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BayWa AG signs ESG-linked syndicated financing agreement for €1.7 billion - Seite 2

"The syndicated financing agreement rounds out our long-term financing activities over the past few years and marks a departure from the short-term strategy that tends to prevail at trading companies," says Andreas Helber, CFO of BayWa AG. "Linking the credit line to sustainability factors is another systematic step in keeping with our focus on sustainability." The sustainability rating will have a direct effect on the terms and conditions of the syndicated financing agreement. "The more successful we are in terms of sustainability, the more the company benefits from better conditions as a reward for its commitment. As a result, the significance of sustainability as our strategic guiding principle is reflected in our financing," Helber adds.

BayWa's new financing strategy has been met with widespread approval among banks. "We have seen tremendous interest here, as with previous financing projects," says Uwe Falk, Head of Treasury at BayWa AG. That interest is a further reflection of the company's solid reputation in the financial sector and of the faith lenders have in BayWa's sustainability expertise, Helber adds. The successful performance of the Renewable Energies business unit at BayWa r.e. AG is one of the developments that helps to foster trust, as are the consistent and systematic efforts to anchor sustainability targets within the corporate strategy. In addition, BayWa rolled out a Group-wide climate strategy in 2018 and has published a sustainability report every year since 2014.

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Editor:
Carina Thomann, BayWa AG
PR/Corporate Communications/Public Affairs
Phone: [phone], Fax: [phone]
E-mail: [e-mail]

Contact:
Jenny Levié, BayWa AG, Head of PR/Corporate Communications/Public Affairs,
tel. [phone], Fax [phone],
e-mail: [e-mail]

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09.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.