Manufacturing Technology
Boliden Incorporates Validated Climate Goals In Sustainability Linked Credit Facilities Agreement
Share
STOCKHOLM, May 2, 2024 /PRNewswire/ -- Boliden, as one of the first mining and metals companies in the world, has incorporated and linked climate goals validated by Science Based Targets initiative (SBTi) into an existing revolving credit facilities agreement (RCF). The RCF totals EUR 850 m and now includes Sustainability Performance Targets aligned with Boliden's climate goals, being emission reductions corresponding to 42 percent (Scope 1 and 2) as well as emission reductions of 30 percent (Scope 3) by 2030, base year 2021.
"Base metals are needed for Europe's transition towards climate-friendly societies. As a provider of these metals, it is essential to remain competitive, while at the same time improve sustainability performance in line with our strategy. To support Boliden's vision to be the most climate friendly and respected metal provider in the world, we are now pleased to continue on this journey by linking our performance on our sustainability targets to the interest rate of our revolving credit facilities agreement." says Håkan Gabrielsson, Chief Financial Officer, Boliden.
Compared to the average within the world's base metal production, Boliden's CO2e footprint is very competetive. It is, however, of significance to continue to reduce absolute CO2e emissions as well as the CO2e intensity in alignment with our targets and our vision.
Skandinaviska Enskilda Banken AB (publ) acted as the sustainability coordinator to support Boliden in the structuring of the Sustainability Performance Targets.
For further information, please contact:
Klas Nilsson
Director Group Communications
+46 70 453 65 88
klas.nilsson@boliden.com
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
|
Press release |
View original content:https://www.prnewswire.com/news-releases/boliden-incorporates-validated-climate-goals-in-sustainability-linked-credit-facilities-agreement-302134118.html
SOURCE Boliden
First published on Thu, May 2, 2024
Enjoyed what you read? Great news – there’s a lot more to explore!
Dive into our content repository of the latest tech news, a diverse range of articles spanning introductory guides, product reviews, trends and more, along with engaging interviews, up-to-date AI blogs and hilarious tech memes!
Also explore our collection of branded insights via informative white papers, enlightening case studies, in-depth reports, educational videos and exciting events and webinars from leading global brands.
Head to the TechDogs homepage to Know Your World of technology today!
Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs' members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs' Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. While we aim to provide valuable and helpful information, some content on TechDogs' site may not have been thoroughly reviewed for every detail or aspect. We encourage users to verify any information independently where necessary.
Trending PR Newswire
Arctiq Acquires Shadow-Soft To Expand Observability And Automation Expertise
Compal Introduces High-Density NVIDIA HGX Rubin NVL8 Integrated Solution At GTC 2026
Niche Launches College Financial Aid Comparison Tool To Help Families Decode And Compare Offers
Shoplazza Adopts Agentic Commerce Architecture To Power AI-Driven E-Commerce Operations
Tata Communications Receives Frost & Sullivan's 2025 Global Company Of The Year Recognition For Leadership In Video-Managed Services
Join Our Newsletter
Get weekly news, engaging articles, and career tips-all free!
By subscribing to our newsletter, you're cool with our terms and conditions and agree to our Privacy Policy.
Join The Discussion