Legrand today completed its first sustainability-linked bond issue indexed on its carbon neutrality trajectory. This issue totaled €600 million, at a fixed rate, with a 10-year maturity and an annual coupon of 0.375%.

Its conditions are linked to Legrand’s 2030 targets for reducing greenhouse gas emissions validated by the SBTi ¹, which aim to hold global warming to 1.5°C. These are detailed in the Sustainability-Linked Financing Framework available on the Group’s website².

The operation reflects Legrand’s ongoing commitment to reach carbon neutrality (Scopes 1, 2 and 3) by 2050³.

The success of this bond issue, 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 July 30, 2021.
² For more information, readers are referred to the legrandgroup.com website, on the following page: https://www.legrandgroup.com/en/endettement-investisseurs-obligataires
³ For more information, readers are referred to the press release dated July 2, 2020.