Sustainability at the core of our funding strategy
Recognizing the role of sustainable finance in supporting the transition to a low-carbon and more resource efficient economy, Holcim has put in place a sustainable finance framework to link funding activities with its sustainability objectives and to issue green instruments dedicated to green eligible projects, aligned with the EU Taxonomy.
The framework is also aligned with the sustainability-linked bond principles and green bonds principles, which are published by the International Capital Markets Association (ICMA) as well as with the United Nations Sustainable Development Goals (“SDGs”) number 6 “Clean Water and Sanitation”, 7 “Affordable and Clean Energy”, 9 “Industry, Innovation and Infrastructure”, 11 “Sustainable Cities and Communities”, 12 “Responsible Consumption and Production”, 13 “Climate Action” and 15 “Life on Land”.
It will further support transparency and accountability with regards to the group environmental impacts and sustainability strategy vis-à-vis investors, banks and other stakeholders in the market and society. By combining green and sustainability-linked features into a single document, Holcim will holistically demonstrate its ambition on environmental performance through quantifiable metrics, while also highlighting the key projects that support the continuous improvement on those metrics.
Holcim intends to pursue its journey with sustainable finance instruments in the capital, money and loan markets, putting core sustainability indicators such as climate, water, renewable energy, circular economy, biodiversity at the heart of its financing strategy. To make a bigger impact, the company is committed to reaching more than 40% of sustainable financing by the end of 2025. At the end of 2022, the sustainable financing ratio stands at 38.3%.
In addition, Holcim is honoured to have joined the CFO Coalition launched by the UN Global Compact to accelerate corporate finance actions and investments toward the realization of the SDGs.