Towards sustainable infrastructures, carbon neutrality and safety
Sacyr, a global concessions, infrastructure and services group, goes one step further towards sustainable infrastructures, carbon neutrality and safety.
The company has recently signed a Sustainability-Linked Loan to refinance €355 million of corporate debt. In this transaction, Sacyr assumes sustainability and safety commitments based on the definition of both C02 reduction indicators and the rate of labor accidents; failure to comply with these terms involves an adjustment on pricing.
The company, one of the leading firms in Spain and ranked sixth worldwide, is the holding company of an international recognized and diversified Infrastructure group, specialized in infrastructure with presence in construction, infrastructure concessions and service provision segments.
In addition to the Strategic Plan they presented at the beginning of 2021, the company launched the Sacyr Sustainable Plan 2021-2025, with which they have introduced new indicators focused on environmental, social and governance (ESG) issues to, among other things, promote diversity, fight climate change -aiming at becoming carbon neutral by 2050- and double the investment in social action and innovation. As a result of this new approach, Sacyr was awarded as the most sustainable company in the infrastructure and construction sector in Spain, according to Sustainalytics ESG Risk Rating assessment.
Societe Generale acted as Mandated Lead Arranger, Coordinator, Bookrunner and Sustainability Coordinator in this Sustainability-Linked Loan that will provide long-term financial flexibility to meet the company’s needs. The bank, as Sustainability Coordinator, was one of the financial entities in charge of defining the ESG KPIs that focus on greenhouse gas emissions reduction.
We are a leading solution provider to sustainable development problems. We follow a responsible business model, mindful of planetary boundaries, and developed a model to measure Sacyr’s social footprint to understand the social impact of our projects. That is why we are very proud to have gone a step further by assuming sustainability commitments in this transaction, which extends debt maturity, reinforces, and simplifies the company’s long-term capital structure,
Sacyr aspires to move society forwards to a sustainable future through the development and management of infrastructures that generate a positive social, economic and environmental impact. We are very proud to support them with this Sustainability-Linked Loan to reinforce their sustainable strategy,