Publié le 7 avril 2021
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Region funding

Finances vertes EN

Crédit photo : iStock-Ghing

Reportings, Euro Medium Term Note Program (EMTN), green and sustainability bond framework, ratings... All documents about Île-de-France Region's green and sustainability funding.

Download the press release : « Sustainable bond » (July 8th 2022)

Invest for a Green and Sustainable Recovery in Île-de-France Region

(Presentation video – April 2021)

Bio of Valérie Pécresse, President of Île-de-France Region 

 

Île-de-France Regional Finances – Key Figures (June 2022)

Download our brochure

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Speech by Valérie Pécresse (June 2020)

2019

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See the French links on www.iledefrance.fr/financement-region, section "Documents budgétaires".

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News

The finance department of the Ile-de-France region honoured again by the finance professionals at the Digital Finance Awards on April 20th 2022

The Île-de-France Region's finance department was rewarded for its contribution to strategic issues, its modernity, its visibility and the attractiveness of the function thanks to green and responsible finance.

Prix Finances

Fitch Ratings affirmed Île-de-France Region at 'AA' in October 2021; Outlook Negative

The Île-de-France Region's standalone credit profile was raised from 'aa' to 'aa+'.

This reflects the improvement in the Île-de-France's debt sustainability ratios, particularly its debt reduction capacity. 

The final rating of the Paris Region remains unchanged (AA/negative) as it is capped by the final rating of the French State.

Île-de-France Region published in March 2021 its updated framework for green, social and sustainable bond issuance.


With this updated framework, the Region is undertaking a transparency exercise on its practices and is also continuing its leadership in sustainable finance markets as one of the first issuers to disclose alignment to the EU Taxonomy. 


V.E performed in March 2021 an external review of the Region‘s framework and ranked in “Best Practices” three of the four pillars relating to the ICMA Principles (see V.E’s second party opinion on the sustainability of Île-de-France Region’s Green, Social and Sustainable Bond Framework).

 

As a reminder, Île-de-France Region is a pioneer in the field of sustainable finance as it was the first in 2012 to issue a sustainable bond in a public format, thus paving the way for the market to take off in the following years. It was also the first local authority in Europe to lay the foundations of a process for allocating and reporting on funds for green and socially responsible projects, anticipating practices subsequently established by ICMA.

In this new edition of its framework, the Region is not only reaffirming its commitment with the Green Bond and the Social Bond Principles but also positioning its practices against the upcoming European Taxonomy Regulation. In particular, when possible, Île-de-France’s green projects categories have been assessed vs the Technical Screening Criteria1 in order to gauge their substantial contribution to the European Union’s environmental  objective of Climate Change Mitigation.

In addition, during the evaluation & selection process, after confirming all activities are conducted in accordance with the national legislation and therefore Minimum Safeguards, the Region will measure its alignment to the Do No Significant Harm criteria1 in relation to the other EU environmental objectives. An example of this evaluation is being shown in appendix on the clean transportation category. 

As a leader in sustainable finance, Île-de-France Region commits to pursue adhering to the best market’s standards.

 

Île-de-France Region awarded for its ESG commitments

On July 1, 2021, the Île-de-France Region's Finance Division was awarded the gold trophy in the « ESG Finance Division » category during the Finance Leaders Summit.