First EU Taxonomy-aligned Green Loan in the European cloud sector for OVH Cloud

Tech & Innovation
04/02/2025

We are proud to support OVH cloud as sole ESG Structuring Advisor in taking out the first EU Taxonomy-aligned Green Loan for the European Cloud sector.

OVHcloud successfully becomes the first European cloud player to take out an EU Taxonomy-aligned Green Loan complying with:
•    all the Substantial Contribution to climate change mitigation criteria in the category of Data processing, hosting, and related activities, 
•    the Do No Significant Harm (DNSH) principles 
•    and the Minimum Social Safeguards. 
The EU Taxonomy is a key element of the European Commission’s action plan aimed at redirecting capital flows towards a more sustainable economy. It represents an important step towards achieving carbon neutrality by 2050, as the Taxonomy is a classification system for environmentally sustainable economic activities. Activities are recognized as sustainable if they:
•    substantially contribute to one of the six EU Taxonomy's environmental objectives, 
•    but also do no significant harm (DNSH) to any of the other five objectives 
•    and meet minimum social standards.
OVHcloud, a global player and the European leader in cloud solutions, completed a €1.15 billion multi-refinancing, marked by the success of its inaugural bond issue for €500 million, the implementation of its EU Taxonomy-aligned Green Loan for €450 million and a multi-purpose Revolving Credit Facility for €200 million.
OVHcloud has also included a “rendez-vous clause” in the documentation for the €200 million multi-purpose Revolving Credit Facility, with the objective of potentially turning this facility into a "Sustainability-linked Loan" that includes ESG criteria to be defined and agreed with the lenders.

FindThe latest related news

  • Tech & Innovation
    Article21/11/2024

    First experimentation with Eurosystem wholesale Central Bank Digital Currency (wCBDC)

  • Green finance
    Article23/09/2024

    Growth-powering strategy: Data centre financing for a sustainable future

  • Tech & Innovation
    Article29/04/2024

    Are you familiar with quantum computing?