SNCF swaps loan tracks to sustainability-linked

Green finance banking figures planning report from Adobe 230x150
By Mike Turner
20 Nov 2019

France’s SNCF has signed a €3.5bn sustainability-linked loan, with the state-owned railway company only able to use the facility from the start of next year after the country’s reform bill is enacted.

SNCF’s new revolver has a margin linked to the company hitting three environmental, social and governance (ESG) targets.

These are reducing greenhouse gas emissions, implementing a higher share of renewable energy for electric traction and using a better weighting of ESG criteria when scoring tenders. 

Third-party groups Vigeo-Eiris and Ecovadis ...

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