Regulatory News:
Sopra Steria (Paris:SOP), a leading European tech company in
consulting, digital services and software publishing, is
strengthening its commitment to the fight against climate change by
including a non-financial indicator structured by Crédit Agricole
CIB and LCL in the refinancing terms and conditions of its €1.1bn
syndicated credit facility.
As provided for by the transaction,
which was oversubscribed and supported by all of Sopra Steria’s
main long-standing banking partners, the cost of financing will be
annually indexed to a non-financial performance indicator (KPI)
central to Sopra Steria’s strategy for corporate responsibility,
namely the reduction of greenhouse gas emissions.
With the sustainability-linked loan facility, Sopra Steria will
be able to strengthen its climate and environmental initiatives. In
line with the objective of limiting global warming to 1.5°C, the
Group’s commitment to reducing greenhouse gas emissions by 85% per
employee by 2040 for Scopes 1, 2 and 3 (partial)(1) has been
approved by the Science Based Target Initiative and is part of
Sopra Steria’s low-carbon strategy launched nearly ten years ago.
As a member of the European Climate Pact and the European Green
Digital Coalition, Sopra Steria is committed to the ecological
transition of the digital sector, with a view to helping its
clients and the Company in the fight against climate change and
contributing to the transformation of the economy. For the fifth
year in a row in 2021, Sopra Steria was recognized as a world
leader in corporate climate action by being included on the A list
of the CDP Climate Change ranking.
With input from Crédit Agricole CIB and LCL, Sopra Steria has
drafted a framework document specifying the allocation of the
contribution related to an environmental criterion in accordance
with the four pillars of the Green Bond Principles(2). The lenders
and Sopra Steria have committed to financing high-impact digital
projects contributing to the first two objectives of the European
Taxonomy, on mitigating and adapting to climate change. The
projects will be chosen based on a number of eligibility criteria
by a selection committee of experts. Allocation and impact reports
will be communicated to lenders on an annual basis.
“This innovative transaction
strengthens our sustainable development strategy consistent with
our vision and our values. It demonstrates the Sopra Steria Group’s
ability to prepare for and integrate our major collective
environmental and societal challenges,” said Cyril Malargé,
Chief Executive Officer of Sopra Steria.
“Crédit Agricole CIB is proud to
have helped Sopra Steria with LCL to structure this transaction,
which reflects the Group's commitment to decarbonising its entire
value chain. In addition to this ambitious objective, Sopra Steria
has paved the way for a new market standard through a framework
document setting out the terms for transferring the contribution
linked to an environmental criterion to innovative impact-based
digital projects, in line with the recommendations of the Green
Bond Principles,” said Nathalie Sarel, Head of Sustainable
Banking, SMEs/mid-cap companies, at Crédit Agricole CIB.
“We would like to thank Sopra Steria
for placing its trust in us as the ESG coordinator of this major
refinancing transaction, in terms of the amount and ambition of the
transaction as well as the high standards it embodies relative to
the reduction of the Group’s carbon footprint. This ambition needs
to be promoted and disseminated as widely as possible to meet the
huge challenge of the climate emergency. This indexed loan
contributes to this necessity,” said Bj�rn de Fos, Head of
Sustainable Financing at LCL.
(1) Sopra Steria’s Scope 3 (partial) greenhouse gas emissions
include emissions related to business travel and off-site data
centres, as provided for in categories 3.6 and 3.8 of the GHG
Protocol.
(2) The Green Bond Principles are recommendations and guidelines
for green-bond issuers published by the International Capital
Market Association. The principles concern four main areas: the use
of funds, the process for evaluating and selecting funded projects,
the management of funds, and reporting.
About Sopra Steria
Sopra Steria, a European leader in consulting, digital services
and software development, helps its clients drive their digital
transformation and obtain tangible and sustainable benefits. It
provides end-to-end solutions to make large companies and
organisations more competitive by combining in-depth knowledge of a
wide range of business sectors and innovative technologies with a
fully collaborative approach. Sopra Steria places people at the
heart of everything it does and is committed to putting digital to
work for its clients in order to build a positive future for all.
With 47,000 employees in nearly 30 countries, the Group generated
revenue of €4.7 billion in 2021. The world is how we shape
it. Sopra Steria (SOP) is listed on Euronext Paris (Compartment
A) – ISIN: FR0000050809 For more information, visit us at
www.soprasteria.com
About Crédit Agricole Corporate and Investment Bank (Crédit
Agricole CIB)
Crédit Agricole CIB is the corporate and investment banking arm
of Credit Agricole Group, the 12th largest banking group worldwide
in terms of tier 1 capital (The Banker, July 2021). Nearly 8,600
employees across Europe, the Americas, Asia-Pacific, the Middle
East and Africa support the Bank's clients, meeting their financial
needs throughout the world. Crédit Agricole CIB offers its large
corporate and institutional clients a range of products and
services in capital markets activities, investment banking,
structured finance, commercial banking and international trade. The
Bank is a pioneer in the area of climate finance, and is currently
a market leader in this segment with a complete offer for all its
clients.
For many years Crédit Agricole CIB has been committed to
sustainable development. The Bank was the first French bank to sign
the Equator Principles in 2003. It has also been a pioneer in Green
Bond markets with the arrangement of public transactions from 2012
for a wide array of issuers (supranational banks, corporates, local
authorities, banks) and was one of the co-drafter of Green Bond
Principles and of the Social Bond Guidance. Relying on the
expertise of a dedicated sustainable banking team and on the strong
support of all bankers, Crédit Agricole CIB is one of the most
active banks in the Green bonds market. For more information,
please visit www.ca-cib.com LinkedIn Twitter
About LCL
LCL, an urban bank, is a subsidiary of Crédit Agricole S.A. and
one of the largest retail banks in France. LCL has made an absolute
priority of its clients’ satisfaction, and its ambition is to be
the leading bank in terms of client satisfaction by the end of
2022. Combining human and digital resources, LCL provides its 6
million individual clients - among which 216 000 Private Banking
clients, 380 000 professionals and 29 900 corporates and
institutions – with an all-channel relationship through its 1,500
city-centre branches, its "LCL Mon Contact" remote client relations
centres with 400 advisers available by telephone, and its websites
and apps, including "LCL Mes Comptes", which is very popular with
its clients. With a full range of banking/insurance and non-banking
solutions, LCL advises its clients in their daily lives and with
all their life projects. In line with its strategy as an urban
bank, LCL is also committed to supporting its clients who want to
take practical initiatives to help tackle climate change.
LCL elected Client Service of the Year 2022 in the Banking
category – BVA Survey - Viséo CI – More information:
www.escda.fr.
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Sopra Steria
Investor Relations Olivier Psaume
olivier.psaume@soprasteria.com +33 (0)1 40 67 68 16
Press Caroline Simon (Image 7) caroline.simon@image7.fr
+33 (0)1 53 70 74 65
Press contacts - Crédit Agricole CIB Maryse Dournes - +
33 1 41 89 89 38 - maryse.dournes@ca-cib.com Sandra Claeys - + 33 6
11 91 11 67 - sandra.claeys@ca-cib.com
Press contacts - LCL Julie TERZULLI - 01 42 95 10 61 -
julie.terzulli@lcl.fr Brigitte NEIGE - 01 42 95 39 97 -
brigitte.neige@lcl.fr
Sopra Steria (EU:SOP)
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