Derio, February 21, 2023. As part of Tubacex’s strategic commitment to sustainability goals, the company has registered a supplement to its regulatory documentation for its promissory notes program for an amount of 200 million euros on the Alternative Spanish Fixed-Income Market (MARF), linking this program to fulfilling certain sustainability goals such as waste recycling, health and safety.
This is Tubacex’s first source of funding linked to sustainability criteria. The company will use it to diversify its funding sources, access new investors and optimize its costs, while reaffirming Tubacex’s social and environmental responsibility throughout its value chain, thereby further reinforcing its commitments to accelerating the energy transition.
Tubacex is the world leader in the design, manufacture and installation of sophisticated industrial products and high value-added services for the energy and mobility sectors. Tubacex delivers value to its customers thanks to its global presence, with production plants and service centers in Spain, Austria, Italy, USA, India, Thailand, Saudi Arabia, Dubai, Norway, Canada, Singapore, Guyana and Kazakhstan. Its sustainability and environment policies are backed by the main ESG certification bodies, such as the Science Based Targets (SBT) emission reduction commitments, accreditation in ratings such as CDP (A- score), and EcoVadis or S&P sustainability standards. Tubacex is a listed company on the Spanish Stock Market since 1970 as part of the Ibex Small Caps Index.