The first maritime financing with integrated ESG criteria by Hellenic Bank, is announced by Piraeus Bank, consistent in its commitment to harmonize its business strategy with the Sustainable Development goals.
Piraeus Bank, which holds a leading position in financing Greek-owned merchant shipping, has entered into a sustainability-linked loan with a subsidiary of the Seanergy Maritime Holdings group to finance part of the cost of acquiring a ship.
Under the terms of the $ 16.85 million financing, incentives are being given to the company to gradually reduce the CO2 emissions of the funded ship.
It is worth noting that at the same time, in the context of expanded actions to reduce CO2 emissions, Seanergy signed the “Call to Action for Shipping Decarbonization” which is a global alliance of more than 230 leading companies and organizations operating in all its sub-markets. maritime economy. The signatories of this “Call to Action” believe that a fair effort to get rid of the marine chain’s carbon by 2050 is both possible and necessary.
It is pointed out that Piraeus Bank is the first bank in Greece that has provided financing to large and medium enterprises with criteria related to Environment, Society and Corporate Governance (ESG). These criteria combine growth and economic performance with social and environmental sustainability.
Businesses financed through Sustainability Linked Loans are motivated to meet ESG criteria in order to benefit from competitive terms, such as lower lending pricing, by committing to the criteria to enjoy the benefits throughout its life. loan.
The environmental benefit that is expected to be achieved in the coming years from the active partnership between the companies and the Bank is estimated to contribute to the reduction of greenhouse gas emissions, the rational use of raw materials, as well as the protection of the natural environment in general.
Ms. Eleni Vrettou, Executive General Manager and Head of Corporate and Investment Banking of Piraeus Bank, points out: in Sustainable Development across the spectrum of economic activity “.
.
Source From: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
