The EIB’s first-of-its-kind operation in France involves a €150 million investment in Valeo’s €600 million green bond issuance. These funds will support projects in clean transport, renewable energy, energy efficiency, sustainable water management, and the circular economy. The EIB’s participation aims to attract long-term financing for green investments on public debt markets.
A notable aspect of this operation is the establishment of an innovative green and sustainability-linked financing framework, ensuring alignment with EU green activity standards. Valeo has identified approximately €2 billion worth of eligible projects, such as smart heat pumps, electric motors, and front-end cooling modules. Valeo is committed to carbon neutrality by 2050 and a 45% emissions reduction by 2030 compared to 2019 levels.
This green bond will facilitate Valeo’s expansion in low-carbon mobility technologies, particularly in vehicle electrification. Valeo’s inclusion in the CAC 40 ESG index and its ESG approach have garnered recognition. The EIB has been a longstanding partner, providing €750 million for carbon emissions reduction and vehicle safety technology investments since 2020.
The green bonds align with the EIB’s climate action and environmental sustainability criteria, complementing its long-term bank loan offerings. This EIB operation in France is expected to attract long-term financing for green investments on public debt markets.
By FCCT Editorial Team
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