Blog Investors Careers Media Worldwide English French BUY ONLINE OFFER & MARKETS GROUP COMMITMENTS REXEL TODAY Media News With the successful placement of its new sustainability-linked notes offering, all of Rexel’s outstanding bonds are now linked to GHG emission reduction targets CLIMATENEWS 4 NOVEMBER 2021 With the successful placement of its new sustainability-linked notes offering, all of Rexel’s outstanding bonds are now linked to GHG emission reduction targets Pursuing its commitment to reduce its greenhouse gas emissions, Rexel successfully placed on November 3, 2021 €600 million of its 2.125% senior sustainability-linked notes due in 2028. The Group had already placed a €300 million sustainability-linked notes on April 27, 2021, supplemented by an additional €100 million tap issuance on May 7, 2021, also linked to the achievement of greenhouse gas emission reduction targets. For this operation, Rexel has established a Framework in accordance with the Sustainability-Linked Bond Principles and reviewed by Vigeo Eiris, who provided a second-party opinion. Under this Framework, Rexel selected two indicators and committed to achieve: A 23% reduction in greenhouse gas emissions related to the consumption of products sold, per euro of turnover (scope 3) by December 31, 2023 from a 2016 baseline; and A 23.7% reduction in greenhouse gas emissions related to energy consumption in its operations (scopes 1 and 2) by December 31, 2023 from a 2016 baseline. These objectives are in line with Rexel’s 2030 ambition to reduce its scope 3 related emissions by 45% and to reduce its emissions related to scopes 1 and 2 by 35%, from a 2016 baseline. The success of this new sustainable note issuance confirms investors’ confidence in Rexel’s commitments and in its determination to continuously improve its environmental performance.* “This new issuance of sustainability-linked notes confirms that ESG is at the heart of Rexel’s strategy, setting short-term milestones on the way to achieving our 2030 goals on greenhouse gas emissions. With this issuance, all our outstanding bonds now are linked to sustainability targets, demonstrating again our commitment to play our part in fighting global warming. This transaction underscores the key role of distributors in promoting the use of green products and constitutes a further step in our efforts to strengthen our balance sheet by extending the maturity of our debt at attractive financial conditions.” Guillaume Texier, CEO of Rexel * Rexel will use the proceeds of the issuance of the Notes, together with available cash, to redeem in full the 2.750% senior Euro notes due June 2026 (the “2026 Notes”). Rexel expects to redeem the 2026 Notes on or about November 15, 2021. Rexel can elect not to redeem the 2026 Notes if it does not issue all the Notes or if there is a material adverse change in financial markets. More information : Documentation about the April 26, 2021 operation Launch Press Release Pricing Press Release Sustainability-Linked Bond Framework Second Party Opinion on Rexel’s Sustainability-Linked Bond Framework Independent practitioner’s limited assurance report on the 2016 baseline Documentation about the May 7, 2021 operation Launch Press Release Pricing Press Release Sustainability-Linked Bond Framework Second Party Opinion on Rexel’s Sustainability-Linked Bond Framework Independent practitioner’s limited assurance report on the 2016 baseline Documentation about the October 26, 2021 operation Launch Press Release Pricing Press Release Sustainability-Linked Bond Framework Second Party Opinion on Rexel’s Sustainability-Linked Bond Framework Independent practitioner’s limited assurance report on the 2016 baseline Rexel’s sustainable commitments press kit: IN THE SAME CATEGORY NEWS PUBLICATION 5 NOVEMBER 2021 The new edition of Rexel Today is online CLIMATE NEWS 28 APRIL 2021 Rexel successfully completes its first sustainable bond offering ACQUISITION NEWS 17 MARCH 2021 Rexel expands its electric mobility services offer Offer & MarketsThe GroupCommitmentsBlogRexel TodayInvestorsCareersMediaRexel WorldwideBuy OnlineContact usUniversal Registration DocumentCybersecurity and anti-fraud Credits Cookies Settings © 2021 Rexel Sitemap Legal notice Security warning By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation and analyze site usage. Our Privacy Notice Reject All Accept All Cookies Cookies Settings