Aqualia was recognized for its 2023 impact in an award that highlights the broad, multi‑regional reach of a significant green financing initiative. The €1.1 billion green syndicated loan, arranged in 2022 with ten banking institutions led by CaixaBank, was cited for its scale and geographical diversity across operations.
A panel of industry experts and a dedicated editorial team reviewed entries and concluded that the award should honor the June 2022 transaction. It stands as the largest green loan issued in Spain and one of the region’s most notable in Europe. A second opinion from DNV, an assurance and risk management foundation, confirmed alignment with Green Lending Principles, reinforcing the credibility of the financing framework. The awards celebrate investors and best practices across asset classes and geographies.
The loan is being used to boost the energy efficiency of wastewater facilities, optimize energy consumption, and reduce water losses in supply networks. It also funds desalination projects with lower carbon footprints, the generation of hydroelectric power with minimal greenhouse gas emissions, and the procurement of zero‑emission vehicles. Additionally, it supports the construction of anaerobic digestion plants to treat sewage sludge and biological waste, turning waste into electricity while minimizing methane leaks.
As stated by Isidoro Marbán, the company’s Chief Financial Officer, one 2023 milestone is that nearly half of EBITDA now comes from international activities. The focus remains on measuring performance beyond economic metrics, with ongoing efforts to improve the seven lines of the sustainability strategy and strengthen overall impact across its portfolio.
By the end of 2022, Aqualia reported several environmental advances under its Green Financing Framework and Strategic Sustainability Plan. Renewable energy use rose to 34.15 percent, with a target of 50 percent by 2030. Energy consumption was reduced by more than three percent against a defined target, non‑revenue water decreased by one percent, and the company neared its 2023 goals while undergoing audits of 13 percent of operations. The Spanish fleet also adopted more low‑emission vehicles.
As a pioneer in the sector, Aqualia earned certification from a leading standards body for progress toward Sustainable Development Goals. The company emphasizes water stewardship as a foundation for development and a driver of change toward a fairer society. Its purpose centers on safeguarding the well‑being of communities through the sustainable delivery of integrated water services and recognizing water as a universal resource essential to life and progress. (Source: Environmental Finance)”