News & Publications

Company & Organisation News - 15/01/2020

Vigeo Eiris provided the Spanish Gas utility Enagás with an independent opinion for a syndicated credit line linked to sustainability KPIs.

This 1,500 million euros syndicated credit line, to which 11 national and international financial institutions participate, will mature in 2024. Its cost of financing is now linked to sustainability KPIs.

Enagas
Vigeo Eiris has been commissioned to provide an independent opinion on one sustainability indicator, Greenhouse gases emissions (scope 1 and 2), and the associated targets. Enagás committed to reduce its GHG emissions by more than 15% between 2018 and 2025.

The Opinion was established according to our ESG exclusive assessment methodology and to the Loan Market Association’s Sustainability Linked Loan Principles (https://www.lma.eu.com/application/files/8015/5307/4231/LMA_Sustainability_
Linked_Loan_Principles.pdf).

Vigeo Eiris is of the opinion that the KPI and associated targets are aligned with the four core components of the SLL Principles 2019.
For more information, click here.

Keywords : ESG, Sustainability Link Loan