The developer of industrial parks Stivia receives green financing for 60 million dollars from BBVA

BBVA Mexico granted a financing linked to sustainability (Sustainability Linked Loan) for a total amount of 60 million dollars to the division of industrial developments of the firm Stiva for a term of five years.

According to the banking institutionthe operation had the second opinion of the company Valora Consultores.

In addition, the bank indicated that the indicator (KPI) of this financing is directly linked to the reduction of energy intensity from non-renewable sources per square foot operated to enforce compliance during the life of the credit.

Juan Guasco, corporate vice president of Grupo Stiva, commented that the development unit of industrial parks is committed to promoting sustainability performance to enhance the facilities.

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Under this objective, the company launched a renewable energy project, with the purpose of generating clean energy and reducing electricity consumption from non-renewable sources in common areas and wastewater treatment plants by up to 50% in a period of five years.

Guasco stated that these infrastructure improvements are in addition to the United Nations Environment Program as well as the company’s ESG efforts.

“These actions generate benefits for themselves and for the tenants, such as greater resilience to events of climate changelower environmental impact, among others”, commented the businessman.

Consolidates green financing

In line with market trends, BBVA Mexico has granted more than 68,000 million pesos in financing ESG to business clients from various sectors between 2021 and 2022.

“In 2023 we will continue supporting more companies that see the bank as the best way to move towards sustainability”, assured Alejandro Cárdenas Bortoni, general director of Business Banking and Government of the bank.

He also remarked that BBVA places the sustainability as one of its strategic priorities, which is why it accompanies its business clients to build a greener future with financial solutions.