Various Countries Project Notice - 47761


Project Notice

PNR 47761
Project Name Faurecia GET
Project Detail Location: Regional Project number: 53728 Business sector: Manufacturing and Services Notice type: Private Environmental category: B Approval date: 09 Jun 2022 Status: Approved PSD disclosed: 21 Jun 2022 The participation of up to EUR 50 million in a six-year tranche of a leading automotive technology company Faurecia S.E.s environmental, social and governance - ESG linked Schuldschein issuance, a privately placed unsecured debt governed by the German law, to finance Faurecia investments in the Czech Republic, Poland, Slovakia and Turkey. Project Objectives The project will contribute to the decarbonisation of the automotive supply chain and Faurecias objective to achieve climate targets formulated in line with the Science-Based Targets Initiative, to become CO2 neutral for its internal emissions across all of its sites by 2025 (Scopes 1&2). The project will also finance growth capex in Faurecias manufacturing sites in Slovakia and Turkey.
Funded By European Bank for Reconstruction and Development (EBRD)
Sector Oil & Gas
Country Various Countries , Southern Asia
Project Value 50 Million

Contact Information

Company Name FAURECIA SA
Web Site https://www.ebrd.com/work-with-us/projects/psd/53728.html

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