurances, Gan Patrimoine, Gan Prévoyance and Gan Eurocourtage).

Media contacts: 

Groupama
Joséphine Leblanc
josephine.leblanc@groupama.com
+33 1 44 56 32 34

Natixis
Sarah Whitehead
sarah.whitehead@finnpartners.com
+44 20 7377 4996

SOURCE: Natixis