CIE Automotive signs its first sustainable financing agreement
CIE Automotive annouced, last 18 of July, the signature of its first sustainable financing agreement with a commercial bank, for which it has counted on BBVA.
The Group has closed with the bank a sustainable bilateral loan for a total of 80 million euros, which will be used to partially finance CIE´s investment plan.
Sustainable financing consolidates BBVA's bet for the fight against climate change, as well as reaffirms CIE Automotive's vision for the future, which includes as a priority to keep a balance between industrial activity and environment, minimizing the environmental impact of its activities.
In the words of Jesús María Herrera, Chief Executive Officer, "at CIE we have integrated corporate social responsibility into our management model, developing and promoting ethical and responsible behaviors along the value chain in order to meet the expectations of all our stakeholders. This loan is a new step towards that commitment and reinforces our firm bet to sustainability."
