FCC enviro publishes its Sustainable Finance Report 2025
FCC enviro, within its Sustainable Finance Framework updated on 14th February 2023, has published its Sustainable Finance Report 2025, which details the total amount allocated to eligible green projects and the amount allocated by project category. With the aim of ensuring traceability and transparency in the use of funds, this Framework establishes the obligation to disclose annually information relating to the allocation of net proceeds from Green Bond and Green Credit issues.
The report provides a detailed breakdown of the allocations made during the 2024 financial year, in accordance with the framework and internal taxonomy, and specifies both the total amount allocated to eligible green projects and the distribution by investment category. These allocations comply with the criteria defined by the Green Bond Principles (GBP) of the International Capital Market Association (ICMA) and the Green Loan Principles (GLP) of the Loan Market Association (LMA).
During 2024, FCC enviro allocated a total of €771 million to eligible green projects. Of this amount, €496 million corresponds to the issuance of a green bond on 30 October 2023, and the remaining €275 million derives from various short-term green financing operations formalised in December 2023 and in the first half of 2024.
In line with FCC enviro's commitment to subject the allocation process to an independent external assessment, the verification agent DNV has reviewed the report and issued its positive conclusion on compliance with the criteria established in the Sustainable Financing Framework. The verification includes:
- Validation of project eligibility,
- proper management and monitoring of revenues,
- and consistency between reported allocations and supporting documentation.