(IN BRIEF) BNP Paribas, in collaboration with Banque des Territoires and the European Investment Fund (EIF), has launched a new marketplace initiative called the BNP Paribas European Impact Bonds Fund 2. This fund aims to support the expansion of Impact Bonds across the European Union. With a target size of €70 million, the fund will finance projects that have a positive impact on society and the environment while promoting innovation in public policy. Strategic investors, including Banque des Territoires, EIF, and BNP Paribas Cardif, have joined forces to create the fund. Managed by BNP Paribas Asset Management, the fund will focus on addressing social needs and environmental challenges. Already, 10 projects have been selected for funding, covering areas such as employment for refugees and vulnerable youth, CO2 emissions reduction, and waste reduction. The launch event for the fund brought together project leaders, investors, and public authorities in Paris. This initiative aims to foster collaboration between the public, private, and social sectors and drive positive societal change across Europe.
(PRESS RELEASE) PARIS, 26-Jun-2023 — /EuropaWire/ — BNP Paribas (EPA: BNP), European Union’s leading bank, in partnership with Banque des Territoires and the European Investment Fund (EIF), is proud to announce the launch of its latest marketplace initiative – the BNP Paribas European Impact Bonds Fund 2. Building on the success of the first Social Impact Bonds fund introduced in France and the European Union three years ago, and in alignment with the recommendations of the Cazenave Report, this new fund aims to accelerate the growth of the Impact Bond market throughout the European Union. The target size of the fund is €70 million.
The creation of the fund is a collaborative effort between three strategic investors: Banque des Territoires, a division of Groupe Caisse des Dépôts; the European Investment Fund (EIF); and BNP Paribas Cardif, the insurance subsidiary of the BNP Paribas Group. Managed by BNP Paribas Asset Management, the fund will provide financing for projects that generate positive societal or environmental impacts, driving innovation in public policies while delivering cost savings for governments.
To mark the launch of the fund, BNP Paribas will convene project leaders, investors, and representatives from public authorities at L’Ascenseur in Paris, located in the 4th arrondissement, which serves as the headquarters for the first coalition for equal opportunities.
Impact Bonds serve as a unique financing tool that fosters collaboration between the public, private, and social and solidarity economy sectors. Their purpose is to generate innovative projects with positive societal or environmental impacts. Project leaders receive pre-financing from investors, and if the predefined impact objectives are met, the government reimburses the initial investment. This financing approach facilitates the widespread development of effective solutions grounded in local needs, emphasizing prevention and innovation in support of public policies, while enabling public authorities to avoid certain social and economic costs.
“Banque des Territoires is delighted to be subscribing to this new fund, which stems from an ambitious marketplace initiative. It will promote social innovation in the regions and, as such, is perfectly aligned with Banque des Territoires’ priority mission of social and regional cohesion for more inclusive regions.” Christophe Genter, Head of Social and Territorial Cohesion Department, Banque des Territoires.
The BNP Paribas European Impact Bonds Fund 2, with a target size of €70 million, counts among its strategic investors:
- Banque des Territoires, which has been actively involved in Social Impact Bonds in France since their inception in 2016.
- The EIF, providing substantial support for the development of Social Impact Bonds in Europe and France.
- BNP Paribas Cardif, dedicated to promoting societal innovation in regional areas and targeting an average annual positive impact investment objective of €1 billion between 2019 and 2025.
Drawing on the expertise and resources of these private investors, which prioritize societal impact, the fund will implement an investment strategy focused on addressing social needs and environmental challenges, particularly in the context of the just transition. In France, the fund will finance projects approved by the Ministries of Labour, Employment and Integration, Economy and Finance, and ADEME, with key areas of focus including the professional inclusion of disadvantaged youth, social reintegration of former prisoners or individuals with disabilities, circular economy initiatives, and the prevention of food waste.
