The bank certified ten export pre-financing operations and loans for exporters. Sustainability is one of the BBVA Group’s six strategic priorities.
The bank BBVA certified as sustainable ten export pre-financing operations and financial loans for exporters to the wine company Grupo Peñaflor for a total of US$64.8 million.
The lines are certified under the Winery Protocol of Bodegas de Argentina and under the BBVA CIB Framework for Sustainable Products. In addition, the financial institution noted, the use of the funds complies with the United Nations Sustainable Development Goals (SDGs) for contributing to the Preservation of life in terrestrial ecosystems (SDG 15)
“At BBVA we work to accompany our clients in the transition towards a more sustainable world. In this sense, it is a pride to support a leading company like Grupo Peñaflor with sustainable financing, which has high standards of wine sustainability in national production and is committed to preserving the life of terrestrial ecosystems”said Verónica Incera, director of Corporate & Investment Banking at BBVA in Argentina.
BBVA accompanies its clients on their path towards sustainability
BBVA highlighted its leadership in sustainable financing, which led the company to be the first European bank and third in the world in the Dow Jones Sustainability Index.
The bank has also actively promoted some of the most important international sustainable financing initiatives, including United Nations Responsible Banking Principles.
Sustainability is one of the six strategic priorities of the BBVA Group. In this framework, for this year he projected the Goal 2025 initiative, which aims to mobilize capital worth 300 billion euros to fight climate change and promote sustainable development between now and 2025.
Source: Ambito
