Sopra Steria Strengthens its Environmental Commitment by Financing Two Greentech Startups through its Sustainability-Linked Loan | PR Newswire [Video]

, /PRNewswire/ — Sopra Steria, a major player in the European tech sector, strengthens its commitment to combating climate change. The Group announces its support for two startup projects contributing to carbon elimination: one through ocean alkalinization, the other through the regeneration of degraded and arid lands via regenerative agriculture.

On April 7, 2022, Sopra Steria announced the indexing of its €1.1 billion credit line to its goal of reducing greenhouse gas emissions by 85% per employee by 2040, in line with the Paris Agreement. To support this commitment, validated by the SBTi* and audited, a bonus/malus mechanism was integrated into the credit contract subscribed by the company. Sopra Steria’s achievement of environmental performance targets in 2022 and 2023 has created a dedicated fund of over €200,000 to finance innovative technological projects in the fight against climate change.

Axelle Lemaire, Executive Director in charge of Sustainable Performance and Corporate Social Responsibility at Sopra Steria, commented:…