For the Provence-Alpes-Côte d’Azur Region, as with other territorial communities, it is becoming increasingly difficult to raise loans because banks are lending less and at higher rates, which makes loans more costly in terms of repayment.
BMJ Ratings agency has just conducted an audit of our Region’s actions in sustainable development and achieved a rating of A+.
Patrick ALLEMAND, 1st Vice-President of the Region, is pleased with this result.
“This rating will allow us to obtain better rates and will enable us to enter the Socially Responsible Investment (SRI) bond market, a particular market where the Region could attract structures that wish to apply sustainable development values to their investments.”
Various sustainable development criteria were considered, on which the Region performed well, such as the environment (74/100), economic and territorial development, and social cohesion (77/100), and finally the mode of governance (63/100). The necessary clarification of the Agenda 21 organizational chart still needs improvement, the agency specified.
