Sustainable Agriculture

BBVA has acted as global and sustainability coordinator and advisor for COFCO International, the overseas agriculture business platform of China-based COFCO Corporation, in a new syndicated sustainable facility. For a total of USD 700 million and a tenor of 3 years, this financing is the second sustainability-linked loan (SLL) arranged by COFCO International, the sector’s leading sustainability performer and one of the most active commodity traders in the sustainable loan market. Apart from the coordinator roles, BBVA has also been appointed facility agent among a syndicate of seven international and Chinese banks.

The term agribusiness is used to refer to economic activities derived from or connected to farm products. In other words, crop production, as well as crop processing, transportation and distribution. Agriculture and all of its economic, social and demographic derivatives… a sector that has an impact on practically all the Sustainable Development Goals (SDGs).

As part of its commitment to the communities it serves, BBVA is contributing to the fulfillment of the UN's second Sustainable Development Goal (SDG): to end hunger and promote sustainable agriculture. The 17 SDGs are a universal cry, calling for the adoption of measures to end poverty, protect the planet, and ensure that all people enjoy peace and prosperity. With this initiative, the UN appeals to businesses to take a stake in public-private alliances and join forces by uniting their efforts behind this initiative.