EUROFIMA is a non-profit entity that provides financing services to railway bodies from 26 European countries for railway rolling stock, improvements in railway infrastructure and other railway equipment. These railway bodies are also its shareholders. EUROFIMA was founded in 1956 by 14 European sovereign states. EUROFIMA has 28 employees and is based in Basel, Switzerland.
The proceeds of this green bond have been used to finance electrical rolling stock for passenger transport in Belgium, Luxemburg and Switzerland. CO₂ emissions from electrical trains are low compared to cars, buses and airplanes. Shifting passenger transport towards electrical trains therefore saves emissions and contributes to a cleaner transport sector. EUROFIMA calculated that the assets financed by its green bonds led to 159,095 tonnes of avoided CO₂ emissions, both by financing more energy efficient rolling stock and by facilitating the shift from other modes of transport to electrical train transport.