Sustainable funding

In 2023, Aciturri fulfilled the proposed targets for all indicators, ensuring the maintenance of the sustainable financing rating.

In 2019, Aciturri settled a syndicated loan that the correspondent bank (Banco Santander) labeled sustainable funding.

According to the bank, this was done based on four sustainability indicators, allowing us to measure Aciturri’s commitment to sustainability. The excellent performance against these four initial indicators allowed for a sustainable funding rating in 2019, 2020 and 2021. In December 2021, the indicators were revised by mutual agreement between both parties (Banco Santander and Aciturri), reducing them to three, although more demanding targets are set for 2022. Since then, for debt to be classified as sustainable, at least one of the three indicators must be met, and there must be no severe controversy (structural or recurrent sustainability problem, high environmental or social impact issue, high risk to the business, or a high number of problems or incidents that have not been effectively and satisfactorily resolved). All of this is analyzed by a prestigious independent third party, acting as a sustainability auditor, analyzing the achievement of the indicators.

For debt to be classified as sustainable, it must meet at least one of the three established indicators, and not have a severe controversy.

INDICATOR	GOAL	2019	2020	2021	2022	2023 ⁹	Motivation
ENERGY INTENSITY RATIO	<0,68 GJ/K€	0.49	0.66	0.87	0.64	0.61	It measures the effectiveness of the actions implemented to reduce the organization's environmental impact.
CONTROL OF CO₂EMISSIONS (SCOPES 1 & 2)	<0,045 tCO₂/K€	0.045	0.045	0.047	0.043	0.036	It enables the company to play an active role in the fight against climate change.
ACCIDENT FREQUENCY RATE	<0.065	0.060	0.052	0.056	0.054	0.046	It shows Aciturri’s commitment to the safety of its employees.

9. The ratios in this table differ from those reported in other sections (‘Health and Safety,’ ‘Energy Consumption,’ and ‘Carbon footprint and other Atmospheric Emissions’) because they are calculated for different scopes. The agreement entered into with Banco Santander considers for these indicators only the perimeter formed by Aciturri Aeronáutica S.L.U. and the subsidiaries Aciturri Aerostructures, S.L.U., Aciturri Engineering, S.L.U., Aciturri Aeroengines, S.L.U. and Malichaud Atlantique S.A.S., excluding the companies Alestis Aerospace S.L. and Alestis do Brasil Industria Aeroespacial Ltda.