Green Bond Impact and Compliance Report
Post-Issuance Verification of Green Asset Pool as of Dec 2020
ISS ESG‣
ISS ESG ASSESSMENT SUMMARY
EY
SPO SECTION
SUMMARY
EVALUATION
Sustainability
quality of the
green bond
portfolio
The portfolio is aligned with the ESG selection criteria described by the Issuer's
Framework.
The overall sustainability quality of the green bond portfolio in terms of
sustainability benefits, risk avoidance and minimisation is good based upon
the ISS ESG assessment. The green bond is (re-)financing eligible asset
categories including renewable energy, green buildings, pollution prevention
and control, energy efficiency and clean transportation.
Those use of proceeds categories have a significant contribution to SDGs 7
"Affordable and clean energy", 11 "Sustainable cities and communities", 12
"Responsible consumption and production" and 13 "Climate action". The
environmental and social risks associated with those use of proceeds
categories have been well managed.
Positive
Annex 1:
Green bond
link to issuer's
sustainability
strategy
Annex 2:
Alignment
with GBPs
According to the ISS ESG Corporate Rating published on 12.03.2021, the issuer
shows a high sustainability performance against the industry peer group on
key ESG issues faced by the financials/commercial banks and capital markets
sector. The issuer is rated 1st out of 285 companies within its sector.
The Use of Proceeds financed through this bond are consistent with the
issuer's sustainability strategy and material ESG topics for the issuer's industry.
The rationale for issuing green bonds is clearly described by the issuer.
The issuer has defined a formal concept for its Green Bond Framework
regarding use of proceeds, processes for project evaluation and selection,
management of proceeds and reporting. This concept is in line with the ICMA
GBPS. The full assessment can be found on BNP Paribas's website.
Consistent
with issuer's
sustainability
strategy
Positive
"Report of the independent verifier on BNP Paribas' 2020
Green Bond Reporting on the compliance of the green assets
selected for the Green Bonds with BNP Paribas' Green Bond
Framework, on the impact reporting provided to investors and
on the management of the net proceeds"
"
"...we hereby present our report on BNP Paribas' 2020 Green
Bond Reporting (available on BNP Paribas' website) on (i) the
compliance of the green assets selected for the Green Bonds
issued in November 2016, April 2018, February 2019,
November 2019 and October 2020 with BNP Paribas' Green
Bond Framework (as of September 2020 and available on BNP
Paribas' website), (ii) the impact reporting of the green assets
for the year 2019, and (iii) the management of the net proceeds
(as of December 31, 2020)."
"In our opinion, the green assets selected for the 2016, 2018,
2019 and 2020 Green Bonds issued by BNP Paribas and the
impact indicators mentioned in the annual use of proceeds
reporting, comply, in all material aspects, with BNP Paribas's
Green Bond Framework."
BNP PARIBAS
The bank for a changing world
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