“The EIF has been involved in the development of Social Impact Bonds since 2015, first in the UK, then in Finland for the integration of refugees, in the Netherlands for the reinstatement of soldiers, and in France for the alternative to incarceration for homeless and mentally ill people. In keeping with its principles, the EIF has also supported several Impact Bond fund managers in France and Sweden, directly and indirectly investing a total of €75 million in Impact Bonds. With the BNP Paribas European Impact Bonds Fund 2 and the support of the InvestEU programme, the EIF is confirming its aim of working towards a more sustainable market by supporting a team with expertise in the structuring and follow-up of Impact Bonds.” Roger Havenith, Deputy Chief Executive, EIF.
Already, the BNP Paribas European Impact Bonds Fund 2 has selected 10 projects for funding, which include:
- Facilitating lasting employment or providing training leading to qualifications for over 1,500 refugees, vulnerable youth, and individuals with disabilities.
- Aiming to avoid more than 16,000 tonnes of CO2 emissions.
- Promoting the reuse of over 5,000 tonnes of waste.
To effectively manage the fund and ensure successful project origination, BNP Paribas will leverage the experience gained from the pilot fund launched in 2019 in collaboration with its subsidiary, BNP Paribas Asset Management. The subsidiary specializes in impact investing and the management of solidarity funds, overseeing €2.7 billion in assets in this domain. Furthermore, BNP Paribas will utilize its dedicated team focused on structuring Impact Bonds. The €10 million pilot fund has been fully invested over the course of three years, supporting eight projects in areas such as child protection, combating school dropout rates, addressing homelessness among young people classified as NEET (not in employment, education, or training), and preventing falls among the elderly in France, Belgium, and the Netherlands. The innovative approaches employed by project leaders have already influenced changes in public policies.
Since 2016, BNP Paribas has successfully structured or co-structured 17 Social Impact Bonds (SIBs) in Europe, with a total value of €51 million. The bank has invested nearly €22 million in these SIBs.
“Impact Bonds help accelerate the development of projects that make a genuine contribution to better inclusion of vulnerable populations and to preserving the environment. Since 2016, BNP Paribas has acted as both structurer and investor in Impact Bonds, and we are delighted to continue creating the right conditions for their development alongside committed and prominent investors. Impact Bonds will play an increasingly important role in the coming years to support actions in favour of a fair transition.” Antoine Sire, Head of Company Engagement, BNP Paribas.
About de BNP Paribas
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.
About Banque des Territoires
Set up in 2018, Banque des Territoires is one of Caisse des Dépôts’ five areas of expertise. It brings together within a single structure all of our in-house expertise for local areas. As a one-stop shop for customers, it provides bespoke solutions in terms of consulting and financing through loans and investment to meet the needs of local authorities, social housing bodies, local public undertakings and the legal professions. It has been set up to serve the interests of all local areas alike, from rural municipalities to large cities, with the ambition of combating social inequality and territorial divisions. Banque des Territoires is also rolled out across Caisse des Dépôts’ 16 regional managements and 37 territorial offices so as to resonate more meaningfully with our customers, in their neighbourhoods.
For more attractive, including, sustainable and connected territories.
www.banquedesterritoires.fr @BanqueDesTerr
About the European Investment Fund (EIF)
The European Investment Fund (EIF) is part of the European Investment Bank Group. Its central mission is to support Europe’s micro, small and medium-sized enterprises (SMEs) by helping them to access finance. The EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, the EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth and employment.
