Catalytic Finance Initiative verenigt banken en investeerders voor 8 miljard dollar voor duurzame projecten
NEW YORK–(BUSINESS WIRE)– Een consortium van belangrijke financiële instituten en investeerders hebben vandaag aangekondigd samen te werken onder het Catalytic Finance Initiative (CFI) om 8 miljard dollar aan toegezegde financiering voor duurzame investeringen met grote impact bijeen te krijgen. Partners van het CFI zijn AllianceBernstein (AB), Babson Capital Management LLC, dochteronderneming van Massachusetts Mutual Life Insurance Company (MassMutual), Crédit Agricole CIB, De Europese Investeringsbank (EIB), HSBC Group, International Finance Corporation (IFC), lid van de World Bank Group, en Mirova, een dochteronderneming van Natixis Group. Alle instanties hebben kapitaal en expertise toegezegd ten behoeve van de ontwikkeling en bevordering van innovatieve financieringsstructuren voor investeringen in schone energie en andere projecten met een focus op duurzaamheid. Daarnaast werkt de Aligned Intermediary, vertegenwoordiger van een groep institutionele langetermijninvesteerders, samen met enkele partners aan specifieke investeringsmogelijkheden. Deze bekendmaking volgt op de ratificatie van de Duurzame Ontwikkelingsdoelen van de Verenigde Naties en het historische klimaatakkoord in Parijs.
Catalytic Finance Initiative Brings Together Banks and Investors, Directs $8 Billion in Capital for High-Impact Sustainable Projects |
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NEW YORK–(BUSINESS WIRE)– A consortium of leading financial institutions and investors today announced a new partnership under the Catalytic Finance Initiative (CFI) to direct $8 billion in total commitments toward high-impact sustainable investments. Partners joining the CFI include AllianceBernstein (AB); Babson Capital Management LLC, a subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual); Crédit Agricole CIB; European Investment Bank (EIB); HSBC Group; International Finance Corporation (IFC), a member of the World Bank Group; and Mirova, a subsidiary of Natixis Group, all of which have pledged capital and expertise to develop and advance innovative financing structures for investments in clean energy and other sustainability focused projects. In addition, the Aligned Intermediary, representing a group of long-term institutional investors, will collaborate on specific investment opportunities with members of the partnership. This announcement follows last year’s ratification of the United Nations Sustainable Development Goals (SDG) and the historic climate agreement in Paris. It aims to promote the SDG objectives, including acting on climate change and advancing access to clean energy and water. The CFI was originally launched by Bank of America in 2014 with a $1 billion commitment and a goal to stimulate at least $10 billion in new investment into high-impact clean energy projects through additional partnerships. Today, it has expanded to include several leading financial organizations with their own capital commitments. By working together, this leading group of global financial institutions and investors can combine their efforts to increase funding and significantly accelerate the transition to clean energy solutions and advancing the SDGs. CFI partners bring expertise in a broad range of financial specialty areas. This includes clean energy infrastructure finance, green bonds, project finance, green asset-backed securities, emerging markets investment and advisory assistance, and approaches to blending public and private finance. In a joint statement, CFI partners highlight the importance of this initiative: “Financial innovation and capital play a critical role in the transition to a low-carbon economy. Through the Catalytic Finance Initiative and this joint partnership, together we can support the transition to a low-carbon economy and sustainable growth. By providing $8 billion in commitments, we can help to advance new investment opportunities in clean energy as well as other sustainable development goals and achieve the necessary scale for a positive impact on climate change.” The Aligned Intermediary Specifically, AI will source, screen, conduct due diligence, and structure transactions that satisfy specific goals related to risk-adjusted financial rates of return for each partner, as well as assist in deal monitoring and facilitating post-close value creation for the life of an investment when requested. Additional information about AI can be found at www.alignedintermediary.org. AB At December 31, 2015, AB Holding owned approximately 36.7% of the issued and outstanding AB Units and AXA, one of the largest global financial services organizations, owned an approximate 62.8% economic interest in AB. Additional information about AB may be found on our website, www.abglobal.com. Babson Capital Management LLC Bank of America Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated, which is a registered broker-dealer and member of SIPC, and, in other jurisdictions, a locally registered entity. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed. Visit the Bank of America newsroom for more Bank of America news, and click here to register for news email alerts. Crédit Agricole Corporate and Investment Bank
The Bank provides support to clients in large international markets through its network with a presence in major countries in Europe, America, Asia Pacific and the Middle East. For more information, please visit its website at www.ca-cib.com. European Investment Bank (EIB) As the largest multilateral borrower and lender by volume, the EIB provides finance and expertise for sound and sustainable investment projects which contribute to furthering EU policy objectives. More than 90% of activity is focused on Europe but also supports the EU’s external and development policies. The HSBC Group HSBC Global Banking & Markets IFC Mirova Mirova offers a global responsible investing approach involving Equities, Fixed Income, General and Renewable Energy Infrastructure, Impact Investing, and Voting and Engagement. It has €6.1 billion in assets under management and €42.9 billion in Voting and Engagement. Its team of circa 60 multidisciplinary experts includes specialists in thematic investment management, engineers, financial and environmental, social and governance analysts, project financing specialists and experts in solidarity finance. Limited liability company –Share capital A 7 461 327.50 – Regulated by AMF under n° GP 02-014 – RCS Paris n°394 648 216 MIROVA is a NATIXIS ASSET MANAGEMENT subsidiary Source: Mirova – 31/12/2015 View source version on businesswire.com: http://www.businesswire.com/news/home/20160405006846/en/ Contacts Reporters May Contact: |
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