ALSTOM SA: Alstom and EDC enter into a strategic partnership for sustainable mobility financing
16 Mayo 2023 - 10:45AM
ALSTOM SA: Alstom and EDC enter into a strategic partnership for
sustainable mobility financing
Alstom and EDC enter
into a strategic partnership for sustainable mobility
financing
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Global partnership worth CAD$3.5 billion
(€2.3 billion) to help secure
financing for Alstom’s mobility customers worldwide
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Recognition of Alstom’s positive economic impact and
contribution to spearheading innovation in Canada
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Focus on helping the rail sector transition to more
sustainable transportation systems
16
May 2023 –
Alstom, global leader in smart and sustainable mobility, and Export
Development Canada (EDC), Canada’s export credit agency, have
signed a Sustainable Global Corporate Partnership agreement to
promote investments in clean mobility worldwide. The three-year
agreement contemplates future export financing support and
insurance for mobility projects led by Alstom’s customers within a
maximum total limit of CAD$3.5 billion (€2.3 billion).
The partnership builds on shared commitments to
work towards decarbonizing economies and achieving the COP21
net-zero objective by 2050, in a context where public
transportation solutions such as Alstom’s are essential to reducing
global greenhouse gas emissions in Canada and internationally.
Michael Keroullé, President Alstom Americas
said: "We are very proud to establish this partnership with EDC,
especially since it recognizes the very positive role played by the
company, its employees and its operations for the Canadian economy,
and the essential contribution made by its green products to the
reduction of GHGs in the Americas and globally. We thank EDC for
its support to grow Alstom’s leadership in sustainable
mobility.”
Laurent Martinez, Alstom’s Chief Financial
Officer said: “At a time when our customers worldwide are
increasing their investments in sustainable mobility, this
strategic partnership is a landmark in Alstom’s strategy to offer
them long-term financing instruments while securing and
accelerating cash-in streams for Alstom. This unique partnership
will enable Alstom to bring them best-in-class and competitive
financing solutions to develop their projects. We are particularly
proud of the comprehensive and holistic nature of this win-win
agreement, in particular its sustainable finance features.”
Sven List, Senior Vice-President, Corporate and
International Group at EDC said: “The demand for greener, more
sustainable global mobility is rising and Alstom is delivering.
Their innovative approach to rail is helping lead societies to a
lower carbon future while ensuring cities around the world can
respond to their growing transportation needs. Through our
partnership, EDC’s financing and insurance solutions will enable
Alstom to expand their Canadian and global footprint meeting
rapidly evolving demographics and increase in urbanisation while
preserving the environment and connecting nations in developed and
underdeveloped areas around the world.”
Alstom has been present in Canada for over 80
years and is a long-term and dedicated partner of the country’s
public transit development, building, designing and modernising
rail systems for Canada’s major cities and regions. With over 4,300
employees and 1,200 suppliers in the country, Alstom maintains a
very extensive presence in Canada through its headquarters for the
Americas Region in Saint-Bruno-de-Montarville, Quebec,
manufacturing sites in La Pocatière, Quebec, as well as Brampton,
Kingston and Thunder Bay, Ontario, and operational and maintenance
activities in major cities.
In addition to such Canadian projects as future
streetcars for Toronto and Quebec City and new trains for
Vancouver’s SkyTrain, the company also is an important Canadian
exporter. Through Alstom’s above-mentioned facilities in Canada,
the company has supplied and provided goods and services to
international projects such as bi-level commuter trains for New
Jersey and two transit authorities on the west coast of the United
States, as well as light rail vehicles for Kuala Lumpur, Malaysia.
Furthermore, the company is spearheading innovation in Canada with
the development of North American platforms for green hybrid,
battery and hydrogen propulsion technologies at its innovation
centre for green rail mobility solutions announced in July
2022.
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.
Moreover, 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 & 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.
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About Alstom
About EDC |
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Alstom commits to contribute to a low carbon future by developing
and promoting innovative and sustainable transportation solutions
that people enjoy riding. From high-speed trains, metros,
monorails, trams, to turnkey systems, services, infrastructure,
signalling and digital mobility, Alstom offers its diverse
customers the broadest portfolio in the industry. With its presence
in 63 countries and a talent base of over 80,000 people from 175
nationalities, the company focuses its design, innovation, and
project management skills to where mobility solutions are needed
most. Listed in France, Alstom generated revenues of €16.5 billion
for the fiscal year ending on 31 March 2023. For more information,
please visit www.alstom.com. Export Development Canada (EDC)
is a financial Crown corporation dedicated to helping Canadian
businesses make an impact at home and abroad. EDC has the financial
products and knowledge Canadian companies need to confidently enter
new markets, reduce financial risk and grow their business as they
go from local to global. Together, EDC and Canadian companies are
building a more prosperous, stronger and sustainable economy for
all Canadians. |
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Contacts Alstom
Contact
EDC |
Press:HQSamuel Miller – Tel.: +33
(0) 6 65 47 40 14 samuel.miller@alstomgroup.com
LocalMichelle Stein – Tel.: +1 (917) 972 3490
michelle.stein@alstomgroup.com
Investor RelationsMartin VAUJOUR
– Tel.: +33 (0) 6 88 40 17 57martin.vaujour@alstomgroup.com
Estelle MATURELL ANDINO – Tél.: +33 (0) 6 71 37 47
56estelle.maturell@alstomgroup.com
1-888-222-4065media@edc.ca |
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