Vigeo Eiris provides the Spanish company CIE Automotive with its ESG score for its first sustainable revolving credit facility (RCF).
CIE Automotive is a global industrial group specialized in the design, manufacture and sale of components and sub-assemblies to the automotive market.
As the economic conditions of the loan are linked to the company’s ESG score, Vigeo Eiris evaluated the company’s ESG performance and will do so every year.
The €80 million RCF is a bilateral loan signed with BBVA.
This credit transaction confirms the development of this new way to directly align the financing cost to the sustainability performance of a company, either using indicators or ESG scores