Repsol has launched a comprehensive sustainable financing framework to accompany its energy transition process. It is the first company in its sector worldwide to present an overarching framework that incorporates both instruments aimed at financing specific projects (green and transition) and those linked to the company’s sustainability commitments (Sustainability-Linked Bonds). This approach offers flexibility and transparency in the issuance of financial instruments.
Repsol, thus, takes a meaningful step forward in its commitment to become a net zero emissions company by 2050. The new sustainable financing framework is aligned with the 2021-2025 Strategic Plan that the company presented last November and allows access to the necessary financial resources for its implementation, reinforcing the company’s continued leadership in energy transition within its sector. Repsol’s Transition Financing Framework has been verified and certified by the ISS rating agency in line with the principles of transparency and best practices.
Source: WebWire