Climate change and Environment and sustainability / /
Green bonds, an opportunity for fostering sustainable tourism
Partners from Garrigues met with Meliá and Azora executives to discuss the role green bonds can play in the tourism industry, in the latest Garrigues Sustainable Dialogs encounter.
Sustainable financing is now, and will continue to be, one of the leading ways to fund and invest in the real estate, tourism and hotel sectors.
José Manuel Cardona, Garrigues partner in charge of the tourism and hotel industry group, and Gaspar Atienza, partner with the firm’s Corporate/Commercial Law Department, met with Juan de la Hera, Meliá Hotels International’s Corporate Finance Director, and Antonio López Bodas, Chief Financial Officer at Azora, to analyze the role of green bonds in the tourism industry and the expected trends beginning in 2023.
As part of this new Garrigues Sustainable Dialogs encounter, which took place on October 27, 2022, participants discussed regulations governing green financing and, in particular, how it affects the tourism industry. They also looked at the different green lending models available to tourism industry companies, and examined the challenge that all this means depending on whether a company is an SME or a large undertaking.