Sfil Group Publishes an Updated Version of Its Green, Social, and Sustainability Bond Framework

On November 20, the Sfil Group published an updated version of its Green, Social, and Sustainability Bond Framework. The goal of this update is to further expand the group’s green and social bond issuances while continuing to align with evolving market best practices.

The updated framework is designed to cover all key areas of green and social investments in the French local public sector. Additionally, it has been structured to support the financing of major French export contracts that deliver significant environmental and/or social benefits.

As part of this update, Sfil has aligned certain eligible green project categories with the substantial contribution criteria for climate change mitigation set out in the EU Taxonomy.

Sfil has already issued social bonds to finance the French public hospital sector under a separate framework, the Sfil Group Social Note Framework. Going forward, all green, social, and sustainability bonds issued by Sfil Group will be part of the new Green, Social, and Sustainability Bond Framework. However, the existing Social Note Framework will remain applicable to previously issued social bonds and will remain publicly available.

Since 2019, Sfil and Caffil have been regular issuers of green and social bonds, with a total outstanding volume exceeding €10 billion.