Legrand today issued a second¹ series of sustainability-linked bonds indexed on the Group’s CSR. This fixed- rate issue totaled €700 million with a 6-year maturity and an annual coupon of 3.5%.

Following the Group’s first Sustainability-Linked Financing Framework established in September 2021, which addressed Legrand’s carbon trajectory for 2030 as validated by the Science Based Targets initiative (SBTi), Legrand is expanding its framework to include:

• its ambitions in terms of gender diversity, specifically the proportion of management positions filled by women;
• the carbon trajectory engagement of its suppliers, which account for most of the Group’s indirect greenhouse gas emissions (Scope 3).

More details can be found in the enhanced Sustainability-Linked Financing Framework available on the Group’s website².

Today’s bond issue testifies to Legrand’s consistently bold, exemplary and engagement-driven approach to ESG.

The success of this transaction, which was significantly over-subscribed, demonstrates once again investors’ confidence in the soundness of Legrand’s profitable and responsible development model.

¹ For more information, readers are referred to the press release dated September 29, 2021.
² For more information, readers are referred to the legrandgroup.com website:
https://www.legrandgroup.com/en/endettement-investisseurs-obligataires.