Climate change has multiple social implications on health, employment and wealth distribution.
The needed energy transition will only take place if it is fair and inclusive. To cite a concrete example, there will be no green growth without retraining people who work in sectors that are sure to disappear. We must also not lose sight of the necessity for North‑South solidarity, which is decisive in moving forward together. The latter is one of the major challenges of COP27, which will take place in Egypt in November 2022.
A SECURITIES ISSUE FOCUSED ON ENVIRONMENTAL AND SOCIAL TOPICS
As a sustainable financial advisor, BNP Paribas Corporate & Institutional Banking (CIB) supported Mercado Libre, the Latin American e‑commerce giant, in its inaugural US$1.1bn debt issue, which included a tranche of sustainable bonds for clean transport, land conservation and preservation, energy efficiency, renewable energies, green buildings and the prevention of pollution.