Corporate
Announcements prior to September 2017, including this announcement, occurred under previous ownership.
16 November 2016
BCP enlisted UK Green Investment Bank plc (GIB) to produce a Green Impact Report on the projects to be refinanced by the BCP bond. The report outlines GIB’s assessment of the greenhouse gas emissions, air pollutant emissions and fossil fuel consumption expected to be avoided by those projects.
The report concludes that the projects will have a positive green impact. It further notes that the bond will contribute to environmental sustainability objectives that are the cornerstone requirement of the Green Bond Principles, as defined and promoted by the International Capital Market Association.
The findings of the report are based on the methods that GIB has developed to assess the green impact of its own investments. It is the first time that GIB has applied this approach to projects financed by third parties or the review of a green bond.
GIB is now discussing the commercial application of its green impact reporting methodology with other market participants.
Gavin Templeton
Head of Sustainable Finance, GIB
Si Mohammed Hajjam
Head of Project Finance, BCP
The Green Impact Report is available here.
The Moroccan financial regulator L’Autorité Marocaine du Marché des Capitaux has made the bond’s preliminary prospectus available here.
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About Banque Centrale Populaire
Banque Centrale Populaire SA is a Morocco-based bank engaged in the provision of financial products and services. Its portfolio includes accounts, cards, credit facilities, insurances and investment management, among others. Its products are targeted at individuals, professionals and businesses.