ABANCA will offer advantageous financing for investments in energy sustainability under the H2020 ESI Europe project and its ‘GoSafe with ESI’ solution in Spain
ABANCA and the EnergyLab have reached a collaboration agreement to promote energy efficiency and sustainability in the business fabric through GoSafe with ESI. Based on this agreement, the bank will offer financing under special conditions to SMEs that make investments to increase energy savings in their facilities under the H2020 ESI Europe project.
The terms of the collaboration between both entities and their associated financial offer are reflected in a protocol signed by the CEO of EnergyLab, Juan Ignacio Rodríguez Fernández-Arroyo, and the coordinator of the Institutional of ABANCA in Vigo, José Luis Romero Quiroga.
Thanks to this agreement, SMEs in the industrial, tertiary and transport sectors that plan to undertake investments in sustainable energy or increasing the consumption efficiency of their facilities will be able to take advantage of personal loans of up to 12 years’ term at low rates of interest, as well as guarantees and lines of financing for the payment to suppliers in advantageous conditions.
In addition, companies may opt, under this agreement, for the different official financing lines that ABANCA has subscribed with ICO and the mutual guarantee companies (SGR) Sogarpo, Afigal, SGR Iberaval and the Sociedad Anónima Estatal de Caución Agraria (SAECA).
ABANCA’s support to this project is part of the commitments in its environmental strategy and the Sustainable Development Goals. ABANCA is one of the entities that have subscribed to the Principles of Responsible Banking of the Financial Initiative of the United Nations Environment Program. In its financial activity, ABANCA works to promote a sustainable, low-emission economy. Among other actions, the entity has created new products and services based on criteria of environmental sustainability and social commitment, participates in projects of the Integrated National Plan for Energy and Climate and supports, through financing, renewable energy projects, improvement of energy efficiency and sustainable investments in the sea value chain.
