Finance, Group |05.23.2023 18:00
Legrand announced today a €700 million sustainability-linked bond issue indexed on the Group’s diversity goals and GHG reduction targets
Legrand today issued a second1 series of sustainability-linked bonds indexed on the Group’s CSR. This fixed- rate issue totaled €700 million with a 6-year maturity and an annual coupon of 3.5%.
Following the Group’s first Sustainability-Linked Financing Framework established in September 2021, which addressed Legrand’s carbon trajectory for 2030 as validated by the Science Based Targets initiative (SBTi), Legrand is expanding its framework to include:
- its ambitions in terms of gender diversity, specifically the proportion of management positions filled by women;
- the carbon trajectory engagement of its suppliers, which account for most of the Group’s indirect greenhouse gas emissions (Scope 3).
More details can be found in the enhanced Sustainability-Linked Financing Framework available on the Group’s website2.
Today’s bond issue testifies to Legrand’s consistently bold, exemplary and engagement-driven approach to ESG.
The success of this transaction, which was significantly over-subscribed, demonstrates once again investors’ confidence in the soundness of Legrand’s profitable and responsible development model.
1 For more information, readers are referred to the press release dated September 29, 2021.
2 For more information, readers are referred to the legrandgroup.com website: