Boliden updates Green Finance Framework
Boliden (BDNNY) has updated its Green Finance Framework, initially launched in May 2022, reflecting its enhanced climate commitments. The company has achieved a significant milestone by having its climate targets validated by the Science Based Targets initiative (SBTi). The framework update includes a roadmap to 2030 focusing on electrification, renewable energy transition, and process improvements.
Key changes include adopting the International Capital Market Association's (ICMA) Green Bond Principles for mapping eligible projects, with emphasis on energy efficiency projects, particularly refinancing the zinc smelter Odda expansion for Low Carbon Zinc production. The framework now features expanded categories for pollution prevention and waste management, plus a new renewable energy production category. S&P Global has reviewed the updated framework and maintained its 'Medium Green' rating.
Boliden (BDNNY) ha aggiornato il suo Green Finance Framework, lanciato inizialmente nel maggio 2022, per riflettere i suoi maggiori impegni climatici. L'azienda ha raggiunto un traguardo importante con la convalida dei suoi obiettivi climatici da parte della Science Based Targets initiative (SBTi). L'aggiornamento del framework include una tabella di marcia fino al 2030, focalizzata sull'elettrificazione, la transizione verso energie rinnovabili e il miglioramento dei processi.
Le modifiche principali comprendono l'adozione dei Green Bond Principles dell'International Capital Market Association (ICMA) per la selezione dei progetti ammissibili, con particolare attenzione ai progetti di efficienza energetica, in particolare il rifinanziamento dell'espansione dello stabilimento di fusione dello zinco a Odda per la produzione di zinco a basse emissioni di carbonio. Il framework ora include categorie ampliate per la prevenzione dell'inquinamento e la gestione dei rifiuti, oltre a una nuova categoria per la produzione di energia rinnovabile. S&P Global ha revisionato il framework aggiornato confermandone la valutazione 'Medium Green'.
Boliden (BDNNY) ha actualizado su Green Finance Framework, lanzado inicialmente en mayo de 2022, reflejando sus mayores compromisos climáticos. La compañía ha alcanzado un hito significativo al lograr que sus objetivos climáticos sean validados por la Science Based Targets initiative (SBTi). La actualización del marco incluye una hoja de ruta hasta 2030 centrada en la electrificación, la transición a energías renovables y la mejora de procesos.
Los cambios clave incluyen la adopción de los Principios de Bonos Verdes de la International Capital Market Association (ICMA) para la selección de proyectos elegibles, con énfasis en proyectos de eficiencia energética, especialmente el refinanciamiento de la expansión de la fundición de zinc Odda para la producción de zinc bajo en carbono. El marco ahora presenta categorías ampliadas para la prevención de la contaminación y la gestión de residuos, además de una nueva categoría para la producción de energía renovable. S&P Global ha revisado el marco actualizado y mantuvo su calificación 'Medium Green'.
Boliden (BDNNY)은 2022년 5월 처음 발표한 그린 파이낸스 프레임워크를 업데이트하여 강화된 기후 목표를 반영했습니다. 회사는 Science Based Targets initiative (SBTi)로부터 기후 목표 검증을 받는 중요한 성과를 달성했습니다. 이번 프레임워크 업데이트에는 전기화, 재생에너지 전환, 공정 개선에 중점을 둔 2030년까지의 로드맵이 포함되어 있습니다.
주요 변경 사항으로는 적격 프로젝트 매핑을 위해 국제자본시장협회(ICMA)의 그린본드 원칙을 채택했으며, 특히 저탄소 아연 생산을 위한 오다 아연 제련소 확장 재융자 등 에너지 효율 프로젝트에 중점을 두고 있습니다. 프레임워크에는 오염 방지 및 폐기물 관리 범주가 확대되었고, 새로운 재생에너지 생산 범주도 추가되었습니다. S&P Global은 업데이트된 프레임워크를 검토하고 'Medium Green' 등급을 유지했습니다.
Boliden (BDNNY) a mis à jour son Green Finance Framework, initialement lancé en mai 2022, pour refléter ses engagements climatiques renforcés. L'entreprise a franchi une étape importante en faisant valider ses objectifs climatiques par la Science Based Targets initiative (SBTi). La mise à jour du cadre comprend une feuille de route jusqu’en 2030 axée sur l’électrification, la transition vers les énergies renouvelables et l’amélioration des processus.
Les changements clés incluent l’adoption des Green Bond Principles de l’International Capital Market Association (ICMA) pour la sélection des projets éligibles, avec un accent particulier sur les projets d’efficacité énergétique, notamment le refinancement de l’expansion de la fonderie de zinc d’Odda pour la production de zinc à faible émission de carbone. Le cadre comprend désormais des catégories élargies pour la prévention de la pollution et la gestion des déchets, ainsi qu’une nouvelle catégorie pour la production d’énergie renouvelable. S&P Global a examiné le cadre mis à jour et a maintenu sa notation « Medium Green ».
Boliden (BDNNY) hat seinen Green Finance Framework, der ursprünglich im Mai 2022 eingeführt wurde, überarbeitet, um seine erweiterten Klimaverpflichtungen widerzuspiegeln. Das Unternehmen hat einen bedeutenden Meilenstein erreicht, indem seine Klimaziele von der Science Based Targets initiative (SBTi) validiert wurden. Das aktualisierte Framework enthält eine Roadmap bis 2030 mit Fokus auf Elektrifizierung, den Übergang zu erneuerbaren Energien und Prozessverbesserungen.
Wesentliche Änderungen umfassen die Übernahme der Green Bond Principles der International Capital Market Association (ICMA) zur Zuordnung förderfähiger Projekte, mit Schwerpunkt auf Energieeffizienzprojekten, insbesondere der Refinanzierung der Erweiterung der Zinkhütte Odda zur Produktion von kohlenstoffarmem Zink. Das Framework enthält nun erweiterte Kategorien für Umweltverschmutzungsprävention und Abfallmanagement sowie eine neue Kategorie für die Erzeugung erneuerbarer Energien. S&P Global hat das aktualisierte Framework überprüft und die Bewertung 'Medium Green' beibehalten.
- Achieved SBTi validation for climate targets, demonstrating credible commitment to sustainability
- Framework includes concrete plans for expanding Low Carbon Zinc production through Odda smelter expansion
- Addition of new renewable energy production category shows diversification of green initiatives
- Maintained 'Medium Green' rating from S&P Global, validating framework's environmental credibility
- None.
With this updated Framework Boliden aims to raise funds from investors to support green investment projects that enable Boliden to achieve its vision to become the most climate friendly and respected metal provider in the world.
Key updates in this Framework version include:
- The International Capital Market Association's (ICMA) Green Bond Principles (GBP) categories now serve as the starting point for mapping eligible Green Projects. Furthermore, eligible Green Projects are grouped and mapped to the single most core ICMA GBP category (instead of several).
That is:
- 'Energy efficiency' is deemed core as it reflects the main activities to achieve Boliden's climate targets by 2030 - main area going forward is expected to be refinancing of the expansion investment in the zinc smelter Odda where production of Low Carbon Zinc is set to increase.
- Former category for 'Pollution prevention & control' has been broadened and clarified and thus include two-categories; i) pollution prevention; ii) waste management.
- A new category for renewable energy production has been added.
Swedbank acted as the Sustainability Coordinator on the Framework update and S&P Global were engaged to provide an independent second-party opinion. S&P Global has assessed the updated Framework and reconfirms 'Medium Green' shading.
For further information, please contact:
Klas Nilsson
Director Group Communications
+46 70 453 65 88
Klas.Nilsson@boliden.com
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SOURCE Boliden
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