Aware of its responsibility and of the major role it plays in the energy transition, the Group has publicly announced ambitious environmental objectives: to increase its installed capacity in renewable energies by 50% between 20, to increase by 40% its energy efficiency business activity in Europe by 2018, and to reduce by 10% its specific COAbout GDF SUEZGDF SUEZ develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources.
The bond was 3-times oversubscribed and very successful with French, German and UK institutional investors.
Strong demand came from investors focused on environmental and socially responsible investing who bought 64% of the issue.
The funds of this bond issue will be used to finance the Group’s growth not only in renewable energy projects such as wind farms and hydroelectric plants, but also in energy efficiency projects such as remote (smart) metering and the construction of integrated district heating networks powered by low-emission biomass plants.
On the occasion of the issue, GDF SUEZ Chairman and CEO Gérard Mestrallet stated: “This unusually large issue will serve the strategic priorities and sustainable growth strategy of GDF SUEZ in renewables and energy efficiency in Europe and throughout the world.
Last week, this strategic priority was confirmed by GDF SUEZ winning the competitive tender for offshore wind farms in France.
Projects financed by this bond issue will enable the Group to address the great energy and environmental challenges we face: meeting energy needs, ensuring security of supply, combating climate change, and optimizing natural resources.”To be eligible, the projects financed must meet a number of social and environmental criteria in five areas: environmental protection, contribution to local development and the well-being of local communities, fair and ethical relationships with suppliers and sub-contractors, human resources management, and good corporate governance for the selected projects.These criteria were developed by GDF SUEZ with the Vigeo ESG rating agency and are published on the GDF SUEZ website.Bond issue proceeds will be allocated according to a specific traceability procedure that will be checked by one of the GDF SUEZ statutory auditors. offre=ARCHIVES&type_item=ART_ARCH_30J&objet_id=935728&clef=ARC-TRK-D_01|title=Dominique de Villepin a annoncé un projet de fusion entre Gaz de France et Suez|date=cite news|url= FAP5893.html&host= Sarkozy réaffirme son "accord" au projet de fusion GDF-Suez |date=] The deal resulted in the conversion of the French state's 80% stake in GDF into just over 35% of shares of the new company.The water and waste assets which formerly formed part of Suez were spun off into a new publicly-traded company, cite news|url= CEO: GDF-Suez "Clearly" In Private Sector|last=Mitchell|first=Adam|date=cite news|url=pid=20601084&sid=anh V4Rrox MRo&refer=stocks|title=America Movil, Aracruz, OHL Brasil, Vale: Latin Equity Preview |last=Ragir|first=Alexander|coauthors=Freebairn, William|date=cite web|url= and International: Electricity production|publisher=GDF Suez|accessdate=2008-07-27] The remaining 50.8% of the shares are free float.