Sopra Steria, the European technology, consulting and digital services company, signed an innovative €1.1 billion credit line in April, arranged by Crédit Agricole CIB and LCL, a retail bank subsidiary of the Crédit Agricole group.
The annual margin will be indexed to a single non-financial key performance indicator (KPI) targeting a reduction in greenhouse gas (GHG) emissions across the company’s supply chain.
Many sustainability-linked loans incorporate several KPIs, often spanning social and governance as well as environmental targets.
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