CaixaBank participates in Alstom’s €12.7 billion sustainability-linked syndicated guarantee facility
Commitment to sustainable finance in France
WEBWIRE – Tuesday, December 13, 2022
This strategic facility is aligned with Alstoms ESG policy enabling the decarbonization of the transport sector by reducing CO2 emissions.
Over the past four years, the CaixaBank Paris branch has increased its activity and long-term commitment to the country as a result of obtaining a banking licence, which brings it closer to its customers, provides it with greater operational agility and enables it to make a greater contribution to the French economy.
CaixaBank, Spains leading bank, has participated in Alstoms 12.7bn syndicated guarantee facility.
This strategic facility is aligned with Alstoms ESG policy of enabling the decarbonization of the transport sector by reducing CO2 emissions.
The transaction demonstrates CaixaBanks capacity to support the large French corporates through its Paris branch.
Alstom, a global leader in manufacturing of transport infrastructure, has also a strong presence in Spain, including through its Santa Perptua manufacturing site and significant contracts with Renfe, the Spanish national rail company
CaixaBanks French branch
CaixaBank obtained its French branch licence in 2018, through which it provides foreign trade and corporate banking services to French or multinational corporates in their operations in France and internationally, as well as to Spanish companies operating in, or with interests in France.
Over the past four years, the CaixaBank branch in Paris has trebled its staff and increased its activity and long-term commitment to the country. In addition to obtaining a banking licence, it has assembled a highly qualified team, which gives the bank greater proximity to clients, operational agility and enables it to make a greater contribution to the French economy. The French branch has been especially active between in renewable energy project finance.
CaixaBank, a European benchmark in sustainability
CaixaBanks sustainability initiatives focus on promoting the energy transition of companies and society as a whole, including the development of solutions for individuals focusing on and sustainable mobility and housing, and the promotion of investments with ESG criteria.
Within the framework of the new 2022-2024 Strategic Plan, CaixaBank aims to mobilise 64 billion in sustainable financing, through the promotion of various initiatives focused on product offerings, ESG advice, awareness-raising and training.
CaixaBank was the leading bank in sustainable finance in Europe during the first half of 2022, according to Refinitiv rankings, which placed CaixaBank in the top position of the EMEA Top Tier Green & ESG-Linked Loans ranking.
Leading societies to a low carbon future, Alstom develops and markets mobility solutions that provide the sustainable foundations for the future of transportation. Alstoms product portfolio ranges from high-speed trains, metros, monorails and trams, to integrated systems, customised services, infrastructure, signalling, and digital mobility solutions. Alstom has 150,000 vehicles in commercial service worldwide.
CaixaBank is the leading financial group in Spain with an asset volume of 675.8 billion, making it the largest bank in the domestic market, and one of the leading banks in Europe. CaixaBank also has a strong presence in Portugal, where it controls 100% of BPI.
The Group has 20 million customers, the largest branch and ATM network in Spain and Portugal, and it is the leader in digital banking with 11 million digital clients.
Ministry of Tourism, Government of India is participating at World Travel Market (WTM) 2022 from 7th to 9th November in London which is one of the largest international travel exhibitions. The theme of this year`s exhibition is ‘The Future of Travel Starts Now’. India’s participation at WTM is significant to step up recovery of Inbound tourism to pre-pandemic level.
Ministry of Tourism has taken a space of 650 sq. mtr., over 20 participants around Indian Pavilion to participate in the Exhibition. The formal inauguration of Indian Pavilion was done by Mr. Arvind Singh, Secretary, Ministry of Tourism, Govt. of India and Mr Vikram Doraiswami, High Commissioner of India to UK in presence of Tourism Ministers of Kerala, Odisha, Karnataka, Maharashtra, Puducherry and Tamil Nadu. Inauguration of India Pavilion was done with Ribbon Cutting, Lamp Lighting, Ganesh Vandana and Welcome Remarks by Secretary, Ministry of Tourism and Welcome Remarks by High Commissioner of India to UK.
After the inauguration the Indian delegation and participants went around the Indian Pavilion and booths of various participating states and other stakeholders. During the day, Incredible India organized various Cultural Performances,Yoga Sessions, Heena and of course BollywoodDance Performance. Secretary, Ministry of Tourism attended the session on “Growing Consumer Demand for Responsible Tourism” held at Future Stage and “Preparing for the next crisis: Reaching for long term sustainability” held at Sustainability Stage, WTM venue.
Later Mr Arvind Singh Secretary and Mr Rakesh Kumar Verma Additional Secretary, Ministry of Tourism held discussions with officials of ABTA to promote tourism between two countries. Mr Rakesh Kumar Verma held meetings with travel trade and media and briefed them about the measures taken by Ministry of Tourism to promote tourism post pandemic.
The highlights of the India’s participation of WTM in the first day was India Evening at Copper Chimney, West Field Mall. The invitees to India Evening were members of Travel Trade from India and UK and India Diaspora. India Evening on 7th November, 2022 witnessed the participation of several Tourism Ministers and Secretaries of various State Governments participating in WTM 2022. The India Evening provided a platform for interaction and discussion to promote India as a multi product and around the year destination with the sustainability.
The Incredible India pavilion at @wtmlondon was inaugurated by HE Shri Vikram Doraiswami, Indian High Commissioner and Shri Arvind Singh, Secretary, Ministry of Tourism, GOI with much fanfare in the presence of several State Tourism Ministers and the travel fraternity.
— Ministry of Tourism (@tourismgoi) November 7, 2022
Secretary, Ministry of Tourism, Government of India Shri Arvind Singh while delivering the welcome remarks at the India Evening emphasized the priorities and objective of Ministry of Tourism to showcase the diverse tourism products and services including Medical Value travel and wellness, luxury trains and the gamut of tourism products to the international business community.
With this India restarts its journey to be the most preferred destination in Asia.#WorldTravelMarketLondon #WTM2022 #WTMLDN #DekhoApnaDesh pic.twitter.com/2ZDzMfyWS4
— Ministry of Tourism (@tourismgoi) November 7, 2022
(Release ID: 1874453)
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