The European Investment Bank (EIB) and Rabobank are scaling up their support for environmentally conscious businesses. Through this new instrument, €300 million will be made available to small and medium-sized enterprises (SMEs) working at the forefront of sustainable development.
Over the last nine years, in cooperation with the EIB, Rabobank has provided over €1.8 billion in sustainable financing to over 1 000 SMEs.
Sustainability is one of the main pillars of the EIB and Rabobank’s strategy. It is becoming increasingly important for businesses to invest in a sustainable future. Rabobank is proud to continue its partnership with the EIB and to encourage companies to make sustainable investments through the Rabo Impactlening instrument. Since 2015, environmentally conscious companies have benefited from favourable lending conditions thanks to EIB-supported impact loans provided under Rabo Impactlening.
NL Retail Director at Rabobank Carlo van Kemenade said: “We are noticing a considerable increase in demand for sustainable financing.
“Successful companies do not only aim for financial return, but are also increasingly conscious of their environmental and social impact. As such, they play a key role in the transition and in helping to prepare the economy for the future and, as a bank, we are pleased to support their ambitions in this regard. Rabobank is therefore proud to continue its successful partnership with the EIB.”
EIB Vice-President Robert de Groot said: “Achieving our climate goals requires a concerted effort, and the sustainability of SMEs plays a crucial role. The EIB maintains a positive relationship with Rabobank – having already agreed the ninth impact loan for sustainable companies – and thus demonstrates that green activities are also economically attractive.”
