Île-de-France Mobilités Issues First EU Green Bond Under New Standard, Raising €1 Billion on Euronext
- Historic first: Île-de-France Mobilités becomes the first public sector issuer to list an EU Green Bond under the new European standard.
- €1 billion for green transport: Funds will support electric rolling stock, infrastructure, and carbon-free mobility initiatives.
- EU Green Bond Standard enforcement: Ensures transparency, credibility, and oversight by ESMA.
Euronext Paris has admitted the first EU Green Bond issued by a public entity under the new EU Green Bond Standard. The €1 billion bond from Île-de-France Mobilités will finance sustainable transport initiatives in the region, reinforcing Euronext’s leadership in sustainable finance.
Why it matters:
Île-de-France Mobilités manages one of the world’s largest transport networks, handling 9.5 million daily journeys. The bond will help fund Europe’s most ambitious transport renewal program, aiming for a fully carbon-free system by 2030.
Where the money goes:
- Renewal and renovation of electric trains, metro systems, trams, and e-bikes.
- Development of sustainable transport infrastructure.
- Alignment with the EU Taxonomy defining sustainable activities.
The big picture:
The EU Green Bond Standard took effect on December 21, 2024, setting strict guidelines for sustainable bond issuances. It ensures full transparency pre- and post-issuance, with oversight from the European Securities and Markets Authority (ESMA).
What they’re saying:
Valérie Pécresse, President of the Île-de-France region and chair of Île-de-France Mobilités, emphasized the significance of this move:
“Revolutionising transport in Île-de-France has been my top priority. The transport system must lead in tackling the climate challenge, becoming a benchmark for decarbonised mobility by 2030. Being the first public issuer to launch a €1 billion Green Bond under the ‘EuGB’ Standard is both a proud achievement and a testament to the strength of our vision.”
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