In our Strategic Plan for 2021-2023, we ratified our commitment to a fully sustainable business model inspired by the SDGs. As an active participant in the sustainable finance market, we are taking a new approach to sustainable financing instruments to support our strategy by developing innovative financial products and diversifying the portfolio of operations to include short-term and current instruments.
So, in 2020:
- We formalised two medium-term bank financing operations in the Club Deal format for a total of 550 million euros. Both operations are linked to a sustainability target.
- We reached a milestone in the Euro Commercial Paper market with the registration in the CNMV of its SDG7 Euro Commercial Paper Programme for an amount totalling 4,000 million euros, as this is the first corporate programme linked to sustainability targets listed in Europe.
- We formalised bank guarantees linked to sustainability targets for an amount totalling 630 million euros and factoring operations for major clients, retail clients and Public Administrations.
Our ambition is not restricted to the role of supporting the sustainable finance strategy, as we also use sustainable financing as a valuable tool for promoting sustainability amongst our stakeholders (financial institutions and suppliers).
Along these lines, we signed two agreements with financial institutions totalling 329 million euros to introduce sustainability criteria into the confirming operation.
We also signed a loan with the European Investment Bank for 35 million euros to finance the deployment of 8,500 charging stations for electric vehicles over four years. This is how we are helping to accelerate the transition towards electric mobility in Europe and helping to reduce polluting emissions.