Tanguy Claquin, Head of Sustainable Banking, Credit Agricole CIB will be the EACB representative in the new Expert Group that has the mandate to assist the Commission in the development of an EU taxonomy of climate change mitigation, climate change adaptation and other environmental activities, an EU Green Bond Standard, other climate-related metrics. Mr. Claquin will be involved in the work stream on EU Green Bond Standard*.
A green banker with a true scientific background, Mr. Claquin has a profound expertise having arranged more than 300 green, social and sustainability bonds since 2012 at Credit Agricole CIB ( elected Best SRI/Green Bond House in 2014, 2015, 2016 and 2017 by the market survey organised by Global Capital). He has been one of the initial co-authors of the Green Bond Principles (“GBP”) in 2014 and currently is Member of the GBP Executive Committee.
“We are glad to be able to bring the voice of co-operative banks to this new expert group that has a crucial role in shaping the sustainable finance framework in EU", Herve Guider, EACB General Manager commented: “Sustainable finance is part of the core business of co-operative networks with their focus on serving SMEs, households and individuals throughout the regions of Europe and directing resources to improve the environment and a more cohesive social fabric in a long-term approach. This is why we think it is highly valuable to bring our co-operative banks specific views, experiences and contributions to the EU Commission’s working group, relying on the profound expertise of Mr. Claquin and mobilising EACB Members on this extremely important initiative. The EU Commission can count on our commitment.”
Tanguy Claquin commented: “As a person who dedicated his career to climate, from research to finance, as a European citizen and as cooperative banker motivated by the long term impact of my actions on society, I am honored to represent the EACB in the Technical Expert group on Sustainable Finance of the EU Commission , declared Mr. Claquin, “ I come to the group with two important convictions: first, Green Bond markets are successful only when issuers are ambitious on the green quality of the assets and level of disclosure. An EU taxonomy and a Green Bond standard will have to take this aspect into consideration. The quality will drive the quantity. Second, there is an opportunity – now - in Europe to design commonly recognized green finance standards, because views are much more aligned among investors than people usually think. This alignment of views is a great chance for Europe, and the expert group should seize it.”
Note to editors:
*Banks belonging to the EACB membership have always been very active in the Green Bond markets- as arrangers, as issuers and in the market governance. On the governance, 3 among 8 banks which are members of ICMA Green Bond Principles, are co-operatives and are part of the governing Executive Committee- which represents a remarkable market share. Furthermore, Credit Agricole CIB was the first European bank to co-author the Green Bond Principles in 2014, while Rabobank and DZ Bank have been early supporters of the initiative. On the arrangement side, investment banks members of the EACB have a >11% market share in the total underwriting of Green Bond, Social Bonds and Sustainability Bonds on a global basis, according to Bloomberg. This underlines the importance of EACB banks as a very experienced group of underwriters (combining Credit Agricole, Natixis, Rabobank, DZ Bank, Raiffeisen and CréditMutuel).
On the issuance side, several EACB Banks have been regular issuers of Green Bonds and Social Bonds with a market share of 20%(i)