Caisse des Dépôts, alongside CNP Assurances and Abeille Assurances, has subscribed to the 1st green bond with a sharing-coupon issued by the SNCF Group for the benefit of the Robert-Debré Child Brain Institute supported by the Assistance Publique-Hôpitaux de Paris (AP-HP) Foundation.
The innovative nature of this €300mn green bond issued by the SNCF Group is that it combines the issuer's ESG objectives with a financial return for investors with a charitable purpose.
By the time the bond matures (12 years), Institut Robert-Debré du cerveau de l'enfant will have received a total of €2.31mn in donations from the interest earned by investors. These funds will enable it to acquire cutting-edge medical equipment, such as the latest generation of imaging equipment, to advance our understanding of the developing brain.
Caisse des Dépôts is pleased to have participated in this pioneering and innovative green bond sharing-coupon transaction alongside SNCF and Natixis CIB, and thus to foster the emergence of a new market segment. This green SNCF bond will contribute to the continuing increase in portfolio exposure to ESG, green and social bonds, which is more than €11bn. Caisse des Dépôts’s asset management continues to contribute to the Caisse des Dépôts Group’s commitments to finance green transformation. The social innovation aimed at sharing the coupons collected, here for the AP-HP Foundation, for the needs of the Robert-Debré Child Brain Institute, is part of the Caisse des Dépôts Group’s commitment to social cohesion and health.
Pascal Coret, Deputy Chief of Investment Management, in charge of the bond segments within the asset management department of Caisse des Dépôts