Spanish infrastructure, energy, services and telecommunications group Elecnor has signed an agreement with Société Générale for its first green guarantee line, worth EUR 70 million. The French company will act as the issuing bank for the operation. This funding will be invested in selected green projects that are environmentally beneficial and socially responsible.
Through this operation, Elecnor is stepping up its commitment to the highest standards of sustainability. The Group's activity is focused on actively promoting environmental protection through renewable energy and reducing its carbon footprint. This funding line will contribute to the company's role in driving climate action—Sustainable Development Goal 13 of the United Nations Global Compact—by encouraging the development of sustainable and environmentally friendly projects.
"Elecnor is aware of the impact of its actions on society and the environment in which it operates. For this reason, through ethical and transparent behaviour, we aim to create value and reduce risks and damage to society and the environment along our value chain," explains Luis Alcibar, CFO of the Group.
"We are proud to support Elecnor with this green funding in its commitment to make a positive impact on the environment and society. As a provider of financial and advisory services, Société Générale is committed to playing a key role in ensuring the success of the ecological transition, in particular by actively supporting its clients in the development of their sustainable development projects", explains Laetitia Rodríguez, a banker at Société Générale.
Elecnor is one of the leading corporations in project development, construction and operation through two major mutually-enriching business areas: Infrastructure and Concessions.
Infrastructure, renewable energy and new technologies are the main areas of activity in which the Infrastructure and Concessions businesses are involved.