Caisse Francaise de Financement Local

Issy-les-Moulineaux, Francecaissefrancaisedefinancementlocal.fr/en/
Invested through
  • Triodos Impact Mixed Fund - Defensive
  • Triodos Impact Mixed Fund - Neutral
  • Triodos Impact Mixed Fund - Offensive
  • Triodos Euro Bond Impact Fund
Asset ClassesImpact bonds
Impact strategyImpact Equities and Bonds
ISIN codeFR0013459757
Industry groupBanks
Aligned with SDGs
  • Good health and well-being

Caisse Française de Financement Local (CAFFIL) is part of SFIL. SFIL is a public development bank owned by the French government that finances local governments, public hospitals and large export credits. Its mission is to provide stable and long dated funding for French local public sector investments. CAFFIL is a subsidiary of SFIL and acts as the covered bond issuer of the group. The group enables local governments and public hospitals to benefit from enhanced financing conditions. SFIL was created in 2013 and has more than 300 employees.

Investment rationale

CAFFIL issues impact bonds to finance green and social projects. Its green bonds finance projects in territorial mobility and soft urban transport, sustainable water and sanitation, climate change adaptation, waste management, renewable energy and energy efficiency. In total, the projects financed by this green bond reached 13,015 tonnes of avoided CO2 emissions per year through renewable energy generation, facilitating more sustainable mobility and energy efficiency investments. The projects also contributed to the collection of 2 million tonnes of household waste and the renovation and maintenance of 45,000 km of water infrastructure.

The social bond was issued to finance public hospitals across France. It is the first European social bond exclusively financing public hospitals. The financing of these public hospitals enables them to fulfill their duty of providing health services for the whole population at any time, regardless of the income, social or financial status. By law, French public hospitals are required to provide healthcare free of charge to vulnerable people and to provide healthcare across all French territories.