Ence - Energía y Celulosa has signed a new sustainable loan of Euro 25 million with CaixaBank, which will be used to finance different projects of the company for the pulp business.

Zellulose

Ence signs a new loan of Euro 25 million with CaixaBank

Ence - Energía y Celulosa has signed a new sustainable loan of Euro 25 million with CaixaBank, which will be used to finance different projects of the company for the pulp business. This new loan will help finance, among others, investments aimed at promoting the circular economy and improving the environmental performance of the Ence biofactory in Navia (Asturias), Spain.

One of the highlights of the operation is that the loan conditions will be set based on its sustainability performance, so that if the company improves its sustainability parameters, the interest rate will also improve.

In this sense, the independent rating company Sustainalytics will be responsible for annually evaluating Ence’s performance in environmental, social and good governance aspects.

With this operation, Ence reinforces its commitment to sustainability and is positioned as one of the leading Spanish companies in promoting sustainable financing for investments with a clear positive impact at the environmental level.