RATP group Green Bond impact report JUNE 2020 Green bonds: promoting an enhanced economic and environmental performance
In carrying out our functions, RATP Group continuously works to reconcile economic and environmental performance. Green bonds are an example of this. Over the past three years, RATP Group has issued green bonds amounting to €500 million on two separate occasions, the first in 2017 and the second in 2019. Both green bond issuances met with great success: in 2019, demand for them amounted to €2.6 billion, reaching a subscription rate five times greater than that of the initial issuance. These results demonstrate our credibility in terms of sustainable development; they also show how appealing RATP Group’s signature is. Presentation of RATP Group p. 02 Thanks to the two green bond issuances, we are able CSR approach and the ecological and to successfully carry out projects that are at the core of carbon transition p. 04 RATP Group’s priorities: they contribute to the financing of rolling stock renewal and the automation of metro Our green bond program p. 08 lines making journeys easier; they also finance projects Description of projects financed by bond regarding our real estate and the energy conversion of proceeds p. 10 our bus fleet, which both play a part in making cities increasingly sustainable. Allocation of borrowed funds p. 22 At a time when RATP Group and France are confronted Methodology of the green bonds with the aftermath of a historic crisis, I am convinced that program indicators p. 24 economic recovery must be accomplished in conjunction with the ecological transition. Faced with this two-fold Attestation by one of RATP EPIC’s challenge, initiatives such as the issuance of our green Statutory Auditors p. 30 bonds are highly relevant.
GREEN BOND IMPACT REPORT, JUNE 2020 — 1 PRESENTATION OF RATP
Our expertise Urban mobility: 4 continents, 12 countries
RATP Group has developed unique time-honoured expertise The United Kingdom France Switzerland Italy as a multimodal operator and is a world leader in urban mobility. RATP Group relies on 6 areas of expertise to build the city of tomorrow.
China 64,000 8 transport 5 partnerships employees modes operated in new forms of mobility
Morocco Philippines 16 M The United States daily journeys worldwide Metro Urban and Demand Railway Autonomous Scooter Smart Qatar interurban buses Responsive vehicle car parks Transport Algeria
4.8 billion Saudi Arabia journeys per year including South Africa 1.5 billion outside Île-de-France Sightseeing Tram Maritime shuttle Cable car Carpooling Car sharing
Urban mobility Urban services Engineering
RATP is a major player in urban public transport in Île-de-France. RATP Smart Systems: design, integration, operation, and maintenance The Group’s expertise of ticketing, multimodal information, and operational support systems. in engineering allows it RATP Dev is the subsidiary that develops and manages contracts RATP Cooperation: technical assistance on behalf of public authorities operating to deliver safe solutions for for operating transport networks outside of RATP’s traditional public transport networks. all transport modes in a timely and cost-effective manner. area, in France and internationally. Passengers RATP Real Estate: real estate management and engineering for RATP Group. Buy transport Systra: RATP participation RATP Travel Retail: marketing and managing urban spaces. tickets. with a 43.4% stake through Mobility offering RATP Connect: specialising in the roll-out of fibre optics. RATP Cooperation. Transport authorities combining fluidity, high RATP Habitat: management and construction of social housing in Île-de-France. Delegate operations quality service, and safety. and maintenance. Group employees Define the pricing policy. Payment of wages, training, etc.
Transport authorities, Suppliers State, local authorities Infrastructure Investment funds Sponsorship Advertising Energy purchases, chartering, Joint funding management and businesses materials, rolling stock, of investments. RATP Capital Innovation: 100% owned For over twenty years, intellectual services, etc. Contribute to the Group’s RATP manages the infrastructure by the RATP Participations subsidiary, the RATP Group revenue derived from of the metro and RER lines which invests in targeted companies Foundation has embodied the use of spaces. it operates. It is responsible for or investment funds in line with the human values of RATP State and investors the maintenance and upgrading key innovation and development Group. It supports general State and local authorities Shareholding Payment of taxes and duties. and financing. of existing infrastructure and for areas: new forms of mobility interest projects in the the technical management of the and smart cities. heart of the locations future Grand Paris Express network. where we operate, An economic model integrating a vast ecosystem of stakeholders in France and abroad. “Traditional” revenues for a transport operator. Joint funding of investments. Expenses (wages, payments to suppliers, taxes, etc.). Other finance and cash flow sources.
2 — RATP GROUP GREEN BOND IMPACT REPORT, JUNE 2020 — 3 CSR APPROACH AND THE ECOLOGICAL AND CARBON TRANSITION
RATP group: a long-term It is set out in a roadmap that is made commitment to Corporate available to our internal stakeholders and regularly updated. Social Responsibility RATP Group naturally contributes to the UN’s sustainable development goals. RATP Group continues to demonstrate its commitment to being The Group’s CSR commitment has always been long-term There is detailed information available in a world leader in urban, sustainable and connected mobility. and on a voluntary basis. It has shown promising results in the 2019 Financial and CSR report. Its drive is to be the privileged partner of smart cities. its performance so far. In 2017, in addition to a new and The Corporate Social Responsibility (CSR) policy is fully in line with even more ambitious CSR policy, it was natural for the this goal and emphasises the proactive and ambitious role that RATP Group to consider launching an inaugural Green Bond. is playing in energy transition and sustainable development. The operation was renewed in 2019. 17 GOALS TO TRANSFORM OUR WORLD
The Group CSR policy is based on three strategies Below, are some of the emblematic dates of this commitment:
1996 2009 2017 Creation of the first First sustainable Update of the sustainable Be a major player Reduce our Confirm body for continuous development policy development policy in mobility and environmental our social communication with sustainable cities footprint responsibility approved passenger 2018 associations “CSR Commitment” label, “confirmed” level obtained Establish a connected Reduce the carbon footprint Contribute to the economic 2011 by RATP. and accessible mobility and save resources vitality and solidarity in regions RATP Group joins the Forum 1999 Adoption of the first offering of Committed Companies Signing of the International code of ethics Develop the circular Promote management that Association of Public convened by Transparency Act in favour of economy encourages staff commitment International Transport (UITP) 2014 environmental health development charter Group’s first CSR report 2019 Promote continuous Ensure fair practices Second issuance of green Encourage urban integration improvement and in its value chain bonds, new code of ethics and and functional diversity eco-design measures code of business conduct and corruption prevention
2003 2015 UN Global Compact Signing of the CSR charter membership for the Grand Paris contracts 2006 First energy policy
4 — RATP GROUP GREEN BOND IMPACT REPORT, JUNE 2020 — 5 CSR APPROACH AND THE ECOLOGICAL AND CARBON TRANSITION
Average greenhouse gas emissions per passenger- Trends in energy consumption and GHG emissions Extra financial Energy kilometre, RATP network in Île-de-France – RATP
1 ratings transition 2017 2018 2019 2025 target