Mahou San Miguel has signed its first green loan with Banco Santander for a value of 13.8 million euros and with a maturity of six years, as reported by the 100% Spanish brewery in a statement.
Specifically, this funding, framed in the Sustainable Development Goals (SDGs) of the United Nations 2030 Agenda, will focus on projects aimed at guaranteeing affordable and clean energy to achieve more sustainable cities and communities.
In this way, this credit line will allow the owner of Mahou, San Miguel, Alhambra and Solán de Cabras to continue advancing in their corporate projects of energy optimization and more environmentally friendly packaging.
Thanks to this agreement, Mahou San Miguel incorporates sustainability criteria into its financial area that have been integrated into the management of its business for years, now also promoting socially responsible investments.
“This operation is due to our absolute conviction that, as leaders of the beer sector in Spain, we have the responsibility to ensure that sustainability is present in all areas of our activity. It is a great investment effort that we will carry out thanks to the support of a A key financial partner for us, such as Santander, “said Mariano Navarro, general director of Finance, Strategy, Purchasing and Heritage of Mahou San Miguel.
Mahou San Miguel has specified that this initiative reinforces its commitment to the environment and will allow it to continue developing its activity according to the strategic lines set out in its new Sustainability Plan ‘Now 2030’, focused on promoting economic and social progress, protecting the natural habitat and promote a healthy lifestyle.
For its part, for Santander this operation is part of its commitment to support its clients in the transition towards a more sustainable and low-carbon economy, one of the key factors that the entity considers should guide the economic reactivation in the post -covid.
The objective of the entity chaired by Ana Botín is to finance or facilitate the mobilization of 120,000 million euros between 2019 and 2025 and 220,000 million euros between 2019 and 2030 to combat climate change.