Siemens Gamesa Renewable Energy continues to demonstrate that sustainability can be present in every step it takes as a company, including its funding strategy. In less than a year, it has accumulated €1.48 billion in green guarantee lines.
The company has just completed a deal with Societe Generale to convert a €230 million guarantee line to 'green'. This is the third green guarantee line that Siemens Gamesa has arranged so far this year, in addition to €1.25 billion arranged with two other banks.
Siemens Gamesa will use this line for its worldwide business of manufacturing onshore and offshore wind turbine generators. "This deal contributes to implementing projects that benefit the environment, address climate change and are socially responsible. It further enhances our company's firm commitment to the Sustainable Development Goals (SDG) in connection with 'Affordable and clean energy' and 'Climate action'. Incorporating environmental, social and governance criteria into finance is another step in our commitment to creating a better future for people and the planet, by optimising financial capital in order to accelerate the transformation towards a more competitive and sustainable business model," said David Mesonero, Chief Financial Officer of Siemens Gamesa.
Siemens Gamesa has installed over 99 GW of wind capacity worldwide, which produce enough clean energy to power nearly 85 million European households. In this way, the company contributes to eliminating 260 million tpy of CO2 emissions.
The company also supports the global climate protection goals and has adopted the global initiative to decarbonise economies. Siemens Gamesa is steadily replacing conventional emission-intensive power sources with renewable energies in its operations.
Siemens Gamesa is a member of prestigious international sustainability indexes, such as Dow Jones Sustainability Indices®, FTSE4Good® and Ethibel Sustainability Index®.
Read the article online at: https://www.energyglobal.com/special-reports/31122019/siemens-gamesa-enhances-sustainable-funding-strategy/