Hispasat wants to improve the environmental impact of satellite communications


Hispasat, Redeia’s (previously Red Eléctrica España) Spanish satellite communications operator leader in the distribution of content in Spanish and Portuguese, is committed to assessing the environmental impacts of its activities as well as implementing actions to reduce them; improving the energy efficiency of its facilities and optimizing waste management.

To do so, it has renewed and extended a credit line incorporating sustainability criteria for the first time.

This transaction represents a milestone in Hispasat´s Strategic Sustainability Plan and allows the terms and conditions of the financing to be adapted to ESG criteria and indicators aligned with Redeia’s Group policies in this field. 

The company regards sustainability as the ability to generate social and environmental well-being, while producing economic value and maintaining its leadership as one of the world's leading satellite operators. One of the fundamental pillars of Hispasat's Sustainability Plan is the respect for the environment

The new multi-currency revolving credit line has renewed by extending the maturity and has increased the size to €250 million. This will reinforce the company’s liquidity policy while supporting the execution of the 2020-25 Strategic Plan. Societe Generale was the only international financial institution in the bank syndicate..

Juan Jesús García Chaparro, Economic and Financial Director of Hispasat, stated how during these tough times for international markets, the financial sector’s support of HISPASAT is a strong sign of confidence in the strength of the company and its strategic project to move up the satellite services value chain while we firmly commit to sustainability and socially responsible actions within the scope of our activity.

Vicente Iglesias, Senior Banker at Societe Generale: We are delighted to have accompanied Hispasat in their first ESG-linked credit line. The Bank is fully committed with ESG financing and we are proud to be able to support our clients in this endeavor.