As part of its sustainability strategy, BRD Groupe Société Générale has entered into a new partnership agreement with the European Investment Fund (EIF), aimed at supporting Romanian companies in the ecological transition of their economic activity.
The Sustainability Financial Instrument is a portfolio guarantee product (RRF Sustainability Portfolio), which subscribes to the financial instruments pillar of the PNRR and aims to provide support in the adaptation of companies and business processes to climate change and green transition, with a major impact on the quality of life and contributing significantly to the European Union’s objective of achieving climate neutrality by 2050.
“BRD is ready to use its experience in the process of sustainable transformation of the economy, being a support in the adaptation of Romanian companies and their business processes to climate change and green transition”, said Lidia Capmare, Director of the European and National Programs Department with BRD.
Through this Sustainability Facility, the bank aims to achieve two main objectives:
– To support investments that contribute to the green and sustainable transformation of the economy by supporting eligible beneficiaries’ access to bank financing;
– Supporting investments that aim to improve the accessibility of services, products and infrastructure and the development of assistive technologies, as well as the adaptation of business infrastructure to facilitate accessibility for customers and employees with disabilities and/or impaired functionality.
Thus, SMEs and Small Enterprises with medium market capitalization will be able to benefit from loans of up to 15 years to finance the following investment categories:
– Green investments (climate change mitigation, adaptation to climate change, transition to circular economy, investments related to environmental impact and sustainable management of natural resources, protection and restoration of biodiversity and ecosystems);
– Green investments in agriculture and forestry;
– Investments in social accessibility services
Due to the EIF’s participation in the credit risk, lending conditions (interest rates, advance, additional collateral requirements, etc.) are more advantageous than standard ones.