Invested through |
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Asset Classes | Impact bonds |
Impact strategy | Impact Equities and Bonds |
ISIN code | FR001400AFL5 |
Industry group | Utilities |
Aligned with SDGs |
SUEZ focuses exclusively on water and waste operations, operating 1,903 wastewater treatment plants and 917 drinking water production plants serving 68 million people in the world. SUEZ employs 35,000 people all over the world.
Investment rationale
Both water and waste management are essential for a more sustainable and circular economy. As for waste, the world is expected to produce 3.4 billion tons of solid waste by 2050. More than half of this is currently not properly collected, treated or safely disposed. Proper waste management can reduce emissions, increase recycle rates and alleviate landfills disposal.
SUEZ is a leading player in both water and waste management. Thanks to its expertise, it can bring positive impact in ensuring water security, fighting climate change, preventing pollution and enhancing circular economy. Although the proceeds from the debut issuance will be used for refinancing acquisition of entities substantially active in eligible green criteria, we consider the impact to be strong given SUEZ's pure play status.
In total, 100% of revenues is aligned with the Resource Transition. The contribution to the Resource Transition comes from 84% of proceeds allocated to the impact objective Pollution Prevention & Control, and 16% of proceeds allocated to Green Buildings.