Santiago, Chile, 30 September 2022. The International Finance Corporation (IFC), part of the World Bank Group, will grant the first sustainability-related loan to a company of the logistic services area in Chile. The financing of USD 70 million for AGUNSA, leader in the global transport of goods, with operations in 20 countries of Latin America and the Caribbean, Europe and Asia, is associated to the fulfilment of goals related to the reduction of water consumption and gender equality.
The purpose of this pioneering investment, with a long-term structure, is to provide financial certainty to an actor that has consolidated its local position and its international diversification and expansion. In the process, it anticipates contributing to a greater development of the logistics area in Latin America and the Caribbean, an important motor of the economic growth in the region.
David Tinel, IFC’s regional manager in the Southern Cone stated that, in a context of economic deceleration and stricter financial conditions in Chile, this investment in AGUNSA, an actor that is committed to innovation and technology, aims at increasing productivity and competitiveness in the region by way of the promotion of commerce and economic integration. He also highlighted the company’s sustainability strategy and its replicability in the area in which it operates.
AGUNSA’s CEO, Fernando Rodríguez, said that they are proud to be the first company in the Chilean logistics industry to achieve a sustainability-related credit, with concrete environmental and diversity commitments. This agreement is the result of the permanent and transversal work of all the organization, being part of AGUNSA’s business strategy. He added that linking this funding to sustainable goals contributes value and it reinforces their commitment in the areas where they operate.
Felipe Valencia, AGUNSA’s Finance manager, highlighted that this project reinforces their performance based on financial robustness and an efficient business model, with credit lines with competitive conditions. The agreement allows them to provide high standard services, in line with the best practices for financial tools and with a trend that will be an industry requirement in the following years.
AGUNSA’s commitment considers the fulfilment of specific goals related to the Sustainable Development Goals (SDGs) of the United Nations. Specifically, regarding SGS 6 (Clean water and sanitation) and SDG 12 (Sustainable production and consumption), the company is stimulated to achieve a fresh water consumption reduction in its premises by 2025; also, regarding SDG 5 (Gender equality), the company commits to continue making a headway to gender equality and leveraging the role of women in high executive positions.
Additionally, AGUNSA will continue developing their corporate sustainability policies, plans and programs, adopting IFC’s Performance Standards as its own standard. This will allow them to continue carrying out their business in a sustainable manner and confirms their commitment to this matter worldwide.
About IFC
The International Finance Corporation (IFC), entity that is part of the World Bank Group, is the main international development institution dedicated to the private area in the emerging markets. It works in more than 100 countries and uses its capital, its specialized knowledge and its influence to create markets and opportunities in developing countries. In the 2022 financial year, IFC committed a record figure of USD 32 800 million for private companies and financial institutions in developing countries, with which it aims at taking advantage of the private area capacity to help to end extreme poverty and to promote the shared prosperity at a time that the economies address the impact of the simultaneous worldwide crisis. To obtain information, visit www.ifc.org.
About AGUNSA
AGUNSA is a Chilean multinational company, leader in agency services as well as land, sea, port and air logistics. The broadness of its services makes the company an integral logistics platform with presence in more than 20 countries, located in America, Europe and Asia. It has a renown trajectory of more than 62 years, a team of 5,000 collaborators and a projected annual income of USD 800 million. To obtain information, visit www.agunsa.com
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