BNP Paribas was named Sustainable Finance Bank of the Year for Latin America by LatinFinance, a leading source of intelligence on the financial markets and economies of Latin America and the Caribbean. The LatinFinance 2020 Banks of the Year Awards celebrate the financial institutions in Latin America and the Caribbean that best demonstrated excellence in retail, commercial and investment services over the past year.
LatinFinance recognises the Bank's leadership and product innovation in the region
This award recognises BNP Paribas' leadership in leveraging sustainable finance across Latin America, in particular through transactions that aim to help address social needs and relief efforts during the Covid-19 pandemic.
"We are honoured to receive this award fromLatinFinance in recognition of our commitment to help our clients in the region as they accelerate their transitions to a lower carbon economy," says Florence Pourchet, Head of CIB Latin America and CSR Americas. "We continue to see a collective desire from issuers and investors to support sustainable finance initiatives that promote the UN Sustainable Development Goals."
The award follows similar honours from The Banker, which named BNP Paribas Investment Bank of the Year for Social Bonds and Investment Bank of the Year for Sustainable FIG financing, in recognition of BNP Paribas' leading role in Covid-19 related issuance throughout the pandemic.
|A year of firsts|
In 2020, BNP Paribas emerged as a leading facilitator of sustainability-related transactions for both corporations and institutions across Latin America. The Bank has also facilitated numerous transition finance arrangements for firms seeking to integrate sustainable programmes and practices as they move to an operating model with lower carbon emissions. Many of these deals represent the first or largest implementation of novel sustainable finance initiatives, including: