Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

Ermewa Group

 

Ermewa Group is one of the leading providers of freight rolling stock leasing across Europe and globally. The proceeds from this financing will be allocated to its portfolio of over 20,000 railcars which do not carry any fossil fuels or petrochemical products. The eligible rolling stock carry cereals, industrial goods and other products. 

As global freight transport relies heavily on fossil fuel propulsion whether by air, land or sea, rail appears to be the alternative to decarbonize the freight transport sector. The European commission made clear in “Roadmap to a Single European Transport Area (2011)” that the EU’s transport system is not sustainable, and that change is essential if the GHG reduction targets the roadmap outlined for 2030 and 2050 are to be met. For freight, 30% of road freight over 300km should shift to other modes such as rail by 2030, and more than 50% by 2050. In this context, Ermewa, as one of the leaders of rail freight transport, has the responsibility to push forward for cleaner investment strategy on the assets.

 

DATE OF ISSUE

TYPE OF INSTRUMENT

SIZE

TENOR

JURISDICTION OF ISSUE

CLIMATE BONDS SECTOR CRITERIA

VERIFIER'S REPORT

ANNUAL REPORT FURTHER INFORMATION
December 2019 Loan EUR 528m (USD 581m equivalent) up to 10 years France Low Carbon Transport pre issuance verification  

Green Financing Framework