SNCF GROUP - First Unsecured Green Money Market Loan
Saint-Denis, June 24, 2025
SNCF SA, the holding of SNCF Group, rated A-1 / P-1 / F1+ (S&P / Moody’s / Fitch) ¹, launched its very first bilateral green unsecured money market loan², similar to banking “Green Deposits”, on June 13, 2025. This €100 million transaction, with a one-month maturity, was carried out in partnership with Dutch broker AFS Group and the Republic of Austria. With this investment, Austria has further demonstrated its commitment to innovative ESG strategies, reinforcing its position as a global leader in sustainable finance. This transaction positions the SNCF Group among the first European issuers of unsecured green money market loan.
The issuance is in line with the SNCF Group' s 100% sustainable financing strategy implemented since 2024. Following the issuance of its first Green Commercial Paper in 2021, this new instrument offers additional diversification and supports the Group’s environmental goals.
The net proceeds from this instrument, like those from Green Commercial Paper and Green Bonds, are strictly dedicated to financing sustainable investments, including infrastructure and rolling stock, as defined in SNCF's Green Securities Framework.
This new financial instrument strengthens the SNCF Group's position in sustainable finance and underscores its commitment to supporting the climate transition. All green instruments are subject to annual disclosure through an Impact & Allocation Report ensuring full transparency for investors.
SNCF SA has earned an Ecovadis score of 85/100 (placing it in the top 1% of the sector) and holds a “B” rating from the Carbon Disclosure Project (CDP)³.
ABOUT SNCF GROUP
SNCF Group is a global leader in passenger and freight logistics services, including management of the French rail network, with revenue of €43.4 billion in 2024, of which one-third on international markets. The Group covers 170 countries and has 290,000 employees, with over half in its core rail business and nearly 217,000 working in France.
¹ Ratings intended to assess the company's solvency
² Short-term bilateral financing dedicated to sustainable projects, based on the issuer's financial strength
³ Rating intended to assess companies’ environmental and social practices
“AFS is proud to support its public sector clients in achieving their sustainability and transition targets by providing innovative solutions in support of the global goals.” Godfried Le Blanc - Deputy Head | Interest Rates Division.
