Crédit Agricole CIB receives the "Green Bond Pioneer Award" for the largest green bond underwriter from the Climate Bonds Initiative
This award strengthens Crédit Agricole CIB’s global leading position as an arranger in the green and social bond market
Crédit Agricole CIB receives the 2019 award for the largest arranger of green, social and sustainability bonds from the Climate Bonds Initiative at its annual conference which was held yesterday in London. Crédit Agricole CIB is the only European bank to receive an award as an underwriter.
The Climate Bonds Initiative is a British non-profit investor-focused organization that promotes large scale financings in the low carbon economy. Each year since 2016, it has given the “Green Bond Pioneer Awards” to all participants who, through their pioneering initiatives in support of climate finance, demonstrate the potential of green bonds, thereby energizing the market by involving investors, governments and economic players.
Since 2012, Crédit Agricole CIB is one of the global leaders in structuring and placing green, sustainability and social Bonds.
With 6.9% market share in 2018 (Source Dealogic), Crédit Agricole CIB ranked again as the #1 Bookrunner of Green, Social and Sustainability Bonds. In 2018, the bank led more than 50 benchmark transactions, amongst them La Poste, Prologis, ENEL, KBC Bank, RBI International, the Inter-American Development Bank, ICBC and Bank of China, the inaugural Green Bonds from the Kingdom of Belgium as well as the first Green EMTN Programme for Société du Grand Paris. In November 2018, Crédit Agricole CIB acted as sole-bookrunner of the highly successful Crédit Agricole S.A. €1bn inaugural Green Bond benchmark to support energy transition projects within the Crédit Agricole Group in all territories.
For Tanguy Claquin, global head of the Sustainable Banking team: “ We are very happy to receive this award which confirms Crédit Agricole CIB’s key role in the global green and social bond market, and our longstanding commitment to green finance. We are very proud of the trust our clients have placed in us. We are convinced this market has a very important role to play in financing the environmental transition, and we will continue to work towards this goal.”
In 2018, Crédit Agricole CIB won the Global Capital Award SRI for the fifth consecutive year, and the Best SRI Bond House IFR award for the fourth consecutive year.
Crédit Agricole CIB is the Corporate and Investment Banking arm of the Crédit Agricole Group, the world’s n°13 bank measured by Tier One Capital (The Banker, July 2018). The Bank offers its clients a comprehensive range of products and services in capital markets, investment banking, structured finance and corporate banking and provides support to clients in large international markets through its network with a presence in major countries in Europe, America, Asia Pacific and Middle East and North Africa.
For many years Crédit Agricole CIB has been committed to sustainable development. The Bank was the first French bank to sign the Equator Principles in 2003. It has also been a pioneer in Green Bond markets with the arrangement of public transactions from 2012 for a wide array of issuers (supranational banks, corporates, local authorities, banks) and was one of the co-drafter of Green Bond Principles and of the Social Bond Guidance. Relying on the expertise of a dedicated sustainable banking team and on the strong support of all bankers, Crédit Agricole CIB is one of the most active banks in the Green bonds market.