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Faurecia launches first green bond to fund hydrogen projects

Faurecia launches first green bond to fund hydrogen projects

Faurecia has launched its first green bond, the proceeds of which will be used to help fund the company’s hydrogen projects, the French automotive equipment supplier confirmed today (17th March).

In a statement, Faurecia said this inaugural green bond is fully in line with the company’s commitment to sustainable mobility, and in particular with the group’s ambition to invest in hydrogen mobility which is gaining momentum around the world.

Today’s announcement comes a month after Faurecia said it was setting its sights on becoming a leader in hydrogen mobility.

Faurecia estimated in February that hydrogen mobility will be a €17bn market of 2.5 million vehicles in 2030 and said the company is therefore targeting €500m of sales in 2025 and more than €3.5bn by 2030.

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