Boliden publishes Sustainability-Linked Finance Framework

Rhea-AI Summary

Boliden has released a Sustainability-Linked Finance Framework to support its vision of becoming the most climate-friendly and respected metal provider globally. The framework will facilitate the issuance of Sustainability-Linked Bonds and incorporates climate targets validated by the Science Based Targets initiative (SBTi).

The company aims to reduce GHG emissions by 42% for Scope 1 and 2, and 30% for Scope 3 by 2030, using 2021 as the base year. Danske Bank served as the structuring advisor, while Sustainalytics provided an independent second-party opinion, rating the Key Performance Indicators as 'Very Strong' and the Sustainability Performance Targets as 'Ambitious' and 'Highly Ambitious'.

STOCKHOLM, Dec. 20, 2024 /PRNewswire/ -- To support Boliden's vision to be the most climate-friendly and respected metal provider in the world, the company has published a Sustainability-Linked Finance Framework to facilitate the issuance of Sustainability-Linked Bonds.

The Sustainability-Linked Finance Framework incorporates Boliden's climate targets, which have been validated by the Science Based Targets initiative (SBTi). These targets include reducing GHG-emissions by 42% for Scope 1 and 2, and by 30% for Scope 3 by 2030, using 2021 as the base year. Boliden's climate footprint is globally very competitive, and there is a strong focus to continue reducing emissions in line with targets and vision.

Danske Bank acted as the structuring advisor on the establishment of the Sustainability-Linked Finance Framework and Sustainalytics were engaged to provide an independent second-party opinion on design and ambition level. Sustainalytics has assessed the Key Performance Indicators as `Very Strong' and the Sustainability Performance Targets as `Ambitious' and `Highly Ambitious. The Sustainability-Linked Finance Framework, as well as the second party opinion, are available on Boliden's website:
 https://investors.boliden.com/en/investor-relations/debt-information/sustainable-financing

For further information, please contact:
Klas Nilsson
Director Group Communications
+46 (0)70-453 65 88
klas.nilsson@boliden.com 

 

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SOURCE Boliden

FAQ

What are Boliden's (BDNNY) specific emission reduction targets for 2030?

Boliden aims to reduce GHG emissions by 42% for Scope 1 and 2, and 30% for Scope 3 by 2030, using 2021 as the base year.

How did Sustainalytics rate Boliden's (BDNNY) sustainability targets in December 2023?

Sustainalytics rated Boliden's Key Performance Indicators as 'Very Strong' and the Sustainability Performance Targets as 'Ambitious' and 'Highly Ambitious'.

What is the purpose of Boliden's (BDNNY) new Sustainability-Linked Finance Framework?

The framework is designed to facilitate the issuance of Sustainability-Linked Bonds and support Boliden's vision to become the most climate-friendly and respected metal provider globally.

Which organizations validated Boliden's (BDNNY) climate targets?

Boliden's climate targets have been validated by the Science Based Targets initiative (SBTi).

Who served as the structuring advisor for Boliden's (BDNNY) Sustainability-Linked Finance Framework?

Danske Bank acted as the structuring advisor for the establishment of the Sustainability-Linked Finance Framework.