Linking sustainability targets to our financing has strengthened sustainability integration across the organization and within our relationships with investors and other stakeholders. We updated the Green and Sustainability-Linked Finance Framework in June 2024 and aspire to continue the discussion with investors and other participants on our sustainability commitments.
By creating a combined framework, SSAB will be able to fund investments in Eligible Projects and Assets as well as investments to increase its sustainability performance, defined in material and ambitious sustainability objectives through Key Performance Indicators (KPI) and Sustainability Performance Targets (SPTs). SSAB may under this Framework issue securities, including bonds, hybrid bonds, bank loans and revolving credit facilities, Schuldscheins and commercial paper with a green or sustainability-linked element.
In order to ensure that all Eligible Green Projects and Assets provide environmental benefits, they must fall into and comply with at least one of the Eligibility criteria set out in the following Eligible Green Categories:
SSAB will provide an annual update covering information on all issued Green and Sustainability-Linked Financial debt instruments, in a Green Financing Report.