To fund ongoing decarbonization efforts, Heidelberg Materials introduced a new Green Finance Framework, which is aligned with the most recent best market practices and standards.
The company intends to issue Green Bonds to finance and/or refinance assets and capital expenditure associated with economic activities that meet or will meet the eligibility criteria defined in the Green Finance Framework. This will complement the sustainable finance portfolio contributing to reach Heidelberg’s target to increase the share of sustainable financial instruments to over 70% by 2025.
“With the Green Finance Framework, we have set another cornerstone to cover our funding needs for the years to come,” said Heidelberg Materials Chief Financial Officer René Aldach. “The framework reflects the continued confidence in our strong cashflow generation and enables us to fund sustainable projects and further decarbonize our business. The new framework underlines our position as front runner of decarbonization in our industry.”
Heidelberg Materials’ Green Finance Framework is based on the latest version of the International Capital Market Association’s Green Bond Principles and the Loan Market Association’s Green Loan Principles.
