Cesce consolidates its green shift: 38% of its state-guaranteed portfolio is now sustainable financing.

 

Cesce strengthens its role as a driving force of sustainable internationalization of the Spanish economy. The company presented a comprehensive report in Madrid, coinciding with the 52nd OECD meeting on Export Credits, which details its firm commitment to sustainability and the fight against climate change.

 

This analysis, focused on the activity carried out on behalf of the State, shows that the sustainable financing has become a central pillar, reaching the 38% of the total managed portfolio, which is located at about 6.000 millones de eurosThis strategic change has been compatible with a increase in the total volume of insured projects, which the entity itself describes as a success case in the migration towards a greener model.

 

Hydrocarbon risk reduction and the rise of renewable energy

 

The commitment to decarbonization is directly reflected in the composition of the portfolio. Since 2020, live risk In the hydrocarbon industry, one of the sectors most exposed to climate transition risks, decreased from 42% to 24%This reduction is in line with national climate commitments, which seek a reduction of at least 75% in this type of risk by 2035.

 

In parallel, the participation in the renewable energy sector has been the most significant growth driver. Renewables have climbed from 6,9% of the portfolio in 2020 to 16,3% in 2024, materializing in 2.583 millones de euros in new operations. This reorientation in the typology of operations has had a direct environmental impact, since it is estimated that avoided 28,25 million tons of CO2 in 2024.

 

 

Sustainability is one of the fundamental pillars of Cesce's strategy, which has been reflected in the development of a Sustainability Master Plan that applies to all of the company's activities with three fundamental lines of action: Environmental, Social and Governance.

 

 

Green Policies and Climate Strategy

 

A key factor in this growth has been the launch in 2022 of the Green Investment PoliciesThis product is specifically designed to offer financing solutions to foreign investment projects with a clear sustainable component. Since its implementation, this new modality has meant two-thirds of new green hiring, securing projects worth 638 millones de euros just last year.

 

La Sustainability It is one of the pillars of Cesce's strategy, embodied in a Master Plan that covers the Environmental, Social and Governance lines. The agency has also developed a Climate Strategy ambitious, with the aim of achieving the carbon neutrality in 2050, in line with Spain's goals. To achieve this, it has strengthened and integrated climate risk analysis (social and environmental) within the evaluation process of all operations.

 

This work places Cesce at the international forefront. The entity was one of the eight founding Export Credit Agencies of the Net Zero ECA Alliance at COP28, which promotes decarbonization by 2050 and the establishment of concrete emission reduction targets. Cesce is committed to continuing to improve its methodologies to identify, analyze and quantify better understand the physical and transition risks to which your portfolio is exposed.