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07/06/2017

What if finance went green?

ENGIE is a perfect example of environment ally. With its 2nd green bond, it reinforces its position of green and responsible player and accelerates its energy transition.

Thanks to the issuance of a new green bond, the French multinational energy company will be able to invest in renewable energy projects such as wind or photovoltaic fields and hydroelectric plants, but also in energy efficiency projects and natural resources conservation.

Indeed, this € 1.5 billion bond emission, made possible thanks to the coordination of Societe Generale, will be devoted to projects meeting environmental, social and governance criteria, called ESG criteria and defined by ENGIE.

"This green bond is a good example of a long-lasting commitment that goes hand in hand with Societe Generale's strong ambitions for socially responsible investments."
Hubert Preschez, the transaction’s Senior Banker 

 

This implies that these projects have to fit into the following themes:

  • Fight against climate change and preservation of resources
  • Environmental management
  • Biodiversity
  • Dialogue with stakeholders
  • Business ethics
  • Human Rights
  • Responsible purchasing
  • Health and Safety

This significant transaction is the largest green bond issued this year by a large company and marks the return of ENGIE to the euro primary market.

It consists of two tranches:

  • a € 700 million tranche with a maturity of 7 years,
  • and a € 800 million tranche with a maturity of 11 years.

 

ENGIE, through this second green bond, and Societe Generale through previous similar co-ordinations, like the record green bond issued by the French government, both strengthen their status of sustainable development’s actors. Especially since projects funded by emissions are at the very heart of ENGIE's strategy in order to become the leader of energy transition.

 

 

What if finance went green?