| Invested through |
|
|---|---|
| Asset Classes | Corporate bonds & Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | FR0014000AU2, FR0013365376 |
| Industry group | Banks |
| Aligned with SDGs |
Agence Française de Développement (AFD) is a development bank owned by the French government. AFD finances and helps to implement development projects with the aim of sustainable and shared economic growth and social development in the French overseas territories and in developing countries. The company offers a range of financial instruments and technical assistance to large and small businesses.
Investment rationale
A wide range of projects is included in the SDG bond, so a theme fit with many themes can be argued, but as all projects contribute to access to essential services and/or socioeconomic advancement and empowerment in emerging or developing countries, the overarching theme of the bond is Social Inclusion & Empowerment.
Project examples are: a project to develop skills training for specific sector in Cambodia, a project to optimise a metro line in Dominican Republic and a project to provide social protection from the covid-19 crisis in the poorest regions in India.
FR0014000AU2
Alignment with Triodos Transitions: In total 100.0% of the proceeds of the impact bond is aligned with one or more Triodos Transitions. 44.6% of proceeds is allocated to the Societal Transition, 43.4% of proceeds is allocated to the Energy Transition and 12.0% of proceeds is allocated to the Wellbeing Transition.
AFD also launched a climate bond framework to finance climate adaptation and climate mitigation projects in developing countries. The positive impact from these projects is very strong, as the impact of climate change is felt hardest in developing countries. The proceeds from these climate bonds are used to grant loans for projects in the following categories: Climate Adaptation, Biodiversity Preservation, Biological Sequestration, Energy Efficiency, Renewable Energy, Transport, Water and Waste Management.
FR0013365376
In total 100.0% of the proceeds of the impact bond is aligned with one or more Triodos Transitions. 88.8% of proceeds is allocated to the Energy Transition and 11.2% of proceeds is allocated to the Resource Transition.