News & Publications

Company & Organisation News - 02/10/2020

Vigeo Eiris provides Second Party Opinion on the alignment of the Sustainability Linked-Loan agreed upon by Colombina and BBVA Colombia

The 45 million COP intended Loan, was closed in September 2020. In this operation, the interest rate applicable for this credit is linked to the evolution of an environmental indicator, in this case, the reduction of the company's carbon footprint, until 2025.

Vigeo Eiris has assigned a Second Party Opinion (SPO) on the alignment of the Sustainability Linked-Loan Principles and the ambition of the target established (reduction of the carbon footprint) for the Loan intended by Colombina and BBVA. Vigeo Eiris is of the opinion that this Loan is aligned with the Sustainability Linked-Loan Principles and expresses a Reasonable assurance (our highest level of assurance) on the target established.

Vigeo Eiris has produced more than 260 second-party opinions on sustainable financing operations in Europe, Africa, Americas and Asia. We are a Climate Bonds Standard Approved Verifier.

Colombina S.A., is a global company with Colombian capital, which has more than 90 years of experience providing products to its clients around the world. Colombina focuses on the production and commercialization of food in different lines (biscuits and pastries, sauces, ice cream, cold cuts, juices, among others) with recognized brands.

BBVA Colombia is aligned with the BBVA Group’s sustainability policies. BBVA is one of the 30 founding banks of the United Nations Principles for Responsible Banking, which defines the role of the sector in moving towards a low-carbon economy and, ultimately, a more sustainable world. BBVA’s aspiration is that all the products it offers to customers, whether large companies, institutions, SMEs or individuals, have a sustainable solution.

For more information, please contact our Sustainable Finance Team – VEsustainablefinance@vigeo-eiris.com

BBVA Group’s News Release [Spanish] – https://bbva.info/30u0dBL

Keywords : BecauseESGmatters, ESG, SPO, Sustainability Linked Loan