French utility giant, EDF, has signed two sustainability-indexed revolving facilities for the purpose of increasing their sustainability loans to €5 billion. This is according to a statement by the organisation. Two €300 million deals have already been signed with Credit Agricole CIB and Societe Generale CIB.
The expected future of EDF
These revolving credit facilities are based on the three main goals for EDF. The first goal is to achieve direct carbon emissions, followed by the electrification of light vehicle fleet. Finally, they want to improve how customers make use of online consumption marketing tools.
“These two new facilities demonstrate EDF’s strong commitments in terms of corporate social responsibility by strengthening the link between its sustainability performance and financing strategy. With over €5 billion of sustainability-linked credit facilities and €4.5 billion in outstanding Green Bonds, sustainable finance instruments have become ever more core to EDF’s financing,” Xavier Girre, senior executive vice-president of EDF said.
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