Press contacts
BNP Paribas
Indira Salinas – +33 (0)7 89 56 44 79 – indira.salinas@bnpparibas.com
Astrid Sancho – +33 (0)7 62 52 36 41 – astrid.sancho@bnpparibas.com
Banque des Territoires/Groupe Caisse des Dépôts
Malek Prat – +33 (0)6 71 43 46 38 – malek.prat@caissedesdepots.fr
European Investment Fund
Christophe Alix – +33 (0)6 11 81 60 99 – c.alix@eib.org
SOURCE: BNP Paribas
- Astor Asset Management 3 Ltd: Salinas Pliego Incumple Préstamo de $110 Millones USD y Viola Regulaciones Mexicanas
- Astor Asset Management 3 Ltd: Salinas Pliego Verstößt gegen Darlehensvertrag über 110 Mio. USD und Mexikanische Wertpapiergesetze
- ChargeEuropa zamyka rundę finansowania, której przewodził fundusz Shift4Good tym samym dokonując historycznej francuskiej inwestycji w polski sektor elektromobilności
- Strengthening EU Protections: Robert Szustkowski calls for safeguarding EU citizens’ rights to dignity
- Digi Communications NV announces the release of H1 2024 Financial Results
- Digi Communications N.V. announces that conditional stock options were granted to a director of the Company’s Romanian Subsidiary
- Digi Communications N.V. announces Investors Call for the presentation of the H1 2024 Financial Results
- Digi Communications N.V. announces the conclusion of a share purchase agreement by its subsidiary in Portugal
- Digi Communications N.V. Announces Rating Assigned by Fitch Ratings to Digi Communications N.V.
- Digi Communications N.V. announces significant agreements concluded by the Company’s subsidiaries in Spain
- SGW Global Appoints Telcomdis as the Official European Distributor for Motorola Nursery and Motorola Sound Products
- Digi Communications N.V. announces the availability of the instruction regarding the payment of share dividend for the 2023 financial year
- Digi Communications N.V. announces the exercise of conditional share options by the executive directors of the Company, for the year 2023, as approved by the Company’s Ordinary General Shareholders’ Meetings from 18th May 2021 and 28th December 2022
- Digi Communications N.V. announces the granting of conditional stock options to Executive Directors of the Company based on the general shareholders’ meeting approval from 25 June 2024
- Digi Communications N.V. announces the OGMS resolutions and the availability of the approved 2023 Annual Report
- Czech Composer Tatiana Mikova Presents Her String Quartet ‘In Modo Lidico’ at Carnegie Hall
- SWIFTT: A Copernicus-based forest management tool to map, mitigate, and prevent the main threats to EU forests
- WickedBet Unveils Exciting Euro 2024 Promotion with Boosted Odds
- Museum of Unrest: a new space for activism, art and design
- Digi Communications N.V. announces the conclusion of a Senior Facility Agreement by companies within Digi Group
- Digi Communications N.V. announces the agreements concluded by Digi Romania (formerly named RCS & RDS S.A.), the Romanian subsidiary of the Company
- Green Light for Henri Hotel, Restaurants and Shops in the “Alter Fischereihafen” (Old Fishing Port) in Cuxhaven, opening Summer 2026
- Digi Communications N.V. reports consolidated revenues and other income of EUR 447 million, adjusted EBITDA (excluding IFRS 16) of EUR 140 million for Q1 2024
- Digi Communications announces the conclusion of Facilities Agreements by companies from Digi Group
- Digi Communications N.V. Announces the convocation of the Company’s general shareholders meeting for 25 June 2024 for the approval of, among others, the 2023 Annual Report
- Digi Communications NV announces Investors Call for the presentation of the Q1 2024 Financial Results
- Digi Communications intends to propose to shareholders the distribution of dividends for the fiscal year 2023 at the upcoming General Meeting of Shareholders, which shall take place in June 2024
- Digi Communications N.V. announces the availability of the Romanian version of the 2023 Annual Report
- Digi Communications N.V. announces the availability of the 2023 Annual Report
- International Airlines Group adopts Airline Economics by Skailark ↗️
