Barclays creates new Sustainable and Impact Banking Group
29 Octubre 2019 - 1:30PM
Business Wire
Newly created group centralizes Barclays’ work with new,
high-growth clients solving global environmental and social
challenges, and with clients seeking sustainable financing
Barclays today announces the launch of a new Sustainable and
Impact Banking group, led by Brian Reilly, Global Head of
Sustainable and Impact Banking. The newly created group will focus
on identifying new, high-growth clients that are solving global
environmental and social challenges, and advising existing Banking
clients on sustainable growth strategy and finance.
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“We believe that sustainability and social impact will be a
significant area of growth in the years to come, and it is
important for Barclays to identify and actively pursue areas of
growth in the market in order to best serve our clients,” says Joe
McGrath, Global Head of Banking. “Through the creation of a new
coverage group dedicated to this rapidly growing universe of
companies, Brian and his team will be able to leverage our existing
expertise to provide the advice and financing that these companies
need to accelerate their growth and scale up their impact.”
By working in partnership with existing coverage teams at
Barclays to both support and lead client relationships, the
Sustainable and Impact Banking group will identify and cover new
companies, most of them emerging growth companies, focused on
sustainability or social impact, and will advise such companies on
financing and strategic opportunities. The group will also work
with environmental, social and governance (“ESG”) investors,
building unique insights into this rapidly growing investor base in
order to advise both existing and new clients of Barclays on ESG
metrics and positioning.
“Companies with a stated mission of addressing the world’s most
pressing societal and environmental challenges are continually
emerging in every sector,” adds Brian Reilly. “In parallel,
established global companies are both integrating sustainability
into their corporate strategies and looking to partner with
innovative, start-up firms. Corporations across the world are
embracing the idea that positive social impact goes hand-in-hand
with shareholder returns.”
The new group will build on Barclays’ existing credentials in
sustainable banking, having advised on equity offerings and private
placements for corporations operating across the ESG space;
sustainability-linked credit facilities – including the first ever
in the US; and more than $57 billion of green, sustainable or
social bonds for clients since January 2018, including the first
ever from a UK bank.
The Sustainable and Impact Banking group will incorporate the
Social Impact Banking initiative, launched in early 2018 under the
leadership of Jed Lynch in the Americas and May Jaramillo in EME.
The team will also partner closely with Debt Capital Markets,
specifically Susan Barron, Global Head of Green and Sustainable
DCM, and with the Private Capital Markets team, headed globally by
Angus Whelchel.
Reflecting the importance of sustainability at Barclays across
the entire firm, the Sustainable and Impact Banking team will work
with the Sustainability & ESG team to coordinate and contribute
to Barclays’ sustainability and climate change strategy, and will
leverage the team’s intelligence in global ESG matters.
“As one of the largest investment banks in the world, we have a
significant opportunity to align our corporate commitment to ESG
with the work of our client-facing teams,” adds Elsa Palanza,
Global Head of Sustainability & Citizenship. “I look forward to
partnering with Brian and his team – and with other colleagues
across Barclays – to help accelerate our work with the companies
and entrepreneurs who are building the solutions to the world’s
environmental and social challenges.”
Barclays has long been a pioneer in sustainable banking. In June
this year, Barclays hosted its second annual Green Frontiers event,
bringing together investors and financiers to discuss the growing
challenge of climate change. In 2016, Barclays and Unreasonable
Group, co-founded Unreasonable Impact, an accelerator program, led
by Deborah Goldfarb, Global Head of Citizenship at Barclays Bank
PLC, aimed at supporting growth-stage entrepreneurs whose ventures
have the potential to employ thousands of people worldwide while
solving some of the most world’s most pressing social and
environmental challenges. Barclays’ Social Innovation Facility
incubates financial products and services that will have a
sustained social or environmental impact, including a number of
Impact Series reports from Barclays Researchi.
Brian Reilly was previously Chairman of Global Equity Capital
Markets in Banking. He has more than two decades of experience in
the capital markets and in mergers and acquisitions.
_____________________ i Reports include: ESG investing yields
positive returns in select bond markets, published October 2018,
and An uneasy alliance: can the world be less reliant on oil?,
published May 2019.
Barclays is a transatlantic consumer and wholesale bank offering
products and services across personal, corporate and investment
banking, credit cards and wealth management, with a strong presence
in our two home markets of the UK and the US. With over 325 years
of history and expertise in banking, Barclays operates in over 40
countries and employs approximately 83,500 people. Barclays moves,
lends, invests and protects money for customers and clients
worldwide. For further information about Barclays, please visit our
website www.barclays.com. Barclays offers investment banking
products and services in the US through Barclays Capital Inc.
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Press: Mark Lane +1 212
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