Finance | 3 May, 2024 at 8:00 AM
Raiffeisen Bank funds €932 million in green loans
Regarding environmental impact, the funded projects have resulted in annual savings of over 42,000 tons of CO2.
Regarding environmental impact, the funded projects have resulted in annual savings of over 42,000 tons of CO2.
Over 15,000 residences in Romania have been certified as "Green Homes" or have obtained precertification (still in the construction phase) between 2014 and 2024.
The real estate, renewable energy, and transportation sectors are frontrunners for sustainable practices, alongside the public sector which should play an important role.
EBRD is providing a €7 million loan to UniCredit Bank dd Mostar in Bosnia and Herzegovina through the multi-donor Green Economy Financing Facility (GEFF) for the Western Balkans.
ING Bank Romania granted green financing worth RON426 million (€85.2 million) to the company RetuRO Sistem Garantie Returnare.
The banking sector has a very important role in promoting the green economy by providing green loans and sustainable support.
NEPI Rockcastle receives a new green financing of €200 million, for Mega Mall and Promenada Sibiu. The loan proceeds will be used to repay the revolving credit facilities used for the acquisitions of Forum Gdansk and Copernicus Shopping Centre, which were completed in December 2022. Subsequently, the Group's total revolving credit facility capacity will be restored to €620 million.
The company is working to advance its sustainability commitments in the four focus areas of sustainable innovation, climate, biodiversity, and inclusion, diversity and equity.
The company plans to use the funds raised through the listing to acquire renewable energy assets in Romania and Moldova.
Greenhouse gas emissions generated by the European Union's economy totaled 897 million tonnes of CO2 equivalent in the fourth quarter of 2023.
Over 500 companies from across the country are expected to attend the ESG Journey event series from May to November 2024, organized by Social Innovation Solutions in partnership with UniCredit Bank Romania.
EU Commission announced that two Chinese-owned renewable energy developers have pulled out from a public tender to build a solar photovoltaic park in Romania.
