Post by account_disabled on Jan 16, 2024 23:51:46 GMT -5
In June 2020, the financial entity reached 40% of the 100 billion euros committed between 2018 and 2025 in sustainable finance and to fight climate change. This figure includes operations in green finance (62% of the total), financial inclusion and entrepreneurship (13%), sustainable infrastructure and agribusiness (11%), and other sustainable mobilization (14%). Specifically, and after two and a half years of launching the '2025 Commitment ', it has managed to mobilize 40,082 million euros, at the end of June 2020. In 2019, the bank granted a total of 10,176 million euros in sustainable loans, to the which another 6,309 million have been added in the first half of 2020, adding a total of 23,904 million mobilized since 2018.
These loans include certified green finalist loans, loans linked to environmental and social indicators ('KPI-linked') and loans linked to client ESG rating ('ESG-linked') and corporate financing. The entity has accelerated, on the occasion of the '2025 Commitment', its commitment and in March 2019, the bank led its first sustainable RCF credit line in the United Kingdom with SSE, the largest producer of renewable Whatsapp Number List energies in the United Kingdom and Ireland . In April of that year, BBVA acted as sustainable agent in ACCIONA's first sustainable syndicated loan, one of the first financing arranged also governed by the Sustainability Linked Loan Principals (SLLP), incorporating adjustments in the interest rate according to the performance of the company in sustainability parameters.
Other notable operations in 2019 were the formalization with Fibra Uno of the first revolving credit line linked to sustainability in Latin America, the signing of a 'revolving' credit line with the French energy group EDF that incorporates a price adjustment based on the company's evolution in sustainability aspects, the signing of the first syndicated sustainable financing with a Chinese corporate client (COFCO International). An escalation that has accelerated From the entity, they remember that this year the first sustainable loan in the steel sector in Spain was closed with Acerinox ; has advised the German energy company EnBW as the sole sustainable coordinator to incorporate environmental and social criteria into its main bank financing; has acted as sustainable agent for the new green loan of the GMP real estate group; and has formalized a sustainable loan with the food company Borges, the conditions of which are linked to the evolution of the environmental impact of its industrial production.
These loans include certified green finalist loans, loans linked to environmental and social indicators ('KPI-linked') and loans linked to client ESG rating ('ESG-linked') and corporate financing. The entity has accelerated, on the occasion of the '2025 Commitment', its commitment and in March 2019, the bank led its first sustainable RCF credit line in the United Kingdom with SSE, the largest producer of renewable Whatsapp Number List energies in the United Kingdom and Ireland . In April of that year, BBVA acted as sustainable agent in ACCIONA's first sustainable syndicated loan, one of the first financing arranged also governed by the Sustainability Linked Loan Principals (SLLP), incorporating adjustments in the interest rate according to the performance of the company in sustainability parameters.
Other notable operations in 2019 were the formalization with Fibra Uno of the first revolving credit line linked to sustainability in Latin America, the signing of a 'revolving' credit line with the French energy group EDF that incorporates a price adjustment based on the company's evolution in sustainability aspects, the signing of the first syndicated sustainable financing with a Chinese corporate client (COFCO International). An escalation that has accelerated From the entity, they remember that this year the first sustainable loan in the steel sector in Spain was closed with Acerinox ; has advised the German energy company EnBW as the sole sustainable coordinator to incorporate environmental and social criteria into its main bank financing; has acted as sustainable agent for the new green loan of the GMP real estate group; and has formalized a sustainable loan with the food company Borges, the conditions of which are linked to the evolution of the environmental impact of its industrial production.