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

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.

INDICATOR 9

GOAL
2019

RESULT
2019

GOAL
2020

RESULT
2020

GOAL
2021

RESULT
2021

GOAL
2022

RESULT
2022

GOAL
2023

RESULT
2023

GOAL
2024

RESULT
2024

GOAL
2025

MOTIVATION

Energy intensity ratio
< 0.75 GJ/K€
0.49
< 0.75 GJ/K€
0.66
< 0.75 GJ/K€
0.87
< 0.68 GJ/K€
0.64
< 0.66 GJ/K€
0.61
< 0.63 GJ/K€
0.53
< 0.60 GJ/K€
It measures the effectiveness of the actions implemented to reduce the organization's environmental impact.
Control of co2 emission (scope 1 & 2)
< 0.05 tCO2/K€
0.045
< 0.05 tCO2/K€
0.045
< 0.05 tCO2/K€
0.047
< 0.045 tCO2/K€
0.043
< 0.043 tCO2/K€
0.036
< 0.040 tCO2/K€
0.035
< 0.038 tCO2/K€
It enables the company to play an active role in the fight against climate change.
Accident frequency rate
< 0.10
0.060
< 0.10
0.052
< 0.10
0.056
< 0.065
0.054
< 0.062
0.046
< 0.06
0.048
< 0.06
It shows Aciturri’s commitment to the safety of its employees.

9. The ratios shown in this table differ from those reported in other sections ("Health and safety", "Energy consumption" and "Carbon footprint and other atmospheric emissions") as 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.

In 2024, Aciturri achieved all of its target indicators, ensuring it maintains its sustainable financing rating.

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