Sonae has agreed to a series of refinancing operations totaling over €500 million. These amounts are indexed to the group's performance in environmental, social and corporate governance (ESG) indicators.
The operation allows for maintaining over 90% of the contracted financing lines associated with ESG criteria.
This initiative is framed within the company's Sustainability-Linked Financing Framework. Furthermore, it consolidates the integration of sustainability into its capital structure and aligns financial performance with long-term commitments.
Over one billion euros in sustainable financing.
With this operation, Sonae now has over one billion euros in medium and long-term ESG-linked financing lines . This amount represents more than 90% of the total lines contracted.
According to the statement, the increase will ensure the group's financing needs are met until the end of 2027, guaranteeing greater financial predictability and operational stability.
More competitive conditions
The refinancing process also contributes to increasing the average maturity of the debt and improving financial conditions. Additionally, it ensures a reduction in the average cost of financing and enhances attractiveness to sustainable investors.
These operations reinforce Sonae's position in the financial markets, in a context where ESG criteria are assuming increasing importance in investment decisions.
According to João Dolores, chief financial officer of Sonae, " the success of this refinancing operation demonstrates confidence in Sonae's financial strength, the robustness of our business model, and the consistency of the strategy we have been implementing."
The official also highlights the commitment to creating sustainable value. This commitment is supported by clear and measurable goals linked to the impact on people, communities, and the planet.
