Sustainability involves more sectors every day who join the fight against global warming and the protection of a planet in which it is expected that by 2050 there will be 9,000 million people and in which life expectancy increases. Spain is among the European Union countries with the highest life expectancy at birth and second in the European ranking for those over 65 years of age. Thus ORPEA, reference in the field of care for the elderly and dependents, as well as in the field of mental health, commitment to the sustainability of the sector. And for this, has signed with Banco Santander its first sustainable loan for 50 million euros.
This green financing operation, granted under the ICO Investment COVID 19 financing line and with a State guarantee, reinforces the company’s sustainability commitments, immersed in a process of growth and opening of new centers throughout the Spanish geography.
The financing line is considered “sustainable” as it is linked to two indicators related to energy and environmental measures to be implemented by ORPEA. Specifically, the company will carry out a transformation of its fleet of vehicles and the environmental certification of the new buildings that it adds to its portfolio each year.
The decarbonization and hybridization roadmap of the ORPEA fleet in Spain to which the financing is linked, implies that the company will go from its current 15% of vehicles with an ECO label to 75% in the next four years (30% by 2022, 45% in 2023, 60% in 2024, 75% in 2025).
In addition, at least 60% of the company’s new buildings must have BREEAM energy certification by 2025 (30% by 2022, 40% in 2023, 50% in 2024). This international certification, Building Research Establishment Environmental Assessment Methodology), allows to measure the degree of environmental sustainability of buildings, and must be “Very Good”, “Excellent” or “Outstanding”.
Asunción Zaragoza, CEO and CFO of ORPEA Ibérica, points out that the conditions of this loan are linked to the impact of the company’s sustainability policies, one of the unavoidable pillars of corporate growth. «We are committed to promoting the use of sustainable financing instruments, whose criteria are linked to the United Nations Sustainable Development Goals (SDG) », aim.