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Natixis Corporate & Investment Banking and Enel agree KPI linked foreign exchange framework

Natixis Corporate & Investment Banking and Enel agree KPI linked foreign exchange framework 1

Natixis Corporate & Investment Banking (Natixis CIB) and Enel have reached an agreement to  link foreign exchange derivatives transactions between the parties to Enel’s medium-to-long  term sustainability targets in accordance with Enel’s existing Sustainability-Linked Financing  Framework. 

Under the framework, FX options, forwards and swaps executed between Natixis CIB and Enel  accumulate a sustainability incentive that Natixis CIB will transfer to Enel upon its achievement of its  December 2022 renewable consolidated installed capacity objective, to be verified by an independent  third party.

Julien Duquenne, Co-Head of Green & Sustainable Finance, Origination & Advisory, EMEA, Natixis  Corporate & Investment Banking said: “We are proud to support Enel in reaffirming its core strategic  principles and pursuing its ecological transition by providing an innovative financial solution to align its  forex derivatives transactions with its sustainable principles.”

Cristiano Marinoni, Senior Solution Sales, Italy and Laurent Guillaume, Expert Leader FX Financial  Engineering at Natixis Corporate & Investment Banking said: “Through this agreement with Enel, Natixis  further cements its positioning as a go-to financial partner for its clients’ energy transition strategies,  extending it for the first time to foreign exchange market activities.”

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