| Invested through |
|
|---|---|
| Asset Classes | Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | FR001400AFL5 |
| Industry group | Utilities |
| Aligned with SDGs |
SUEZ is a French company formed following the merger of the former SUEZ Group with Veolia and a consortium of financial investors. The new SUEZ was carved out to retain the former group’s French water and waste assets, along with selected international operations across Italy, Central Europe, Africa, Central Asia, India, China, and Australia, as well as its global digital and environmental activities. The company manages the full water cycle and provides integrated waste management services, operating a large network of drinking water production and wastewater treatment plants that serve millions of people worldwide. Its waste management operations focus on transforming waste into secondary raw materials and advancing circular economy solutions.
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 the green bond's proceeds 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.