Inclusio and Caisse d’Epargne Belgium sign a Sustainability-Linked Loan (SLL)

Inclusio SA, a Belgian public Regulated Real Estate Investment Trust (REIT), and Caisse d’Epargne Belgium, a branch of Caisse d’Epargne Hauts de France, have signed a Sustainability-Linked Loan (SLL) for an amount of €12.5 million, with a maturity of 5 years. This innovative financing is aligned with the principles of the sustainable loan market and incorporates ambitious and measurable ESG criteria.

The loan is intended to finance new investments in social and sustainable real estate, as part of Inclusio’s continued growth strategy. The loan margin will be adjusted annually based on Inclusio’s ESG performance indicators, which will be audited by an independent third-party organization.

Caisse d’Epargne Belgium is a branch of Caisse d’Epargne Hauts de France, a leading banking institution north of Paris with 200 years of history. A 100% regional bank owned by its customers, it is B Corp certified.

A member of the BPCE Group, it mobilizes 3,000 employees, 300 branches and 8 business centers to support 1.1 million individual clients and 43,000 professional and corporate clients. It also supports local authorities, social and solidarity economy organizations, social housing providers and real estate professionals, and generated €687.5 million in net banking income (NBI) in 2024. Caisse d’Epargne Hauts de France also offers a wide range of expertise: investment banking, structured finance, growth capital, M&A, private banking, and sector-specific expertise in Agriculture, Healthcare and Impact.

Through its real estate arm, Foncière L’Étoile du Nord, Caisse d’Epargne Hauts de France invests in long-term real estate assets.

Together with Nagelmackers, a Belgian institution in the personal and private banking market since 1747, and its branches Caisse d’Epargne Belgium and Caisse d’Epargne Nederland, Caisse d’Epargne Hauts de France positions itself as a leading international banking player in Belgium and the Netherlands.

Jean-Luc Colson, CFO of Inclusio, said:
“This new SLL financing concluded with Caisse d’Epargne Belgium enables Inclusio to anchor its social and sustainable strategy at the heart of its financing policy. It rewards our commitment through favorable financial conditions, while strengthening the transparency and impact of our actions.”

Eglantine Eeckhout, Sustainability Manager at Inclusio, added:
“This sustainable loan reflects our DNA of placing social and environmental impact at the heart of every investment. By linking our financial conditions to demanding ESG indicators, we are affirming a model of responsible growth aligned with the expectations of impact investors.”

Amandine Leflot, Senior Real Estate Corporate Banker at Caisse d’Epargne Belgium, stated:
“This SLL financing, aligned with Inclusio’s social and sustainable strategy, illustrates our commitment and our role as a financial partner in supporting our Belgian clients on CSR (Corporate Social Responsibility) topics. It fully reflects the DNA of Caisse d’Epargne Hauts de France, which is committed to social impact and B Corp certified.”