How a corporation accelerates its green commitment with a Green Line Facility? Example with Elecnor

29/06/2020

Elecnor, the Spanish infrastructure, energy and telecommunications group, has recently entrusted Societe Generale to act as fronting and issuing bank of its first Eur70 million green guarantee facility.

Elecnor, the Spanish infrastructure, energy and telecommunications group, has recently entrusted Societe Generale to act as fronting and issuing bank of its first Eur70 million green guarantee facility to be utiliSed in the frame of eligible green projects that benefit the environment and are socially responsible. 

Elecnor strengthens, therefore, its commitment with the highest standards of responsibility in sustainability. The Group’s activity is focused on actively improving the protection of the environment through renewable energies and the reduction of the carbon footprint.

This green financing will contribute to the company’s purpose aimed at driving the 13th ODS “Climate Action” of the United Nations Global Compact, promoting sustainable projects that are respectful with the environment where they are placed. 

“ Elecnor is aware of the importance of its actions on people and the environment in which it operates. For this reason, our objective is to maximise positive impacts while minimising negative ones on society and the environment, throughout our value chain, through ethical and transparent behaviour, ”

Luis Alcibar,
CFO for the Group

We are proud to support Elecnor with this green financing in its commitment to positively impact the environment and the society. As a financial service provider and advisor, Societe Generale is committed to play a key role in the success of a responsible ecological transition, in particular by proactively supporting its clients in the development of sustainable development projects.

Laetitia Rodríguez,
Banker at Societe Generale
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