In a groundbreaking move, Île-de-France Mobilités has issued the first-ever EU Green Bond under the newly implemented European Green Bond Standard (EuGB), raising €1 billion on Euronext Paris. This marks a significant milestone in sustainable finance, reinforcing the region’s commitment to transforming its transport network into a fully carbon-free system by 2030.
A Step Towards Sustainable Transport
With this €1 billion bond, Île-de-France Mobilités aims to accelerate the renewal of its vast transport infrastructure, which serves over 9.5 million daily commuters. The funds will primarily go toward the electrification and renovation of key transportation assets including electric trains, metro systems, trams, and e-bikes, alongside the development of cutting-edge, sustainable transport infrastructure.
This move aligns with EU Taxonomy criteria, which define sustainable activities, ensuring the funds will contribute directly to the EU’s ambitious climate goals.
Ensuring Transparency and Credibility
The issuance is also noteworthy for its alignment with the EU Green Bond Standard, which took effect on December 21, 2024. The standard ensures that green bond issuances adhere to stringent guidelines, focusing on transparency, credibility, and the proper use of funds. The European Securities and Markets Authority (ESMA) will oversee compliance, guaranteeing that the funds are allocated toward genuine, environmentally sustainable projects.
What This Means for the Future
This historic bond issuance sets a new precedent for sustainable investments within the public sector. It highlights the region’s role as a leader in green finance, positioning Île-de-France as a global example for integrating sustainability into large-scale infrastructure projects.
Valérie Pécresse, President of Île-de-France and Chair of Île-de-France Mobilités, expressed her pride in the initiative:
“Revolutionizing transport in Île-de-France is essential to combating climate change. Being the first public issuer to launch a €1 billion Green Bond under the EuGB Standard is a significant achievement and underscores the strength of our vision for decarbonized mobility by 2030.”
This landmark green bond is a crucial step toward creating a carbon-neutral transport system, setting the stage for future investments in sustainable mobility solutions across Europe.
Green bonds Picture Attribution: By Iberdrola
