Sfil Group has published an updated version of its Green, Social and Sustainability Framework

Sfil Group has published an updated version of its Green, Social and Sustainability Framework on November 20^th with the objective to further develop the group’s Green and Social Bond Issuance, and to continue to align with developments in best market practices.

The framework aims to include all key areas of green and social investments by the French local public sector. In addition, the framework has been set up to make a significant contribution to the financing of large French export contracts with strong environmental or social benefits.

With this update, Sfil has also chosen to align certain eligible green project categories with the EU Taxonomy’s substantial contribution criteria for the objective of Climate change mitigation. 

Sfil Group has previously issued Social Bonds to finance the French public hospital sector under a separate framework, the Sfil Group Social Note Framework. Looking ahead, all Green, Social or Sustainability Bonds by Sfil Group will be issued under the new Green, Social and Sustainability Framework. The existing Social Note Framework will continue to apply to all bonds previously issued under this framework, and will continue to remain publicly available.

Since 2019, Sfil and Caffil have been regular issuers of Green and Social Bonds, with a total outstanding volume above EUR 10 billion.