Main impact points:
EUR 500 million blue bond: Saur Group issues the water sector’s first blue bond to finance sustainable water management projects. Strategic Water Management: This fund supports initiatives such as water production, wastewater treatment, and desalination that have minimal environmental impact. Investor confidence: This issuance reinforces Saul’s leadership in the water transition, backed by strong investor confidence in our sustainability vision.
Saul Group, a global leader in the water sector, has announced the successful issuance of a EUR 500 million blue bond, becoming the first water company to enter the sustainable finance market with this innovative means. These Blue Bonds are designed to fund projects aimed at protecting and restoring water resources, further demonstrating Saul’s commitment to sustainable water management.
Water sustainability blueprint
Inspired by the green bond model, Saul’s Blue Bond will fund important water initiatives such as:
Water production and distribution, wastewater collection and treatment, and desalination technologies that minimize environmental impact.
Patrick Bresson, Executive Chairman of Saur Group, said:
“By becoming the first blue bond issuer in the water sector, Saul confirms its leadership and visionary commitment to more sustainable water resource management. At Saur, we are sending a clear message that innovation and environmental responsibility are the drivers of our growth.”
Patrick Bresson
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Financing sustainable growth
Funds raised will be used for the following purposes:
Refinancing €450 million of Sustainability Linked Senior Notes due 2025 to finance new and existing water projects under Saul’s green and blue financing framework.
The Blue Bond issuance is part of Saul’s comprehensive sustainability initiative, which aims to grow revenues from €2.1 billion in 2023 to €4 billion by 2030, by focusing on innovation and sustainable solutions. This is in line with the development strategy.
Strengthening investor confidence
Saul has demonstrated the ability to attract significant investment for sustainability. In 2021, the company became the first French water company to refinance approximately €1 billion of debt through sustainable bonds. This latest Blue Bond issuance further cements investors’ confidence in the company’s long-term vision for the water and environmental transition.
With this innovative financial move, Saul will continue to lead the global water sector towards sustainable and responsible growth, ensuring the conservation of vital water resources for future generations.
