VINCI Airports paves the way for sustainable growth
The world’s leading private airport operator, VINCI Airports has finalised financial arrangements for the acquisition of seven airports in Cabo Verde. This cements the operator’s international network, now spanning 72 airports in 13 countries.
With Cabo Verde welcoming 2.2 million passengers in 2022, only an estimated 80 per cent of the total in 2019, the airport operator plans to scale up the country’s tourism potential. Nicolas Notebaert, CEO of VINCI Concessions and President of VINCI Airports, said:
“We are proud of the confidence placed in us by the Cape Verdean government, which has entrusted VINCI Airports with the responsibility of supporting the country’s growth in tourism while ensuring the environmental transformation of airports. We warmly welcome our new colleagues to the network and look forward to getting to work”.
The €60 million in financing under the Sustainability-Linked Financing (SLF) Framework, comes from three development banks: World Bank-IFC, Proparco (France) and DEG (Germany). To secure certification, two sustainability targets were set. One involving a progressive reduction in CO2 emissions, the other involving the Airport Carbon Accreditation programme, making it the first time IFC, Proparco, and DEG have financed airports through a SLF.
VINCI Airports was the first airport operator to commit to an international environmental strategy in 2016, working to achieve the goal of net zero emissions across its entire network by 2050. The operator has strived to decarbonise the sector, pioneering a range of innovative initiatives across its expansive network. This includes partnering with the Rhône Chamber of Agriculture to launch the first local agricultural project, a “field crops” low-carbon label to develop local greenhouse gas reduction. Additionally, overseeing the Clermont-Ferrand Auvergne airport become the first airport to have a 100 per cent electric de-icer for aircraft.
The operator has already announced plans to roll out an environmental action plan including development of renewable energy production in Cabo Verde.
For more on sustainability see:
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- Christchurch and Hamburg airports’ partnership. 18,500km apart but side-by-side tackling climate change
- Copenhagen Airports: Architects of the Future Airport