| 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. |
