Caisse Francaise de Financement Local
Issy-les-Moulineaux, Francecaissefrancaisedefinancementlocal.fr/en/| Invested through |
|
|---|---|
| Asset Classes | Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | FR0013459757, FR0013403433 |
| Industry group | Banks |
| Aligned with SDGs |
Caisse Française de Financement Local (CAFFIL) is part of SFIL, 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.
Investment rationale
CAFFIL issues impact bonds to finance green and social projects. Green bond FR0013459757 finances projects in territorial mobility and soft urban transport, sustainable water and sanitation, climate change adaptation, waste management, renewable energy and energy efficiency.
Social bond FR0013403433 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.
In total, 69% of the revenues of both bonds is aligned with the Societal Transition and 31% of revenues is aligned with the Resource Transition.