Alstom, Export Development Canada sign agreement to finance mobility projects

Alstom, Export Development Canada sign agreement to finance mobility projects Image credit: Alstom

Alstom and Export Development Canada (EDC) have signed a three-year agreement to provide financing support and insurance for mobility projects led by Alstom’s customers within a maximum total limit of C$3.5 billion (EUR 2.3 billion). The partnership builds on achieving the COP21 net-zero objective by 2050.

Under the partnership, EDC will focus its financing support to digital rail systems, services and projects based on low-emission freight and passenger mobility technologies such as electrified, hybrid, battery, or hydrogen propulsion.

The partnership aims at the highest standards in terms of environmental, social, and governance (ESG)-focused financing, as Alstom will regularly report to EDC on its sustainability path globally and in Canada using indicators such as CO2 emissions (scope 1 and 2), electricity supply from renewable sources for its operations, or gender balance in management roles. In addition, Alstom and EDC will explore further opportunities to foster additional green investments by Alstom in Canada.

Alstom has also signed agreements with the Polish export credit agency KUKE, the Italian Export Credit Agency (SACE) and the Spanish Export Credit Agency (Cesce).

Source: Alstom