The BMCI has concluded two major agreements during the Sustainable Finance Forum, which began this Tuesday morning. These agreements aim to strengthen its commitment to sustainable finance and corporate social responsibility (CSR).
A partnership with the EBRD for green financing
The first agreement, signed with the European Bank for Reconstruction and Development (EBRD), concerns a new line of financing aimed at supporting companies in their investments in sustainable equipment.
This initiative is part of the GEFF program (Green Economy Financing Facility), developed by the EBRD with the support of the European Union and the Green Climate Fund (GCF). This program aims to encourage the transition to a green economy by financing projects in various areas such as energy efficiency, renewable energy, water conservation, waste reduction, circular economy, and the construction of green buildings.
The BMCI, already a beneficiary of the GEFF I and GEFF II lines (respectively 20 and 25 million euros), has become the first Moroccan bank to access the GEFF III line, with an amount of 35 million euros, supplemented by a MID GEFF line.
CSR evaluation with EcoVadis
The second agreement was concluded with EcoVadis, a global leader in non-financial rating. This partnership will allow the BMCI to support its clients in assessing their CSR performance.
Through its platform, EcoVadis helps companies manage risks related to environmental, social, and governance (ESG) criteria, ensure compliance, and achieve their sustainability goals. Already a partner of the BNP Paribas Group, EcoVadis offers tailored solutions for all sectors to improve the social and environmental impact of companies.
Strengthening the BMCI commitment
These two partnerships demonstrate the BMCI’s commitment to sustainable finance and supporting Moroccan companies in their ecological and social transition. They also position the bank as a key player in promoting CSR practices and green investments in Morocco.