Skip BreadcrumbHome / Sustainability / Millennium bcp and NOS launch commercial paper program linked to sustainability performance

Millennium bcp and NOS launch commercial paper program linked to sustainability performance


Millennium bcp e NOS contratam programa de papel comercial ligado ao desempenho de sustentabilidade

Millennium bcp and Portuguese telecommunications company NOS have contracted a Commercial Paper Program in the amount of 90 million euros and with a term of 5 years, with financial conditions that reflect the Environmental, Social and Governance (ESG) rating attributed by the Carbon Disclosure Project (CDP) to NOS.

At Millennium bcp, improving sustainability is an essential  aspect of our strategy, and we believe the bank can play a relevant role in this transformation, through our relationships with its customers and through our ability to promote and support initiatives that make business activity more sustainable.

In this context, the operation agreed with NOS, which is the first in the Sustainability-Linked segment carried out by Millennium bcp, arises in a natural and symbiotic way between two companies strongly committed to sustainable finance and the climate transition process.

Currently, NOS is included in the “Leadership band,” the maximum level of assessment on the scale used by the CDP, with a rating of A-, above the average for European companies as well as the average for the sector. During the term of this Commercial Paper Program, NOS will benefit from more favorable pricing conditions if it manages to improve its rating.