|With the obtained resources, projects with sustainable impacts will be financed or refinanced in the countries where the leading company in water solutions has operations.|
On June 28, Rotoplas emitted a sustainable bonus for projects with environmental and social benefits, becoming the first leading company to issue debt of this nature in Latin America and the second in America.
The placement for a total amount of 2,000 million Mexican pesos (mdp), was made in two issues (AGUA 17X and AGUA 17-2X). The first one with a term of 3 years with variable rates and the second one with 10 years with fixed rate, both as part of a program of 3,000 million of Mexican pesos. The emission contributes and is aligned to the Sustainable Development Goals (SDG) of the United Nations and the Global Compact, the largest initiative of Corporate Social Responsibility and Sustainable Development of the world.
Among the eligible projects that aim to provide basic and viable infrastructure for clean water and sanitation in vulnerable populations, you can find drinking water solutions, as well as sanitation and water treatment, water storage and recycling.
This sustainable emission has as objective to finance or refinance projects that improve access to water and sanitation, and that seek to solve as environmental as social challenges, through the attachment of the reference framework of this projects to the Green Bond Principles and the Social Bond Guidance; which is evaluated by a qualified third part.
Rotoplas’s Sustainable bonus was evaluated by Sustainalytics, who concluded that the company is well positioned to provide water and sanitation solutions to help solve these challenges, and recognized that it has clear and transparent processes for the resources management, defining this sustainable bonus as “solid, reliable and transparent”. Also, it considered that the resources obtain from this emission will positively contribute to Rotoplas sustainable strategy.
Rotoplas has the strong commitment to improve access to water and sanitation through solutions with a positive impact in environmental and social ambits, as proved in the establishment of their sustainability strategy and in their products portfolio.
Grupo Rotoplas assured that, with the issue of this sustainable bonus that combines green and social components, the company based in a transparent corporate governance strengthens its commitment to sustainability and its leadership position in the market.