Financial services firm Natixis has joined forces with a life insurance subsidiary of French mutual insurer Groupama Group to roll out a green structured note to help fight climate change.
Issued by Natixis, the structured note, Porphyre Climat Septembre 2019, will be launched on 1 May 2019.
It will be offered via Groupama Gan Vie’s life insurance policies through three of the group’s distribution networks.
The funds collected will be invested exclusively in wind, solar, hydraulic and biomass projects.
The pay-out is linked to a climate index (ECO5E) on the Euronext stock exchange, which comprises 50 eurozone hand-picked stocks dedicated to offering products and services for a low-carbon economy.
Growing the green offering
“Developing our offering of unit-linked securities that give exposure to major climate, biodiversity and social responsibility themes is wholly aligned with the very reason for our group’s existence,” said Guillaume Pierron, deputy chief executive of Groupama Gan Vie.
“We particularly appreciated Natixis’ approach and ability to seek real commitments from the companies concerned.
“We plan to continue down this route by gradually rounding out our range of green and responsible unit-linked investment solutions.”
