Seven financial institutions participated in this transaction. BNP Paribas Bank Polska S.A. acted as SLL Sustainability Coordinator, ING Bank Śląski S.A. as an intermediary and Coöperatieve Rabobank U.A. as a documentation coordinator. The other banks involved in this transaction are Commerzbank AG, Mbank S.A., Powszechna Kasa Oszczędności Bank Polski S.A. and UniCredit Bank AG.
The SLL margin is tied to whether the company achieves a comprehensive set of five key performance indicators (KPIs), which include environmental, social and corporate principles (ESG) in the road transport and logistics sector. KPIs are an innovative combination of internal KPIs and external evaluation of ESG principles.
The combination of Raben's five key performance indicators comprehensively addresses the essential ESG principles for Raben's operations, including greenhouse gas (GHG) emissions, gender diversity and management practices. This sustainability loan represents an important milestone for the European road transport and logistics sector, as well as for the Polish financial market.
The KPIs of the SLL loan are part of the objectives of the Raben Group ECO2WAY 2025 as defined in the "Sustainability Report 2020":
30% reduction in emission intensity in Raben branches,
10% reduction in emission intensity during transport activities,
96% of the fleet with Euro V and VI emission standards,
relative reduction of road freight transport due to increased efficiency,
calculation of greenhouse gas emissions - updating and improving the tool for calculating CO2 in transport.
"Sustainability has been in our DNA for years and this transaction is a real confirmation of our ambitions and involvement in this area. At the same time, it is a huge commitment for our group to continue to improve in the future. However, we welcomed this challenge because we are convinced that the Raben Group has a strong motivation for sustainability, "said Ewald Raben, CEO of the Raben Group.
He added: "Today's agreement proves that other sectors, such as banks, also see responsible business as key to the future economy and trade. We are pleased to be able to join forces and work together to provide sustainable solutions for future generations. I am confident that both the market and awareness will evolve over the next three to five years, and customers will prefer companies for which sustainability will be a key issue in their operations. "
"This SLL transaction in the transport and logistics sector in Poland shows how BNP Paribas Bank Polska can use its advisory capabilities to support the leading logistics group Raben Group in inaugural financing linked to ESG principles. As decarbonisation, social impact and governance become a strategic imperative, companies will increasingly need sustainable financing as leverage to achieve their zero emissions ambitions, ”said André Boulanger, Vice President of BNP Paribas Bank Polska, Corporate and Institutional Banking. , small and medium enterprises and corporate banking.