Represents BNP Paribas and Citibank in financing initiatives linked to sustainability on our platform
Brazil's Largest Aluminum Producer Secures Sustainable Pre-Export Finance Facility
Companhia Brasileira de Alumínio (CBA), Brazil's largest aluminum producer, has successfully closed a sustainability-linked pre-export finance facility on July 31, 2025. The facility, worth $50 million USD and €44 million EUR, is a significant step towards CBA's commitment to reducing its carbon footprint and promoting sustainable practices.
The cross-border transaction was facilitated by BNP Paribas and Citibank, N.A., with legal advice from Norton Rose Fulbright. José Cobeña, along with Dan Spencer, Juliana Souza (São Paulo), Arturo Sferruzza, and Giulio Mariano (Milan), led the team that coordinated across the Brazilian, Italian, UK, and U.S. legal frameworks to align export financing with sustainability requirements.
The facility is guaranteed by SACE, the Italian insurance and finance group controlled by the Ministry of Economy and Finance, through its Push Strategy program. This program supports Italian exports and guarantees loans to international counterparts who commit to increasing their purchase of goods and services from Italy.
The sustainability-linked facility includes a carbon footprint key performance indicator (KPI) and sustainability performance targets connected to greenhouse gas emissions reduction. For CBA, this aligns with its Sustainability-Linked Financing Framework targeting reductions in Scope 1, 2, and 3 emissions. The structure links capital access directly to measurable ESG outcomes, in line with the Sustainability-Linked Loan Principles.
The proceeds from the transaction will be used for prefinancing current and future exports of aluminum and related products, as well as other commodities. This facility will enhance trade with Italian suppliers for aluminum production inputs, furthering CBA's commitment to sustainability and responsible business practices.
CBA, with a public sustainability strategy, is the recipient of this innovative finance facility. The company's focus on reducing emissions and promoting sustainable practices sets a strong example for other businesses in the aluminum industry.
In summary, CBA has secured a significant sustainability-linked pre-export finance facility, marking a milestone in the company's journey towards a more sustainable future. The facility's emphasis on carbon footprint reduction and sustainability performance targets will help CBA achieve its goals while fostering trade with Italian suppliers.
- The sustainability-linked pre-export finance facility, worth $50 million USD and €44 million EUR, is connected to environmental-science targets, specifically addressing climate-change through a carbon footprint key performance indicator (KPI) and emissions reduction goals.
- CBA's commitment to reducing its carbon footprint and promoting sustainable practices in the industry is evident in the sustainability-linked financing framework it has established, targeting reductions in Scope 1, 2, and 3 emissions.
- The finance facility, secured by CBA, is a business move that aligns with financial investments, as it links capital access directly to measurable Environmental, Social, and Governance (ESG) outcomes, adhering to the Sustainability-Linked Loan Principles.
