[ad_1]
For TRATON Financial Services Mexico, this transaction is structured under its Green Financing Framework, developed with the technical support of the Global Green Growth Institute (GGGI) and the backing of the Government of the Grand Duchy of Luxembourg. The transaction marks a significant step in the integration of social and governance safeguards into its risk management framework within transport sector financing.
“we seek to support initiatives that not only strengthen companies, but also contribute to a gradual and sustainable transition across the industry”
According to Karla Gabriela Gallardo Correa, Head of Industrials & Utilities GTB at BBVA Mexico, “At BBVA, we believe financing plays a fundamental role in supporting the transformation of strategic sectors for the country. At BBVA Mexico, we seek to support initiatives that not only strengthen companies, but also contribute to a gradual and sustainable transition across the industry.”
“Green financing is not an aspirational concept, but rather a tangible tool to foster productive investment and support the transformation of the transport sector”
“Green financing is not an aspirational concept, but rather a tangible tool to foster productive investment and support the transformation of the transport sector,” said Laura Hernández, CFO of TRATON Financial Services Mexico. She added: “This facility demonstrates how sustainability can be integrated into day-to-day financing deals while maintaining financial discipline, solidity and a strong execution focus.”
The TRATON Group has its own Green Financing Framework, supported by a Second Party Opinion (SPO) issued by S&P Global. At the local level, the TRATON Financial Services Mexico Financing Framework has received an SPO from Sustainable Fitch, with an “Excellent” rating, underpinning its technical robustness, alignment with market principles and credibility with financial institutions and investors. The Framework enables the structuring of different green financial instruments, including bilateral loans, bonds and commercial paper, and establishes clear categories for the use of proceeds allocated to environmentally impactful projects.
Eligible green categories under the SPO issued by Sustainable Fitch include projects related to zero-emission transport, low-emission transport and infrastructure for low- and zero-emission transport. This approach ensures that the resources deployed contribute in a tangible manner to emissions reduction, fleet modernisation and enhanced access to financing within the transport sector.
The signing of this Green Financing agreement between BBVA Mexico and TRATON Financial Services Mexico reaffirms both institutions’ commitment to promoting financial solutions that contribute to lower-emission mobility, delivering real, measurable and long-term impact for the country’s transport sector.
[ad_2]
Source link
