Portuguese glass packaging manufacturer BA Glass has signed a €25 million sustainable commercial paper programme with Bankinter Portugal, reinforcing its long-term commitment to environmental responsibility and sustainable finance.

The financing programme is designed to support BA Glass’s climate transition strategy while strengthening its environmental, social and governance (ESG) performance. As part of the agreement, the company has committed to achieving two independently validated key performance indicators (KPIs): improving water efficiency and reducing greenhouse gas emissions across its operations.

The sustainable financing framework received an independent second-party opinion confirming that the programme meets recognised sustainability standards. The agreed targets are aligned with key priorities of the glass manufacturing industry and reflect international best practices for sustainability-linked financing.

BA Glass aims to achieve these measurable objectives by 2029, focusing on progressively lowering water consumption and reducing its overall carbon footprint throughout its manufacturing processes.

Pedro McCarthy, Chief Financial Officer of BA Glass Group, noted that more than 90% of the company’s financing is already linked to ESG criteria, adding that the new programme represents another step toward ensuring all future funding follows sustainable financing principles.

The initiative also supports the United Nations Sustainable Development Goals (SDGs), particularly SDG 12: Responsible Consumption and Production and SDG 13: Climate Action. Bankinter Portugal stated that the agreement reflects its strategy of supporting companies investing in sustainable growth and accelerating the transition to a low-carbon economy.