- ACCIONA and ACCIONA Energía finalized 18 new lines of financing totaling approximately €3 billion under their new Sustainable Impact Financing Framework over the past year
ACCIONA and ACCIONA Energía increased the share of their sustainable debt to 79% of total corporate debt (+15pp) in 2023, which confirms the attractiveness of both companies’ investment strategy based on environmental, social and governance (ESG) criteria for the market. This increase is reflected in the Sustainable Finance Report, which details the sustainable debt issuances and the impact achieved with each of them.
ACCIONA and ACCIONA Energía finalized 18 new lines of financing totaling approximately €3 billion under their new Sustainable Impact Financing Framework over the past year, bringing the group's total outstanding sustainable debt balance to almost €9.87 billion.
Last year, they continued to make progress on their strategy of diversifying sources of financing. ACCIONA became the first Spanish company to obtain a ¥45 billion (€288 million) Samurai loan on the Japanese market. Meanwhile, ACCIONA Energía finalized its first green notes program, with a maximum limit of €2 billion.
ACCIONA and ACCIONA Energía's Sustainable Impact Financing Framework establishes two main categories of financing: financing linked to the execution of projects classed as sustainable according to the EU taxonomy (green financing by the use of proceeds) and financing linked to specific corporate objectives regarding sustainability (sustainability-linked financing). Within each of these categories, the aim is also to incorporate local impact, environmental or social objectives, allowing financial institutions and investors to certify a double positive impact linked to each specific financial instrument.
DOUBLE IMPACT
ACCIONA and ACCIONA Energía’s Sustainable Finance Report, verified by KPMG, reflects the impact achieved thanks to these sustainable financial instruments. In 2023, green financing through the allocation of proceeds to both companies’ projects has created an impact of 4,158MW of installed renewable energy, with an annual production of 10,137GWh; a total of 35,278 kilometers of electrified transport infrastructure; more than 5,000m2 of sustainable buildings; and the generation of 164,096m3 of quality water. In total, the activities with green financing have prevented the equivalent of 9,870 tonnes of CO2 emissions.
Regarding financial instruments linked to corporate sustainability objectives, ACCIONA and ACCIONA Energía have comfortably met the emission reduction targets set for the year as part of their decarbonization path. The percentages of investment aligned with the EU taxonomy of sustainable activities reached 99% in the case of ACCIONA (compared to the minimum target of 90%) and 100% in the case of ACCIONA Energía (compared to the minimum target of 95%).
Lastly, the two companies achieved their objectives linked to local impact commitments. These include hours of certified education and training for vulnerable groups; electricity supply in remote regions; tree planting; decarbonization plans for small and medium-sized enterprises; and purchases of zero- or low-emission products (cement, steel, concrete and machinery) that promote the growth of a decarbonized economy.