through active manage-ment allows value to be created over the entire life cycle. We take a long-term view as soon as we begin to develop a project, and we make decisions that take into account the impact on value creation through-out the asset’s useful life. It’s a virtuous cir-cle. By including more assets, we create oper-ational synergies, we stimulate benchmarking between projects. This lowers costs, improves profitability and fur-ther limits risk on new projects. Moreover, by reducing risk over time, options arise to recycle capital at lower discount rates, creating signifi-cant value for the group. Are you, like the rest of ACCIONA, pursuing sustainability and regeneration? The nature of our business means we need to reduce our environmental footprint and increase social benefit over the years, continuing to seek a positive, regenerative approach wherever we work. We fully embrace the Planet Positive and People Centric criteria of our Sustainability Master Plan, we include the EU’s sustainable finance taxonomy criteria when choosing and developing projects, we structure them planning for that future impact and we always look for financing linked to sus-tainability, an area in which ACCIONA is not just a pioneer but is creat-ing a new market. For the Fargo flood diversion canal, for instance, we closed the first green financing deal in the USA specifically for infra-structure that mitigates the effects of climate change. For Line 6 in