Region Wallone
Namur, Belgium| Invested through |
|
|---|---|
| Asset Classes | Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | BE6313645127 |
| Aligned with SDGs |
Triodos invests in regional government bonds from EU member states and the UK. We only select subsovereigns from 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
Issued by the regional government of Wallonia, the bond finances both green and social projects in the Belgian region of Wallonia. 33% of proceeds are used to finance green projects and 67% are used to finance social projects. The green projects contribute to the Walloon Regional Mobility Strategy and the Air Climate Energy Plan, and the social projects contribute to the Anti-Poverty Plan.
The green projects include renewable energy, energy efficiency & low carbon buildings, sustainable mobility, climate adaptation and biodiversity. The social projects include education & employment promotion, affordable housing and access to essential services and public infrastructure.
Alignment with Triodos Transitions: In total 100.0% of the proceeds of the impact bond is aligned with one or more Triodos Transitions. 38.3% of proceeds is allocated to the Societal Transition, 30.5% of proceeds is allocated to the Energy Transition, 28.5% of proceeds is allocated to the Wellbeing Transition and 2.7% of proceeds is allocated to the Resource Transition.
The contribution to Societal Transition comes from 38.3% of proceeds allocated to Affordable Housing.
The contribution to Energy Transition comes from 18.0% of proceeds allocated to Energy Efficiency, 12.1% of proceeds allocated to Clean Transport, and 0.3% of proceeds allocated to Renewable Energy.
The contribution to Wellbeing Transition comes from 27.3% of proceeds allocated to Access to Essential Services: Education, and 1.2% of proceeds allocated to Access to Essential Services: Health.
The contribution to Resource Transition comes from 2.4% of proceeds allocated to Climate Change Adaptation, and 0.3% of proceeds allocated to Terrestrial & Aquatic Biodiversity Conservation.