Successful launch of EDF’s first Green Bond supported by Vigeo’s methodology
On the 20th of November 2013, EDF successfully launched its first Green Bond in euros. With a total of 1.4 billion, this CSR-based issue was twice oversubscribed among institutional investors.
The funds raised will be exclusively dedicated to financing future renewable energy projects led by EDF Energies Nouvelles, a subsidiary of EDF.
The selected projects will have to comply with the eligibility criteria drawn up in partnership with Vigeo in their contents and implementation. They cover the main domains of Vigeo’s rating model, including the following principles and objectives:
- Civil rights and Governance assessment of country location of the projects
- Management of environmental impacts
- Protection of stakeholders’ health and safety
- Promotion of responsible supplier relationship
- Dialogue with local players
Previously, Vigeo partnered with the French local authority Ile-de-France to issue a first bond of 350 million euros on the 20th of March 2012. This issue aimed at financing sustainable development projects – developing renewable energy sources, retrofitting high-schools and building energy-efficient social housing. To have more details.
In the same manner, Vigeo supported Air Liquide on the 8th of October 2012 to launch a bond in the framework of its program Euro Medium Term Notes, which totaled an amount of 500 million euros. The funds were directed toward the development of the group’s home health activities. To have more details.
France, Green bonds