Credit line

Sopra Steria indexes a €1.1bn line of credit to a carbon footprint reduction target aligned with the Paris Agreement

MONTROUGE, France, April 07, 2022–(BUSINESS WIRE)–Regulatory news:

Sopra Steria (Paris:SOP), European tech leader in consulting, digital services and software publishing, is strengthening its commitment to the fight against climate change by including a structured extra-financial indicator in the refinancing conditions by Crédit Agricole CIB and LCL and the conditions of its syndicated loan of €1.1 billion.

As provided for in the operation, which was oversubscribed and supported by all of Sopra Steria’s main historical banking partners, the cost of financing will be indexed annually on an extra-financial performance indicator (KPI) at the heart of the corporate responsibility of Sopra Steria, namely the reduction of greenhouse gas emissions.

With the credit facility linked to sustainable development, 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 reduce greenhouse gas emissions by 85% per employee by 2040 for scopes 1, 2 and 3 (partiel)(1) has been labeled by the Science Based Target Initiative and is part of Sopra Steria’s low-carbon strategy launched almost 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 customers and the company in the fight against climate change. and contribute to the transformation of the economy.
For the fifth consecutive year in 2021, Sopra Steria has been recognized as a world leader in corporate climate action by appearing on the A list of the CDP Climate Change ranking.

In collaboration with Crédit Agricole CIB and LCL, Sopra Steria has drafted a framework document specifying the allocation of the contribution linked 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, mitigation and adaptation to climate change. Projects will be selected on the basis of 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 operation strengthens our sustainable development strategy in line with our vision and our values. It demonstrates Sopra Steria Group’s ability to prepare for and integrate our major collective environmental and societal challenges. » mentioned Cyril MalargeCEO of Sopra Steria.

“Crédit Agricole CIB is proud to have supported Sopra Steria with LCL in structuring this operation, which reflects the Group’s commitment to decarbonising its entire value chain. Beyond this ambitious objective, Sopra Steria has paved the way for a new market standard through a framework document setting out the terms and conditions for transferring the contribution linked to an environmental criterion to innovative impactful digital projects, in line with the recommendations of the Green Bond Principles”, mentioned Nathalie SarelSustainable Banking Manager, SME/ETI, at Crédit Agricole CIB.

“We would like to thank Sopra Steria for placing its trust in us as ESG coordinator of this major refinancing operation, both in terms of the amount and ambition of the operation and the requirement it sets in terms of risk reduction. Group’s carbon footprint. This ambition must be promoted and disseminated as widely as possible to respond to the immense challenge of the climate emergency. This indexed loan contributes to this need,” mentioned Bjorn de FosSustainable Financing Manager at LCL.

(1) Sopra Steria’s (partial) Scope 3 greenhouse gas emissions include emissions related to business travel and off-site data centers, as provided for in categories 3.6 and 3.8 of the GHG Protocol.

(2) The Green Bond Principles are recommendations and guidelines for issuers of green bonds published by the International Capital Market Association. The principles relate to 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, the European leader in consulting, digital services and software development, helps its clients lead their digital transformation and achieve tangible and lasting benefits. He provides end-to-end solutions to make large companies and organizations more competitive by combining in-depth knowledge of a wide range of industries and innovative technologies with a fully collaborative approach. Sopra Steria places people at the heart of its actions and is committed to putting digital technology at the service of its customers to build a positive future for all. With 47,000 employees in nearly 30 countries, the Group achieved a turnover of 4.7 billion euros in 2021.
The world is how we make 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 (Credit Agricole CIB)

Crédit Agricole CIB is the corporate and investment bank of Crédit Agricole Group, the world’s 12th largest banking group 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 in meeting their financial needs anywhere in the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital markets, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the field of climate finance and is currently the leader in this segment with a comprehensive offer for all its clients.

Crédit Agricole CIB has been committed to sustainable development for many years. The Bank was the first French bank to sign the Equator Principles in 2003. It was also a pioneer in the Green Bonds markets with the setting up of public operations from 2012 for a wide range of issuers (supranational banks, companies, local authorities, banks) and was one of the co-drafters of the Green Bond Principles and the Social Bond Guidance. Relying on the expertise of a dedicated sustainable banking team and the strong support of all bankers, Crédit Agricole CIB is one of the most active banks in the green bond market.
For more information, please visit
www.ca-cib.com
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About LCL

LCL, urban bank, is a subsidiary of Crédit Agricole SA and one of the largest retail banks in France. LCL has made the satisfaction of its customers an absolute priority and its ambition is to be the leading bank in terms of customer satisfaction by the end of 2022. Combining human and digital resources, LCL provides its 6 million individual customers – including 216,000 Private Banking Clients, 380,000 professionals and 29,900 companies and institutions – with an all-channel relationship through its 1,500 city center branches, its “LCL Mon Contact” remote client relations centers with 400 advisers who can be reached by telephone, its websites and applications, including “LCL My Accounts”, which is very popular with its customers. With a full range of banking/insurance and non-banking solutions, LCL supports its customers in their daily lives and in all their life projects. In accordance with its urban banking strategy, LCL is also committed to supporting its customers who wish to take concrete initiatives to combat climate change.

LCL elected Customer Service of the Year 2022 in the Banking category – BVA survey – Viséo CI – More information: www.escda.fr.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220406005652/en/

contacts

Sopra Steria

Investor Relations
Olivier Psalm
[email protected]
+33 (0)1 40 67 68 16

Hurry
Caroline Simon (Picture 7)
[email protected]
+33 (0)1 53 70 74 65

Press contacts – Crédit Agricole CIB
Maryse Dournes – + 33 1 41 89 89 38 – [email protected]
Sandra Claeys – + 33 6 11 91 11 67 – [email protected]

Press contacts – LCL
Julie TERZULLI – 01 42 95 10 61 – [email protected]
Brigitte NEIGE – 01 42 95 39 97 – [email protected]