In line with best market practices and the latest publications of the International Capital Market Association (Sustainability Bond Guidelines, Green Bond Principles, Social Bond Principles) and the Loan Market Association (Green Loan Principles and Social Loan Principles), this update reflects the ambitions set out in the group's strategic plan launched in 2023, “Lead the Future”.

The Sustainable Financing Framework focuses on sustainable investments in the Orange's core business, through 8 categories of eligible projects, out of which 3 targeting environmental objectives and 5 targeting social objectives, as presented below:
-    Energy efficiency
-    Renewable energy
-    Circular economy
-    Deployment of optic fiber networks in areas at risk of digital exclusion
-    Deployment of mobile networks in areas at risk of digital exclusion
-    Digital skills
-    Supporting financial and social integration  
-    Supporting entrepreneurship

The Sustainable Financing Framework continues to manage sustainable bonds and now includes sustainable loans. Orange will be able to refinance projects whose expenses were incurred in the 3 years preceding the issuance of the sustainable financing and Orange will have to allocate the funds within 24 months.

Sustainalytics has issued an independent Second-Party Opinion on the Framework, confirming its alignment with market practices and its contribution to sustainable development.

The Sustainable Financing Framework and the Second-Party Opinion are available on Orange’s website.

About Orange

About Orange Orange is one of the world’s leading telecommunications operators. The Group aims to be the trusted partner for everyday digital life by providing individuals, businesses and communities with reliable connectivity and innovative services. As of the end of 2025, Orange connects 340 million customers (including MasOrange) across 26 countries and generated 40.4 billion euros in revenues.
As a trusted player, Orange leverages the excellence of its very high-speed broadband networks to deploy digital infrastructure in Europe, Africa and the Middle East. The Group is a European leader in fiber, with 100 million connectable households, and convergent offers. In France, Orange connects 34 million customers and was ranked No. 1 by the regulator Arcep for the quality of its mobile network for the 15th consecutive year. In Africa and the Middle East, the Group’s growth engine, Orange serves nearly 180 million customers and promotes digital and financial inclusion through its connected solutions.
Under the Orange Business brand, the Group supports companies in transforming their networks as well as in AI, trusted cloud and cybersecurity. Orange is also a major player in the wholesale market, where it has a leading global telecom infrastructure and significant capabilities for deploying and operating submarine cables. A committed innovator, Orange relies on 700 researchers and holds a portfolio of 11,000 patents.

Orange is listed on Euronext Paris (symbol ORA). More information: www.orange.com. 

Orange and any other Orange product or service names mentioned in this material are trademarks of Orange or Orange Brand Services Limited.