{"id":124952,"date":"2024-01-29T07:52:48","date_gmt":"2024-01-29T05:52:48","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/firstgroup-builds-on-sustainability-linked-loan-package-to-finance-electric-buses\/"},"modified":"2024-01-29T07:52:48","modified_gmt":"2024-01-29T05:52:48","slug":"firstgroup-builds-on-sustainability-linked-loan-package-to-finance-electric-buses","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/firstgroup-builds-on-sustainability-linked-loan-package-to-finance-electric-buses\/","title":{"rendered":"FirstGroup builds on sustainability-linked loan package to finance electric buses"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/124952\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\nPublic transport operator FirstGroup has secured a \u00a3150m finance package to support the addition of 1,000 electric buses to its fleet, building on an existing \u00a3300m sustainability-linked loan. The new \u00a3150m hire purchase and asset finance package, led by Lloyds Bank, will support FirstGroup deliver its vision of a zero-emission UK bus fleet by 2035. This target covers some 4,500 buses. FirstGroup is electrifying depots on a case-by-case basis and is aiming for full electrification in York, Norwich, Leicester and Hampshire by March.<\/p>\n<p>With the new finance package, FirstGroup will be supported to purchase electric bus chassis. Lloyds Bank was the sole owner coordinator and sole green finance coordinator, with NatWest and Bank of America acting as participants in the facility. The news comes just two months after FirstBus unveiled a joint venture with Hitachi, under which it will lease up to 1,000 electric bus batteries. NatWest supported this project with a \u00a396m syndicated loan facility.<\/p>\n<p>Both of these finance packages build upon a \u00a3300m sustainability-linked loan agreed by FirstGroup in 2021. This loan sees FirstGroup receiving preferential interest rates if it meets or exceeds its targets to reduce emissions intensity across all scopes, and delivers its plans for adding zero-emissions buses to time. Lloyds Bank was the joint ESG coordinator on the loan issuance. You can read more about First Bus\u2019s EV transition in this recent interview feature from edie by clicking here. https:\/\/www.edie.net\/next-stop-ev-how-first-bus-is-navigating-the-transition-to-a-zero-emission-fleet\/<\/p>\n<p>In related news, the UK\u2019s largest train operator has this week launched a roadmap to net-zero energy by 2050. Govia Thameslink Railway\u2019s (GTR) plans include ending the use of diesel trains, which currently account for some 3% of is services. It is weighing up whether to electrify sections of track or introduce battery-powered trains. Efforts will also be made to increase renewable energy generation and procurement, both to serve the electrified trains and tracks and to power buildings and other infrastructure.<\/p>\n<p>GTR already procures electricity for all depots, offices and stations that is backed with renewable guarantees of origin certificates. It is seeking to expand self-generation with rooftop solar on train depots, from 6,000 panels already in operation. On heating, all buildings and depots currently fitted with gas-fired heating will be transitioned to ground-source heat pumps. Energy efficiency is highlighted as another key focus, alongside changing energy sources. GTR\u2019s plans include a smart meter rollout and an upgrade programme for air conditioning systems to this end.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.edie.net\/firstgroup-builds-on-sustainability-linked-loan-package-to-finance-electric-buses\/\">edie.net<\/a> <\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/environmental-news-en\/firstgroup-builds-on-sustainability-linked-loan-package-to-finance-electric-buses\/\">FirstGroup builds on sustainability-linked loan package to finance electric buses<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[13124,575,13125,6009,13126],"class_list":["post-124952","post","type-post","status-publish","format-standard","hentry","category-news","tag-electric-bus","tag-environmental-news-en","tag-first-group","tag-loan","tag-sustainablility"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/124952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=124952"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/124952\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=124952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=124952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=124952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}