France
Paris, France| Invested through |
|
|---|---|
| Asset Classes | Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | FR0013234333 |
| Aligned with SDGs |
Triodos invests in sovereign bonds from EU member states and the UK. We only select only those countries that have no involvement in international sanctions, and that have signed and ratified international conventions on controversial weapons, human rights, labour rights, and the environment. This includes the International Labour Organization (ILO) conventions (e.g. on child labour, and forced labour), the international convention on civil and political rights, the biological and chemical weapon conventions, the non-proliferation of nuclear weapons treaty, the Paris Climate Agreement, and the convention on biological diversity, amongst others.
Investment rationale
The Green OAT issuance is backed by the state budget and the 'Invest for the Future' programme to combat climate change, adapt to climate change, safeguard biodiversity and fight pollution.
The biggest portion of proceeds relates will be spend on the energy transition tax credit for households (33%), which is used to improve the energy efficiency of buildings. 23% of proceeds were allocated to government environmental research agencies. The research financed focuses mostly on adaptation and biodiversity. A larger portion is also dedicated to sustainable transport development.
In addition, the green bond finances the development of sustainable farming, agribusiness and forest management, territories and habit improvement, ecology, and research & higher education.
Given the high proportion of proceeds dedicated to improving the energy efficiency of buildings and transport, the bond contributes to our Sustainable Mobility and Infrastructure theme.
Alignment with the Triodos transitions: 55.8% of proceeds is allocated to the Resource Transition and 44.2% of proceeds is allocated to the Energy Transition.
The contribution to the Resource transition comes from 26.5% of proceeds allocated to Green Buildings, 19.2% of proceeds allocated to Climate Change Mitigation, 5.6% of proceeds allocated to Terrestrial & Aquatic Biodiversity Conservation, 4.3% of proceeds allocated to Environmentally Sustainable Management of Living Natural Resources & Land Use, and 0.3% of proceeds allocated to Pollution Prevention & Control.
The contribution to the Energy transition comes from 34.4% of proceeds allocated to Renewable Energy, and 9.8% of proceeds allocated to Clean Transport.