Posted May 31st, 2021 for SSAB SSAB has completed a framework that will provide an opportunity to issue sustainability-linked bonds. The framework complies with Sustainability-Linked Bond Principles and will strengthen SSAB’s position on the capital markets. Sustainability-Linked Bond Principles (SLBP) is a voluntary framework that provides guidelines for how forward-looking sustainability goals can be integrated into bonds. ICMA – International Capital Markets Association is behind the guidelines, which were launched in 2020. By integrating sustainability goals, a company undertakes to make investments that result in a more sustainable business. “The framework will give us better terms to finance our transition and also provide us with a direct link to reaching our sustainability goals. It will make it clearer for our investors to see how they are supporting our strategy, which will deliver a significant reduction in carbon dioxide emissions,”
Eni publishes the world’s first Sustainability-Linked Financing Framework in its sector
20 May 2021
Sustainability-Linked Financing Framework in its sector, which fully-integrates sustainability in the company’s funding strategy.
With this document Eni further strengths its sustainability strategy, aimed at achieving complete carbon neutrality by 2050 and at contributing to the achievement of the
United Nations Sustainable Development Goals ( UN SDGs ). The Framework lays out the guidelines that Eni will follow in issuing new sustainable financing instruments and that will be applied to various financial solutions, including bonds (in public and private format), bank loans (term loans and credit lines) and hedging derivativitaes.
Verallia Successfully Priced Its Inaugural Sustainability-linked Bond
Regulatory News:
Verallia (Paris:VRLA) announced today that it successfully priced its inaugural Sustainability-Linked Bond in an aggregate amount of €500 million with a 7-year maturity with a coupon of 1.625%. As the very first issuer of a Sustainability-linked Bond in the Glass packaging industry in Europe, Verallia is confirming its sustainability leadership in the sector.
Michel Giannuzzi, Chairman and Chief Executive Officer: We are proud to be the first in our industry to launch a sustainability-linked bond in Europe. This issuance is fully aligned with the Group s ESG strategy released in January 2021. The order book of close to EUR 2 billion demonstrates the confidence of investors in the Company s financial strength, strategy and ability to deliver on its sustainability targets.
26th March, 2021 Imerys is a global supplier of industry mineral-based specialty products headquartered in Paris, France. The company has strong corporate sustainability management, including the use of Science Based Targets (SBTs). Imerys is exposed to both transition and physical climate risks. The company has mining and processing sites in all regions and is as such exposed to a range of near-term natural hazard risks and chronic climate change risks. The company is aware of risks and has taken steps to address these. For example, an interdisciplinary climate change working group was established in 2020 which will assess climate change related risks and opportunities using scenario analysis. The company has integrated climate risk and sustainability considerations into the operations of business areas, investments, and M&A activities, and has started comprehensive sustainability assessments of their products. CICERO Green is encouraged that Im
IFLR Europe Awards 2021: winners announced
IFLR is delighted to announce all the winning deals, teams and individuals of its 22nd annual Europe Awards April 29 2021
IFLR is delighted to be able to congratulate all the winners of the IFLR Europe Awards 2021. The winners’ presentation can be accessed below, followed by the full list of all winners and reviews of the winning deals.
Allen & Overy picked up this year’s biggest accolade and was named International Law Firm of the Year. The firm scooped 11 award wins across the board, including Loans Team of the Year and Restructuring Team of the Year. These reflected its work on the winning Loan Deal of the Year, the reference-free-rate financing facility for UK retailer Tesco, and Restructuring Deal of the Year, for Virgin Atlantic.