Davivienda provides first sustainable loan to Colombian cement company

Colombia-based Banco Davivienda issued its first sustainable credit for a total of 186 billion pesos to Empresa Colombiana de Cementos and its brand Alión, which allows for reduced interest rates based on sustainability performance indicators. This move aims to enhance sustainable practices among corporate clients and marks a significant step in responsible financing strategy. Alión committed to specific sustainability goals like carbon emissions reduction and waste valorization for alternative fuel use.