Ile de France
Paris, France| Invested through |
|
|---|---|
| Asset Classes | Impact bonds & Corporate bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | FR0013343175, FR0013521382 |
| Aligned with SDGs |
Ile de France is a province in the centre of France with 12 million inhabitants and 8 departments, one of which is the city of Paris. It is a leading economic region in France, accounting for 23% of the country’s working population. The council of the region is elected directly and, among others, is responsible for the following services: public transport, secondary education, professional training and development, environment and territorial development, social inclusion, housing, culture, and sports.
Investment rationale
The bonds were issued to finance sustainable development of the region, the proceeds allocated to a wide range of projects: public transport and sustainable mobility, renewable energy and energy efficiency, school and leisure buildings, biodiversity, social housing, economic and inclusive development and public health measures. The last category was added to raise funding to answer the crisis following the covid-19 pandemic, by purchasing health equipment and setting up emergency infrastructure.
FR0013343175:
Alignment with Triodos transitions: In total 100.0% of the proceeds of the impact bond is aligned with one or more Triodos Transitions. 53.8% of proceeds is allocated to the Energy transition, 22.4% of proceeds is allocated to the Wellbeing transition, 19.6% of proceeds is allocated to the Societal Transition and 4.3% of proceeds is allocated to the Resource transition.
FR0013521382:
In total 100.0% of the proceeds of the impact bond is aligned with one or more Triodos transitions. 48.3% of proceeds is allocated to the Energy transition, 33.0% of proceeds is allocated to the Societal transition, 16.1% of proceeds is allocated to the Wellbeing transition and 2.6% of proceeds is allocated to the Resource transition.