Sustainable Finance at Altri

Altri is integrating sustainability agenda into funding and finance. Therefore, through sustainable finance, Altri aims to invest in projects that improve its environmental performance, promote a clean and renewable energy production environment, and enhance an integrated pollution prevention and control, thus reinforcing Altri Group's sustainability commitment.

GreenVolt - Energias Renováveis S.A.

Sociedade Bioelétrica do Mondego, S.A. ("SBM") is a Portuguese company, wholly-owned by the GreenVolt, part of Altri's Group, which is primarily engaged in the construction, operation and maintenance of a 34.5 MW capacity biomass power plant located in Figueira da Foz, Portugal.

SBM Green Bond

In order to finance its investments, SBM has developed the SBM Green Bond Framework under which it has issued the SBM 2019-2029 Green Bond.

The using of proceeds will be exclusively allocated to finance the development of the 34.5 MW capacity biomass power plant, which will be attached to the pulp mill of its sister company, Celbi.

The Framework defines eligibility criteria in the following areas:

  1. Renewable and Clean Energy
  2. Integrated Pollution Prevention and Control

SBM engaged Sustainalytics to review the SBM Green Bond Framework, from which it has obtained a positive Second-Party Opinion on the Framework’s environmental credentials and its alignment with the Green Bond Principles, published by the International Capital Market Association.