Vigeo Eiris second party opinion on the first green loan with a project finance structure worldwide signed by Terna with the Inter-American Development Bank (IDB) and Banco Bilbao Vizcaya Argentaria (BBVA)
With a total amount of USD 81 million, the funding has been structured into a loan A for 56 million dollars awarded by the Inter-American Development Bank (IDB) and a loan B for 25 million dollars entirely subscribed by BBVA
Important: The French government published its National Action Plan for the implementation of the UN Guiding Principles on business and human rights
France is the 8th country to officially be committed in favour of corporate responsibility clauses on the respect of human rights based on the 3 pillars if the “Ruggie's Principles”. This French action plan published on April 26, 2017 by the French Ministry of Foreign Affairs has been transmitted to the European Commission as a complement to the National Plan of priority actions on CSR development. To this day, 7 countries have published their plan: the United Kingdom, The Netherlands, Italy, Denmark, Finland, Litany and Sweden.
Decent work and Due diligence: ILO and OECD update their guiding principles for multinational companies
Two reference texts upadated: ILO revised its landmark Declaration on multinational enterprises adding especially guidance on decent work while the OECD published a new guide on Responsible Business Conduct (RBC) for investors on due diligences.