Prague Airport has new financing according to ESG rules. The basic pillar is the reduction of the carbon footprint
06.01.2023 8:24 | Press Release
Prague Airport and a consortium of banks signed an amendment to the loan agreement from October 2021. The document takes into account financing according to ESG principles. As part of the amendment, specific parameters are chosen that will be evaluated regularly, and when they are met, the existing financing of the airport will be reduced. The basic pillar is the gradual reduction of the carbon footprint.
The Chairman of the Board of Directors of Prague Airport, Jiří Pos, confirms that the airport subscribes to the ESG approach in all areas. “All year long, we have been setting up the ESG strategy across the entire company in detail. This successfully resulted in the signing of the ESG amendment. In addition, the airport can use its long-term active approach not only to sustainable development, but also to ecology or, for example, social issues,” says Pos.
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ESG financing was negotiated with existing creditors – Československá obchodní banka, Všeobecná úverová banka and Raiffeisenbank and their foreign parent banks.
“We appreciate Prague Airport’s active approach to sustainability and the entire field of ESG, which is also a fundamental topic for the ČSOB group. We are very happy that we were able to participate in this reference transaction with the support of ČSOB Advisory, as not only in the role of arranger and agent, but also in the role of a professional advisor for ESG,” says Ján Lučan, member of the board of ČSOB recommends for Relationship Banking.
“On behalf of VUB Bank, we are very happy that, in addition to supporting Prague Airport as a major player in the field of infrastructure in the Czech Republic, the financing of the airport’s development will also have ESG parameters. As a bank, we strongly support this strategy and we are pleased that more and more companies are perceived in this way,” adds Mr. Andrea Fiori, CEO of VÚB banka – Prague branch.
“For Raiffeisenbank, ESG is one of the key topics. When providing financing, we therefore greatly appreciate that our client meets specific ESG goals beyond regulatory requirements,” says Barbara Tutass, Director of Large Corporates.
Further up-to-date information can also be found on the Prague Airport Twitter HERE.
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author: Press Release