| Invested through |
|
|---|---|
| Asset Classes | Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | FR0013426731 |
| Industry group | Transportation |
| Aligned with SDGs |
Regie Autonome des Transports Parisiens (RATP) is a leading French, state-owned, urban mobility company. The company operates the public transport networks in the region of Greater Paris, Île-de-France. In this region it is responsible for the continuity, quality, performance and security of public transport.
While operating the public transport in Île-de-France is its core activity, RATP also operates public transport networks in 13 other countries, across four continents. The company was founded in 1949 and has over 64,000 employees.
Investment rationale
Public transport plays a key role to facilitate a shift in modes of transportation, which enables the transition towards a low-carbon economy and contributes to climate change mitigation and to building sustainable cities.
This green bond was issued to finance the purchase of new clean buses and the transformation of bus depots to facilitate charging these clean buses. These investments enable savings of 143,000 tonnes of CO2 emissions per year. Other projects financed by the green bond were the redevelopment of two more energy efficient metro line maintenance workshops and the purchase of new metro trains that are 17% more energy efficient, have reduced emissions of particles and are fully accessible for disabled people.
In total, 100% of revenues is aligned with the Energy Transition. The contribution to the Energy Transition comes from 100% of proceeds allocated to the impact objective Terrestrial & Aquatic Biodiversity Conservation.