One of Europe’s largest operators, Orange, has updated its Sustainable Financing Framework, originally introduced in September 2020, to align with evolving market standards and its latest “Lead the Future” strategic plan launched in 2023. The revised framework will now govern future sustainable financing endeavors, including both bonds and loans.
Eight categories of eligible projects target sustainability
This update adheres to the guidelines established by the International Capital Market Association (ICMA) and the Loan Market Association (LMA), reflecting Orange's commitment to sustainability. The framework supports eight categories of eligible projects aimed at advancing environmental and social objectives. These categories include energy efficiency, renewable energy, circular economy initiatives, and digital inclusion efforts, such as the deployment of fiber and mobile networks in underserved areas, alongside initiatives supporting digital skills, financial inclusion, and entrepreneurship.
Expanded scope includes sustainable loans
A significant addition to the updated framework is its extended scope to manage sustainable loans, alongside bonds. Furthermore, Orange has introduced a refinancing mechanism, allowing projects initiated within the three years preceding issuance to qualify, with an obligation to allocate funds within 24 months.
Independent validation confirms alignment with best practices
Sustainalytics, a leading ESG research and ratings firm, has independently assessed the revised framework, confirming its alignment with international market standards and its positive contribution to sustainable development.
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