Renault Group's Green Bond Issuance: A Sustainable Step Forward
Renault Group Successfully Issues Green Bonds
In a significant move towards sustainability, Renault Group has successfully issued its first green bonds amounting to €850 million. These bonds are set to mature on September 30, 2030, and carry a competitive coupon rate of 3.875%. This innovative financing strategy marks a pivotal moment in Renault's commitment to environmental responsibility and investment in future technologies.
Strong Investor Interest
The green bond issuance was met with overwhelming demand, indicating strong investor confidence in Renault Group's strategic direction and robust financial fundamentals rooted in its Renaulution plan. This confidence underscores a growing trend in the finance sector, where investors increasingly prioritize sustainable projects.
Funding for Sustainable Projects
The proceeds from these green bonds will be allocated to finance and refinance various eligible projects aligned with Renault Group's Sustainable Bond Framework. This framework pledges to channel resources into initiatives that have a tangible, positive impact on the environment, furthering the Group's mission to achieve carbon neutrality.
Commitment to Carbon Neutrality
Renault Group has set ambitious targets, aiming for net zero carbon emissions in Europe by 2040 and globally by 2050. The company is laying the groundwork with clear milestones aimed at reducing emissions throughout its operations. These efforts include decreasing emissions from vehicle usage, optimizing component production processes, and minimizing plant emissions.
About Renault Group
Renault Group stands at the forefront of a transformational wave in mobility, offering sustainable and innovative solutions across its diverse brands - Renault, Dacia, Alpine, and Mobilize. With operations spread across 114 countries, the Group sold over 2.265 million vehicles recently, employing a dedicated team of more than 98,000 individuals committed to enhancing mobility.
Innovation and Future Growth
Renault is not only focused on meeting current environmental challenges but is also dedicated to creating a value-generating transformation. This involves developing new technologies and services alongside a more competitive range of electric and hybrid vehicles. By pushing the envelope of innovation, Renault aims to lead the global automotive industry into a sustainable future.
Contact Information
For media inquiries, please contact:
François Rouget
+33 6 23 68 07 88
francois.rouget@renault.com
For investor relations, reach out to:
Florent Chaix
+33 6 07 88 83 05
florent.chaix@renault.com
Frequently Asked Questions
What are green bonds?
Green bonds are fixed-income financial instruments used to raise funds for projects that have a positive environmental impact.
What will the proceeds from Renault's green bonds be used for?
The funds will finance eligible projects aimed at promoting sustainability and reducing carbon emissions.
What is Renault's carbon neutrality goal?
Renault aims to achieve net zero carbon emissions by 2040 in Europe and globally by 2050.
How much was raised from the bond issuance?
Renault Group successfully raised €850 million through its first green bond issuance.
Where can I find more information about Renault Group's sustainability efforts?
Detailed information can be found in the "Debt and ratings" section of Renault Group's official website.
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