On the sidelines of the Grands Prix de la Finance Solidaire organized in Lyon on Tuesday, November 9, the town hall announced that it was subscribing to “green and ethical loans“responsible banks.
On the occasion of the 12th edition of the Grands Prix de la Finance Solidaire, which was held at the Lyon City Hall on Tuesday, November 9, the mayor of Lyon Grégory Doucet and his 1st deputy in charge of public procurement finances Audrey Henocque, reaffirmed their desire for more virtuous finance. A commitment directly linked to the ecological transition strategy in which environmentalists have taken part since the start of the mandate.
4 banks selected after a consultation
Thereby, “eager to use ethical banks” not “the traceability of the origin of funds“is possible, the City of Lyon has chosen several banking institutions to mobilize a loan of 20 million euros over 15 years. This is the result of a consultation with 16 institutions which then retained four players in finance: the Nef for 3 million euros, the Energy Transition Bank for 7 million, the Crédit Coopératif for 4 million. The last 6 million will come from Arkéa (mutual bank) allowing the City to “guarantee a coherent and controlled borrowing strategy“.
Such a consultation also allows the town hall of Lyon to “get out of a purely financial logic of the “lowest bidder”, explains the City in a press release. The town hall is also working on the launch of a first green bond for a minimum amount of € 10 million by the end of the first half of 2022.