Introducing Boliden's Sustainability-Linked Finance Framework
In a significant step towards sustainability, Boliden has launched a groundbreaking Sustainability-Linked Finance Framework. This initiative aligns with Boliden's vision to be recognized as the leading climate-friendly metal provider globally, ensuring their practices not only promote financial stability but also contribute positively to the environment.
Commitment to Climate Goals
The newly established framework is founded on Boliden's ambitious climate targets, which are meticulously designed to meet international standards. These targets have received validation from the Science Based Targets initiative (SBTi), underscoring their credibility and relevance. Key goals include a 42% reduction in greenhouse gas emissions for Scope 1 and 2, and a 30% reduction for Scope 3 emissions by 2030, with 2021 as the baseline year.
Reducing Emissions and Enhancing Sustainability
Boliden has set a competitive benchmark for its climate footprint globally, illustrating a strong commitment to lowering emissions. The company's continuous efforts are in line with their overarching targets and principles, harnessing innovative practices to achieve these goals effectively.
Strategic Collaboration and Evaluation
To develop this framework, Boliden partnered with Danske Bank, acting as the structuring advisor, and engaged Sustainalytics for an independent second-party opinion regarding the design and ambition of the framework. This collaboration has resulted in a comprehensive assessment of the framework's Key Performance Indicators, which were rated as 'Very Strong,' while the Sustainability Performance Targets were classified as both 'Ambitious' and 'Highly Ambitious.'
Accessibility of the Framework and Reports
Interested parties can access the full Sustainability-Linked Finance Framework and Sustainalytics' independent opinion on Boliden's official website. This move enhances transparency and allows stakeholders to understand Boliden's strategies and commitments towards sustainable financing comprehensively.
Contact Information for Further Inquiries
For more insights or further information regarding the Sustainability-Linked Finance Framework, please reach out to Klas Nilsson, the Director of Group Communications. He is available via phone and email to address any questions or provide additional details.
Importance of Sustainability in the Metal Industry
The metal industry plays an integral role in the global economy, and Boliden's focus on sustainable practices sets a precedent for others in the sector. By adopting sustainable finance frameworks, companies can contribute to environmental efforts while ensuring economic viability.
Frequently Asked Questions
What is the Sustainability-Linked Finance Framework?
It is a framework published by Boliden to guide the issuance of Sustainability-Linked Bonds to support their climate goals.
Why did Boliden establish this framework?
To facilitate funding that aligns with their commitment to sustainability and climate-friendly practices.
What are the main climate targets set by Boliden?
Boliden aims to reduce GHG emissions by 42% for Scope 1 and 2, and by 30% for Scope 3 by 2030.
Who provided an independent opinion on the framework?
Sustainalytics was engaged to offer an independent second-party opinion regarding the framework’s design and ambition level.
How can stakeholders access Boliden's framework?
The framework and relevant reports are available on Boliden's official website for public access.
