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BIC : POST-AGM 19 MAY 2021 PRESS RELEASE

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BIC readies ESG share buyback to fund education

BIC readies ESG share buyback to fund education
Published: Dec. 17, 2020 at 10:01 a.m. ET
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At least one share buyback from penmaker Societe BIC next year is set to help fund education, marking one of the latest ways to fuse corporate sustainability efforts with regular financial business.
Clichy, France-based BIC, known for its stationery, lighters and shavers, said Thursday that it would donate some funds from an upcoming share buyback to the BIC Corporate Foundation for Education and J-Pal, a nonprofit research center focused on education issues such as reducing school dropout rates. BIC said the program is the first of its kind in Europe. ....

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BIC and Exane BNP Paribas pioneer the first European Environmental Social and Governance (ESG) Impact Share Buyback Program

BIC and Exane BNP Paribas pioneer the first European Environmental Social and Governance (ESG) Impact Share Buyback Program
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SHELTON, Conn. and CLICHY, France, Dec. 17, 2020 /PRNewswire/ BIC today announced it will partner with Exane BNP Paribas to launch the first European ESG Impact Share Buyback Program, allocating funds to J-PAL, the global research center working to reduce poverty, and to the BIC Corporate Foundation for Education.
This innovative program is part of BIC s Capital Allocation policy to fund profitable growth and create value for all stakeholders. The ESG component is consistent with BIC s values, vision and mission to act as a responsible corporate citizen. ....

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