Carmeuse has unveiled its plans to transform its long-term loans portfolio, aligning it with the company's ambitious sustainability goals. The move involves converting its main bank financing facilities into sustainability linked loans. These new loans will incorporate three Carmeuse's specific Environmental, Social, and Governance (ESG) Key Performance Indicators (KPIs) to foster sustainable practices across the company.
By linking financing to measurable ESG KPIs, the company will be incentivized to make continuous progress in key sustainability areas. These KPIs will serve as measurable targets to incentivize and monitor Carmeuse's progress in key sustainability areas.
The adoption of sustainability linked loans also underscores Carmeuse's commitment to transparency and accountability. As the company progresses towards its sustainability goals, it will be able to report on its achievements and demonstrate its commitment to sustainable practices to stakeholders, including investors, customers, and employees.
"We firmly believe that sustainability and finance are intrinsically linked and must go hand in hand to achieve our vision of a more sustainable future. By aligning our financing with our sustainability goals, we are not only demonstrating our commitment to responsible business practices but also ensuring that our financial decisions are consistent with our long-term vision for Carmeuse. This integration of sustainability into our financial strategy allows us to drive positive change, mitigate risks, and create value for both our stakeholders and the environment." – Barbara Jonnart, Group CFO of Carmeuse