- BevZero Spain Enhances Sustainability Efforts with Installation of Solar Panels at Production Facility
- Digi Communications N.V. announces share transaction made by an Executive Director of the Company with class B shares
- BevZero South Africa Achieves FSSC 22000 Food Safety Certification
- Digi Communications N.V.: Digi Spain Enters Agreement to Sell FTTH Network to International Investors for Up to EUR 750 Million
- Patients as Partners® Europe Announces the Launch of 8th Annual Meeting with 2024 Keynotes and Topics
- driveMybox continues its international expansion: Hungary as a new strategic location
- Monesave introduces Socialised budgeting: Meet the app quietly revolutionising how users budget
- Digi Communications NV announces the release of the 2023 Preliminary Financial Results
- Digi Communications NV announces Investors Call for the presentation of the 2023 Preliminary Financial Results
- Lensa, един от най-ценените търговци на оптика в Румъния, пристига в България. Първият шоурум е открит в София
- Criando o futuro: desenvolvimento da AENO no mercado de consumo em Portugal
- Digi Communications N.V. Announces the release of the Financial Calendar for 2024
- Customer Data Platform Industry Attracts New Participants: CDP Institute Report
- eCarsTrade annonce Dirk Van Roost au poste de Directeur Administratif et Financier: une décision stratégique pour la croissance à venir
- BevZero Announces Strategic Partnership with TOMSA Desil to Distribute equipment for sustainability in the wine industry, as well as the development of Next-Gen Dealcoholization technology
- Digi Communications N.V. announces share transaction made by a Non-Executive Director of the Company with class B shares
- Digi Spain Telecom, the subsidiary of Digi Communications NV in Spain, has concluded a spectrum transfer agreement for the purchase of spectrum licenses
- Эксперт по торговле акциями Сергей Левин запускает онлайн-мастер-класс по торговле сырьевыми товарами и хеджированию
- Digi Communications N.V. announces the conclusion by Company’s Portuguese subsidiary of a framework agreement for spectrum usage rights
- North Texas Couple Completes Dream Purchase of Ouray’s Iconic Beaumont Hotel
- Предприниматель и филантроп Михаил Пелег подчеркнул важность саммита ООН по Целям устойчивого развития 2023 года в Нью-Йорке
- Digi Communications NV announces the release of the Q3 2023 Financial Results
- IQ Biozoom Innovates Non-Invasive Self-Testing, Empowering People to Self-Monitor with Laboratory Precision at Home
- BevZero Introduces Energy Saving Tank Insulation System to Europe under name “BevClad”
- Motorvision Group reduces localization costs using AI dubbing thanks to partnering with Dubformer
- Digi Communications NV Announces Investors Call for the Q3 2023 Financial Results
- Jifiti Granted Electronic Money Institution (EMI) License in Europe
- Предприниматель Михаил Пелег выступил в защиту образования и грамотности на мероприятии ЮНЕСКО, посвящённом Международному дню грамотности
- VRG Components Welcomes New Austrian Independent Agent
- Digi Communications N.V. announces that Digi Spain Telecom S.L.U., its subsidiary in Spain, and abrdn plc have completed the first investment within the transaction having as subject matter the financing of the roll out of a Fibre-to-the-Home (“FTTH”) network in Andalusia, Spain
- Продюсер Михаил Пелег, как сообщается, работает над новым сериалом с участием крупной голливудской актрисы
- Double digit growth in global hospitality industry for Q4 2023
- ITC Deploys Traffic Management Solution in Peachtree Corners, Launches into United States Market
- Cyviz onthult nieuwe TEMPEST dynamische controlekamer in Benelux, Nederland
- EU-Funded CommuniCity Launches its Second Open Call
- Astrologia pode dar pistas sobre a separação de Sophie Turner e Joe Jonas
- La astrología puede señalar las razones de la separación de Sophie Turner y Joe Jonas
- Empowering Europe against infectious diseases: innovative framework to tackle climate-driven health risks
- Montachem International Enters Compostable Materials Market with Seaweed Resins Company Loliware
