To further support the development in the area of sustainability towards current targets, a Green Finance Framework has been launched that enables the issuance of green bonds and loans.
Financing under the framework will be earmarked for projects and investments within energy efficiency, pollution prevention and control, research and development and clean transportation. Examples of important projects that could be financed under the framework include energy and heat recovery, process and mine electrification, water purification, waste reduction and extraction of metal from residual and recycled materials.
“The metals we produce are essential for both present and future generations. Sustainable financing is an important part of Boliden’s strategy and the Green Finance Framework provides investors transparency on how they are contributing to our vision to be the most climate friendly and respected metal provider in the world,” said Mikael Staffas, President and CEO of Boliden.
The framework has undergone an independent external review by CICERO Shades of Green, who have classified the framework as ‘CICERO Medium green’ with an ‘Excellent’ governance score and assessed it to be in alignment with the International Capital Market Association Green Bond Principles and the Loan Market Association Green Loan Principles. DNB acted as advisor in the development of the framework.