- Digi Communications N.V. announces that its Belgian affiliated companies are moving ahead with their operations
- Digi Communications N.V. announces the exercise of conditional share options by an executive director of the Company, for the year 2022, as approved by the Company’s Ordinary General Shareholders’ Meeting from 18 May 2021
- Digi Communications N.V. announces the availability of the instruction regarding the payment of share dividend for the 2022 financial year
- Digi Communications N.V. announces the availability of the 2022 Annual Report
- Digi Communications N.V. announces the general shareholders’ meeting resolutions from 18 August 2023 approving amongst others, the 2022 Annual Accounts
- Русские эмигранты усиливают призывы «Я хочу, чтобы вы жили» через искусство
- BevZero Introduces State-of-the-Art Mobile Flash Pasteurization Unit to Enhance Non-Alcoholic Beverage Stability at South Africa Facility
- Russian Emigrés Amplify Pleas of “I Want You to Live” through Art
- Digi Communications NV announces the release of H1 2023 Financial Results
- Digi Communications NV Announces Investors Call for the H1 2023 Financial Results
- Digi Communications N.V. announces the convocation of the Company’s general shareholders meeting for 18 August 2023 for the approval of, among others, the 2022 Annual Report
- “Art Is Our Weapon”: Artists in Exile Deploy Their Talents in Support of Peace, Justice for Ukraine
- Digi Communications N.V. announces the availability of the 2022 Annual Financial Report
- “AmsEindShuttle” nuevo servicio de transporte que conecta el aeropuerto de Eindhoven y Ámsterdam
- Un nuovo servizio navetta “AmsEindShuttle” collega l’aeroporto di Eindhoven ad Amsterdam
- Digi Communications N.V. announces the conclusion of an amendment agreement to the Facility Agreement dated 26 July 2021, by the Company’s Spanish subsidiary
- Digi Communications N.V. announces an amendment of the Company’s 2023 financial calendar
- iGulu F1: Brewing Evolution Unleashed
- Почему интерактивная «Карта мира» собрала ключевые антивоенные сообщества россиян по всему миру и становится для них важнейшим инструментом
- Hajj Minister meets EU ambassadors to Saudi Arabia
- Online Organizing Platform “Map of Peace” Emerges as Key Tool for Diaspora Activists
- Digi Communications N.V. announces that conditional stock options were granted to executive directors of the Company based on the general shareholders’ meeting approval from 18 May 2021
- Digi Communications N.V. announces the release of the Q1 2023 financial results
- AMBROSIA – A MULTIPLEXED PLASMO-PHOTONIC BIOSENSING PLATFORM FOR RAPID AND INTELLIGENT SEPSIS DIAGNOSIS AT THE POINT-OF-CARE
- Digi Communications NV announces Investors Call for the Q1 2023 Financial Results presentation
- Digi Communications N.V. announces the amendment of the Company’s 2023 financial calendar
- Digi Communications N.V. announces the conclusion of two Facilities Agreements by the Company’s Romanian subsidiary
- Digi Communications N.V. announces the conclusion of a Senior Facility Agreement by the Company’s Romanian subsidiary
- Patients as Partners Europe Returns to London and Announces Agenda Highlights
- GRETE PROJECT RESULTS PRESENTED TO TEXTILE INDUSTRY STAKEHOLDERS AT INTERNATIONAL CELLULOSE FIBRES CONFERENCE
- Digi Communications N.V. announces Digi Spain Telecom S.L.U., its subsidiary in Spain, entered into an investment agreement with abrdn to finance the roll out of a Fibre-to-the-Home (FTTH) network in Andalusia, Spain
- XSpline SPA / University of Linz (Austria): the first patient has been enrolled in the international multicenter clinical study for the Cardiac Resynchronization Therapy DeliveRy guided by non-Invasive electrical and VEnous anatomy assessment (CRT-DRIVE)
- Franklin Junction Expands Host Kitchen® Network To Europe with Digital Food Hall Pioneer Casper
- Unihertz a dévoilé un nouveau smartphone distinctif, Luna, au MWC 2023 de Barcelone
- Unihertz Brachte ein Neues, Markantes Smartphone, Luna, auf dem MWC 2023 in Barcelona
- Editor's pick archive....